Global Smart Headphones Market to Reach $15 Billion by 2027
Amid the COVID-19 crisis, the global market for Smart Headphones estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$15 Billion by 2027, growing at aCAGR of 20% over the period 2020-2027. Wireless Headphones, one of the segments analyzed in the report, is projected to record 21.5% CAGR and reach US$12.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wired Headphones segment is readjusted to a revised 13.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 19.1% CAGR
The Smart Headphones market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.1% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR.We bring years of research experience to this 7th edition of our report. The 107-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Apple, Inc.
- BRAGI GmbH
- ChipSiP Technology Co., Ltd.
- Cosinuss GmbH
- Huawei Technologies Co., Ltd.
- Intel Corporation
- LG Electronics Inc.
- Muzik Inc.
- Samsung Electronics Co., Ltd.
- Sennheiser Electronic GmbH & Co. KG
- Sony Corporation
- Streamz Inc.
- Valencell, Inc.