True Wireless Earbuds Market

Global True Wireless Earbuds Market Size (2024-2032)

The Global True Wireless Earbuds Market was worth US$ 44.22 billion in 2023 and is anticipated to reach a valuation of US$ 616 billion by 2032 from US$ 59.25 billion in 2024. It is predicted to register a CAGR of 34% during the forecast period 2024-2032.

The true wireless earbuds market is experiencing growth, with gadgets offering functionalities like hands-free calls, wireless music players, and activity tracking. These gadgets are being used by customers, who are searching for accessing calls, music, and more without being connected by a wire to a smartphone. Wireless headphones are at the top of the list of earbuds chosen by the population.

MARKET DRIVERS

Technological advancements, like the emergence of notch-less smartphones, are anticipated to fuel product demand over the forecast period.

Additionally, rising demand for fashionable and attractive designs is predicted to spice up merchandise sales. Furthermore, the advent of advanced technologies, like Active Noise Cancellation (ANC) that helps eliminate background noises leading to enhanced sound quality is predicted to spice up the global true wireless earbuds market. The increasing popularity and adoption of smartphones, tablets, laptops, portable music players, and other mobile devices is additionally expected to bolster the industry's growth. The emergence of mass-market audiophile era in recent times has resulted in some notable developments in product technology and is predicted to upkeep the sales over the forecast years. The recent expansion of the marketplace for portable audio devices, like MP3 players, hand-held gaming consoles, and multimedia phones, is additionally anticipated to impact the merchandise demand positively. The desire for high-quality sound characterizes developments in this industry.

MARKET RESTRAINTS

The easy availability of several counterfeit products in the market may hamper the industry's growth in the next few years.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global True Wireless Earbuds Market Analysis By Application

• Consumer
• Healthcare
• Fitness
• Gaming

The consumer segment is predicted to be the fastest-growing application over the forecast period. The rising need to enhance the VR experience and improve sound quality is driving the segment demand. The fitness application is supposed to witness rapid expansion on account of the increasing usage of earphones and headphones in gyms. The gaming segment is additionally anticipated to register robust growth over the forecast years due to increasing product demand within the sector.

Global True Wireless Earbuds Market Analysis By Product Type

• In-ear
• Headphones
• Others

The in-ear segment is likely to account for the top market share by 2032, thanks to the growing demand for wireless earphones worldwide. Benefits, like high sound quality offered by in-ear devices, have increased their demand. The headphones segment is additionally anticipated to witness considerable growth on account of technological developments in terms of product features, like Bluetooth, Wi-Fi, infrared, and SKAA.

REGIONAL ANALYSIS

• North America Gas Detectors Market includes U.S, Canada
• Europe Gas Detectors Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe
• Asia Pacific Gas Detectors Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
• Latin America Gas Detectors Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM
• Middle East & Africa Gas Detectors Market includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and the rest of MEA

North America's true wireless earbuds market accounted for over 25% of the worldwide revenue share in 2018 thanks to the well-established market, including technology penetration within the region. Constant R&D and the advent of the latest devices because of the presence of key companies, like Beats Electronics, Bose Corporation, and Sennheiser Electronics, will drive the regional market further. Asia Pacific's true wireless earbuds market is estimated to witness the best CAGR over the forecast period. This growth is attributed to the improved sales of smartphones and tablets alongside the proliferation of music streaming services. Asia Pacific is predicted to be the fastest-growing market, with a CAGR of 7.6% from 2024 to 2032. This is due to the rising consumer income levels within the region, especially in developing countries like China and India. Furthermore, various prominent companies are investing in such economies due to low-cost labor, which will likely contribute to the region’s growth.

MARKET KEY PLAYERS

1. Apple
2. Samsung (Harman)
3. Sony
4. GN (Jabra)
5. Bragi
6. Skybuds
7. Bose
8. LGE
9. JBL
10. Boat
11. Skullcandy

RECENT HAPPENINGS IN THE MARKET

• The AirPods Pro-Lite will reportedly be the latest version of the noise-cancelling AirPods Pro, which indicate the rumored wireless earbuds might be low priced than the most expensive Apple earbuds currently available on the market. 
• OPPO took the stage in India to declare the OPPO Enco Free True Wireless Earbuds launch. The Apple Airpods competitor comes prepared with 13.4mm drivers that assure dynamic bass. The company entitles that the Enco Free is the world’s first true wireless headset that utilizes ultra-dynamic speakers with dual magnetic circuit innovation. For reference, it is primarily used in high-end audio gadgets. Furthermore, it is the industry’s first to utilize aluminum-magnesium-titanium composite diaphragm that is said to make treble clear. 
• Galaxy Buds Plus specs were leaked ahead of Samsung’s Unpacked event and announced that the new model creates significant strides in terms of battery life. These devices can last up to 11 hours on one time charge, and the charging case expands that to 22 hours before everything requires to be juiced back up. At times where the buds are completely off, charging for just three minutes will provide an hour of playing time.