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Wireless Earphone Market was dominated by North America, and expected to reach USD 4.07 Bn by 2030

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Maximize Market Research Provided Thorough analysis of Wireless Earphone Market, Concluding best-suited market entry strategies and Opportunities. 

PUNE, India, Aug. 7, 2024 /PRNewswire/ — Wireless Earphone Market size was valued at US$ 2.72 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 5.9% through 2024 to 2030, reaching nearly US$ 4.07 Bn.

Covering a range of fundamental elements including top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors. The report undergoes combination of qualitative and quantitative data analysis utilizing analytical backgrounds such as SWOT and PESTLE analysis to reveal deeper insights into market dynamics and prospects.

The research report from Maximize Market Research offers vital insights into the “Wireless Earphone Market” landscape. Focused primarily on key players, market segments, business strategies, regional developments, production intricacies, and pricing structures, the report provides a user-friendly and thorough comprehension of market dynamics and pivotal factors shaping industry growth.

Wireless Earphone Market Scope

Market Size in 2023

$2.72 billion

Market Size in 2030

$4.07 billion

CAGR                              

5.9 %

Forecast Period

2024-2030

Base Year

2023

Number of Pages

229

No. of Tables

188

No. of Charts and Figures

113

Segment Covered

by Type

by Connectivity

by Application

by Market Type

by Distribution Channel

Regional Scope

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)

Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)

North America (United States, Canada and Mexico)

Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)

South America (Brazil, Argentina Rest of South America)

Report Coverage

Market Share, Size, and Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF: https://www.maximizemarketresearch.com/request-sample/42666/ 

What’s New: Recent Additions and Updates

Sony

July 2023 launched ‘Sony WF-1000XM5’Newest entry in TWS (truly wireless stereo)Active Noise Cancellation (ANC) using Integrated Processor V2 and noise-cancelling QN2e processorsSuperior codec LDAC for high-resolution audioPromoted as having the best noise-cancelling performance globally due to dual processor configurationApril 2023 launched ‘Sony WH-CH520’Wireless headphones launched in India60-hour battery life30mm closed drivers for high-quality audio playbackApril 2023 launched ‘Sony WF-C700N’Truly wireless noise-cancelling earbudsRecognizes frequently visited locations and adjusts sound mode accordingly

Apple

September 2022 launched AirPods Pro 2nd GenerationH2 chip with advanced technology for improved ANC and transparency modeTouch control for media playback and volume adjustmentsApril 2023 launched AirPods Touchscreen Case PatentApple procured a patent for an AirPods touchscreen caseInteractive user interface on the case for notifications, music playback, navigation, audiobook media, weather updates, and audio mode switching

OnePlus

April 2022 launched OnePlus Buds N12.4mm dynamic drivers for ultra-clear sound.Custom equalizer and Dolby Atmos audio support.Two microphones and touch controls.IP55 water and dust resistance.

Noise

January 2022 launched Noise Combat Wireless HeadphonesENC (Environmental Noise Cancellation) technologyAvailable in thunder black colorButton control for music and callsDedicated gaming mode with ultra-low latency (up to 45 milliseconds)25-hour playtime

Sennheiser

January 2024 launched MOMENTUM True Wireless 4, ACCENTUM Plus, and MOMENTUMANC supportBluetooth 5.2Sennheiser’s signature sound profileUp to 50 hours of battery life on a single chargeJanuary 2023 launched Conversation Clear Plus EarbudsLaunched in the U.S. market to enhance conversation understanding

Marshall

August 2023 launched Marshall Motif II A.N.C.Improved noise-cancelling and transparency mode30 hours of playtime between charges10 hours of playtime on a single charge

Samsung

August 2022 launched Galaxy Buds 2 ProBlocks loud ambient noiseIPX7 water resistance ratingBattery life of 8 hours on a single charge or 29 hours with the charging case and ANC disabled

Get 10% Free Customization on the Report: 
https://www.maximizemarketresearch.com/request-sample/42666/ 

