Growth of the Earphone Market and all (2021 – 2028)

Growth of the Earphone Market and all (2021 - 2028)

The increasing penetration of smartphones and growing demand for smart tech in emerging countries of China and India will boost the demand for medium range products in the global market. Lately, the focus has also been on providing an aesthetic design to devices to attract the customers.

For instance, Munich-based tech firm Bragi provides earbuds having features such as 4 GB of storage for mp3 collection, physical and biofeedback sensors to track heart rate and oxygen saturation, measurement of steps and pace, audio feedback throughout workout. Toss in touch controls, a microphone, Bluetooth and micro USB connectivity and water resistantance up to a meter.

The demand for earbuds is likely experiencing an initial spike with work-at-home and entertainment-in-place now the standard for many households due to the recent outbreak of COVID-19 virus. This new demand will not diminish consumer expectations for advanced functionality, so device manufacturers still need to prioritize app development and software enhancements to enhance the user experience.

Story Highlights

  • Over the forecast period (2021-2026), the earbuds market is expected to reach at a CAGR of 20%. These products are designed and launched in as wireless smart headphones with sensors, chargeable carry case, etc.

  • The integration of Wi-Fi and Bluetooth technologies on a single IC leads to the development of cost-effective and compact wireless audio devices including earbuds. Demand for uninterrupted connectivity to different devices from smartphones. Bluetooth connectivity and Wi-Fi among other technologies, increase the utility of earbuds by offering them high-speed connectivity.