The Latest Headphone Industry Statistics Explained
The global headphones market size was valued at USD 25.8 billion in 2019.
The statistic stating that the global headphones market size was valued at USD 25.8 billion in 2019 signifies the total monetary value of all headphones sold worldwide during that year. This figure provides insight into the significant market demand and sales volume of headphones across various regions and brands. It indicates a thriving industry with a substantial consumer base willing to invest in audio technology products. This statistic is crucial for market analysts, businesses, and investors to assess the growth potential and competitiveness within the headphones market, leading to strategic decision-making and forecasting for the future.
The market is expected to grow at a compound annual growth rate (CAGR) of 20.3% from 2020 to 2027.
The statement “The market is expected to grow at a compound annual growth rate (CAGR) of 20.3% from 2020 to 2027” predicts the average annual growth rate of the market over the specified period. This rate, expressed as a percentage, reflects the expected increase in market size each year if the growth remains consistent. A CAGR of 20.3% indicates strong growth potential and suggests that the market is expected to more than double in size by the end of the forecast period. This information can be valuable for investors and industry stakeholders in assessing potential opportunities and risks within the market landscape.
The Asia Pacific dominated the market with more than 45% share in 2019.
This statistic indicates that the Asia Pacific region held a significant market share of over 45% in 2019, highlighting its dominant position in the market compared to other regions. The high share suggests that the Asia Pacific region was a key player in the industry during that year, closely followed by other regions. This strong presence could be attributed to various factors such as rapid economic growth, technological advancements, large consumer base, and the presence of key industry players. It signals the region’s importance and influence in shaping market trends and dynamics within the industry during the specified time period.
It is estimated that on average, a person is willing to spend $42 for a headset.
The statistic that on average, a person is willing to spend $42 for a headset represents the central tendency of individuals’ willingness to pay for this particular product. This estimate suggests that, when considering a diverse group of individuals, the typical amount that they are willing to allocate towards purchasing a headset is $42. This average value can serve as a useful benchmark for businesses in pricing their headsets competitively and appealing to the preferences and budget of potential consumers. However, it is important to note that individual preferences and economic circumstances can vary, so businesses may need to consider price points both above and below this average in order to cater to a wider range of consumers and maximize their sales potential.
In 2021, the revenue generated by the headphones segment amounts to $36,157 million.
The statistic “In 2021, the revenue generated by the headphones segment amounts to $36,157 million” indicates the total amount of revenue generated by the sales of headphones in that specific year. This figure represents the total financial value associated with the transactions involving headphones during 2021. It provides crucial insight into the size and significance of the headphones market, demonstrating the growing demand for audio products such as headphones. This statistic is important for businesses, investors, and analysts to understand the performance and trends within the headphones industry, enabling them to make informed decisions regarding investments, marketing strategies, and product developments within this sector.
The user penetration in the headphones market is currently at 15.9% and expected to hit 17.4% by 2025.
The user penetration statistic in the headphones market refers to the percentage of individuals within the total addressable market who currently use headphones. As of now, the user penetration stands at 15.9%, indicating that approximately 15.9% of the target population are headphone users. The projection of this statistic to reach 17.4% by 2025 suggests an expected increase in the adoption of headphones among consumers in the coming years. This anticipated growth could be influenced by various factors such as technological advancements, changing consumer preferences, and increased availability of headphone products in the market.
More than 368 million units of headphones and headsets were sold in 2019.
The statistic “More than 368 million units of headphones and headsets were sold in 2019” indicates the significant popularity and widespread adoption of these audio devices. The high sales volume reflects the consumer demand for audio peripherals, which have become essential accessories for purposes such as listening to music, making calls, and gaming. The figure highlights the booming market for headphones and headsets, showcasing a competitive industry landscape with a wide range of brands and product choices available to consumers. This data underscores the pervasive use of audio technology in modern society and suggests a continued growth trajectory for the industry in the future.
The average revenue per user (ARPU) in the headphones segment is estimated to amount to $79.97 in 2021.
The average revenue per user (ARPU) in the headphones segment refers to the average amount of revenue generated by an individual user within that market. This statistic, stating that the ARPU in the headphones segment is estimated at $79.97 in 2021, indicates the average spending per user on headphones-related products or services for the year. ARPU is a key metric used by businesses to assess their revenue generation per customer, providing insights into customer spending behavior and market trends. A higher ARPU suggests increased revenue potential and customer value, making it an important metric for companies to track and optimize their business strategies accordingly.
The in-ear segment led the market and accounted for more than 60% share of the global revenue in 2019.
The statistic indicates that in 2019, the in-ear segment of the market was the dominant category, capturing a significant portion of the global revenue, specifically accounting for over 60% of the total market share. This suggests that in-ear products, such as headphones or earphones, were the most popular or widely used among consumers compared to other types of audio devices. The strong performance of the in-ear segment could be attributed to factors such as advancements in technology, comfort and convenience of use, as well as changing consumer preferences towards more portable and wearable audio solutions. Overall, this statistic highlights the significant market presence and success of in-ear products in 2019.
Bluetooth technology is expected to register the fastest CAGR of 21.9% from 2020 to 2027.
This statistic indicates that Bluetooth technology is projected to experience a Compound Annual Growth Rate (CAGR) of 21.9% from the year 2020 to 2027. A CAGR is a measure of the rate of return over a specified period of time, assuming the growth rate remains constant. In this case, the forecasted CAGR suggests that the adoption and utilization of Bluetooth technology is expected to increase rapidly over the next seven years. This growth rate of 21.9% signifies a significant expansion in the market for Bluetooth-enabled devices and applications, highlighting the increasing importance and widespread integration of this wireless communication technology across various industries and sectors.
About 48% of U.S. consumers reported that they used to have headphones or earphones connected to their primary computer.
