The global high-end headphone market is anticipated to grow at a CAGR of 15.0% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising penetration of infotainment devices, rapid technological advancements, and a surge in the need for mobility services. In addition, increase in advancements in technology such as Bluetooth/NFC speakers, Wi-Fi, noise-canceling technology, language translation, fitness and heart rate tracking, voice-based personal assistants, contextual location-based suggestions, environment-based noise suppression or audio enhancement, and gesture and touch-based control are some factors that led the market growth during the forecast period. Furthermore, rising preference for sound assistance and Wi-Fi-enabled headphones, rising investment in R&D expenditure by key players for the development of advanced products, and growing adoption of wireless headsets among sports and fitness enthusiasts are further accelerating the growth of the market during the forecast period. Moreover, the rising number of OTT platform subscribers, increasing spending on electronic goods, rising global music industry along with revolutionary breakthroughs in professional audio, increased utilization of headphones across offices and gyms are propelling the growth of the market.
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Some major players in the market include Bose Corp., Harman International Industries, Inc., and Sony Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2020, JBL a part of Harman International Industries, Inc. announced the launch of the JBL CLUB Headphone which comes with smart assistant technology and advanced noise cancellation.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Type
- By Application
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bose Corp., Harman International Industries, Inc., and Sony Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global High-End Headphone Market Report by Segment
By Product Type
- Wired Headphone
- Wireless Headphone
By Type
- In Ear
- On Ear
- Over Ear
By Application
- 18
- 18-34
- Above 34
By Sales Channel
- Online
- Offline
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