Earphone And Headphone Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
The global earphone and headphone market is estimated at US$ 22.3 Bn in 2022, and is projected to close in on a valuation of US$ 35.2 Bn by 2028, expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period. Earphone and Headphone Market – Key Research Findings The global earphone and headphone market was valued at approximately US$ 16,388 Mn in 2018 The earphone and headphone market is projected to expand at a CAGR of approximately 8% during the forecast period (2018-2028) The continuous launches of advanced earphones and headphones, which includes waterproof earphones, are among factors that are expected to support the growth of the global earphone and headphone market during the forecast period Europe is a prominent regional market for earphones and headphones as of 2018 Growing trend of mobile shopping, e-banking, and Bring Your Own Device (BYOD) is also driving the demand for smartphones and tablets across the globe, which is, in turn, boosting the growth