A research study conducted and suggests that wireless Bluetooth headphones market will cross a valuation of around $120 billion by 2026.
Wireless Bluetooth headphones are incorporated with several features, such as connectivity and noise cancellation. These devices provide comfort and convenience to the user, which will contribute to driving wireless Bluetooth headphones market growth. Wired technology restricts customers from moving freely, resulting in massive adoption of wireless Bluetooth headphones. Also, wireless Bluetooth headphones with noise cancellation characteristics are attracting a large customer base, which is likely to proliferate wireless Bluetooth headphones industry share.
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The application scope of the Bluetooth headphones industry is gradually expanding, with the products being adopted by consumers in various daily activities, including exercise, driving, or during work. To that end, many technology players and manufacturers are intensifying their focus on the development of Bluetooth headphones with sophisticated new features, designed to accommodate evolving customer expectations.
For instance, in June 2020, Sony introduced its first-ever truly wireless earbuds, also known as TWS, in the Indian market. The launch of the new products includes the cost-friendly WF-XB700 variant, as well as the premium WF-SP800N variant. Persistent technological advancements and robust adoption of the product across myriad applications are thus likely to augment Bluetooth headphones market dynamics over the estimated timeline.
List of the Key Companies that are Operating in the Bluetooth Headphones Market. They are as follows:
Aftershoktz LLC, Apple, Inc., Anker Technology (UK) Ltd., Audio-Technica Corporation, Bang and Olufsen A/S, Beats Electronics LLC., Beyerdynamic GmbH & Co. KG, Bose Corporation, Bowers & Wilkins Group Ltd., Harman International Industries, Inc., Jabra Corporation, Jaybird LLC, JLab Audio, LG Electronics Inc., Microsoft Corporation, Motorola Solutions, Inc., MPOW, Koninklijke Philips N.V, Plantronics, Inc., QCY, Sennheiser Electronic, Sentry Industries, Inc., Skullcandy, Inc., Sony Corporation, and TZUMI Electronics LLC.
From a regional perspective, the Latin American Bluetooth headphones industry is anticipated to exhibit a 15% CAGR through 2026. This growth is characterized mainly by the rising use of handheld music players by consumers in the region.
On the other hand, the MEA (Middle East & Africa) Bluetooth headphones market share is poised to register a commendable CAGR of over 10% through 2026, owing to the lack of cars with in-vehicle infotainment and navigation systems. Advanced infotainment systems are designed to deliver a vast array of content sources, auxiliary inputs for portable devices, internet access as well as seat displays for individual passengers.
However, while there is a wide variety of content sources available in these systems, built-in speakers in vehicles mandate that each passenger in the vehicle must listen to the same audio content. In order to listen to their own choice of audio content, individual occupants thus rely on devices such as wireless Bluetooth headphones.
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Table Of Content:
Chapter 4 Bluetooth Headphones Market, By Product
4.1 Key trends by product
4.2.1 Market estimates & forecast, 2014 – 2026
4.3.1 Market estimates & forecast, 2014 – 2026
Chapter 5 Bluetooth Headphones Market, By Distribution Channel
5.1 Key trends by distribution channel
5.2.1 Market estimates & forecast, 2014 – 2026
5.3.1 Market estimates & forecast, 2014 – 2026
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