The new report on the Noise Canceling Headphones Market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. various segments in the Noise Canceling Headphones Market during the forecast period of 2018 – 2027
To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions
Noise Canceling Headphones Market Dynamics
Increasing affinity of the millennial population towards technologically advanced and state-of-the-art electric appliances is one of the leading factors driving growth of the noise canceling headphones market. Increasing inclination of consumer towards headphones that offer higher audio quality is encouraging audio device companies to incorporate advanced technologies and offer the noise canceling feature in headphones.
Constantly evolving technologies and changing preferences of consumers make it mandatory for noise canceling headphones market players to be adoptive to recent trends to maintain a competitive edge in the market. A mounting number noise canceling headphone manufacturers entering the market is making the noise canceling headphones market highly competitive. Furthermore, needs for high capital and technological expertise may prove to be major barriers to entry for small- and medium-scale manufacturers in the noise canceling headphones market.
Market Insights:
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 light weight and compact, but also more feature rich (ex- incorporation of microphones, noise cancellation technology, and water resistant among others).
Consequently, their applications have extended beyond personal entertainment and media to sports, gaming, healthcare, and corporate segments. Furthermore, rise in consumer discretionary income and evolving consumer digital habits is expected propel the demand for headphones and earphones globally.
Competitive Insights:
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 new product developments. In addition, headphone and earphone manufacturers are increasingly focusing on strengthening their distribution channels and hence the reach.
This will consequently enable stores to push different headphone and earphone variants into 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 A/S(Jabra), Harman International Industries, Inc. (AKG), and Audio-Technica Corporation among others.
Best Bluetooth Earphones Under 1000
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