Technology

Wireless Headphones Market size is set to grow by USD 21.03 billion from 2024-2028, increasing penetration of smart devices boost the market, Technavio

Published

3 months ago

June 19, 2024

NEW YORK, June 19, 2024 /PRNewswire/ — The global wireless headphones market size is estimated to grow by USD 21.03 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 16.83% during the forecast period. Increasing penetration of smart devices is driving market growth, with a trend towards ingress protection (IPX)-certified wireless headphones. However, high price of wireless headphones poses a challenge. Key market players include AIAIAI ApS, Alphabet Inc., Apple Inc., beyerdynamic GmbH and Co. KG, Bose Corp., Creative Technology Ltd., FKA Distributing Co. LLC, GN Store Nord AS, Imagine Marketing Pvt. Ltd., JVCKENWOOD Corp., Koninklijke Philips N.V., Logitech International SA, Nexxbase Marketing Pvt. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Skullcandy Inc., Sony Group Corp., and Xiaomi Communications Co. Ltd..

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Wireless Headphones Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.83%

Market growth 2024-2028

USD 21030.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.01

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 32%

Key countries

US, UK, Germany, China, and Japan

Key companies profiled

AIAIAI ApS, Alphabet Inc., Apple Inc., beyerdynamic GmbH and Co. KG, Bose Corp., Creative Technology Ltd., FKA Distributing Co. LLC, GN Store Nord AS, Imagine Marketing Pvt. Ltd., JVCKENWOOD Corp., Koninklijke Philips N.V., Logitech International SA, Nexxbase Marketing Pvt. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Skullcandy Inc., Sony Group Corp., and Xiaomi Communications Co. Ltd.

Market Driver

The global wireless headphones market is experiencing growth due to the demand for IPX-certified devices. Manufacturers are responding by producing sweat-proof and water-resistant models with removable and washable ear pads. These headphones carry IPX ratings, which indicate their level of protection against dust and water. For instance, an IPX7-rated product is both dust-tight and water-resistant to high-pressure sprays. The availability of water-resistant earphones and headphones, particularly sports models, is expected to boost market growth during the forecast period.

The wireless headphones market is experiencing significant growth with various brands and models releasing new technologies. Loops, Musics, and Mart are key players in this industry. They offer features such as noise cancellation, long battery life, and seamless connectivity. Radios and Frequencies are essential components in wireless headphones, ensuring proper functioning and high-quality sound. The trend towards lighter and more comfortable designs is also evident, with Sund and Products focusing on this aspect. Additionally, adaptive technology and personalized settings are becoming popular features in wireless headphones. Overall, the wireless headphones market is thriving, with innovations and advancements continually shaping the industry.

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Market Challenges

The global wireless headphones market is experiencing price growth due to technological advancements and consumer demand for additional features. High-end premium wireless headphones are priced steeply, potentially hindering adoption in developing countries. Vendors offer these products at high prices, with sports and fitness headphones also commanding a premium. This pricing trend may negatively impact market growth during the forecast period.The wireless headphones market faces several challenges. One key challenge is ensuring consistent connectivity and minimizing interference. Adaptive frequency technology and Bluetooth 5.0 are attempts to address this issue. Another challenge is battery life. Long-lasting batteries are essential for uninterrupted use. Additionally, comfort is crucial for consumer satisfaction. Lightweight designs and adjustable ear cups are important considerations. Cost is also a challenge, as consumers seek affordable options without compromising quality. Competition from wired headphones and other audio devices adds to the market complexity. Producers must innovate to differentiate their products and meet consumer demands.

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Segment Overview

This wireless headphones market report extensively covers market segmentation by

Application 1.1 Music and entertainment1.2 Gaming1.3 Fitness1.4 Virtual realityProduct Type2.1 On-ear wireless headphones2.2 In-ear wireless headphones2.3 Over-ear wireless headphonesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Music and entertainment- The wireless headphones market is experiencing significant growth due to their ability to offer privacy and superior sound quality. Music culture and entertainment are key drivers, with streaming services expanding subscriber bases and AI-enhancements improving audio experience. Product advancements like active noise cancellation (ANC) and near-field communication (NFC) provide consumers with enhanced listening experiences. These factors are expected to boost the market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The wireless headphones market continues to evolve, with various headphone types, such as over-ear and in-ear, utilizing advanced technologies like Bluetooth, Infrared, and Radio Frequency for device application. These headphones offer functionality beyond traditional audio playback, including Ingress Protection, noise cancellation through Active noise-canceling units, and even customization options. Wi-Fi connection and AI-assisted noise separation are emerging features enhancing user experience. Consumers are increasingly spending on electronic devices with advanced functions, driving the demand for wireless headphones. Production facilities worldwide are dedicated to manufacturing these innovative headphones to cater to the growing market.

