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The global earphones and headphones market by revenue is expected to grow at a CAGR of over 11% during 2020-2026.
The market is witnessing the high adoption of true wireless headphones among consumers. In 2015, Bragi introduced the concept of true wireless headphones. However, Apple launched its AirPods along with the iPhone 7, which was a grand commercial success in late 2016.
The inclusion of active noise canceling, gesture controls, haptics, and biometric monitoring features have changed the headphones market's dynamics. True wireless devices allow the user to answer calls, listen to music, and integrate with hearing aids that help people suffering hearing disorders to hear distinctly, thereby enhancing the overall hearing experience. These devices are expected to provide real-time solutions such as language translation without mobile data, which will work with any smartphone.