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Bluetooth Headphones Market Size

Report ID: GMI4567
Published Date: Feb 2020
Report Format: PDF

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Bluetooth Headphones Market Size

Bluetooth Headphones Market size surpassed USD 60 billion in 2019 and is poised to grow at a CAGR of over 10% between 2020 and 2026. The growing penetration of smartphones and shifting consumer preferences toward high fidelity audio sound will boost the market revenue.

Consumers are increasingly embracing new features, such as noise cancellation and better connectivity range, augmenting the market demand. Bluetooth headphones are also offering better comfort to users using better materials and compact weight.

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Competitive pricing, changing technological landscape, and increasing threat of counterfeit products are the key factors hindering the market growth. Bluetooth headphone vendors are strengthening their distribution channels and devising new marketing strategies to expand their market presence.

Bluetooth Headphones Market Report Attributes
Report Attribute	Details
Base Year:	2019
Bluetooth Headphones Market Size in 2019:	USD 60 Billion
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	10%
2026 Value Projection:	USD 120 Billion
Historical Data for:	2014 to 2018
No. of Pages:	280
Tables, Charts & Figures:	369
Segments covered:	Type, Distribution Channel and Region
Growth Drivers:	Technological advancements in wireless Bluetooth headphones Growing demand for smartphones Increase in purchasing power Growing focus on sports and fitness
Pitfalls & Challenges:	Unorganized sector

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of bluetooth headphones surpassed USD 60 billion in 2019.

The industry share of bluetooth headphones is poised to grow at a CAGR of over 10% between 2020 and 2026.

According to this forecast report by GMI, the North America market revenue is estimated to reach USD 34 billion by 2026 driven by presence of numerous established market players such as Apple, Plantronics, Bose Corporation, and Bowers & Wilkins.

The earbuds segment held a major share in the market with over 75% in 2019 and is expected to continue its dominance till 2026 owing to rising uptake of earbud earphones for better comfort, high fidelity audio, and true wireless features.

The UK market is expected to witness a steady growth through 2026 due to increasing use of high-quality audio systems coupled with technological advancements in wireless technology.