Electrical Industry Today

Earbuds Market Share, Price Trends, Top Companies, Report 2023-2028

The rapid proliferation of smartphones and portable music players is creating a massive consumer base seeking high-quality audio experiences on the go
Published 19 July 2023

The global earbuds market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 58.5 Billion by 2028, exhibiting a growth rate (CAGR) of 19.70% during 2023-2028.

Earbuds, also known as in-ear headphones or wireless earphones, are small, lightweight devices that fit directly into the ears of users. They provide a personalized and immersive audio experience, allowing users to enjoy their favorite music, podcasts, and calls without the hassle of tangled wires. They also offer superior sound quality, noise cancellation features, and convenient touch controls. As they can be used during commuting, working out, or simply enjoying leisure time due to their convenience and portability, the demand for earbuds is rising across the globe.

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Earbuds Market Trends and Drivers: 

At present, the rapid proliferation of smartphones and portable music players is creating a massive consumer base seeking high-quality audio experiences on the go. Earbuds provide a convenient and seamless wireless connection to these devices, offering users a truly immersive sound experience. Additionally, the increasing adoption of streaming services and digital content platforms is fueling the need for premium audio accessories as consumers seek to enhance their entertainment consumption. Moreover, the growing emphasis on health and fitness is catalyzing the demand for sports-oriented earbuds around the world. These earbuds are designed with features, such as sweat and water resistance, secure fit, and built-in biometric sensors to track workouts of users, which is strengthening the growth of the market.

Earbuds Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Apple Inc.
  • Audio-Technica Corporation
  • BBK Electronics Corporation
  • boAt Lifestyle
  • Bose Corporation
  • GN Store Nord A/S
  • Google LLC (Alphabet Inc.)
  • Huawei Technologies Co. Ltd.
  • Jaybird (Logitech International S.A.)
  • JVCKENWOOD Corporation
  • Koninklijke Philips N.V.
  • Motorola Mobility LLC (Lenovo Group Limited)
  • Samsung Electronics Co. Ltd.
  • Sony Corporation and Xiaomi Corporation.

The report has been segmented the market into following categories:

Breakup by Features:

  • Smart
  • Non-smart

Breakup by Price Range:

  • Premium Range (Greater than $150)
  • Mid-Range ($50 - $150)
  • Low Range (Less than $50)

Breakup by Distribution Channel:

  • Multi-Brand Electronic Stores
  • Hypermarket/Supermarket Stores
  • Online Stores
  • Others

Breakup by Application:

  • Fitness & Gyming
  • Gaming
  • Music & Entertainment

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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