San Jose, CA, 14, 2016 july –(PR.com)– According to a new market report published 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 Headphones and Earphones), and Sales Channel (Original gear maker Channel and Aftermarket Channel) marketplace – Growth, Share, possibilities, Competitive Analysis, and Forecast 2016 – 2023,” the international headphones and earphones market is expected to witness a stable growth, expanding at a CAGR of 6.2% from 2016 to 2023.
Browse the Global over ear workout 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 Equipment maker 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 weight that is light lightweight, but in addition more feature rich (ex- incorporation of microphones, sound termination technology, and water-resistant amongst others). Consequently, their applications have extended beyond personal entertainment and news to sports, video gaming, healthcare, and corporate segments. Furthermore, rise in consumer discretionary income and evolving consumer digital practices is anticipated propel the interest in 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 headphone that is different earphone variations into the market. A number 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 and 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 make use of 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 audio file platforms has opened new avenues for the high-end audio equipment
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