Global Headphone Market Growth at CAGR of 5.46%, 2
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Dublin, Jan. 06, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Headphone Market 2017-2021" report to their offering. The global headphone market to grow at a CAGR of 5.46% during the period 2017-2021.
Global Headphone Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of headphones
The latest trend gaining momentum in the market is growing consumer awareness. Consumers have always been victims of counterfeit mobile accessories in the past, and the issue is predominant in APAC, which is considered as the hub for counterfeit products. With the advent of social media, an increasing number of customers are becoming more aware of specifications, look, and style. The future of the global headphone market from a vendor's point of view will depend on the amount allocated to the R&D sector and on how it intends to satisfy customers' expectations in terms quality of service and quality of experience. According to the report, one of the major drivers for this market is rapid growth of sports headphones. Biometric sports tracking headphones have rapidly gained prominence in the market since their inception. These headphones can be used to track heart rate, measure distance covered, and calculate calories burned during a workout. Though there is no shortage of heart rate monitors in the market, for many users, headphones are a part of their training gear. Further, the report states that one of the major factors hindering the growth of this market is increasing popularity of counterfeit headphones. The availability of counterfeit products in the market is a major concern for headset manufacturers. APAC is considered as the hub for counterfeit products because the products are easily available at very low prices. Many people are buying such products because they are cheap and copies of big brands. The products are sold at less than a quarter of the price of the original product. Counterfeit products are eating into the market shares of leading vendors, resulting in huge losses.
Key vendors
- Beats Electronics
- Bose
- Sennheiser
- Skullcandy
- Sony
Other prominent vendors
- AIAIAI
- AKG Acoustics
- Apple
- Audio-Technica
- Beyerdynamic
- Creative Technology
- Denon Electronics
- Grado Labs
- House of Marley
- Jays
- JBL
- JVC Kenwood
- Logitech International
- Molami
- Monster
- Panasonic
- Parrot
- Pioneer
- Shure
- SMS Audio
- Sol Republic
- Urbanears
- Westone Laboratories
Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Market segmentation by product Part 07: Market segmentation by type Part 08: Market segmentation by technology Part 09: Market segmentation by connecting port Part 10: Geographical segmentation Part 11: Key leading countries Part 12: Market drivers Part 13: Impact of drivers Part 14: Market challenges Part 15: Impact of drivers and challenges Part 16: Market trends Part 17: Vendor landscape Part 18: Appendix For more information about this report visit http://www.researchandmarkets.com/research/5s..._headphone
CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Audio Equipment
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