San Jose, CA, 14, 2016 july –(PR.com)– According to a market that is new posted by Credence Research, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By Technology (Wired and cordless over ear workout headphones and Earphones), and Sales Channel (Original gear Manufacturer Channel and Aftermarket Channel) Market – Growth, Share, possibilities, Competitive Analysis, and Forecast 2016 – 2023,” the worldwide headphones and earphones marketplace is expected to witness a steady 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 cordless Headphones and Earphones), and Sales Channel (Original gear Manufacturer Channel and Aftermarket Channel) Market – 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 lightweight, but in addition more feature rich (ex- incorporation of microphones, noise termination technology, and waterproof amongst others). Consequently, their applications have extended beyond personal activity and media to activities, video gaming, medical, and segments that are corporate. Furthermore, rise in consumer income that is discretionary evolving customer digital practices is expected propel the demand for 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 headphone that is different earphone variations to the market. A few of the leading and promising headphones and earphones manufacturers identified in the study 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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Flexibility revolution (Proliferation of Smartphones and Tablets) to assist the marketplace growth
Evolving digital habits of customers
Manufacturers are striving to develop smart headphones to use the trend that is growing health monitoring
Managed demand for in-ear headphones and earphones
Growing preference for cordless headphones and earphones
Trend towards lossless sound file formats has exposed new avenues for the high-end audio equipment
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