Wireless Earbuds Market to Exhibit 15.2% CAGR till 2028 | Trend—

Wireless Earbuds Market

According to a new report by Emergen Research, the global wireless earbuds market is expected to reach USD 14.23 billion by 2028 at a CAGR of 15.2%. Wider Internet access, increased use of smartphones with advanced features, the emergence of advanced wireless technologies, and rising disposable incomes of consumers, particularly in developing countries such as India and China, are driving market revenue growth. Rising demand for wireless earbuds among students and the working population, growing trends of work from home and online schooling in the pandemic era, and increasing availability of wireless earphones at highly affordable prices manufactured by companies such as Oppo, Vivo, and Xiaomi are other key factors driving market growth.

Because of technological advancements such as Bluetooth and W-Fi, the market for Wireless Earbuds is expected to grow significantly over the forecast period. Several startups and well-established corporations, including Samsung Electronics, Bose Corporation, and Sony Corporation, are focusing on developing innovative products. This is expected to increase demand for Wireless Earbuds even more. Technological advancements in the manufacturing process are assisting brands in attracting a large consumer base to Wireless Earbuds. The major changes incorporated in the products are noise cancellation and improved wireless connectivity, which will increase its adoption among millennials.

The significant drop in True Wireless Stereo (TWS) chipset prices has also created an opportunity for new companies to enter the market and offer affordable earbuds. Furthermore, industry leaders are focusing on expanding their footprints in rapidly growing economies by introducing advanced wireless earbuds to cater to the untapped market. Apple, Xiaomi, JBL, Samsung, Bose, and Sony are the market’s most prominent players. According to the research report, “Global Wireless Earbuds Market Analysis, 2021,” Samsung launched the Galaxy Buds 2 TWS earphones in India in 2021, which have triple microphones, a better fit, and ANC.

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Some Key Highlights of the Report:

The music & entertainment segment is the fastest-growing application segment in the global wireless earbuds market. The segment is expected to grow at the fastest rate during the forecast period, owing to factors such as increased demand for high-end entertainment devices with enhanced audio and noise cancellation features, an increase in smartphone users, and a growing preference for live music streaming and podcasts.

Due to the significant rise of the e-commerce industry, rising trend of online shopping, and growing availability of wireless earbuds on leading e-commerce platforms such as Amazon, Flipkart, and Walmart, often at discounted prices, the online platforms segment is expected to reach the highest revenue share over the forecast period.

In terms of revenue, North America was the most dominant regional market in the global wireless earbuds market in 2020. Rising adoption of Alexa or Siri-compatible smart home devices, increasing youth indulgence in online gaming and other entertainment activities, rising demand for wireless earbuds among tech-savvy consumers, and increasing use of these devices during fitness activities or outdoor sports are driving market growth in this region. Another major factor driving North America market growth is the presence of leading brands such as Bose, Apple, and Beats Electronics in the region.

Apple Inc., Bose Corporation, Sony Corporation, Samsung, JVC, OnePlus, Jaybird, Beats Electronics LLC, Shure Inc., and Sennheiser electronic GmbH & Co. are the market leaders in wireless earbuds. KG, to name a few.

For the purpose of this report, the global wireless earbuds market is segmented on the basis of application, end-use, distribution channel, and region:

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Fitness
  • Gaming
  • Music & entertainment
  • Virtual Reality

End-use Outlook (Revenue, USD Billion; 2018-2028)

  • Commercial
  • Consumer
  • Others

Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)

  • Online platforms
  • Offline retail stores

Regional Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Rest of the Asia Pacific
  • Latin America
    1. Brazil
    2. Rest of Latin America
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of the Middle East & Africa

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/wireless-earbuds-market

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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