impact of recession on your business
Smart Headphones Market

Smart Headphones Market Size, Share & Segmentation By Type (In Ear, On Ear, Over Ear) By Distribution Channel (Online, Offline) By Connectivity (Wired Headphones, Wireless Headphones), By Regions And Global Forecast 2023-2030

Report Id: SNS/SEMI/2357 | July 2022 | Region: Global | 127 Pages

Report Scope & Overview:

Smart Headphones Market Size was valued at USD 7.32 billion in 2022, and is expected to reach USD 41.49 billion by 2030, and grow at a CAGR of 24.2% over the forecast period 2023-2030

A smart headphone is a device that, in addition to listening to audio signals, can perform other functions such as fitness and heart rate tracking, voice-based personal assistants, environment-based noise suppression or audio enhancement, contextual location-based suggestions, and gesture & touch-based control.

Smart Headphone Market

MARKET DYNAMICS:

KEY DRIVERS:

  • In the manufacturing industry, there is a growing demand for high-reliability, low-latency networks.

  • Data traffic is increasing as the number of smart headphones devices in various industries grows.

RESTRAINTS:

  • The deployment of smart headphones comes at a high cost.

  • Excessive use of headphones has a negative impact on hearing ability.

OPPORTUNITIES:

  • Private smart headphones are becoming increasingly popular in the manufacturing industries.

CHALLENGES: 

  • Issues with smart headphones deployment and coverage.

IMPACT OF COVID-19: 

The main issue that players in the US organic CMOS image sensor market face is supply chain interruptions. Export and import restrictions on products and raw materials are included in various laws and regulations enacted by the US government to combat the spread of COVID-19. This has contributed to major supply chain issues worldwide, resulting in a shortage of materials and devices used in the electronics industry to produce organic CMOS image sensor products. Because the electronic industry has not been able to resume operations, demand for organic CMOS image sensor products has decreased. As a result, the organic CMOS image sensor market is shrinking during the pandemic.

COVID-19 has also disrupted the global supply chains of major electronic brands. China is the world's largest producer and exporter of various electronic input materials used in the manufacture of finished electronic products. Due to China's ongoing production halt, other electronic manufacturers have been forced to temporarily halt finished goods production, resulting in a demand-supply gap in electronic products. This has harmed China's organic CMOS image sensor market.

Based on Type, smart headphones market is segmented into In Ear, On Ear and Over Ear. The in-ear segment is expected to grow at the fastest rate during the forecast period. The growing demand for in-ear headphones is one of the key factors driving the growth of this segment.

 

Based on Distribution channel, smart headphones market is segmented into Online and Offline. The online distribution channel is expected to generate the most revenue this year. This is due to the increasing number of ecommerce websites in various developed countries such as the United States and Germany, which are responsible for the segment's larger market share. Hospitals and clinics are expected to grow at the fastest CAGR in the medical device cleaning market during the forecast period.

Based on Connectivity, smart headphones market is segmented into Wired headphones and Wireless headphones. The wireless segment is expected to account for the largest share of the Smart Headphones market this year. The increasing prevalence and use of wireless headphones due to their numerous benefits are the primary factors driving the use of wireless headphones, which is expected to boost demand for smart headphones during the forecast period.

COMPETITIVE LANDSCAPE:

The key players in the smart headphones market are Apple, Bragi, Intel Corporation, Sennheiser, Streamz, Samsung Electronics, Bose Corporation, Huawei, LG electronics, Sony Corporation, Skullcandy and Koninklijke Philips.

MARKET SEGMENT:

BY TYPE

  • In Ear

  • On Ear

  • Over Ear

BY DISTRIBUTION CHANNEL

  • Online

  • Offline

BY CONNECTIVITY

  • Wired headphones

  • Wireless headphones

Smart Headphone Market

REGIONAL ANALYSIS:

North America was the largest market for smart headphones, accounting for more than half of global revenue, and is expected to grow rapidly due to early technology adoption by both manufacturers and consumers. High technology penetration in the United States is also expected to boost product sales. With the availability of high-end products, the presence of the majority of key industry players such as Beats, Bose, and Skullcandy has revolutionized the regional market. Because of the region's high wearable electronics penetration, Asia-Pacific is expected to see significant growth. Increased spending on expensive electronic accessories may also fuel demand. Over the next seven years, the availability of low-cost sensors and other connectivity components used in headphones is expected to drive growth. Europe is expected to have subpar growth as a result of its weakened economy and the recent European debt crisis. The crisis is expected to have a long-term negative impact on overall development. Countries such as Germany and the United Kingdom, on the other hand, were only moderately affected by the crisis and are expected to grow significantly in the coming years.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Smart Headphones Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 7.32 Billion
Market Size by 2030 US$ 41.49 Billion
CAGR CAGR of 24.2% From 2023 to 2030
Base Year 2022
Forecast Period

2023-2030

Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (In Ear, On Ear, Over Ear)
• By Distribution Channel (Online, Offline)
• By Connectivity (Wired Headphones, Wireless Headphones)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Apple, Bragi, Intel Corporation, Sennheiser, Streamz, Samsung Electronics, Bose Corporation, Huawei, LG electronics, Sony Corporation, Skullcandy and Koninklijke Philips.
Key Drivers • In the manufacturing industry, there is a growing demand for high-reliability, low-latency networks.
• Data traffic is increasing as the number of smart headphones devices in various industries grows.
Restraints • The deployment of smart headphones comes at a high cost.
• Excessive use of headphones has a negative impact on hearing ability.


Frequently Asked Questions (FAQ) :

The market value is expected to reach USD 27.1 billion by 2028.

The key players in the smart headphones market are Apple, Bragi, Intel Corporation, Sennheiser, Streamz, Samsung Electronics, Bose Corporation, Huawei, LG electronics, Sony Corporation, Skullcandy and Koninklijke Philips.

In the manufacturing industry, there is a growing demand for high-reliability, low-latency networks and Data traffic is increasing as the number of smart headphones devices in various industries grows.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Smart Headphones Market Segmentation, by type

8.1Introduction

8.2 In Ear

8.3 On Ear

8.4 Over Ear

 

9. Smart Headphones Market Segmentation, by distribution channel

9.1Introduction

9.2 Online

9.3 Offline

 

10. Smart Headphones Market Segmentation, by connectivity

10.1 Introduction

10.2 Wired headphones

10.3 Wireless headphones

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 Intel Corporation

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Apple

12.3 Bragi

12.4 Sennheiser

12.5 Streamz

12.6 Samsung Electronics

12.7 Bose Corporation

12.8 Huawei

12.9 LG electronics

12.10 Sony Corporation

12.11 Skullcandy

12.12 Koninklijke Philips

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.