Earphones and Headphones Market is expected to value at USD 15.8 billion by 2025. The market is subject to witness a substantial growth due to the increasing market penetration of mobile phones and growing fad towards music players. Rapid growth in music industry and shifting trend towards personalized experience is expected to drive the market growth of earphones & headphones over the forecast period. Globally, the earphones & headphones industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
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The key driving factors responsible for the growth of Earphones and Headphones market :
Introduction of Bluetooth headphones and increasing demand for in-ear headphones are propelling market demand for earphones and headphones over the forecast period. The recent technological advancement in the wireless communication sector coupled with development of innovative design are expected to offer lucrative growth opportunities for industry players over the next seven years. Moreover, development of live music streaming on portable devices to cater evolving music & entertainment industry is fostering industry expansion over the coming years.
Growing popularity of earphones and headphones among young population is estimated to propel market demand over the upcoming years. Increasing use of earphones and headphones during fitness activities, for relaxation, and medication is forecasted to boost market growth prospects over the next seven years. Growing purchase of smartphones, tablets and portable music players across the globe is a key market trend, driving industry growth in the past few years.
Earphones and headphones are portable and easy to use, thus positively affecting market growth in the recent years. Growing consumer demand for increased fidelity and style is driving more customers towards earphones & headphones market. In addition, introduction of quality audio and hassle-free wired devices is driving market sales in the past few years.
The earphones and headphones industry is broadly categorized into major segments based on the end-user application type such as fitness & sports, gaming, virtual reality, and music & entertainment. The music & entertainment segment is growing rapidly in the earphones and headphones market with substantial revenue generation in the last few years. Growing popularity of earphones and headphones in the music & entertainment segment is attributed to the increasing consumer base and shifting trend towards music as a fad.
The earphones and headphones industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in music & entertainment sector, shifting trend towards on-the-go lifestyle, rise in the consumer base, increase in number of research & development activities in the region, and existence of well-established manufacturing infrastructure.
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Global Nanosatellite and Microsatellite Market is anticipated to reach USD 4.97 billion by 2025.
Nanosatellites and microsatellites (NaM) are mostly used for observing the earth, communication, and to serve space research purposes.
In addition, Nanosatellites and Microsatellites find their applications in Defense and Military verticals for commercial purposes.
Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/nanosatellite-microsatellite-market-size/request-sample Key Players:Some of the key players that fuel the growth of the Nanosatellite and Microsatellite industry comprise Raytheon Company, Planets Labs Inc., Space Quest Ltd., Skybox Imaging, Inc., Sierra Nevada Corporation, Innovative Solutions in Space, Clyde Space Ltd., GomSpace, RUAG Group, and Lockheed Martin Corporation.
Growth Drivers: The factors that propel the growth of the Nanosatellite and Microsatellite industry include high demand for miniature satellites to study the earth, increased investments in nanosatellite and microsatellite technologies, and low manufacturing cost of miniature satellites.
The market is estimated to grow at a significant CAGR in the forecast period as the scope, product types, and its applications are growing across the globe.
4-july-19 The global earphones and headphones market increasing adoption of earphones/headphones during a workout is primarily expected to drive the earphones & headphones market growth over the coming years.
Further, availability of advanced features and the surge in replacement market is anticipated to fuel their demand over the next seven years.The music & entertainment industry has flourished, significantly, over the past years.
Live music streaming on portable devices, including smartphones and music players, has completely evolved the economy of the global music industry.
The music & entertainment industry has marked its presence with technological advancements and has catered the global accessory market, such as earphones and headphones market, to witness positive growth.Grasp advance knowledge on Earphones and Headphones Market:- https://www.radiantinsights.com/research/earphones-and-headphones-marketFurther key findings from the report suggest:• The in-ear or earphones captured a revenue share exceeding 4.0 billion in 2015 and the segment is expected to exhibit healthy growth over the forecast period, owing to the growing adoption of tablets & smartphones• The over-ear segment is also expected to gain traction over the forecast period with the increasing demand for headphones across the music & entertainment and sports & fitness applications• Wireless earphones & headphones are expected to be the next big thing in the industry.
and accounted for a significant share in 2015, a trend expected to continue over the forecast period.• The sports & fitness application segment is anticipated to witness increased adoption, owing to the rising popularity and adoption of mobile devices including smartphones, tablets, and portable music players• Asia Pacific dominated the market in 2015 with a revenue exceeding 2.0 billion.
The increasing consumer disposable incomes, particularly in India and China, are expected to positively impact market growth over the coming years.• The key purveyors in the earphones & headphone industry comprise JVC, Skullcandy, Sony Corp, Sennheiser Electronic, Shure, Inc., and Bose Corp, who emphasize on maximizing product differentiation as a part of their strategyTable of ContentsChapter 1.
