The Global Wireless Earbuds market size is expected to reach USD 14.23 billion by 2028 at a CAGR of 15.2%, according to a new report by Emergen Research.

Escalating number of smartphone users around the world and increased consumer spending on electronic gadgets are expected to bolster market growth

Growing popularity of live streaming services and rising interests in podcasts and audiobooks have further driven demand for wireless earbuds. Rising awareness of health & fitness and growing use of wearable health gadgets such as fitness bands are other key factors propelling market growth.

The extensive analysis covered in the report offers insights into the estimated growth of the market during the forecast timeline. The report estimates the CAGR at which the market is expected to grow throughout the forecast timeline of 2020-2028.

The analysis is done on the basis of the authentic and relevant information obtained from in-depth primary and secondary research. Additionally, the factors expected to drive or restrain the growth of the market are studied extensively in the report.

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Some Key Highlights From the Report

• Based on application, the music & entertainment segment is the fastest-growing segment in the global wireless earbuds market. The segment is projected to register the highest CAGR over the forecast period, owing to factors such as growing demand for high-end entertainment devices with enhanced audio and noise cancellation features, increasing number of smartphone users, and growing inclination towards live music streaming and podcasts.
• Among distribution channels, the online platforms segment is expected to reach the highest revenue share over the forecast period, owing to the significant rise of the e-commerce industry, rising trend of online shopping, and growing availability of wireless earbuds on leading e-commerce platforms such as Amazon, Flipkart, and Walmart, often at discounted prices.

For the purpose of this report, the global wireless earbuds market is segmented on the basis of application, end-use, distribution channel, and region:

• Application Outlook (Revenue, USD Billion; 2018-2028)
  • Fitness
  • Gaming
  • Music & entertainment
  • Virtual Reality
• End-use Outlook (Revenue, USD Billion; 2018-2028)
  • Commercial
  • Consumer
  • Others
• Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
  • Online platforms
  • Offline retail stores

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Elements analyzed in the report:

The Global Wireless Earbuds Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies.

Regional Analysis of the Wireless Earbuds Market includes:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In 2020, North America was the most dominant of all regional markets in the global wireless earbuds market in terms of revenue. Market growth in this region is attributed to rising adoption Alexa or Siri-compatible smart home devices, increasing indulgence of the youth in online gaming and other entertainment activities, rising demand for wireless earbuds among tech-savvy consumers, and increasing use of these devices during fitness activities or outdoor sports. The presence of leading brands including Bose, Apple, and Beats Electronics in the region is another major factor accounting for the North America market growth.

Radical Highlights of the Wireless Earbuds Market Report:

• Study of the latest product launches and technological advancements to help the readers in formulating investment strategies
• Focus on market scenario, dynamics, and trends to be expected in the coming years
• Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis
• Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
• Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as M&A activities, revenue, market positions, market share, global position, and financial standing
• Accurate 8-year forecast analysis for the growth of Wireless Earbuds market
• Extensive analysis of market drivers, restraints, growth prospects, opportunities, threats, and limitations

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