Market - - Jul 12,2017
As per statistics, the global earphone and headphone market is anticipated to rise at a CAGR of 7.0% in terms of value and at a CAGR of 4.1% in terms of volume until 2025.
Currently, portable music systems, such as tablets, smartphones, and portable music players, are experiencing a major growth trend in terms of demand, and this factor is driving the growth of the earphone and headphone market on the global level.
According to a recent report published by Market Research Reports Search Engine (MRRSE), the global earphone and headphone market is likely to rise at a CAGR of 7.0% in terms of value and in terms of volume, it is expected to acquire a CAGR of 4.1% during the period until 2025. In the recent years, due to technological advancements in the field of headphones, there has been a minimisation in the overall weight of these items. Additionally, refined noise cancellation features in earphones and headphones have led to the rising popularity of these devices.
Presently, the global market offers two broad product variations, namely wired and wireless, for earphone and headphone. The different applications for these devices are spread across varied sectors such as sports, gaming, media, and entertainment, personal and corporate. It is important to note that, considering the geographical reach for this market, the prime regions include Western Europe, North America, Asia Pacific Excluding Japan (APEJ), Japan as a separate region, Eastern Europe, Latin America and the Middle East and Africa (MEA).
The growth of the earphone and headphone market is also driven by the active efforts of manufacturers such as Bose Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Plantronics Pty Ltd., GN Netcom A/S (Jabra), Beats (Apple Inc.), JVC Corporation, Harman International Industries, Inc.(AKG), Philips Electronics Ltd. and Audio-Technica Corporation.
For more information on this report visit- http://www.mrrse.com/earphones-headphones-market