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.
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
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
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
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