The Smart Headphones Global Market Report 2022 is out. And it gives marketers, strategists, and senior management some critical information that will help them to assess the market.
It also gives us, the consumers, some insight into how well the market is doing and what its future can be. That said, the main highlight of the report is that the market is expected to grow from $7.68 billion in 2021 to $9.27 billion in 2022.
And its expected compound growth rate (CAGR) will be 20.7%. And in 2026, the market is expected to grow to $21.33 billion at a CAGR of 23.2%.
The major players leading the Smart Headphones Global Market are Sony Corporation, Samsung Electronics Co. Ltd., Skullcandy Inc., Apple Inc., Bose Corporation, Sennheiser Electronic GmBH & Co.KG, Bragi, Koninklijke Philips N.V, Jaybird, Jabra, Huawei Device Co., Pioneer Corporation, and Harman International Industries GMBH.
Other than that, Smart Headphones Global Market has sales of smart headphones by entities that offer multiple smart features.
That includes noise cancellation, voice commands using a digital assistant, transparency mode, fitness tracking, and touch-based controls.
All the smart headphones come with built-in computing power and connect with Bluetooth technology. They also have built-in sensors that help track the user’s movements and vitals.
From Smart Headphones Global Market Report 2022, we also got to know about the regions with the most significant smart headphones market.
In 2021, that was North America. And the other areas covered in the report are Western Europe, Asia-Pacific, Eastern Europe, North America, Africa, the Middle East, and South America.
The rising penetration of smart devices, according to the Smart Headphones Global Market Report, is expected to propel the market’s growth in the future.
This rising penetration will be driven by smart TVs, tablets, streaming media players, and other multimedia devices.
Besides, the report shed light on the technological advancements that are shaping the market. Most of the big players are developing their smart headphones with state-of-the-art technologies.
That includes better virtual assistants, gesture recognition, and noise suppression. For example, Philips launched wireless headphones in March 2022, which came out with advanced active noise control technology.
There’s another excellent example in the Smart Headphones Global Market Report. It’s about HP, which acquired Poly for $3.3 billion.
HP now aims to diversify its hybrid work offerings, including video conferencing headsets and hardware. And it became possible for that acquisition.
Slava is a man of mystery and no-one seems to know exactly where he is at any point in time. When he isn't enjoying writing about all things audio and technical he can be found researching his next project of interest. The man never rests.