San Jose, CA, July 14, 2016 –(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 Headphones and Earphones), and product sales Channel (Original gear maker Channel and Aftermarket Channel) marketplace – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023,” the global over ear workout headphones and earphones marketplace is likely to witness a steady development, expanding at a CAGR of 6.2% from 2016 to 2023.
Look at 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 product sales Channel (Original gear maker Channel and Channel that is aftermarket – Growth, Share, Opportunities, 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 compact, but in addition more feature rich (ex- incorporation of microphones, noise termination technology, and waterproof amongst others). Consequently, their applications have actually extended beyond individual entertainment and news to recreations, video gaming, health care, and corporate segments. 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 new product developments. 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 variants into the market. A few of the leading and promising headphones and earphones manufacturers identified in the research 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 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 assist the marketplace development
Evolving digital habits of consumers
Manufacturers are striving to build up smart headphones to make use of the growing trend towards health monitoring
Controlled demand for in-ear headphones and earphones
Growing choice for wireless headphones and earphones
Trend towards lossless sound file platforms has exposed brand new avenues for the audio equipment that is high-end
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