Market Research Overview

The wireless headphones market is a rapidly growing segment in the consumer electronics industry. These devices offer convenience and freedom of movement, making them popular among consumers for various applications such as music listening, gaming, and video conferencing. The market is driven by advancements in Bluetooth technology, which enables seamless connectivity and high-quality audio transmission. Additionally, the increasing popularity of streaming services and the shift towards remote work are fueling the demand for wireless headphones. Features like noise cancellation, long battery life, and customizable fit are also key factors influencing consumer preferences in this market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationMusic And EntertainmentGamingFitnessVirtual RealityProduct TypeOn-ear Wireless HeadphonesIn-ear Wireless HeadphonesOver-ear Wireless HeadphonesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

SK hynix Applies CXL Optimization Solution to Linux

Published

55 mins ago

September 23, 2024

HMSDK, a proprietary memory control solution lauded for its performance, is now available on Linux, the world’s largest open source operating systemHMSDK optimizes performance between heterogeneous memories, increasing bandwidth by 30% and performance by over 12%The company will foster the ecosystem by increasing software competitiveness as well as AI memory such as HBM

SEOUL, South Korea, Sept. 22, 2024 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that the key features of its Heterogeneous Memory Software Development Kit (HMSDK)1 are now available on Linux2, the world’s largest open source operating system.

1Heterogeneous Memory Software Development Kit (HMSDK): SK hynix’s proprietary software development kit. It enables effective memory control, improving the performance of heterogeneous memory systems such as CXL memory.

2Linux: An operating system developed in 1991 by Linus Torvalds that has since expanded to become the world’s largest open source operating system. Most operating systems for cloud systems and supercomputers, as well as smartphones, cars, and appliances, are built on Linux.

HMSDK is SK hynix’s proprietary software for optimizing the operation of Compute Express Link (CXL)3, which is gaining attention as a next-generation AI memory technology along with High Bandwidth Memory (HBM). Having received global recognition for HMSDK’s performance, SK hynix is now integrating it with Linux. This accomplishment marks a significant milestone for the company as it highlights the company’s competitiveness in software, adding to the recognition for its high-performance memory hardware such as HBM.

3Compute Express Link (CXL): A next-generation interface that efficiently connects CPU, GPU, memory, and other components in high-performance computing systems to support massive, ultra-fast computation. By applying CXL to existing memory modules, the capacity can be expanded by more than 10 times.

In the future, developers around the world working on Linux will be able to use SK hynix’s technology as the industry standard for CXL memory, putting the company in an advantageous position for global collaboration on next-generation memory.

SK hynix’s HMSDK enhances memory package’s bandwidth by over 30% without modifying existing applications. It achieves this by selectively allocating memory based on the bandwidth between existing memory and expanded CXL memory. Additionally, the software improves performance by more than 12% over conventional systems through optimization based on access frequency, a feature which relocates frequently accessed data to faster memory.

The semiconductor industry anticipates full commercialization of CXL in the second half of 2024, coinciding with the release of the first server CPUs featuring the “CXL 2.0” specification. In preparation for this, SK hynix is currently validating CXL 2.0 memory in 96 GB and 128 GB capacities with customers. The company plans to begin mass production by the end of the year.

“For the development and spread of AI systems such as large language models (LLMs), it is now necessary to significantly improve not only semiconductors but also the level of system applications to support them,” said Youngpyo Joo, Head of Software Solution at SK hynix. “With this Linux integration and collaboration, we will strive to improve our status as a total AI memory solutions provider by innovating technologies and expanding the ecosystem in this field.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”), and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

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SOURCE SK hynix Inc.

Technology

TeraBox Is Set to Provide Premier Cloud Storage Solutions to Top Indonesian University Faculty and Students

Published

55 mins ago

September 23, 2024

Transforming Classrooms: TeraBox’s 1TB Free Cloud Storage Becomes Essential for Educators and Students

TOKYO, Sept. 23, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, also a favored cloud storage solution among Indonesian users, held its first large-scale campus event at prominent Indonesian universities such as University Diponegoro, Universitas Indonesia, and Institut Teknologi Sepuluh Nopember. The company hosted numerous offline events, attracting interactions from more than 30,500 students and teachers, and handed out 85,000 flyers. Event videos posted on the universities’ official Instagram and YouTube accounts received tens of thousands of views. TeraBox looks forward to deepening its collaboration with academic institutions to offer innovative cloud storage solutions for students.

