San Jose, CA, July 14, 2016 –(PR.com)– According to a new market report posted by Credence Research, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By tech (Wired and Wireless Headphones and Earphones), and product sales Channel (Original gear maker Channel and Aftermarket Channel) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023,” the global headphones and earphones market is anticipated to witness a stable development, expanding at a CAGR of 6.2% from 2016 to 2023.
Look at Global over ear workout headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By tech (Wired and cordless Headphones and Earphones), and Sales Channel (Original Equipment Manufacturer 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 additionally more feature rich (ex- incorporation of microphones, sound cancellation technology, and water-resistant and others). Consequently, their applications have actually extended beyond individual entertainment and news to recreations, video gaming, healthcare, and segments that are corporate. Furthermore, rise in consumer income that is discretionary evolving customer digital habits is anticipated propel the demand for headphones and earphones globally.
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The market that is global 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 variations to the market. Some 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 among others.
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Mobility revolution (Proliferation of Smartphones and Tablets) to aid the marketplace development
Evolving digital practices of consumers
Manufacturers are striving to build up smart headphones to take advantage of the growing trend towards health monitoring
Controlled demand for in-ear headphones and earphones
Growing preference for cordless headphones and earphones
Trend towards lossless audio file formats has opened new avenues for the high-end audio equipment
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