The latest research study “Earbuds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global earbuds market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 58.5 Billion by 2028, exhibiting a growth rate (CAGR) of 19.70% during 2023-2028.
Earbuds refer to small, audio-wearable devices that transmit and receive sound signals. They consist of covers, casings, wires, seals, magnets, gel tips, coil, cone, microphones, and circuit boards and are mostly available in wired, true wireless stereo (TWS), and wireless categories. These earbud variants are worn by the user for listening to music and communication. They reduce background noises, provide excellent sound quality, facilitate efficient noise isolation and stability, ensure higher durability and zero audio latency, and improve the gaming and entertainment experience. As a result, earbuds are in extensive demand among consumers across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Earbuds Market Trends and Drivers:
The growing proliferation of smart devices, including tablets, laptops, smartphones, portable music players, etc., is among the key factors driving the earbuds market. In addition to this, the emerging trend of using the products during workouts, hiking, traveling, exercising, dancing, and playing sports, as it offers hands-free features and water and sweat resistance, is further stimulating the market growth. Apart from this, the introduction of smart earbuds that utilize biometric technologies to provide biometric identification, layered listening capability, enhanced sound quality, real-time translation, and monitoring of vitals, such as heart rate and blood pressure, etc., is also positively influencing the market growth.
Furthermore, the elevating product need for military applications to enable clear communication, amplify the hearing capabilities of soldiers, ensure proper health monitoring, and dampen the sounds of gunshots, blasts, and explosions is acting as another significant growth-inducing factor. Besides this, the expanding product availability through e-commerce platforms, rising expenditure in research and development (R&D) activities, and increasing product adoption in construction activities to offer noise cancellation and avert the risk of hearing loss are expected to propel the earbuds market over the forecasted period.
Earbuds Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Apple Inc.
- Audio-Technica Corporation
- BBK Electronics Corporation
- boAt Lifestyle
- Bose Corporation
- GN Store Nord A/S
- Google LLC (Alphabet Inc.)
- Huawei Technologies Co. Ltd.
- Jaybird (Logitech International S.A.)
- JVCKENWOOD Corporation
- Koninklijke Philips N.V.
- Motorola Mobility LLC (Lenovo Group Limited)
- Samsung Electronics Co. Ltd.
- Sony Corporation and Xiaomi Corporation.
The report has been segmented the market into following categories:
- Premium Range (Greater than $150)
- Mid-Range ($50 – $150)
- Low Range (Less than $50)
- Multi-Brand Electronic Stores
- Hypermarket/Supermarket Stores
- Online Stores
- Fitness & Gyming
- Music & Entertainment
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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