Wireless Headphones Market to Reach around $2 Billion by 2024
Arizton’s recent market research report on the earphones and headphones market in Latin America identifies Apple, Bose, Samsung, Sony, Sennheiser and Skullcandy as the leading vendors that are likely to dominate the market during the forecast period. The study includes insights on market segmentation based on product types (wired, wireless, and truly wireless), end-users (entertainment, fitness and gym, and gaming), features (smart and non-smart), types (in-ear, on-ear, and over-ear), and geography (Brazil, Mexico, Chile, Argentina, Colombia, Peru and the rest of Latin America).
The earphones and headphones market in Latin America is expected to cross $3 billion by 2024, growing at a CAGR over 10% during the forecast period.
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Hearables can seamlessly perform the function of smart wireless headphones, hearing aids, fitness tracker wearables
The earphones and headphones market in Latin America is witnessing higher demand for wireless headphones than wired and truly wireless ones. The increased penetration of the internet, growth in connected devices, and phenomenal improvement in sound quality are major factors responsible for the high demand for wireless products. Another major factor driving the growth of this segment is the increased integration of wireless headphones with home entertainment systems. Growing developments in the field of IoT (Internet of Things) and AI (Artificial Intelligence) are also strengthening the wearable infrastructure.
Wireless headphones are also known as hearables, which can seamlessly perform the function of smart wireless headphones, hearing aids, fitness tracker wearables, and speech modulations. Several global and diversified companies such as Apple, Bose, Samsung have introduced top-notch products, thereby driving the earphones and headphones market in Latin America.
Music enthusiasts are looking for high-quality earbuds, which offer a personalized listening experience
The entertainment sector is emerging as the largest end-user of earphones and headphones products in Latin America. The fast-evolving music industry and the increased music streaming services are supporting the growth of earphones and headphones market in Latin America. Music enthusiasts are looking for high-quality earbuds, which can be easily paired with smart devices and offer a personalized listening experience. Headphones manufacturers are also collaborating with several music artists to launch specifically designed headphone editions. These headphone editions are priced in the premium range; however, manufacturers continue to launch them, indicating that there is a vast untapped scope in earphones and headphones market in Latin America.
The prominent vendors of the earphones and headphones market in Latin America are Jabra, Bang and Olufsen, Motorola, Xiaomi, Huawei, Amkette, Asus, Audio-Technica, Beyerdynamic, Creative Technology, Denon, Grado Labs, Jays, Logitech, JVCKENWOOD, Panasonic, Philips, Parrot, Pioneer, Shure, SOL Republic, Turtle Beach, Urbanears, Westone Laboratories, Bragi, Nuheara, Rowkin, Crazybaby, Earin, Meizu, Waverly Labs, Mymanu, Toshiba, RHA, Mpow, Ailihen, Kensington, Arbily Tech, Dibidog, Letscom, Koss, and Goang-Fann Co Ltd.
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The complete overview of the latest market research report on the earphones and headphones market in Latin America by Arizton is now available.
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