Registering a CAGR of 36.2% over the forecast period, the market value of True Wireless Stereo Earbuds is expected to reach US$ 305,400million in the year 2027.
True Wireless Stereo Earbuds Market Overview
The growing demand for streaming content, combined with the rapid proliferation of social media and short video apps, is expected to drive true wireless stereo (TWS) earbuds market growth in the coming years. TWS earbuds are an essential component of the smart audio device industry, and the segment is expected to grow rapidly over the forecast period. The benefits of combining multiple sensors into a single device have already been demonstrated in the industry. However, radical technological advancements, such as the development of powerful and cost-effective Bluetooth chips with longer battery life, will pave the way for market growth in the future.
The rapid spread of social media, short video apps, and rising demand for streaming content are factors that are expected to accelerate the expansion of the market for true wireless stereo (TWS) earbuds in the coming years. True wireless stereo earbuds are an important component in the production of smart audio devices. During the forecast period, the section is expected to grow at a healthy rate.
Furthermore, the COVID-19 pandemic's work-from-home mandate has accelerated demand for IT accessories, including wireless earbuds. These devices are ideal for listening to music or attending work-related conferences. Aside from features like Advanced Noise Cancellation (ANC) and wireless connectivity, TWS earbuds also include a built-in carry case charger that provides continuous use for more than 150 hours. Furthermore, Bluetooth instant pairing across a wide range of devices, IPX7 certification, and support for voice assistants such as Google and Siri are all contributing to market growth.
Some smartphone manufacturers have released wireless earbuds that are only compatible with their specific devices. Because of the rapid spread of the smart phone replacement phase, many customers have been observed spending on related accessories. Smart phone companies are likely to seize these opportunities. Infiltrations of high-pitched technology, as well as early access to newly introduced products, are a few input factors contributing to the market's expansion.
The report aspects discussed the profile of the top manufacturers of the global True Wireless Stereo Earbuds market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined True Wireless Stereo Earbuds Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in the True Wireless Stereo Earbuds Market?
The global True Wireless Stereo Earbuds includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Apple, Samsung, Huawei, Sony, Xiaomi, Jabra, JLab, Skullcandy, Edifier, Anker, Librastone, Bang & Olufsen, Sennheiser, QCY, JBL, LG, Bose, Oppo and others.
Industry News and Updates:
Huawei Introduces Several New Products HarmonyOS 2 is in charge.
June 2, 2021-- Huawe unveiled a new line of smartphones, smart watches, and tablets powered by its new HarmonyOS 2 operating system, including a new version of the HUAWEI Mate 40 Series and HUAWEI Mate X2, as well as the HUAWEI WATCH 3 Series and the HUAWEI MatePad Pro.
Huawei also unveiled the HUAWEI FreeBuds 4, its next-generation open-fit Active Noise Cancellation (ANC) wireless Bluetooth earbuds, as well as two high-end monitors, the HUAWEI MateView and the HUAWEI MateView GT, at an event. The company also announced that approximately 100 other Huawei devices, including smartphones and tablets, will be upgraded to run on HarmonyOS 2, providing consumers with a seamless intelligent experience across multiple devices in a variety of scenarios.
What are the major Applications, Types, and Regions for the True Wireless Stereo Earbuds Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
- Bluetooth 5.0
- Bluetooth 4.2
- Others
By Application, it is segmented into
- Specialty Stores
- Retail Stores
- Online
True Wireless Stereo Earbuds Market Regional Analysis
With a market share of more than 37% in 2020, North America led the global TWS earbuds market demand, closely followed by the Asia Pacific. The popularity of AirPods has helped to drive demand for TWS in North America. Several smartphone manufacturers have released wireless earbuds with specialized connectivity to their products. As smartphone replacement cycles lengthen, many consumers are seen investing in related accessories. Smartphone manufacturers are expected to seize these opportunities. High technology penetration and the early availability of newly launched products are also important factors driving the market growth.
Due to the emergence of several vendors offering feature-packed products at competitive prices, China and India are expected to lead the Asia Pacific regional market. Many Chinese and Indian vendors seek opportunities for expansion in foreign markets. Well-established vendors use their existing supply chain to increase their cross-border e-commerce sales. Furthermore, these vendors provide affordable and appealing products that appeal to a larger audience. The Asia Pacific has a large customer base and several opportunities for market growth with low entry barriers. These factors are expected to drive product sales in Asia Pacific, and the region is expected to outperform North America in terms of revenue over the forecast period.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The True Wireless Stereo Earbuds Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global True Wireless Stereo Earbuds Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our True Wireless Stereo Earbuds Market report scope?
Scope of the Report covers True Wireless Stereo Earbuds Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this True Wireless Stereo Earbuds Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes
|
Report Details
|
Report Title
|
True Wireless Stereo Earbuds Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Apple, Samsung, Huawei, Sony, Xiaomi, Jabra, JLab, Skullcandy, Edifier, Anker, Librastone
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 36.2% over the forecast period (2022-2027)
|
By Type
|
- Bluetooth 5.0
- Bluetooth 4.2
- Others
|
By Application
|
- Specialty Stores
- Retail Stores
- Online
|
By Companies
|
Apple, Samsung, Huawei, Sony, Xiaomi, Jabra, JLab, Skullcandy, Edifier, Anker, Librastone, Bang & Olufsen, Sennheiser, QCY, JBL, LG, Bose, Oppo
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
161
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this True Wireless Stereo Earbuds Report
- Evaluate True Wireless Stereo Earbuds market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
- Get a quick outlook on the True Wireless Stereo Earbuds market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The True Wireless Stereo Earbuds Market is studied from 2017 - 2027.
What is the growth rate of the True Wireless Stereo Earbuds Market?
The True Wireless Stereo Earbuds Market is growing at a CAGR of 36.2% over the next 5 years.
Who are the key players in True Wireless Stereo Earbuds Market?
Apple, Samsung, Huawei, Sony, Xiaomi, Jabra, JLab, Skullcandy, Edifier, Anker, Librastone, Bang & Olufsen, Sennheiser, QCY, JBL, LG, Bose, Oppo
What regions does this True Wireless Stereo Earbuds Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of True Wireless Stereo Earbuds Market?
Bluetooth 5.0, Bluetooth 4.2, Others
What are the major end-use applications of True Wireless Stereo Earbuds Market?
Specialty Stores, Retail Stores, Online
All our reports are custom-made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
