San Jose, CA, 14, 2016 july –(PR.com)– According to a market that is new published by Credence Research, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear over ear workout headphones and Earphones), By Technology (Wired and Wireless Headphones and Earphones), and Sales Channel (Original gear Manufacturer Channel and Aftermarket Channel) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023,” the global headphones and earphones marketplace is likely 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 Wireless Headphones and Earphones), and Sales Channel (Original gear maker Channel and Channel that is aftermarket – Growth, Share, possibilities, 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 light weight and lightweight, but in addition more feature rich (ex- incorporation of microphones, noise termination technology, and water resistant among others). Consequently, their applications have actually extended beyond personal entertainment and news to sports, gaming, healthcare, and corporate segments. Furthermore, rise in consumer discretionary income and evolving customer digital practices is expected 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 product that is new. 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 to the market. A few of the leading and promising headphones and earphones manufacturers identified in the research study consist of Beats (Apple Inc.), Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Plantronics Pty Ltd., JVC Corporation, Philips Electronics Ltd., GN Netcom A/S(Jabra), 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 marketplace growth
Evolving digital habits 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 audio file platforms has exposed brand new avenues for the audio equipment that is high-end
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