According to Technavio market research analysts, the global wireless headphones market CAGR is estimated to be around 7% during the forecast period. However, the market’s growth momentum is expected to decelerate, due to a decrease in the year-over-year growth.
The increasing penetration of smart devices is a major factor driving the market’s growth. The growing penetration of smart devices such as smartphones, tablets, laptops, smart TVs, streaming media players, and other multimedia devices is anticipated to drive the demand for supporting accessories such as wireless headphones. The Bluetooth headphones are widely preferred wearable connected devices, which work in sync with smartphones.
In this report, Technavio highlights the technological advances and miniaturization as one of the key emerging trends in the global wireless headphones market, expected to boost market growth during the forecast period. The market has witnessed several developments in terms of product aesthetics, size, and features. The increasing focus on product miniaturization and customer-tailored product offerings is expected to propel the demand for wireless headphones. Some of the advances that are expected to gain traction during the forecast period include spatial sound, bone conduction, and noise-cancellation. The spatial sound technology is likely to be incorporated in headphones over the coming years. This technology professionally monitors the audio content including surround and elevation audio cues.
This market research report segments the global wireless headphones market by type (in-ear headphones, on-ear headphones, and over-ear headphones) and key regions (the Americas, APAC, and EMEA).
The in-ear headphones segment held the largest market share in 2017, accounting for over 57% of the market. This segment of the market is expected to witness steady growth during the forecast period.
The Americas was the leading region for the global wireless headphones market in 2017, accounting for a market share of close to 47%. The market share of this region will decrease by nearly 3% by 2022. However, the Americas will dominate the market throughout the forecast period.
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