True Wireless Stereo Earbuds Market

Global True Wireless Stereo Earbuds Market is valued at USD 35.37 Billion in 2021 and expected to reach USD 304.47 Billion by 2028 with a CAGR of 36.0% over the forecast period.

Global True Wireless Stereo Earbuds Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: The rising per capita incomes of consumers in emerging and established economies, as well as a higher quality of living, is likely to enhance demand for intelligent wearable goods among sportsmen and individual users, driving market expansion.

Scope of Global True Wireless Stereo Earbuds Market

True wireless dual earphones are Bluetooth earphones or IEMs that lack additional connections or wires, as well as an audio input (smartphones, tablets, MP3 players, etc.). Because the earbuds contain no cables, the microphone, controllers, and batteries are all integrated within the enclosure. As a consequence of the recent elimination of the 3.5mm wireless headphones dual earbuds port design from several smartphones, an increasing number of consumers are selecting Bluetooth buds instead of conventional earphones when commuting or working out.

Owing to the evolution of Bluetooth technologies, cordless earbuds have evolved into an extremely tiny size and untethered form aspect, referred to as True Wireless Stereo (TWS). True Wireless Stereo (TWS) transmits sound using Bluetooth transmissions instead of cables or cords. TWS differs from conventional wireless peripherals because it does not depend on physical connectors to media providers, but it necessitates them to guarantee that a device's multiple subsystems can interact with one another.

The pandemic had little effect on consumer demand since a disproportionately higher share of product sales was done electronically. During the pandemic, increased product interest from work-from-home/fitness initiatives has kept the industry growing steadily. Nevertheless, the COVID-19 outbreak resulted in a significant increase in the manufacture of various consumer electronics. Lockdown techniques increased the demand for consumer gadgets. As cell phones, laptops, and desktop computers became more prominent, the industry of consumer electronics increased at an exponential rate.

The global True Wireless Stereo Earbuds market is segmented based on the price range, sales channel, and region & country level. Based on price range, the global True Wireless Stereo Earbuds market is segmented into Below USD 100, USD 100–99, and Over USD 200. By sales channel, the market is segmented into online and offline.

The regions covered in the global True Wireless Stereo Earbuds market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global True Wireless Stereo Earbuds is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Global True Wireless Stereo Earbuds Market Segmentation

By Price Range:

• Below USD 100
• USD 100 – 99
• Over USD 200

By Sales Channel:

• Online
• Offline

Key Players of Global True Wireless Stereo Earbuds Market

Some major key players for the global True Wireless Stereo Earbuds market report cover prominent players like

• Apple
• Sony
• Jabra
• Beats
• Sennheiser
• SoundMAGIC
• Cambridge Audio
• Amazon
• JBL
• Lypertek
• Master & Dynamic
• Bang & Olufsen
• Anker
• Klipsch Audio Technologies
• Audio-Technica
• Jaybird.

News

Sennheiser Launched CX Plus and CX True Wireless (TWS) earphones in India

On April 6, 2022; Sennheiser, the German audio powerhouse, has released the CX Plus and CX True Wireless (TWS) headphones in India. The innovative CX Plus earphones are a great companion for daily listening owing to technologies like Active Noise Cancellation and clear hearing.

Netflix India Has Introduced Wireless Earphones, Headphones, And Other Audio Goods

On December 16, 2022; Netflix collaborated with boAt to release limited-edition audio wearables such as noise-canceling true wireless earbuds (TWS), earphones, as well as a cordless neckband. 3 limited-edition devices are included in the boat X Netflix Stream Edition: the Airdopes 411ANC, boAt Nirvana 751ANC, and Rockerz 333 Pro.

Oppo Launched Enco X2 TWS earbuds

On August 16, 2022; The Enco X2 TWS earphones were introduced in collaboration with Danish loudspeaker manufacturer Dynaudio. The new model has enhanced acoustics as well as an antimicrobial structure with earwax protection. The OPPO Enco X2 introduces improved pressure-sensitive controls, enhanced acoustics, and a slew of additional value-added capabilities. The Enco X2 is a great update to its predecessor, which was one of the finest cordless earbuds of its era.

Increasing Adoption of Wireless Devices, Product Launches by Major Players, and Growing Adoption of Smartphones are Some of the Major Factors Driving the Market Growth

True cordless earbuds are increasing in popularity in the healthcare field as manufacturers introduce new listening aid capabilities. Companies such as Nuheara Limited as well as Apple Inc. have used microchips to include ear id personalization capabilities in their earbuds. A microprocessor allows a user to create a distinctive sound depending on an individual's ear profile and listening capacity. For example, in August 2021, Jabra released the improve plus, the newest set of totally wireless earbuds designed to assist persons with "mild-to-moderate" hearing impairment.

True wireless earbuds have grown in popularity due to qualities like mobility, comfort, high-resolution music, simplicity of use, and connectivity with various electronic gadgets. Touch controllers, noise canceling technologies, built-in machine intelligence for voice activation, real-time language translations, and heart rate tracking are all characteristics of certain truly wireless earbuds. The rising prevalence of online network sites, along with the increasing usage of cellphones and similar portable devices, drives the demand for truly wireless earbuds.

Consumers' increased disposable money, as well as their improved lifestyle and level of living, support the expansion of the demand for truly wireless earbuds. The increased availability of streaming platforms like Pandora, Spotify, and Deezer improves the music quality for consumers, consequently encouraging business development for truly wireless earbuds. Such online streaming companies provide features like interoperability with various entertainment device manufacturers, cloud storage choices, and so on.

The most significant impediment to the marketplace for wireless earphones is the broad accessibility of counterfeit items. The demand for luxury items from top market players may be hampered in the near future due to the accessibility of counterfeit goods at ridiculously cheap rates in grey marketplaces. Furthermore, the rising adoption of intelligent and neckband cordless earbuds is an additional issue that may hinder the market growth.

North America is Expected to Capture a Major Share in the Global True Wireless Stereo Earbuds Market

Geographically, The North American region is expected to hold a major market share over the forecast period. The development of Air Pods has primarily generated interest for TWS in North America. Numerous smartphone makers have launched wireless earphones that are specially designed to work with their devices. Because of the dramatic rise in the regularity of smartphone upgrade rounds, many customers have been noticed purchasing associated accessories. Moreover, rising product releases by prominent players are likely to drive market development throughout the projected timeline. In August 2022, Apple released the Beats Fit Pro TWS (true wireless stereo) earbuds in the United States. The newest Beats Fit Pro has top-tier technologies like Active Noise Cancellation (ANC), Spatial Sound, and Apple's H1 processor. They also include rapid charging capabilities, and a 5-minute recharge is said to provide an hour's length of music playing, while the case provides a further 24 hours of operation.

Asia Pacific will have a substantial market share for items priced under USD 100. There is a high demand for these items. Asia Pacific has a bustling market backdrop, with a diverse demand for both high-quality and low-cost items. First-rate items entice customers from Japan and South Korea who value sound quality and convenience over price. Southeast Asian countries, on the other hand, have shown a preference for mid to low-priced goods.

By Regional & Country Level

North America

• U.S
• Canada

Europe

• U.K
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 35.37 Billion
Base year considered	2021
Forecast Period CAGR %:	36.0%
Market Size Expected in 2028:	USD 304.47 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Apple, Sony, Jabra, Beats, Sennheiser, SoundMAGIC, Cambridge Audio, Amazon, JBL, Lypertek, Master & Dynamic, Bang & Olufsen, Anker, Klipsch Audio Technologies, Audio-Technica, and Jaybird.
Segments Covered	By Price Range, By Sales Channel, End User.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa