LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global wireless headphones market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio market research analysts, the global wireless headphones market CAGR is estimated to be around 7% during the forecast period. However, the market’s growth momentum is expected to decelerate, due to a decrease in the year-over-year growth.
The increasing penetration of smart devices is a major factor driving the market’s growth. The growing penetration of smart devices such as smartphones, tablets, laptops, smart TVs, streaming media players, and other multimedia devices is anticipated to drive the demand for supporting accessories such as wireless headphones. The Bluetooth headphones are widely preferred wearable connected devices, which work in sync with smartphones.
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In this report, Technavio highlights the technological advances and miniaturization as one of the key emerging trends in the global wireless headphones market:
Technological advances and miniaturization
The wireless headphones market is emerging and witnessing several technological advances that are expected to boost market growth during the forecast period. The market has witnessed several developments in terms of product aesthetics, size, and features. The increasing focus on product miniaturization and customer-tailored product offerings is expected to propel the demand for wireless headphones. Some of the advances that are expected to gain traction during the forecast period include spatial sound, bone conduction, and noise-cancellation. The spatial sound technology is likely to be incorporated in headphones over the coming years. This technology professionally monitors the audio content including surround and elevation audio cues.
“Bone conduction is the conduction of sound in the inner ear through bones in the skull. Several headphones have incorporated this technology. The noise-cancellation technology continuously measures, compares, and responds to external noise and then stops it with the reverse signaling,” says a senior analyst at Technavio for research on consumer electronics.
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Global wireless headphones market segmentation
This market research report segments the global wireless headphones market by type (in-ear headphones, on-ear headphones, and over-ear headphones) and key regions (the Americas, APAC, and EMEA).
The in-ear headphones segment held the largest market share in 2017, accounting for over 57% of the market. This segment of the market is expected to witness steady growth during the forecast period.
The Americas was the leading region for the global wireless headphones market in 2017, accounting for a market share of close to 47%. The market share of this region will decrease by nearly 3% by 2022. However, the Americas will dominate the market throughout the forecast period.
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