Earbuds Market 2022-2028

Title:Global Earbuds Market Size, Share & Trends Analysis Report by Type (Wired Earbuds and Wireless Earbuds), by Price Range (Premium Range, Mid-Range, and Low Range), and by Distribution Channel (Online, and Offline) Forecast Period (2022-2028).

The global earbuds market is anticipated to grow at an exponential CAGR of 21.3% during the forecast period. The increasing demand for smart technology electronic products in emerging countries of China and India will boost the growth of the market globally. These products include wireless smart earphones with sensors and chargeable carry cases, that are capable of controlling the playback, and activating voice assistants such as Siri, Google Now, Cortana, and Alexa. Global market players are also focusing on updating the existing earbuds range. For instance, in February 2022, Nothing Ear 1 updated true wireless stereo (TWS) earphones with the addition of a voice assistance feature. In addition, the focus has also been on providing an aesthetic design to devices to attract customers, which is another factor bolstering the growth of the market.

The global earbuds market is segmented based on the type, price range, and distribution channel. Based on the type, the market is bifurcated into wired earbuds and wireless earbuds. Based on the price range, the market is sub-segmented into the premium range, mid-range, and low range. Based on the distribution channel, the market is sub-segmented into online, and offline. Among the type, the wireless earbuds segment is anticipated to grow at a considerable rate over the forecast period. The factor attributing to the growth of the market is primarily owing to the rising inclination toward enhancing the experience with fewer restrictions. Consumers are more and more inclining to the wireless feature since it vanishes the necessity to connect the earbuds with the source product of music such as TV, tablet, smartphone, or others. Wireless earbuds allow consumers to move around to a certain range without carrying the musical product, or disconnecting from the music. Thus, several market players are heavily investing in the development and introduction of wireless earbuds with new features in the market. For instance, in June 2022, Realme's tech life brand Dizo launched a new pair of wireless earbuds in India at an affordable rate. The product launched is a sports model with a half-in-ear design and a 13 mm driver unit. It supports Bluetooth V5.3 and also provides ultra-low latency gaming mode. Moreover, it also eases the picking up and ending of the call with smooth call conversations.

Geographically, the global earbuds market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to hold a prominent share in the global earbuds market owing to the presence of key market players in the region. Key market players include Apple, Inc., and Bose, among others, hold a huge share of the market. Additionally, these market players are focusing on regular innovations and updates that show promising regional growth in the earbuds market. For instance, in January 2022, Apple, Inc. started adding Beats FitPro wireless earbuds to its online store in Canada, following the US launch in November 2021.

The major companies serving the global earbuds market include Apple Inc., BRAGI GmbH, Samsung Electronics, Sennheiser electronic GmbH & Co. KG, Sony Group Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2019, Apple, Inc. launched AirPods Pro, a new addition to the AirPods family that offers active noise cancellation and immersive, superior sound, in an all-new lightweight, in-ear design.

Research Methodology

The market study of the global earbuds market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.

• Whitepapers, research papers, and news blogs.

• Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Earbuds Market Research and Analysis by Type.
• Global Earbuds Market Research and Analysis by Price Range.
• Global Earbuds Market Research and Analysis by Distribution Channel.

The Report Covers:

• Comprehensive research methodology of the global earbuds market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global earbuds market.
• Insights about market determinants that are stimulating the global earbuds market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.