According to the Sandler Research group (www.sandlerresearch.com), the global headphones market will see a 12.70% CAGR [compound annual growth rate] between now and 2019.
According to the report, one key trend being witnessed in the market is the rapid adoption of over-ear headphones. The rise in disposable income, especially among individuals in developed countries, the proliferation of smartphones, and the availability of headphones with advanced features, has increased the purchase of over-ear headphones.
In terms of volume, the global headphone market is forecasted to grow at a CAGR of 4.1%. Sandler Research says one major factor propelling this market’s growth is advances in technology. The availability of various technologies such as noise cancellation, SRS Wow effect, and extra bass in headphones has resulted in a huge demand for these advanced headphones worldwide.