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Global Smart Headphone Market Expected to Reach $21,809.5 Million by 2025

 
 

quote In 2017, the in ear segment dominated the global smart headphone market, in terms of revenue. However, the over ear segment is expected to grow at a highest CAGR during the forecast period. Furthermore, based on distribution channel, offline led the global market in 2017, followed by online. The smart headphone market holds high growth potential, owing to increase in adoption of electronic system and devices. Furthermore, increase in the demand for smart headphones, particularly in the developing regions, such as China, India, and others drives the growth of the market. Companies in this industry have been adopting various innovative techniques to provide customers with advanced and innovative product offerings, which further boost the market growth. quote

Chandani Poddar
Lead Analyst, Semiconductor & Electronics at AMR

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According to a recent report published by Allied Market Research, titled, Global Smart Headphone Market by type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global smart headphone market was valued at $5,033.8 million in 2017, and is projected to reach $21,809.5 million by 2025, growing at a CAGR of 20.2% from 2018 to 2025.

Presently, Asia-Pacific dominates this market. In 2017, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall smart headphone market in Europe in 2017. In the same year, the U.S. dominated the North America market.

In 2017, based on type, the in ear type was the dominant segment, in terms of revenue, and is anticipated to continue this trend during the forecast period. However, based on distribution channel, offline segment dominated the global market in the same year.

The key factors that drive the growth of the global market include increase in penetration of infotainment devices, rapid technological advancement, and surge in need for mobility services. However, adverse effect on hearing ability owing to excess use of headphones is expected to limit the market growth. Moreover customers increasing need for convenience provides ample of growth opportunity.

Key Findings of the Smart Headphone Market:

  • On the basis of type, the in ear led the smart headphone market in the year 2017.
  • The offline distribution channel dominated the global smart headphone market in 2017.
  • The Asia-Pacific region held the majority of market share in 2017.
  • LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

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quote Global Smart Headphone Market by Type (In Ear, On Ear, and Over Ear) and Distribution Channel (Online and Offline) - Global Opportunity Analysis and Industry Forecast, 2018-2025 quote

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