Post Pandemic world sees domination of wireless earphones

The COVID-19 has accelerated the adoption rates of wireless earphones as remote work and virtual meetings became a norm. This trend is expected to continue as the hybrid and remote work model still exists. Noice cancellation technology is the key feature for premium brands. With rise in remote work and travel consumers are seeking devices with an immersive listening experience. The demand for high-fidelity audio is pushing manufacturers to incorporate advanced audio codes and driver technologies. With consumers becoming more discerning with audio quality, companies are investing in technologies such as, LDAC, aptX, and others to fulfil the Wireless Earphone Market requirement. Along with this Extended battery life, efficient power management, advanced features & smart integration are also in high demand. The product which is ergonomically designed to provide comfort is preferred especially in active lifestyles or prolonged use. Being water and dust resistance while having competitive pricing companies are segmenting their offerings to appeal to diverse consumer groups. This includes entry-level options for price-sensitive buyers and premium models for audiophiles. In short, the earbuds market is characterized by rapid innovation, evolving consumer demands, and heightened competition. Brands are focusing on enhancing audio quality, noise cancellation, battery life, and smart features to meet diverse user needs and preferences.

North America dominates the Global Wireless Earphone Market

North America is expected to dominate the Wireless Earphone Market during the forecast period. Increased market awareness of smart Bluetooth speakers and smart home systems is a major trend in the U.S. and Canada. Growing adoption of technology with more demand for advanced technology are some of the market features. Factors such as high internet connectivity, advanced technology adoption, and growing awareness of smart audio systems are driving the growth of the North American wireless earphone market. Asia-Pacific is expected to show rapid growth during the forecast period 2024-2030. The proliferation of these devices is expected to boost demand for on-the-go music solutions, including wireless earphones. Growing demand for portable music solutions is expected to drive the use of wireless earphones. The rise in smart device usage supports the increasing need for wireless audio solutions. Factors such as the shift towards luxury technology items, rising smart device sales, and increasing demand for portable music are contributing to the rapid growth of the wireless earphone market in Asia Pacific.

For Detailed Segment Analysis: Request a Sample Report

Segmentation

by Type               

Ear bud EarphoneCanal Earphone

by Connectivity

Wi-FiBluetooth

Based on the Connectivity, the market is segmented into Wi-Fi, and Bluetooth. Bluetooth segment is expected to grow with rapid CAGR during the forecast period 2024-2030. In the wireless earphone market, Bluetooth is the most popular and preferred communication option. Wireless communication technology has a number of advantages, including mobility, ease of installation, and low cost.

by Application  

GamingFitnessVirtual RealityMusic & Entertainment

by Market Type               

Mobile AftermarketMobile Inbox

by Distribution Channel

OnlineOffline

Key players

Sennheiser Electronic GmbH & Co. KGPlantronics, Inc.Bose CorporationSony CorporationJabraKoninklijke Philips N.VApple Inc.SamsungMotorola MobilityHuawei Technologies Co., LtdBang & OlufsenEdifier International LimitedPanasonicShure IncorporatedXiaomiNokiaLG Electronics, Inc.OnePlus

Key questions answered in report

What segments are covered in Global Wireless Earphone Market report?Which region is expected to hold the highest share in the Global Wireless Earphone Market?Who are the top key players in the Global Wireless Earphone Market?Which segment holds the largest market share in the Global Wireless Earphone market by 2030?What is the market size of the Global Wireless Earphone market by 2030?What was the market size of the Global Wireless Earphone market in 2023?

Maximize Market Research a leading Consumer Goods & Services research firm, has also published the following reports:

Earphones & Headphones Market is anticipated to reach USD 21.59 Billion. by 2030 from USD 6.08 Billion. in 2023 at a CAGR of 19.85% during a forecast period.

Global Unified Communication and Business Headsets Market was worth USD 3.36 Bn in 2023, and overall revenue is anticipated to rise at a rate of 12.2% from 2024 to 2030, reaching almost USD 7.52 Bn In 2030.

Smart Earbuds Market size is expected to reach US$ 32.14 Bn in year 2030, at a CAGR of 20% during the forecast period.

Pro Headphones Market size was valued at US$ 678.28 Mn. in 2023 and the total revenue is expected to grow at 4 % through 2024 to 2030, reaching nearly US$ 892.58 Mn.

Wearable Technology Market size is expected to grow from US$ 59.87 Bn. in 2023 to US$ 147.90 Bn. by 2030, growing at a CAGR of 13.79% through 2024 to 2030. Wristwear segment leads the Global Wearable Technology Market by 2030.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com  
+91 96071 95908, +91 9607365656
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SOURCE Maximize Market Research Pvt. Ltd.

