Global Hi-Fi Earphone Market Overview:
Hi-Fi audio equipment is a concept that refers to instruments that can play any form of audio in high quality. Headphones, microphones, sound systems, and sound bars are all examples of Hi-Fi audio equipment. Hi-Fi Earphones have a superior sound quality, with a more precise frequency response, less echo, and less distortion. The development in technology means that Hi-Fi audio systems can be used without compromise and without problems. One of the major drivers of the global Hi-Fi Systems market is the increasing digitalization of systems. The market for wireless audio products is growing as the demand for portable smart devices such as smartphones, tablets, and laptops increases. Some of the players profiled in the study are Apple Inc. (United States), Bose Corporation (United States), Samsung Group (South Korea), Sennheiser electronic GmbH & Co. (Germany), Skullcandy Inc. (United States), Sony Corporation (Japan), JBL (United States), Xiaomi Corporation (China), OnePlus (China) and boAt (India).
On the basis of geography, the market of Hi-Fi Earphone 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Hi-Fi Earphone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Wired will boost the Hi-Fi Earphone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing use of Smartphones
- Increased use of Streaming Websites
- Wireless and Smart Charge Technology
- Higher Cost than Normal Earphones
- Health Issues Pertaining To Prolonged Use of Audio Devices
- Access to Video and Music Content On-The-Go
- Various Alternatives like Headphones Available
Key Market Developments:
December 2020 – Apple launched their new Apple AirPods Max Wireless Earphones, October 2020 – JBL Launched their new product, The JBL CLUB Pro and Jan 2021 - boAt has recently received an investment from US-based private equity major Warburg Pincus and plans to use the capital to build on its growth momentum, and to move the majority of its manufacturing from China to India.
The competition for Hi-Fi Earphones is highly Competitive with several and global players present in the market. The various global players are trying to increase their market share by using product innovation and marketing techniques.
Major Objectives Focused through this Study
To define, describe, and forecast the Global Hi-Fi Earphone market on the basis of product [In-ear, On-ear and Over-ear] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Hi-Fi Earphone market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Hi-Fi Earphone industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Syska (India), Zebronics (India), Mivi (India), iBall (India) and Candytech (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Hi-Fi Earphone market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.