A new research report titled, “Wireless Stereo Headphone Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global wireless stereo headphone market is likely to grow at a CAGR of 7.6% in terms of volume during the assessment period. The report projects total sales of wireless stereo headphones to reach over 237 thousand units by the end of the forecast period.
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According to the report, growing preference for wireless consumer electronics is impacting the headphone industry as well. Ease of use and convenience continue to be the key trends that are impacting the demand for wireless stereo headphones globally. In addition to these factors, demand for wireless stereo headphones is also being shaped by the fashion trend of sporting a wireless headset. The popularity of these headsets among the youth is likely to create growth opportunities for manufacturers during the assessment period.
On the basis of operating type, wireless stereo headphones developed for Android operating systems are likely to outsell the iOS variants. The wireless stereo headphones developed for Android systems are cheaper than the iOS variants. Further, owing to a larger consumer base for Android users, demand for headphones developed for these operating systems is likely to witness an increase. According to the report, by the end of 2026, nearly 80% of wireless stereo headphones in the market will be Android based.
The report also offers detailed analysis and insights on the key distribution channels in the market. Multi-brand stores continue to be the leading distribution channels for wireless stereo headphones market, whereas demand is also increasing at a brisk pace through online stores. The report projects sales of wireless stereo headphones through online channels to grow at a brisk pace during the assessment period.
North America continues to be a lucrative market for wireless stereo headphones globally. The demand for wireless stereo headphones in North America is likely to remain concentrated in the US, where spending on consumer electronics continues to witness an increase owing to improving confidence in the economy. The region is also prominent, as it is home to many leading manufacturers around the globe.
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In addition to North America, Asia Pacific is another key market for players around the globe. The demand for wireless stereo headphones in Asia Pacific is likely to witness an increase on account of growing smartphone industry in China and India. These two countries have witnessed significant growth in the consumer electronics industry, especially in the smartphone segment. Owing to this, the manufacturers are prioritizing their business and product strategies in this region.
The report also sheds light on the key companies operating in the market. According to the report, Eartone, Siemens Healthcare, Sonova Holding AG, MED-EL, Cochlear, Sivantos Pte. Ltd., Beltone, GN ReSound, Persona, William Demant Holding A/S, Miracle Hearing Aid Clinic, Shenzhen Sunsky Technology, Union Hearing Aid Centre, Starkey Hearing Aids, Medtechnica Orthophone, Widex A/S, and GN Store Nord A/S.
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