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Todd Tucker joins Parking Revenue Recovery Services as Chief Operating Officer to Guide Growth as PRRS expands as a Vehicle Identification and Monitoring Technology Platform

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DENVER, Nov. 15, 2024 /PRNewswire/ — Parking Revenue Recovery Services (PRRS), Inc., a leader in AI-driven compliance and vehicle activity monitoring, is pleased to announce the appointment of Todd Tucker, JD, DBA, CAPP, CPP, as its new Chief Operating Officer, effective November 15, 2024. With over 30 years of experience in the parking industry, Tucker is a recognized leader, having held various senior executive roles. Todd assumes the role of Chris Conley, who has decided to retire and enjoy some well-earned time after 30 years in the parking industry.

Before joining PRRS, Tucker served as President at Parking Logix and has been a leader in multiple tech companies focused on mobility solutions, with two leading to strategic and/or investment transaction outcomes Todd’s experience as a parking operations leader/expert and his roles spearheading the development and growth of innovative technology offerings focused on parking provide him with a unique ability to build solutions that meet the needs of today’s parking operations.

PRRS is uniquely positioned in gateless parking technology solutions through its machine vision-based technology, which identifies all vehicle activity, enhances compliance, and enables clients to expand their service capabilities. Our technology allows clients to gather valuable insights into operation and consumer activity while helping our clients improve their customer experience. With Tucker’s extensive expertise in parking technology and leadership, PRRS aims to broaden its services across North America, solidifying its status as the premier provider of gateless technology solutions to operators and facilities.

“Todd’s proven track record of driving innovation and his dedication to enhancing technology-based services make him the ideal candidate to lead PRRS into its next growth phase,” said Gabor Burchner, Managing Director, GB & Partners IM. “As the demand for adaptable technology solutions providers continues to rise, Todd’s leadership and collaborative approach will be invaluable.”

PRRS, in partnership with Asura, has successfully implemented the ARC solution and its compliance services at over 400 parking sites across 29 states. With ongoing investment from GB & Partners IM, PRRS is set to expand beyond its current identity as a “parking notice firm” to become the leading gateless technology solution for the future.

“I am thrilled to join PRRS and enhance the value we provide to our parking operating partners,” said Todd Tucker. “Throughout my career, I’ve consistently sought to challenge the status quo by delivering innovative solutions in an ever-evolving industry. PRRS is at the forefront of leveraging technology to enhance its services, and with GB & Partners IM participation, we will continue to deliver exceptional value to the parking sector and beyond. I look forward to joining the PRRS team and collaborating with our clients to push boundaries and innovate in compliance and facility monitoring services.”

About Parking Revenue Recovery Services

Parking Revenue Recovery Services, Inc. (PRRS) is North America’s leading Parking Compliance and Facility Monitoring technology provider. PRRS is on track to provide over 1,000 parking locations and proudly supports national, regional, and local parking operators throughout the United States. Our client owners and parking operators use our monitoring and compliance services in all properties, including commercial lots and garages, municipal facilities, college and university facilities, airports, hospitals, commercial properties, and residential buildings. PRRS creates exceptional value for its parking operator clients through increased overall customer compliance and enhanced visibility into operating activity and usage while delivering excellent customer service. We maximize the value provided to our clients through excellence, innovation, and efficiency in its compliance and monitoring services, delivered by an outstanding team of parking professionals dedicated to the highest levels of customers.

About Asura Technologies

Asura Technologies specializes in next-generation video analytics and license plate recognition software, utilizing AI to create smart parking, traffic management, frictionless tolling, and safety security applications. Active globally since 2018, Asura Technologies USA collaborates with PRRS to provide highly effective, automated parking enforcement solutions through innovative technology.

About GB & Partners IM

GB & Partners IM is an independent private equity and venture capital firm focused on innovative city technologies, fashion, fintech, medical technologies, and mechanical engineering. As the largest Hungarian-based firm in its sector, GB & Partners IM offers extensive leadership experience in private equity and venture capital investments, M&A transactions, and IPOs, providing operational support to investment entities by international standards. In 2019, GB & Partners IM became the first Hungarian venture capital firm to gain membership in Invest Europe.

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SOURCE Parking Revenue Recovery Services, Inc.

