The global wireless earbuds market size is expected to reach USD 14.23 billion by 2028 at a CAGR of 15.2%. The Wireless Earbuds Market Report gives a complete coverage of the strategic alliances along with mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, amongst others. Key strategic alliances for product improvement and advancements is predicted to feature traction to market increase going ahead. The report additionally covers an in-depth analysis of the important thing competition of the market along with their increase techniques and business expansion plans.
The global wireless earbuds market has gained significant traction in the last few years, with growing demand for Bluetooth or Wi-Fi-enabled wireless audio devices and addition of advanced features such as sensors, touch controls, real-time language translation, and built-in AI to wireless earbuds. Growing popularity of live streaming services and rising interests in podcasts and audiobooks have further driven demand for wireless earbuds. Rising awareness of health & fitness and growing use of wearable health gadgets such as fitness bands are other key factors propelling market growth.
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Further key findings from the report suggest
- Based on application, the music & entertainment segment is the fastest-growing segment in the global wireless earbuds market. The segment is projected to register the highest CAGR over the forecast period, owing to factors such as growing demand for high-end entertainment devices with enhanced audio and noise cancellation features, increasing number of smartphone users, and growing inclination towards live music streaming and podcasts.
- Among distribution channels, the online platforms segment is expected to reach the highest revenue share over the forecast period, owing to the significant rise of the e-commerce industry, rising trend of online shopping, and growing availability of wireless earbuds on leading e-commerce platforms such as Amazon, Flipkart, and Walmart, often at discounted prices.
- In 2020, North America was the most dominant of all regional markets in the global wireless earbuds market in terms of revenue. Market growth in this region is attributed to rising adoption Alexa or Siri-compatible smart home devices, increasing indulgence of the youth in online gaming and other entertainment activities, rising demand for wireless earbuds among tech-savvy consumers, and increasing use of these devices during fitness activities or outdoor sports. The presence of leading brands including Bose, Apple, and Beats Electronics in the region is another major factor accounting for the North America market growth.
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Report Objective:
The report offers a complete analysis of the global Wireless Earbuds market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Apple Inc., Bose Corporation, Sony Corporation, Samsung, JVC, OnePlus, Jaybird, Beats Electronics LLC, Shure Inc., and Sennheiser electronic GmbH & Co. KG., among others. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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For the purpose of this report, the global wireless earbuds market is segmented on the basis of application, end-use, distribution channel, and region:
Application Outlook (Revenue, USD Billion; 2018-2028)
- Fitness
- Gaming
- Music & entertainment
- Virtual Reality
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Commercial
- Consumer
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Online platforms
- Offline retail stores
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Wireless Earbuds market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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