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Multiple Applications of Headphones to Create Opportunities for the Global Smart Headphones Market Through 2020, Reports TechnavioTechnavio analysts forecast the global smart headphones market to grow at a CAGR of over 19% during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global smart headphone market for 2016-2020. The report also lists wired and wireless headsets as the two main market segments with the wireless segment accounting for over 71% of the total market share in 2015. "The major difference between wired and wireless headsets is the modes of receiving the audio signal. Wired headsets use a direct cable because of which the receiver and the source are in physical contact while wireless headsets use radio frequency to transmit the audio signal," says Ujjwal Doshi, a lead analyst at Technavio for consumer electronics research. Technavio analysts highlight the following four factors that are contributing to the growth of the global smart headphones market:
Growth in the headphone replacement market With the quality of musical accessories increasing worldwide, companies are innovating and marketing high-quality accessories, the smart headphones being one of the key accessories. This enables consumers to be in-line with the latest technological trends in the global smart headphones market. Technologies such as noise cancellation, sound retrieval system (SRS), extra bass, and Dolby digital sound provide an enhanced listening experience to consumers. During the forecast period, Technavio predicts that consumers will prefer technologically advanced wireless headphones to traditional wired headphones. In 2015, digital theatre sound (DTS (News - Alert)), an audio technology developer, included its trademark DTS technology in Headphone X to recrate the sound of speakers in a closed room. This is aided by the availability of technologically advanced headphones, which is likely to drive the global smart headphones market during the forecast period. Popularity of sports headphones The biometric sports tracking headphones have grown in prominence since their inception. These headphones have the features of tracking the heart rate, distance covered, and calories burnt. Despite there being no shortage of heart rate monitors in the market, for many users, headphones are a part of their training gear. Also, adding a smart heartrate sensor only enhances the application of these headphones. For instance, Jabra's Sport Pulse (News - Alert) headphones track physical activities and calories burnt. Kuai are developing headphones which can monitor heartrate, detect speed, calories burnt along with live voice coaching from former Olympic winners for athletes. These are in-ear biometric innovations which are expected to foster the market growth of smart headphones during the forecast period. Growing prominence of connected headphones The headphones market is experiencing rapidly growing innovations such as connected headphones. Vendors like Muzik are developing headphones integrated with social media. These headphones can share songs that a user is currently playing on the user's social media account. Capitalizing on this feature, Twitter (News - Alert) has invested in Muzik, a startup that makes connected headphones. These headphones give users the ability to share audio clips on social networks. Vow headphones also help users connect with music streaming services such as Pandora (News - Alert) and Dublin Radio, and allow them to chat with their friends who are using the same headphones. Soundsight Mobile is developing a headphone technology that allows video recording with editing and mixing of music along with the option of sharing the video online. Multiple applications of headphones The applications of headsets are increasing, which provides vendors with substantial opportunities to innovate. Mobile devices are increasingly being used while working out for varied applications. Different applications have a different type of headsets like sports headset and Bluetooth. The emergence of wireless headsets is a result of vendors trying to improve the aesthetic appeal of the product. Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160628005118/en/ |