The statistic states that approximately 48% of consumers in the United States indicated that they previously used headphones or earphones with their main computer. This suggests that a substantial portion of the population find it common or necessary to use audio accessories such as headphones while interacting with their computers, likely for purposes such as listening to music, watching videos, or participating in virtual meetings. The prevalence of headphone usage highlights the importance of audio experiences in the daily lives of consumers and underscores the significance of audio-related features in computer technology and user preferences.
In terms of sales, Bose is the leading headphones manufacturer in the United States with a market share of about 22% as of March 2019.
This statistic indicates that Bose holds the largest market share in the United States headphone industry as of March 2019, capturing approximately 22% of the total sales in that market. This means that Bose outperforms its competitors in terms of sales volume, making it the most popular brand among consumers seeking headphones in the US during that time period. Bose’s strong market position suggests that consumers are particularly drawn to their products, whether it be due to their brand reputation, product quality, marketing strategies, or innovation in headphone technology. This statistic serves as a key indicator of Bose’s success and dominance in the headphone industry within the US market.
Sony’s NC headphones market share during 2018 was around 27%.
The statistic indicates that Sony held approximately 27% of the market share for noise-cancelling (NC) headphones in 2018. This suggests that Sony’s NC headphones were favored by consumers, capturing a significant portion of the market compared to competitors. The 27% market share reflects the proportion of Sony NC headphones sold in relation to the total sales of all NC headphones in the market during 2018. This statistic highlights Sony’s strong presence and competitiveness in the noise-cancelling headphone market, showcasing the brand’s popularity and success in this product category for that year.
The children’s headphones market grew by 23% in 2019 from 2018.
The statistic indicates that the market for children’s headphones experienced a significant growth of 23% in 2019 compared to the previous year, 2018. This growth rate suggests an increase in the demand and popularity of children’s headphones during that period. Factors such as advancements in technology, an increase in the use of digital devices by children, and a rise in consumer awareness regarding hearing protection for young users could have contributed to this growth. The substantial increase in the market size reflects a positive trend in the industry, potentially driven by changing consumer preferences and market dynamics.
Over-ear headphones hold around 18% share in the global headphones market.
The statistic that over-ear headphones hold around 18% share in the global headphones market means that out of all the headphones sold worldwide, approximately 18% are over-ear headphones. This percentage indicates the market presence and popularity of over-ear headphones compared to other types such as in-ear or on-ear headphones. The data suggests that over-ear headphones have a significant share of the market, highlighting that they are a preferred choice among consumers. This statistic is crucial for headphone manufacturers and retailers to understand consumer preferences and market trends in order to make strategic decisions and tailor their products to meet the demands of the target audience.
Noise-cancellation feature is anticipated to contribute to the market growth with 25% CAGR over 2020-2026.
The statistic “Noise-cancellation feature is anticipated to contribute to the market growth with 25% CAGR over 2020-2026” suggests that the demand and adoption of products or services incorporating noise-cancellation technology are expected to increase rapidly at a compound annual growth rate (CAGR) of 25% between the years 2020 and 2026. This growth rate indicates a strong market potential for noise-cancellation features in various industries, such as consumer electronics, automotive, aviation, and telecommunications. The increasing trend towards reducing ambient noise for better user experience, improved productivity, and enhanced comfort is likely to drive the market expansion for noise-cancellation technologies over the specified period.
The wired technology segment accounted for approximately 60% of the overall market revenue in 2019.
The statement indicates that in 2019, the wired technology segment contributed to around 60% of the total revenue generated within the market under consideration. This suggests that a significant majority of the market’s revenue can be attributed to products or services related to wired technology. This statistic highlights the dominant role that wired technology played in driving the market’s financial performance during that particular year, potentially signaling a strong preference or demand for wired technology solutions among consumers or businesses over wireless alternatives.
The U.S. held the largest share in North America regional market, accounting for over 75% of the overall market in 2019.
The statistic indicates that the United States dominated the North America regional market in 2019, representing more than three-quarters (75%) of the total market share. This suggests that the U.S. played a significant role in the economic landscape of North America compared to other countries in the region. The high market share held by the U.S. implies that American companies and industries were major players in driving economic activity and influencing market trends within North America during that period. Additionally, it indicates that the U.S. likely had a substantial impact on regional policies, regulations, and trade dynamics, further solidifying its position as a key market leader in North America.
Global shipment of headphones is expected to exceed 400 million units by 2025.
The statistic that global shipment of headphones is expected to exceed 400 million units by 2025 signifies a significant growth in the consumer market for this audio device. This projection indicates a clear upward trend in consumer demand for headphones worldwide, driven by factors such as technological advancements, increasing availability of wireless and smart headphones, and growing popularity of digital music streaming services. The expanding market for headphones presents opportunities for manufacturers and retailers to meet the evolving needs and preferences of consumers for high-quality audio experiences both for music and other forms of media consumption.
By 2026, the earbuds market size is projected to exceed USD 100 billion.
The statistic “By 2026, the earbuds market size is projected to exceed USD 100 billion” indicates that based on current trends and forecasts, the overall market revenue generated by earbuds is expected to grow significantly and surpass USD 100 billion by the year 2026. This projection suggests a robust and growing demand for earbuds, potentially driven by factors such as technological advancements, increased adoption of wireless audio products, and changing consumer preferences towards portable and convenient audio solutions. The size of this projected market reflects a substantial opportunity for businesses operating in the earbuds industry to capitalize on this growth trend and potentially capture a larger share of the market.
References
0. – https://www.www.statista.com
1. – https://www.financesonline.com
2. – https://www.www.gminsights.com
3. – https://www.www.grandviewresearch.com
4. – https://www.www.npd.com
