The global wireless earphone market is expected to witness a CAGR of 5.8%, according to the new report by Grand View Research, Inc. Wireless earphone consists of sports ear buds, single earbud, and over the ear earphones. These earphone is connected to different devices such as televisions, computers, laptops, smartphones, stereo speakers, etc. via technologies such as Bluetooth, Wi-Fi, or NFC. Wireless earphones can receive and transmit signal without the need for any wire or cable. Bluetooth technology earphones include a miniaturized computer chip that allows connectivity between the earphone and device. Wireless earphone can be simultaneously connected to multiple devices. It is a rechargeable device that has a battery life of more than twenty to thirty hours. They are used for listening to music, communication, video gaming, or for several other applications.
Increasing preference for wireless devices, along with the penetration of smart technology is considered to be the major factors fueling the demand for wireless earphones and will further drive the overall growth in the global market during the forthcoming years. In addition, they offer freedom of movement during sports, exercises, or other physical activities. Also, wireless headphones are often preferred over the wired ones since they don’t tend to fall out of the wearer’s ear.
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Covid-19 Effect:
A sonic shift during the coronavirus crisis attributive to workout from home, work from home, and study from home have driven the demand for audio products and are responsible for the current spike in market revenue. Amid the unexpected challenges caused by the ongoing Covid-19 pandemic, wireless earbuds or earphones have enabled the users to enjoy music and attend professional meetings. These audio accessories provide hands-free and cord-free experience, while giving you the ultimate mobility.
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Further findings from the report suggest:
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In terms of revenue, the music and entertainment segment dominated the overall market in 2019 and accounted for a share of 33.8%. This is ascribed to the extensive availability of Wi-Fi among consumers that enables them to music or watch videos
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Offline distribution channels held the largest market share of 53.4% in 2019 dominated the market for wireless earphones with a share of 53.4% in 2019 as offline stores exhibit a detailed display of the technology infused in various market products
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Major Players:
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Apple Inc.
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Bose Corporation
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Sony Corporation
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Samsung
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JVC
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OnePlus
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Jaybird
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Beats
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Shure Inc.
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Sennheiser electronic GmbH & Co. KG.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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