LONDON--(BUSINESS WIRE)--Aug 30, 2018--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% 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 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.
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.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
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SOURCE: Technavio Research
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