Growing music industry and increasing retail expansion is aiding to the growth of North America professional headphones market
Arizton’s recent market research report on the global professional headphones market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by product type (over-ear, in-ear, and on-ear), connectivity types (wired and wireless), operating principle (close back and open back), end-use (studio & recording, live events and performances, and others), distribution channels (retail stores and online store), and geography (APAC, Europe, Latin America, MEA, and North America).
The professional headphones market is expected to grow at a CAGR of over 5% during the period 2018–2024.
With the growth in the music production equipment market, the demand for professional headphones will also increase. The advancements in the audio technologies and incorporation of high-quality materials allows professional headphones to be effectively used in core tasks of recording, mixing, tracking, and monitoring.
The professional headphones market is divided into six major segments –product type, connectivity type, operating principle, end-use, distribution channels, and geography.
In-ear professional headphones are growing at the highest CAGR during the forecast period
In-ear professional headphones have the largest user base in the global headphones market. The major feature is their ability to block the outside noise, by virtue of the design. The reason for the high market penetration of the in-ear headphones segment is the greater portability in wearing despite the relatively higher price point. The model is highly popular among musicians and artists who actively need to stay in sync with the other performers and band members but simultaneously need to eliminate the resonating sounds in studio or the crowd roar during concerts and live performances. The in-ear professional headphones have been developed in a way to effectively house multiple drivers to deliver high-quality sound signature to the professional users.
Studio & recording segment occupies more than half of the professional headphones market by revenues
Professional headphones remain crucial in studio & recording applications, owing to the need for the singer, engineers, mixing, mastering, referencing, monitoring, and producing to record the song at an optimal sound level. The role of professional headphones comes into play by cutting down external voice/noise and enabling the singer and other production team members to listen to the correct note. Streaming has remained one of the key growth drivers for the global recorded music industry. Companies are investing upon various technological innovations such as the professional headphones in order to enhance music quality and customer experience to the end-users.
North America holds the largest segment in the global professional headphones market
In 2018, North America held for a market share of over 30% in terms of revenue. The penetration of professional headphones remains all-time high in the US and Canada. North America is the largest market for professional headphones due to its growing music industry, increasing live music shows & activities, and increasing retail expansion. The major reason for the growth in adoption is growth in demand for concerts and music recordings. A strong streaming growth is backing up the demand for quality music across the region. Factors such as high spending power of the millennials and boomers, growing participation in music festivals, increased adoption of smartphones, inclination toward new technology, and high urbanization are driving the growth of the professional headphones market in North America.
Audio-Technica, Sennheiser, and Shure are identified as prominent vendors in the professional headphones market.
The complete overview of the latest market research report on the global professional headphones market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.
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