In an era where digital resources are integral to academic success, TeraBox is committed to becoming an essential tool for students, providing a secure and efficient way to save and share curriculum files and materials, simplifying file management. By offering a massive 1TB (1024GB) of free cloud storage space per account, TeraBox alleviates the challenges of managing extensive educational materials, such as e-books, digital textbooks, learning notes, and experimental data in the new semester to come. Furthermore, TeraBox enhances productivity by enabling students to engage in online assignments and collaborative projects, fostering sharing, collaboration, and communication among students and between students and teachers. TeraBox not only addresses issues related to insufficient memory on devices like smartphones and laptops, but also significantly boosts efficiency in data management in an environmentally friendly manner.

Understanding the need for seamless collaboration, TeraBox features user-friendly sharing options that allow students and faculties to create links with just one click. This facilitates easy sharing of multiple files simultaneously, which can greatly improve collaborative efforts among peers. Whether accessing files from mobile devices or desktops, students can manage their documents effortlessly anytime and anywhere. Feedback from offline surveys reveals that many users in Indonesia are impressed with TeraBox’s offering of 1TB (1024GB) of free storage space. This generous storage not only meets the needs of university students for sharing various social and lifestyle content but also eliminates the necessity of creating multiple accounts with other storage services to fulfill their storage requirements.

As of July 2024, TeraBox boasts over 320 million registered users worldwide, with more than 20 million active daily users across over 231 countries and regions. The platform ensures top-tier security by employing advanced measures such as TLS/SSL protocols, encryption algorithms, and access controls. TeraBox is accredited with ISO standards (ISO 27001/27701/27018) certifications to protect the safety of data storage and transmission. These technologies also guarantee the stored and transmitted information is safe through client-side endpoint encryption within a large-scale distributed system architecture.

About TeraBox

TeraBox, developed by Flextech Inc., is a globally trusted cloud storage app headquartered in Tokyo, Japan. With a focus on intelligent, efficient, and secure cloud storage, TeraBox is dedicated to providing users with innovative and user-friendly solutions for their data storage needs. Download the TeraBox App on Android, iOS, Linux, Mac, and Windows devices, or visit www.terabox.com for online access. To learn more about the fantastic Referral Program, please visit the provided site.

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SOURCE Flextech Inc.

Technology

Elmo Motion Control Exhibiting at Industrial Automation Show in Shanghai, China

Published

55 mins ago

September 23, 2024

Elmo brings live demonstrations to present the power of motion to Hall 5.1 in Booth E181.

PETAH TIKVA, Israel, Sept. 23, 2024 /PRNewswire/ — Elmo Motion Control, a global technology leader in motion control solutions, announces its participation at the annual IAS (Industrial Automation Show) exhibition at NECC in Shanghai, China, from September 24 to September 28. At the show, Elmo will display the Platinum line of servo drives, which include fully certified Functional Safety capabilities in small yet powerful packages, and conduct live demonstrations.

Elmo’s featured demonstrations will include an operating customer XYZT stage dynamic demo with four-axis movement controlled by a single multi-axis servo drive – the Platinum Quartet. Also on the floor will be a multi-axis gantry machine from our customer PBA Systems PTE Ltd and more. In addition, visitors can be the first in China to see the future of motion control – the next-generation motion controller with artificial intelligence readiness and a new line of multi-axis servo drives.

“We look forward to greeting visitors at this year’s show and presenting the latest Elmo products. On display throughout our booth is the future of motion control and the experience of seeing our multi-axis products in action. This year, we created an environment for machine developers to learn about advanced motion performance for any application in real-time,” stated Dr. Wayne Chen, Elmo China GM.

About Elmo Motion Control

Elmo has been a motion control technology leader for over 35 years, with millions of servo drives working 24/7 worldwide. Elmo offers complete motion control solutions from design to delivery of cutting-edge servo drives, network-based multi-axis motion controllers, and integrated servo motors. All solutions can be customized and configured using Elmo’s proprietary advanced and easy-to-use software tools for any machine in any industry, such as semiconductors, lasers, robots, life sciences, industrial automation, AGV, and more. The company employs more than 350 personnel with headquarters in Israel and offices in the United States, China, Germany, Italy, Korea, Singapore, and an additional manufacturing facility in Poland. Elmo has a worldwide distribution network. By advancing motion control with state-of-the-art technology, Elmo makes smart machines even smarter. As of 2022, Elmo is a Bosch Rexroth company.

For more information, visit www.elmomc.com or email marketing@elmomc.com.

Elmo Motion Control:
Robert Dugan, Marketing Manager at Elmo Motion Control
T: +972-(3)-929-2300 (ext. 368)
E: robertd@elmom.com

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SOURCE Elmo Motion Control, Ltd.