Earphones and headphones are portable and easy to use, thus positively affecting market growth in the recent years. Growing consumer demand for increased fidelity and style is driving more customers towards earphones & headphones market. In addition, introduction of quality audio and hassle-free wired devices is driving market sales in the past few years.
The earphones and headphones industry is broadly categorized into major segments based on the end-user application type such as fitness & sports, gaming, virtual reality, and music & entertainment. The music & entertainment segment is growing rapidly in the earphones and headphones market with substantial revenue generation in the last few years. Growing popularity of earphones and headphones in the music & entertainment segment is attributed to the increasing consumer base and shifting trend towards music as a fad.
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The earphones and headphones industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in music & entertainment sector, shifting trend towards on-the-go lifestyle, rise in the consumer base, increase in number of research & development activities in the region, and existence of well-established manufacturing infrastructure.
Asia-Pacific region is estimated to hold major share in the earphones & headphones market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with decline in the cost of earphone, higher market penetration of mobile phones & music players, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the earphones & headphones industry are Sennheiser, Inc., Sony Corp., Shure, Inc., JVC Co., Skullcandy, Inc., Harman International Industries, Inc.,, Philips N.V., and Bose Co., and Beats Electronics, Inc.
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