Global Mobile Phone Accessories Market, Asia Headphones Industry - Ken Research
Ken Research has announced its latest publication on growth
estimates of Headphone industry, in the global market named as, “Global Headphones Industry Situation and Prospects Research report 2017". The report presents an in
depth analysis concerning the key trends and growth prospects of the headphone
industry in the global arena complemented with the integrity of logic and the
comprehensiveness of contents that is further guaranteed to enrich the report
reader who is either a industry insider or investor, with the professional and
extensive data analysis. The report is intended to provide cutting-edge market
intelligence and help decision--makers take sound investment evaluations.
In addition, the report also provides the basic overview of
the industry inclusive of its definition, applications, classifications,
industry chain structure, international developmental history, competitive
landscape analysis, the major regions development status and policies/plans,
manufacturing process and cost structures, import/export, supply and
consumption figures, cost price, revenue and gross margin by regions, global
company profiles, product picture and specification, capacity, production,
contact information, upstream raw materials, equipment and downstream consumer analysis.
Moreover, vivid research conclusions are offered as well with the conceivable
image of the new investment projects being assessed.
Trending endorsements of portable devices such as
smartphones, mobiles, laptops, and tablets have prominently driven the
headphones market size over the past few years. This current hype persisting in
the headphone industry is not a fad but the future of the industry. The rising
adoption can be allocated to the fact that several people are tethered to their
smart devices, such as music players, mobiles, and tablets, for a significant
portion of their day, primarily, for listening music, watching videos, or
playing games. From being predominantly a home audio accessory, the Global
headphones market has evolved to a premium portable AV device. Products
integrated with microphones have witnessed increased adoption. Additionally,
the rising trend of providing a holistic experience may contribute positively
to the revenue market.
The crucial factors attributing increased product sales are
the technological advances in the headphone industry amongst which the most
prolific advancement, particularly in the consumer segment, is the noise
cancellation & wireless connectivity. Additionally, incorporation of
fitness features and intense competition has resulted in growing efforts
towards product differentiation. This market is poised to exceed in billions by
2023. These advances have emerged as key trends over the past five years with
manufacturers emphasizing on developing products that provide quality audio and
save a user, from the possible hassles. Manufacturers also invest heavily in
R&D and allocate their efforts on developing innovative products that offer
maximum product differentiation. Another trend witnessed over the past few
years is of Mergers and acquisitions. For example, Apple acquired Beats
Electronics and Beats Music in May 2014 to establish itself firmly in the
industry.
The global headphones industry is a highly competitive sphere
with majority of the industry participants focusing on new product development
and technological innovation. Incumbent players also focus on strengthening
distribution channels in order to compete with emerging participants. The
overall revenue share was exceeded by Asia Pacific, in 2015. Additionally, the
increasing consumer disposable incomes in developing countries, such as India,
China, and Brazil, are expected to significantly propel the market demand.
North America can be considered as the next significant region of importance
closely followed by Europe.
The global headphones market is segmented based on the
product type: into wired and wireless headphones; on the basis of price: into
premium, mid and low price segments; on the basis of distribution channel:
multi-brand store, single/mono brand store and online store; and on the basis
of application: into media and entertainment, sports, gaming, personal and
corporate segments.
Envisaged from research, the world economy enlarged by just
2.2 per cent in the year 2016, and is anticipated to further extend by only 2.7
per cent in 2017 and reach till 2.9 per cent in 2018, it can be contemplated as
a state of stagnant growth. The market is growing and recovering on a very
sedating pace, indicating the state of economic stabilization for the present
as well as the future rather than a robust revival of global demand. Moreover,
the correspondence between the demand, investment, trade and productivity
coupled with the weak global growth may prove to be self perpetuating for the
Headphone industry in collaboration with the efforts to revive investment and
productivity through policy initiatives.
Reasons for Growth
and Forecast
The precipitating factors underlying the growth of the
industry include the increasing disposable income of the consumers, technological
advancements and diversification of product portfolio by major players,
expanding urban population, increasing consumer demand for increased fidelity
and style, the growing popularity and adoption of smartphones, tablets,
laptops, portable music players, and other mobile devices, availability of a
strong distribution network and rising number of streaming services. The
headphone market value and volume is anticipated to expand during the forecast
period at a single-digit CAGR value. The emergence of other technological
advancements such as active noise cancellation techniques, which aid in
minimization of any distortion caused while listening, is expected to fuel the
market growth in the next few years while improving the listening experience of
the consumers.
The Global Headphone industry has been profiled with several
key companies such as AKG, Audio-Technica, Beats By Dr. Dre, Beyerdynamic,
Denon, Koss, Pioneer, Sennheiser, Shure, Sony, Ultrasone, and Yamaha. These
market players have been working on the future competition by developing more
extensive and innovative products to meet the changing demands of the
consumers.
Key Topics Covered in
the Report:
Global Headphones Industry Research Report
Global Headphones Market Analysis
Headphones Market Future Outlook Worldwide
North America Headphones Industry
Europe Headphones Industry Analysis
Asia Headphones Industry
Global Headphone Market Future Outlook
Global Headphone Market Major Players
Global Mobile Phone Accessories Market
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Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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