San Jose, CA, July 14, 2016 –(PR.com)– According to a new market report published by Credence analysis, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and over ear workout headphones), By Technology (Wired and Wireless Headphones and Earphones), and product sales Channel (Original Equipment Manufacturer Channel and Aftermarket Channel) Market – Growth, Share, possibilities, Competitive Analysis, and Forecast 2016 – 2023,” the global headphones and earphones marketplace is anticipated to witness a reliable growth, expanding at a CAGR of 6.2% from 2016 to 2023.
Look at Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By tech (Wired and Wireless Headphones and Earphones), and product sales Channel (Original gear Manufacturer Channel and Channel that is aftermarket – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/headphones-and-earphones-market
The demand that is global headphones and earphones is primarily driven by the perpetually growing demand for smartphones, tablets, and portable media devices. With the advancements in technology, not only have headphones and earphones become more weight that is light compact, but in addition more feature rich (ex- incorporation of microphones, sound termination technology, and water resistant and others). Consequently, their applications have extended beyond personal activity and news to activities, gaming, healthcare, and corporate segments. Furthermore, rise in consumer income that is discretionary evolving consumer digital practices is expected propel the demand for headphones and earphones globally.
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The market that is global headphones and earphones is highly fragmented and competitive with the leading four manufacturers acquiring less than 45% of the global headphone and earphone market revenue share in 2015. In order to sustain and compete, manufacturers are required to focus on product innovation and new product developments. In addition, earphone and headphone manufacturers are increasingly focusing on strengthening their distribution channels and hence the reach. This will consequently enable stores to push headphone that is different earphone variants into the market. A number of the leading and promising headphones and earphones manufacturers identified in the study study include Beats (Apple Inc.), Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Plantronics Pty Ltd., JVC Corporation, Philips Electronics Ltd., GN Netcom Jabra that is a/S() Harman International Industries, Inc. (AKG), and Audio-Technica Corporation among others.
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Mobility revolution (Proliferation of Smartphones and Tablets) to aid the market growth
Evolving digital practices of consumers
Manufacturers are striving to build up smart headphones to use the trend that is growing health and fitness monitoring
Regulated demand for in-ear headphones and earphones
Growing choice for cordless headphones and earphones
Trend towards lossless sound file platforms has opened brand new avenues for the high-end audio equipment
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