August 05, 2022 07:00 ET | Source: FACT.MR FACT.MR
United States, Rockville MD, Aug. 05, 2022 (GLOBE NEWSWIRE) -- The noise cancelling headphones market analysis offered by Fact.MR scrutinizes key growth factors that are impacting sales in the market. The report offers in-depth insights covering key factors such as drivers, opportunities, key players' strategies, and demand outlook for the noise cancelling headphones market. In addition to this, the study analyzes latest trends across various segments including product type, operation, and sales channel.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global noise cancelling headphones market is valued at US$ 5.2 Billion in 2022 and is expected to reach US$ 9.06 Billion by the end of 2032. As per Fact.MR analysis, the noise cancelling headphones sales are projected to grow at a CAGR of 5.7% during 2022-2032.
Noise cancelling headphones were originally targeted toward frequent flyers and travelers. The price of these headphones was on the higher side, and their share of the overall headphone market was low.
However, noise cancelling headphones demand is predicted to surge owing to their superior features such as compatibility with smartphones, extended battery-life, splash-proof, etc. Hence, key players are capitalizing on rising demand among tech-savvy consumers who like to ensure low disturbances while listening to music or attending business calls.
Noise cancelling headphone sales are also rising on account of expansion of smartphone industry. In several developing countries such as India, smartphones are now easily available at low price points. While consumers usually get in-the-box earphones, usually they upgrade to headphones with superior features. This factor will continue to drive the sales of noise cancelling headphones over the next decade.
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In addition, miniaturization of technology is playing a key role in making noise cancelling headphones more affordable than before. Shrinking size of components required for manufacturing noise cancelling headphones along with low cost of implementation means that now these noise cancelling headphones are available to consumers at a lower price.
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Leading players operating in the noise cancelling headphones market are adopting various strategies such as product launches and integration of artificial intelligence to boost their position in the market. They are also focusing on mergers and acquisitions, collaborations, and launch of innovative products.
Meanwhile, some of the key players are also focusing on launching competitive prices at lower prices. To make their products popular among consumers, manufacturers are focusing on exclusive sales and discounts on special days.
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More Valuable Insights on Noise Cancelling Headphones Market
In the latest study, Fact.MR offers a detailed study on global noise cancelling headphones market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of noise cancelling headphones with analysis across below segments:
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Key Questions Covered in the Noise Cancelling Headphones Market Report:
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