Wireless Earphone Market to Reach US$ 18.2 Bn by 2031; Penetration of Smart Devices to Spur Sales: TMR Study

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Key Findings of Wireless Earphone Market Study

Wireless Earphone Market: Key Drivers

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Wireless Earphone Market: Regional Growth Dynamics

North America and Europe have emerged to be established markets for wireless earphones. Earphone manufacturers thus are leaning on offering augmented products and new features to capture wireless earbuds market share in these mature markets. Of note, they are focusing on promoting enhanced voice quality and fast charging features to attract consumers.

Meanwhile, the opportunities in the Asia Pacific at projected to advance at promising pace during the forecast period, finds the study on the wireless earphone market. A slew of launches of smartphones with innovative wireless connectivity features will boost the revenue potential.

Wireless Earphone Market: Key Players

A few large-scale vendors control the demand and supply in the wireless earphone market, rendering the strategic landscape fairly consolidated. Some of the key players in the market are Samsung Electronics Co, Ltd., Jabra, SONY Corporation, Bose Corporation, Plantronics, Inc., OnePlus Technology Co., Ltd., Apple, Harman International Industries, and Skullcandy Inc.

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Wireless Earphone Market Segmentation

Regions

Consumer Goods Research Reports

Home Audio Equipment Market - The home audio equipment market is expected to surpass the value of US$ 82.07 Bn by the end of 2031, expand at a CAGR of 12.5% from 2021 to 2031

3D Audio Market - The global 3D audio market is expected to reach the value of US$ 22 Bn by the end of 2031, expand at a CAGR of 15.5% from 2021 to 2031

Background Music Market - The global background music market is expected to surpass value of US$ 2.3 Bn by the end of 2031, expand at a CAGR of 5.1% from 2022 to 2031

Consumer Electronics Market - The global consumer electronics market is expected to surpass the value of US$ 1 Trn by the end of 2031, expand at a CAGR of 8.5% from 2021 to 2031

Automotive Speaker Market - The global automotive speaker market is expected to expand at a steady CAGR of 3.6% during the forecast period

Power Bank Market - The global power bank market is expected to reach US$ 18.5 Bn by the end of 2031, It is estimated to grow at a CAGR of 6.1% from 2022 to 2031

Set-Top Boxes Market - The global set-top boxes market is expected to reach value of US$ 35.2 Bn by the end of 2031, grow at a CAGR of 6.4% from 2022 to 2031

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