San Jose, CA, 14, 2016 july –(PR.com)– According to a market that is new posted by Credence analysis, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear over ear workout headphones and Earphones), By tech (Wired and Wireless Headphones and Earphones), and Sales Channel (Original gear maker Channel and Aftermarket Channel) marketplace – Growth, Share, possibilities, Competitive Analysis, and Forecast 2016 – 2023,” the international headphones and earphones marketplace is expected to witness a reliable development, expanding at a CAGR of 6.2% from 2016 to 2023.
Browse the Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By Technology (Wired and cordless Headphones and Earphones), and Sales Channel (Original gear Manufacturer Channel and Aftermarket Channel) Market – 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 additionally more feature rich (ex- incorporation of microphones, sound termination technology, and waterproof among others). Consequently, their applications have extended beyond individual activity and media to sports, video gaming, health care, and corporate segments. Furthermore, rise in consumer income that is discretionary evolving customer digital habits is anticipated propel the interest in headphones and earphones globally.
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The global market for 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 different headphone and earphone variants in to the market. A number of the leading and promising headphones and earphones manufacturers identified in the research 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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Flexibility revolution (Proliferation of Smartphones and Tablets) to assist industry growth
Evolving digital practices of consumers
Manufacturers are striving to produce smart headphones to take advantage of the trend that is growing health and fitness monitoring
Controlled demand for in-ear headphones and earphones
Growing choice for wireless headphones and earphones
Trend towards lossless sound file platforms has opened new avenues for the high-end audio equipment
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