Launch of Technologically Advanced Earbuds to Boost the Wireless Earbuds Market During 2021-26

The Global Wireless Earbuds Market is expected to grow at a CAGR of around 21.5% during 2021-26, says MarkNtel Advisors in their research report.
 
NEW CITY, N.Y. - Oct. 18, 2021 - PRLog -- The Global Wireless Earbuds Market is expected to grow at a CAGR of around 21.5% during 2021-26, says MarkNtel Advisors in their research report. The mounting demand for high-end music & entertainment devices among youths, coupled with the burgeoning internet & smartphone users, are the prime factors driving the market.

Additionally, the launch of technologically advanced products and the availability of affordable wireless earbuds are other crucial factors likely to boost the market. Further, the surging inclination toward audiobooks & podcasts and the rising use of wearable gadgets, especially among sports enthusiasts, shall also fuel the overall market growth in the coming years.

According to the research report, the Global Wireless Earbuds Market, based on Price, segments into:
  • Premium ($100 and above)
  • Medium ($50 to $99)
  • Low ($49 and below)

Of these three, the Premium price segment acquired the largest share of the Global Wireless Earbuds market in recent years. The mounting advancements in wireless sound technology, coupled with the integration of special functions like speech amplification & layered listening, are the prime aspects that augmented the sales of premium wireless earbuds. For instance, in its latest release, Galaxy Buds Pro, Samsung has added an intelligent active noise cancellation & Dolby head tracking technology feature that allows users to enjoy immersive & realistic sound.

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Apple, Xiaomi, Samsung are the premium brands dominating the global market. The demand for premium earbuds is significantly high in the North American & European regions, mainly due to the abundant presence of premium brands and the burgeoning inclination of consumers toward earbuds with advanced technologies.

India to Witness Significant Growth of the Wireless Earbuds Market
The mushrooming number of Chinese smartphone brands Oppo, Vivo, OnePlus, and Xiaomi entering in wireless earbuds segment, a significant surge in the number of domestic players like boAt, Noise, & MiVi, and the launch of premium wireless earbuds by the leading companies for business expansion in the country are the prime factors driving the Indian market.

In 2020, Skullcandy, a US-based audio equipment company, launched its latest true wireless earbuds Spoke in India for USD110. They feature dual microphones, easy connectivity, call, track & volume control, active assistant, etc.

Similarly, in August 2021, boAt launched Airdopes 452 wireless earbuds in India, featured with low latency mode and enhanced audio quality.

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