Headphones Market Revenues Surged 26% in Q3 Says Futuresource Consulting

In its latest Global Headphone Report update, market research firm Futuresource Consulting continues to see solid growth in the headphones market, both in units sold and revenue. According to the latest quarterly tracking report from Futuresource, the global headphones market enjoyed an upsurge in revenues in Q3 this year, growing by 26% year-on-year. It seems noise-cancelling and true wireless headphones are exciting consumers.

The headphones market continues its recent trend of solid growth in volumes and substantial growth in revenue. Units are projected to grow 4.1% this year to 377 million, to generate retail revenues worth $19.9bn, a sizable increase of 27% y-o-y. Headphones continue to be a dynamic market, as average price growth is accelerated by demand from consumers for new premium features and form factors such as true wireless and noise cancellation, which provide further strong growth opportunities for the future.

Artificial intelligence (AI), voice-recognition technology and fast connectivity – critical ingredients for smart speakers, smart home technologies and smartphones – will help spur overall U.S. consumer technology industry revenue to $377 billion in retail revenues in 2018, a six percent increase, according to the Consumer Technology Association (CTA). The mid-year update of CTA’s flagship report, U.S. Consumer Technology Sales and Forecasts, also shows whole home Wi-Fi solutions and wireless earbuds will each cross the $1 billion wholesale revenue milestone for the first time this year.