MarkNtel Advisors Predicts India Headphones and Earphones Market to Surge to USD 4,342 Million in 2024 at 9.90% CAGR

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the India Headphones and Earphones Market, The India Headphones and Earphones Market size was valued at USD 4,342 Million in 2024 and is estimated to grow at a CAGR of around 9.90% during the forecast period, i.e., 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the India Headphones and Earphones Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

Forecast Period: 2024-2030
Market Size in 2024: 4,342 Million
CAGR (2024-2030): 9.90%

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India Headphones and Earphones Market Segmentation Breakdown:

The India Headphones and Earphones Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Connectivity

Wired- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Wireless- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)

The wireless segment has been holding a significant share of the headphones and earphones market in the past few years.

By Application

Sports & Fitness- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Gaming- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Media & Entertainment- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Professional Use- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Virtual Reality- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)

The media & entertainment segment has held the major share of the market in the India Headphones and Earphones Market.

By Type

In-Ear- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
On-Ear- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Over the Ear – Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)

By Sales Channel

Online – Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Offline – Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
- Exclusive- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
- Multi-brand- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)

By Price Category

Budget- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Economy- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
Premium- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)

Geographical Growth Insights:

By Region

North
West
East
South

MarkNtel Advisors Highlights Key Market Drivers for India Headphones and Earphones Market:

Rapid Growth of the OTT Industry in the Country – The OTT industry in India has been rapidly growing over the past few years, driven by the increasing internet penetration coupled with low internet cost, the availability of affordable smartphones, and a diverse range of content offerings. In recent years India has enjoyed services from over 30 OTT providers including the biggest domestic and international players like Netflix, Amazon Prime, Disney+ Hotstar, Zee5 Eros, etc.

According to the Parliament Library and Reference Research 2021, around 29 million subscribers paid for about 53 million OTT video subscriptions in 2020. The OTT industry is estimated to boom in the coming years due to advancements in technology, such as 5G networks, enhanced data infrastructure, and improved user experiences. In addition, collaborations with international content creators and platforms could further contribute to the growth. As the OTT platform bolsters the headphone market size is also expected to rise in the future years owing to personalized viewing experience, privacy & convenience, enhanced audio quality, etc.

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A Comprehensive Analysis of Leading Companies in India Headphones and Earphones Market

Imagine Marketing Ltd.(boat)
Noise Retail Private Ltd.
Apple Inc.
Xiaomi
BBK Electronic Corporation Ltd.
Samsung Corporation
Sony Corporation
Sennheiser
Bose Corporation
Harman International
Others

India Headphones and Earphones Market Recent Development:

In 2023, BoAtjoined Open Network for Digital Commerce (ONDC), an initiative by the government to democratize e-commerce. Through this, the company aims to reach a more varied segment of customers.
In 2023, Harman-owned JBLlaunched the Tour One M2 headphones in India featuring spatial audio. This headphone comes with a hybrid true adaptive ANC with the company’s pro-tuned drivers.

What are the Challenge driving the India Headphones and Earphones Market?

Regulatory Control on Frequency Spectrum – The frequency spectrum used by audio equipment is subject to stringent regulatory controls in India. These regulations are in place to prevent interference with other wireless devices and ensure efficient spectrum utilization. Complying with these regulations could be a complex and costly process for headphone manufacturers. Adherence to these controls could limit the flexibility and choice of frequencies available for wireless audio transmission, potentially affecting the performance of wireless headphones and earphones. Therefore, this regulatory control presents a challenge for the India Headphones and Earphones Market.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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