Market Overview

Global Headphones Market 2018-2022 to Benefit From the Rush for Back-to-school Supplies | Technavio

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The increasing need for connectivity in today's world is evident from
the increasing sale of mobile devices and related accessories. Among
mobile accessories, headphones are the most popular. Modern age
back-to-school shopping involves less of stationery and more of advanced
technology. As educational institutions seek to leverage technology in
the teaching-learning market, students need to be equipped with personal
learning devices such as mobile phones, tablets, and laptops. Headphones
are necessary for appropriate utilization of each of these devices in
clearly demarcated headphone zones across the school campus.

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Technavio market research analysts expect the global headphones market to grow at a CAGR of almost 7 ...

Technavio market research analysts expect the global headphones market to grow at a CAGR of almost 7% during 2018-2022. (Graphic: Business Wire)

The global headphones market is swamped with choices for young
consumers. Students heading back to school can choose among different
products by type and by technology. The market offers different types of
headphones ranging from in-ear, on-ear, or over-ear models with wireless
or wired technology. Consumers also have the choice of non-smart
headphones or smart headphones.

Market research analysts at Technavio forecast that the global
headphones market 2018-2022
will post a CAGR of close to
7% over the forecast period. This market research analysis highlights
increasing demand for sports headphones as one of the key drivers in the
headphones market. Vendors are developing innovative products to cater
to the needs of the consumers.

According to a senior analyst at Technavio for consumer electronics
research, "Product miniaturization is a key trend in the headphones
market. Advances in nanochip technology have resulted in the development
of wireless headphones that fit the human ear. The aesthetic appeal of
miniature headphones will lead to the growth of the market during the
forecast period."

The global headphone market is dominated by key players such as Apple,
BOSE, and Samsung Electronics, among others. The introduction of
innovative and technically-advanced headphones will motivate consumers
to adopt them for their personal and work use.

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Market research firm Technavio has identified technological advances in
terms of product features and aesthetics as factors that will bring
traction to the market. The incorporation of new technologies such as
spatial sound and bone conduction are expected to lead to the growth of
the market in the coming years.

Technavio's market research provides a competitive analysis of the
market by type (in-ear, on-ear, and over-ear headphones), by technology
(wired and wireless headphones), by product (non-smart and smart
headphones), and by geography (the Americas, EMEA, and APAC). This
research report also provides a thorough understanding of the market
augmented with actionable insights. The report is designed to help
market players refine their strategies and secure a bigger share of the
market during the period 2018-2022.

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