The global wireless earbuds market size is expected to reach USD 14.23 billion by 2028 at a CAGR of 15.2%, according to a new report by Emergen Research. Market revenue growth is majorly supported by wider access to the Internet, growing use of smartphones with advanced features functionalities, emergence of advanced wireless technologies, and rising disposable incomes of consumers, especially in developing nations such as India and China. Other key factors driving market growth are rising demand for wireless earbuds among students and the working population, growing trends of work from home and online schooling in the pandemic era, and increasing availability of wireless earphones at highly affordable prices, manufactured by companies such as Oppo, Vivo, and Xiaomi. Furthermore, escalating demand for high-end music & entertainment devices, mainly among the younger population, emergence of advanced technologies such as ANC (active noise cancellation), and rising demand for wireless earbuds that are highly compatible with intelligent virtual assistants including Alexa, Siri, Cortana, and Google Assistant have further boosted the global market growth over the recent past.
The global Wireless Earbuds market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Wireless Earbuds market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Apple Inc., Bose Corporation, Sony Corporation, Samsung Electronics Co., Ltd., Beats Electronics LLC, Jabra, Sennheiser electronic GmbH & Co. KG, SoundMAGIC, Cambridge Audio, and Master & Dynamic
Research Report on the Wireless Earbuds Market Addresses the Following Key Questions:
- Who are the dominant players of the Wireless Earbuds market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Wireless Earbuds market?
- What are the key growth drivers and restraining factors of the Wireless Earbuds market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Wireless Earbuds market and its key segments?
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Emergen Research has segmented the global Wireless Earbuds market on the basis of type, type of care, and region
Segments Covered in this report are:
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Application Outlook (Revenue, USD Billion; 2018–2028)
- Fitness
- Gaming
- Music & Entertainment
- Virtual Reality
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Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
- Online Platforms
- Retail Offline Stores
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End-use Outlook (Revenue, USD Billion; 2018–2028)
- Commercial
- Consumer
- Others
In conclusion, the Wireless Earbuds Market report is an exhaustive database that will help readers formulate lucrative strategies. The Wireless Earbuds Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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