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ResearchAndMarkets.com s offering.
The global true wireless headphones market by revenue is expected to grow at a CAGR of over 20% during 2020-2026.
The market has witnessed a paradigm shift after the launch of Apple s AirPods at the end of 2016. The sale of AirPods was substantially high and encouraged several global manufacturers to launch their own product lines. Music enthusiasts are investing in high-quality earphones and headphones that are compatible with portable devices for high-quality sound and enhanced audio experience.
In 2020, due to the outbreak of the COVID-19 virus, a temporary setback was witnessed in the headphone industry with disruption in component manufacturing and supply management as well as the closure of assembly lines across major and emerging markets. However, the market revived by June/July 2020 due to the rise in demand for headphones.
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CHICAGO, April 7, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this global true wireless headphones market report.
The true wireless headphones market is expected to grow at a CAGR of over 20% during the period 2020−2026.
Key Highlights Offered in the Report:
The global true wireless headphones market would realize an absolute growth of around 199% in terms of revenue.
Registering a high growth CAGR of over 24% between 2020-2026, the global market for smart feature true wireless headphones accounted for majority share in 2020.
Passive noise cancellation dominates the global true wireless headphones market in 2020. However, ANC is witnessing rising demand with an incremental growth of over USD 6 billion during the forecast period.
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ResearchAndMarkets.com s offering.
The true wireless headphones market is expected to grow at a CAGR of over 17% during the period 2019-2025.
The global true wireless headphones market is expected to grow at a CAGR of over 17% during the period 2019-2025. Music enthusiasts are investing in high-quality earphones that are compatible with portable devices for high-sound quality and enhanced audio experience. Mobile devices have emerged as the preferred medium for consuming online media.
Since 2010, the global smartphone market has witnessed unprecedented growth. Smartphone shipments crossed 1.5 billion in 2015 and crossed over 2.0 billion in 2019. Globalization and the increased number of mass media channels have made millennials aware of a wide range of cultures and music genres. About 49% of millennials watch videos on their mobile devices.