Earbuds are small audio devices that are inserted in the ear canal to provide sound. They usually consist of a pair of miniature loudspeakers with a cable connecting them to a device such as a smartphone, music player, or computer. Some models also contain a microphone to enable hands-free phone calls. Earbuds are a popular choice of audio device due to their portability, affordability, and sound quality.
In 2020, earbuds accounted for 37.5% of global audio device sales, making them the most popular choice of audio device over speakers, headphones, wireless headphones, and others. Due to their convenience and portability, they are increasingly seen as a preferable choice for audio users, especially as many current smartphones no longer include a headphone jack as standard.
The global Earbuds market was valued at US$ 9520 million in 2022 and is anticipated to reach US$ 16860 million by 2029, witnessing a CAGR of 6.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Earbuds Market available at: https://www.themarketreports.com/report/global-earbuds-market-research-report
This report aims to provide a comprehensive presentation of the global market for Earbuds, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Earbuds.
The Earbuds market consists of a well-established group of brand name manufacturers and new entrants. Crowdfunding campaigns have showed that there is plenty of scope for innovation. The world leading players in the Earbuds market are Apple, Samsung, Sony, GN (Jabra), Bragi, Doppler Labs, Skybuds and so on. These Top companies currently account for more than 80% of the total market share.
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