The global market for Wireless Headphones is projected to reach US$9.1 billion by 2025, driven by the astounding rise in smartphone ownership supported largely by technology usage rates in emerging economies. Access to 4G is today almost ubiquitous in both developing and developed countries. Smartphone penetration has virtually hit saturation in developed countries. Taking the United States as a case in point, the number of smartphone users in the country in the year 2019 was an estimated 270.3 million, and when juxtaposed with the country’s population at 329. 8 million shows a penetration rate of over 82%. In developing countries, penetration rates are continuing to grow at robust double digit rates supported by falling mobile voice and data tariff rates; robust investments in 4G mobile networks; falling semiconductor prices and declining cost of smartphones; rising popularity of ultra-low cost smartphones; rapidly evolving app ecosystem; and digitalizing of lifestyles. Wireless headphones, also known as stereo Bluetooth headphones offer numerous benefits such as freedom from wired clutter; eliminates the hassles of needing auxiliary input cables to output audio; superior quality streaming sound provided by new generation Bluetooth chips; and low battery power consumption, among others. Read More…
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