The global wireless earphones market is expected to reach $5.69 billion in 2025 at a CAGR of 5.2%, according to ReportLinker.
Major players in the wireless earphones market are Apple Inc., Bose Corporation, Sony Corporation, Koninklijke Philips, Sennheiser Electronic, Samsung Group, LG Electronics, Skullcandy, Panasonic Corporation, Plantronics Inc., Shure Incorporated, Japan Victor Company (JVC), One Plus Technology Co. Ltd., Logitech International S.A., Harman International Industries Inc., Zebronics India Pvt. Ltd., Motorola Solutions Inc., HTC, Nokia, LG Electronics, and Fujikon Industrial Holdings Ltd.
The wireless earphones market consists of sales of wireless earphones by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing wireless earphones. Wireless headphones are connected to a device such as a computer, television, stereo speaker, smartphone, gaming console, and other electronic devices without using a cable or wire.
Wireless earphones transmit audio signals through radio or IR (infrared) signals, depending on the device. They connect to the device via Bluetooth technology and Wi-Fi.
Only goods and services traded between entities or sold to end consumers are included.
The main types of wireless earphones are in-ear, neckband, and TWS (True Wireless Stereo) and are connected by Wi-Fi and Bluetooth. They are used in music and entertainment, sports and fitness, gaming and virtual reality and are available at hypermarkets/supermarkets, multi-branded stores, exclusive stores, and online channels.
North America was the largest region in the wireless earphones market in 2020. Asia Pacific is expected to be the fastest-growing region in the forecast period.
A rising preference for wireless devices connected with the improved use of smart technology is predicted to fuel demand for wireless earphones over the forecast period. The rapid technological advancements in portable consumer electronic goods including earphones are witnessing significant innovations leading to vast transformation in sound output, appearance, connectivity, and portability.
The surge in affordability of wireless connectivity and the introduction of new variants with value-added features are shifting customers towards wireless earphones. According to the Cellular Telecommunications Industry Association (CTIA), around 80% of customers think that wireless services are a necessity.
In addition to this, approximately 5.1 billion people are using mobile worldwide and 89% of people prefer to keep their smartphones within their reach globally. Thus, the growing preference for wireless devices along with increased use of smart technology is expected to drive the growth of the wireless earphones market.
Technology advancements are a leading trend gaining popularity in the wireless earphones market. Major players operating in the market are continuously focusing on technological innovations to meet customer’s requirements and expand the company’s customer base.
For instance, in August 2020, Sony introduced the WF-1000XM3 true wireless earphones with active noise cancellation in India. These earphones were launched globally in 2019.
Sony WF-1000XM3 comes with a proprietary QN1e processor for active noise cancellation. The earphones have 6mm, dynamic drivers, a frequency response range of 20Hz to 20,000Hz, Bluetooth 5.0 for connectivity, and support for the SBC and AAC Bluetooth codecs.