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Connect and Converse Across Borders with Moii: Now Available Worldwide

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SEOUL, South Korea, Nov. 15, 2024 /PRNewswire/ — Moii, an innovative avatar-based interest-matching conversation service developed by tech startup illuni, has officially launched globally. Available on the Google Play Store and Apple App Store, Moii offers users a unique way to meet new friends, share stories and enjoy engaging conversations. The service allows people around the globe to experience safe, interest-based connections with like-minded people, fostering a sense of community across borders. Moii exemplifies illuni’s commitment to creating immersive digital experiences through advanced artificial intelligence (AI) technology.

To create heartfelt connections, download Moii from the Google Play Store (https://play.google.com/store/apps/details?id=com.illuni.moii&hl=en-US) and Apple App Store (https://apps.apple.com/us/app/moii-heartfelt-connections/id6456406927).

Create Moiiments, Connect Globally

In a world where genuine interaction can feel rare, Moii provides a space for simple, meaningful conversations without the pressure of video or photo sharing. By connecting users based on shared interests, Moii creates a relaxed environment for spontaneous chats, whether someone is looking for a listening ear, a language exchange, or a fresh global perspective. With engaging features such as avatar costumes and singing content in virtual karaoke – introduced in a recent November update – the app continues to attract a growing user base of young adults seeking meaningful connections beyond small talk.

“Since our global launch on the 1st of November, users from over 30 countries have come together on Moii to share interests, create unique content and enjoy friendly conversations,” said Byung-Hwa Park, CEO of Illuni. “We are thrilled by the enthusiasm for Moii as people around the world find it to be a fun and welcoming platform.”

Aimed at users in their 20s and 30s, Moii allows users to interact in a fully customizable 3D environment. Instead of revealing their actual appearance, users create avatars that reflect their personalities and interests, providing a sense of anonymity, security, and comfort. Once matched, users can personalize their avatars, use conversation cards, and enjoy mini games, making every interaction fun and engaging.

With a mission to create comfortable spaces for conversation, Moii promotes cross-cultural and language exchange on a global scale. Whether users want to make foreign friends, practice a new language, or simply chat with a friendly listener, Moii offers a low-pressure, refreshing way to connect.

Looking ahead, Illuni plans to expand Moii’s language support, making it accessible to even more users across the globe.

For more information about Moii, visit https://www.moii.net/en

About illuni

Illuni is a forward-thinking startup focused on developing immersive digital experiences through advanced AI technology. The company is committed to building innovative mixed-reality services that redefine user engagement in digital spaces. Alongside Moii, illuni’s portfolio includes Storyself (https://storyself.com), an interactive storybook app that transforms users’ pictures into story characters, allowing them to become the protagonists of various tales—making it both engaging and educational for children.

To learn more about illuni and its suite of mixed-reality projects, visit:  https://www.illuni.com/en 

For media inquiry, please contact: illuni Communications, e-mail: contact@illuni.com 

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SOURCE illuni

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LONGi’s Solar Panels Enhance Sustainability in Bengaluru’s Residential Complex

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BANGALORE, India, Nov. 15, 2024 /PRNewswire/ — LONGi, in partnership with SolarSquare, has completed a 342 kW solar project using advanced Hi-MO 5 solar panels for a residential apartment complex in Bengaluru.

Launched seven months ago, this solar project is set to save the residential complex up to $47,736 annually and has already generated an impressive 340,000 units of electricity. Thanks to the high efficiency of the solar modules, significant economies of scale, and the inherent advantages of rooftop solar, the project is projected to reach its break-even point within just 4.75 years.

Before the installation of the rooftop solar panels, residents faced annual electricity costs of approximately $143,305. The switch to solar energy is expected to result in annual savings between $47,768$53,768, effectively reducing their electricity expenses by around 33%.

Nikhil Nahar, Co-founder and Director of SolarSquare, stated, “Through our strategic partnership with LONGi over the years, our customers have gained access to state-of-the-art technology for their projects. LONGi’s solar panels consistently deliver performance and help our customers save on electricity bills. With a shared vision to accelerate the mass adoption of renewable energy and enhance sustainability, our partnership has continually provided innovative solutions, earning the trust of our customers.”

LONGi remains committed to delivering advanced solar technology and helping more residential complexes achieve energy independence through its highly efficient and reliable products.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modulescommercial & industrial distributed solar solutionsgreen energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com

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