Earphone and Headphone Shipments Expected to Hit 336 Million in 2016
A new report by Future Market Insights (FMI) predicts that global shipments of earphones and headphones will reach 336 million units in 2016, up from 324 million in 2015. In terms of dollars, FMI said it expects the market to surpass $13 billion by the end of next year.
The FMI report segmented the global earphones and headphones market into five different categories: personal, gaming, media and entertainment, corporate, and sports. It said the demand for earphones and headphones for personal use is the highest, accounting for roughly $4.3 billion in revenue in 2014. And FMI estimates that revenue from the personal segment will surpass $5 billion in 2016.
Part of the increase in demand stems from the proliferation of music streaming devices combined with the increasing smartphone and tablet sales in Asia Pacific, the report said.