Earphones Market 2016 Projection with Top 10 Companies Reviewed - TMR Research
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Using earphones at a high volume level may lead to permanent or temporary hearing damage or deafness. The sound volume has to compete with nearby background noise, especially in places such as subway, railway stations, aircraft, as well as in large crowds. Some portable music devices manufacturers have tried to introduce safety circuits in order to limit the output volume and warn the user when the volume used is at dangerous level. However, this concept has been rejected by majority of public who favor their personal choice of volume.
Earphones exhibit high consumer adoption rate during workouts, travelling, etc. which has escalated their demand in the recent years. Other factors such as rising disposable income, products integrated with enhanced noise annulment capabilities may swell the earphones market demand during the forecast period. Further, earphone market is composed for high growth owing to its short replacement cycle, which is attributed to growing consumer needs, functionalities and loss or damage. The use of portable music systems, such as tablets, smartphones and handheld music players, is significantly growing in the market which in turn, is driving the market for earphones currently. In the recent years, various technological advancements in earphones have led to minimizing of the overall size and weight of earphones. The key developments in wireless technologies such as bluetooth, Wi-Fi, Infrared (IR) and SKAA are expected to further increase the growth of the earphone market. The demand for earphones is strong in corporate sector, mainly in the expanding call center industry. The growing adoption of VOIP services for video conferencing is also behind the increasing demand for earphones from the corporate sector. Proliferation of various e-commerce websites, along with competitive pricing is further anticipated to swell the sales of earphones via online store during the coming years.
The major participants in the global earphone market include companies such as JVC Corporation, Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Apple Inc., Harman International Industries, GN Netcom A/S (Jabra), Plantronics Pty Ltd., Audio-Technica Corporation, and Philips Electronics Ltd.
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