The global wireless earphone market size is expected to gain momentum owing to the technology upgrade during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Wireless Earphone Market, 2024-2032.” Technology is a significant driving force in the market with different kinds of electronic products such as earbuds and headsets. Rising awareness regarding the availability of different types of consumer wearables with changing trends and increasing demand for smartphones and laptops is increasing the market expansion. For instance, according to the data presented by the International Monetary Fund, in 2019, 1371.1 million units of smartphones were shipped across the globe.

Information Source: https://www.fortunebusinessinsights.com/wireless-earphone-market-104650

Top Company in the Wireless Earphone Market

• Apple Inc.
• Philips Koninklijke
• Bose Corporation
• Sony Corporation
• The Samsung Group
• Sennheiser Electronics
• Skullcandy
• Zevva Electronics
• Harman International

COVID-19 Impact

Detrimental Impact of Covid-19 on Luggage Industry

Due to the current spread of the COVID-19 virus, work-at-home and entertainment-in-place have become the norm for many households, causing a surge in earbud demand. Consumer expectations for sophisticated capability will not change due to this new demand. Therefore device manufacturers must continue to emphasize app development and software updates to improve the user experience.

Segments

By technology, the market for wireless earphone is segmented into Bluetooth, wi-fi, near field communication, and others. On the basis of application, the market is segregated into entertainment & music, gaming & virtual reality, and fitness. On the basis of distribution channel, the market is categorized into specialty stores, online stores, brand stores, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

What does the Report Offer?

This report provides an analytical representation of the wireless earphones, current trends, and future projections to identify potential investment areas. The research includes data on major drivers, constraints, and opportunities and a thorough market share analysis. Market growth and profit rate, volume, manufacturing usage, and gross profit margin, shipping information, and other relevant elements are all included in the report.

Drivers & Restraints