Smart Headphones Market Definition
The global Smart Headphones market is expected to witness high demand in the forecasted period due to an increase in the penetration of infotainment devices. The smart headphone is a device, which performs various advance functions including voice-based personal assistants, contextual location-based suggestions, fitness & heart rate tracking, environment-based noise suppression or audio enhancement, and gesture & touch-based control. Enhanced features offered by these devices including water resistance, noise cancellation, and high-definition (HD) sound format is anticipated to drive industry growth over the next few years. Evolving consumer preference coupled with growing purchasing power may result in the substantial adoption of smart headphones over the forecast period.
The market study is broken down by Type (In Ear, On Ear and Over Ear), by Application (Sports Headphones, Gaming Headphones, Business Headphones, Professional Headphones and Ordinary Headphones) and major geographies with country level splits. According to AMA, the Global Smart Headphones market is expected to see growth rate of 20.2%
The key players are adopting various strategies to upgrade their market share. Key players emphasize on expanding their market presence and provide competitive audio solutions with high noise cancellation and better connectivity. R&D investment is significantly high in the market as manufacturers constantly try to develop breakthrough technologies in an attempt to provide state of the art products to meet evolving consumer needs. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Smart Headphones market throughout the predicted period.
Bose Corporation (United States), Apple Inc. (United States), Sennheiser Electronic (Germany), Sony (Japan), Skullcandy (United States), Samsung Electronics (South Korea), Bragi (Germany), LG Electronics (South Korea), JBL (Harman International Industries, Incorporated) (United States) and Koninklijke Philips N.V. (Netherlands) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Smart Headphones market by Type, Application and Region.
On the basis of geography, the market of Smart Headphones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online Distribution Channel will boost the Smart Headphones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 29th October 2019, Apple has announced AirPods Pro, an exciting addition to the AirPods family that features Active Noise Cancellation and superior, immersive sound, in an all-new lightweight, in-ear design.
On 29th May 2019, Bose has ushered in a new era of headphones with the wireless Noise Cancelling Headphones 700, featuring the biggest leap forward in headphones since the iconic QuietComfort. The new Bose 700s introduces a revolutionary new voice interface that redefines mobile communication the way Bose noise cancellation redefined mobile audio.
- Customerís Increasing Need for Convenience
- Growing Health Concerns and Increasing Acceptance Across the Sports Sector
- High Adoption of Wireless Devices
- The Upsurge in Need for Mobility Services
- Growth in advancements in technology is projected to offer lucrative opportunities for the smart headphone market. Implementation of various technologies including Wi-Fi, noise-canceling technology, Bluetooth/NFC speakers, fitness & heart rate tracking, language translation, contextual location-based suggestions, voice-based personal assistants, and gesture & touch-based control has led to increasing in the adoption of smart headphone across domestic and commercial sectors.
- Adverse Effect on Hearing Ability due to Overuse of Headphones
Key Target AudienceSmart Headphones Manufactures, Smart Headphones Suppliers, Smart HeadphonesDistributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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