Earphones And Headphones Market size is expected to reach USD 163,831.2 million by 2030
Earphones And Headphones Industry Overview The global earphones and headphones market size was valued at USD 71,496.7 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030. Increasing adoption of earphones and headphones during the workout is primarily expected to drive the market growth over the coming years. Gym-goers waste 30% of their workout time chatting, tangling earphones and headphones wires along with other workout distractions, and only 40 minutes of every hour is spent on exercise. More than 25% of the people spend 10 mins in untangling their headphones. This is also expected to be a primary reason why customers will prefer wireless earphones and headphones over the coming years. Moreover, the earphones and headphones market share in India is anticipated to grow due to the increased adoption of wireless technologies such as Wi-fi, Bluetooth, augmented reality (AR), and Virtual reality (VR) among others. Gather more...