The global Smart Headphones market is expected to rise at a significant rate in the forecast period. Enhanced features offered by these devices including water resistance, noise cancellation, and high-definition (HD) sound format are estimated to boost industry growth over the next few years. As well, the increasing adoption of wireless devices with incorporated music players is anticipated to be a key factor propelling the growth of the smart headphones market in the coming years.
Furthermore, the arrival of lightweight devices paired with advanced audio solutions is likely to strengthen market growth in the near future. The surge in smartphone and tablets sales is further expected to promote demand for smart headphones. In addition to this, growing consumer preference coupled with rising purchasing power may result in the large adoption of smart headphones over the forecast period.
On the downside, the presence of advanced features in these products results in high cost which is expected to pose a serious challenge to the market’s growth. In addition, the rise in counterfeit products offering similar features at a comparatively low price is likely to hamper product sales.
Covid-19 Impact on Smart Headphones Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Smart Headphones Market Segment Overview
Based on product, the global Smart Headphones market is classified into Wired and Wireless segments. Increasing adoption of these kinds of devices owing to the convenience offered by them is expected to enlarge market growth. Rising penetration, mostly in the entertainment and gaming sector, is anticipated to significantly boost this segment's growth in the coming years. In addition to this, the wired segment is estimated to witness moderate growth over the forecast period in light of the nominal benefits offered including low cost & power consumption along with enhanced connectivity and accessibility.
Smart Headphones Market, By Product
· Wired
· Wireless
Smart Headphones Market, By Distribution Channel
· Online
· Offline
Smart Headphones Market Regional Overview
In terms of region, North America accounts for a major share in the Smart Headphones market. This is mainly due to the early technology adoption by manufacturers and consumers. In addition, the presence of key market players in this region is one of the prime reasons to boost the growth of the North American market. Likewise, Asia-Pacific is expected to witness considerable growth owing to high wearable electronics penetration in the region. Also, increasing spending on expensive electronic accessories may fuel demand for the product, which further propels the growth of the market in this region.
Smart Headphones Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Smart Headphones Market Competitor overview
Some key developments and strategies adopted by manufacturers in Smart Headphones are highlighted below.
· In August 2021, Philips has launched two TWS headphones in the Indian market. The company has unveiled the Philips SBH2515BK/10 and TAT3225BK which come with a host of speakers including Hi-Fi Audio, excellent battery backup, seamless connectivity, and low latency for true wireless freedom and a great sound experience.
Smart Headphones Market, Key Players
· Bose Corporation
· Apple Inc.
· Sennheiser Electronic
· Sony
· Skullcandy
· Samsung Electronics
· Bragi
· LG Electronics
· JBL (Harman International Industries, Incorporated)
· Koninklijke Philips N.V.
· Valencell
· ChipSip
· Huawei
· Cosinuss
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Smart Headphones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Wired
- 5.2.2. Wireless
- 5.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.3.1. Online
- 5.3.2. Offline
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Smart Headphones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Wired
- 6.2.2. Wireless
- 6.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.3.1. Online
- 6.3.2. Offline
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Smart Headphones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Wired
- 7.2.2. Wireless
- 7.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.3.1. Online
- 7.3.2. Offline
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Smart Headphones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Wired
- 8.2.2. Wireless
- 8.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.3.1. Online
- 8.3.2. Offline
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Smart Headphones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Wired
- 9.2.2. Wireless
- 9.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.3.1. Online
- 9.3.2. Offline
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Bose Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Apple Inc.
- 10.6. Sennheiser Electronic
- 10.7. Sony
- 10.8. Skullcandy
- 10.9. Samsung Electronics
- 10.10. Bragi
- 10.11. LG Electronics
- 10.12. JBL (Harman International Industries, Incorporated)
- 10.13. Koninklijke Philips N.V.
- 10.14. Valencell
- 10.15. ChipSip
- 10.16. Huawei
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
