As technology advances, we enter an era where game-changing products are introduced every day. Headphones are one of the most useful wearables that have a huge market. From wired headphones to wireless ones, the market is huge with demand from youngsters, teenagers, gamers, call-center representatives, businesses, and many more users as well. This is one reason why the headphone industry has grown substantially over the past few years. Let’s evaluate the headphone market through different types of graphs.
Unit Shipments of Headphones Worldwide From 2013 and 2020
The headphones market is a global one with many large-scale players importing and exporting them. In a time of 7 years only, the unit shipments of headphones increased by almost double which shows that there has been a quite high demand for headphones and this is one of the fastest-growing industries as well. In 2013, there were 286 million units shipped worldwide which had a gradual increase to 380.7 million units by 2018. The market then saw a steep growth and reached 445 million units in 2019. By 2020, this figure reached 549 million units which are almost double the initial value.
Size of the Smart Headphone Market in the USA from 2014 to 2022 (In Million Dollars)
As stated earlier, headphones have evolved in different ways over the past few years. While wired technology is still used in a lot of headphones, developed countries are having a higher demand for wireless headphones. The market of wired headphones has grown gradually but the wireless headphones market has grown exponentially. In 2014, the market for wired headphones within the USA was $90 million which has increased to $285 million in 2022, more than 3 times the initial amount. On the other hand, the wireless headphones market in the USA has increased from $565 million in 2013 to $2540 million in 2022 which is about 5 times the original value.
Most Used Headphone Brands in the US in 2021
While there are many brands of headphones that operate within the USA, the market is dominated by 5 large players. 31% of the headphones used in the US as of 2021 were from Apple followed by beats having a 15% share. Bose, Sony, and Samsung are in tough competition with 13%,12%, and 11% share, respectively. JBL and Skullcandy are also close with 10% and 9% share, respectively. Other headphone brands account for a lesser usage which includes LG, Panasonic, Anker, Phillips, Marshall, Jaybird, Audio-Technica, Sennheiser, and others as well.
Types of Headphones Owned in the US in 2017
As the technology is improved on a day-by-day basis, there are multiple variants of one single product and this is seen in the case of headphones as well. There are mainly four different types of headphones sold in the market. These include Over-Ear, Earbuds, In-Ear, and On-Ear. 49% of people said that they have either an over-ear headphone or an earbud with them. 38% said that they use In-Ear headphones while 23% said that they use On-Ear headphones. 1% said that they don’t own a headphone.
Top Headphone Brands in the World by Revenue in 2017
The headphone market has increased drastically after 2019. However, even before this, the market was quite huge and valued at $11 billion. A 7% CAGR is expected as well. Unlike 2021, Apple was not at the top of the headphone market in revenue in 2017. In fact, the market was dominated by JBL and Phillips had $20 billion and $18 billion, respectively. Small players in this market include Bose ($3 billion), Beats ($2 billion), Sony ($1.5 billion), Sennheiser ($0.8 billion), Panasonic ($0.7 billion), SkullCandy ($0.3 billion), Creative ($0.12 billion), and Grado Labs ($0.012 billion).