San Jose, CA, 14, 2016 july –(PR.com)– According to a new market report published by Credence Research, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and over ear workout headphoness and Earphones), By Technology (Wired and cordless Headphones and Earphones), and Sales Channel (Original Equipment Manufacturer Channel and Aftermarket Channel) Market – Growth, Share, possibilities, Competitive Analysis, and Forecast 2016 – 2023,” the global headphones and earphones market is expected to witness a steady development, 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 Technology (Wired and Wireless Headphones and Earphones), and Sales Channel (Original Equipment maker 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 global demand for 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, noise termination technology, and waterproof among others). Consequently, their applications have extended beyond personal entertainment and news to recreations, gaming, health care, and corporate segments. Furthermore, rise in consumer income that is discretionary 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 new product developments. In addition, headphone and earphone 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 variations in to the market. A few 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 and others.
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Flexibility revolution (Proliferation of Smartphones and Tablets) to assist industry growth
Evolving digital practices of customers
Manufacturers are striving to build up smart headphones to use the growing trend towards health and fitness monitoring
Regulated demand for in-ear headphones and earphones
Growing preference for wireless headphones and earphones
Trend towards lossless sound file formats has exposed brand new avenues for the audio equipment that is high-end
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