Futuresource Updates Headphones Market Report for 2020

The aftermarket headphones segment continues to attract consumer spend, with 2019 shaping up to be another industry high point, according to the new Headphones Market report from Futuresource Consulting. The headphones market continues its recent trend of solid growth in volumes - 5% year-on-year - and substantial growth in revenue (14%). True wireless and Active Noise Cancelling (ANC) are the main engines of growth in the total value of the headphones market accompanied by the rising ASP's, as consumers demand for new premium features remains strong.

Futuresource Consulting announced the forthcoming availability of the new 'Worldwide Hearables Report'. According to the company's research, the growing appeal of aftermarket headphones is opening up the new ‘hearables’ sub-segment, catering for those with hearing loss and alleviating much of the expense and stigma attached to hearing aids. Amid these market developments, Futuresource will carry out in-depth original research to explore the enabling technologies, the underlying consumer attitudes, motivations and the size of the hearables opportunity.

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.