Clip-On Headphones Market

Market Synopsis:

The Global Clip-On Headphones Market was valued at USD 69.4 Billion in 2021 and is forecast to reach a value of USD 165.6 Billion by 2028. The Global Market is anticipated to grow and exhibit a Compound Annual Growth Rate (CAGR) of 15.6% over the forecast period.

Everyone in the modern world wears headphones daily, especially the younger generation, who spends most of their time talking on the phone or listening to music. Even while working or traveling, many utilize headphones. However, long-term usage of portable audio devices and ear canal insertion of headphones can result in hearing loss, infection, and several other health issues. According to the World Health Organization, using such audio gadgets puts more than a billion teenagers and members of the younger generation at risk of hearing loss.

People are switching from in-ear-canal headphones to Clip-On Headphones due to these problems to reduce discomfort and the risk of infection. However, Clip-On Headphones offer a safe listening experience while helping to shield the user from pathogens that could infect them. In addition, some headphone designs put a lot of pressure on the ears and have enormous earbuds, making the wearer uncomfortable. One such device appropriate for customers who are frequently on the go and enjoy listening to music is a pair of clip-on headphones.

The Clip-On Headphones are made to lean on the ear hooks and are generally kept on the user's ears even if they are engaged in strenuous activities like jogging, exercising, or playing sports. The market for Clip-On Headphones provides producers with a sizable platform to meet the actual demand. There is more rivalry for clip-on headphone sales globally. With increased competition, new vendors are meeting consumer demand for more affordable Clip-On Headphones by providing a wide range of alternatives at competitive prices.

Market Segmentation:

The Clip-On Headphones Market is segmented based on Technology, Headset Type, Application, Price Range, Sales Channel, and Region. Based on Technology, the market is sub-segmented as Wired and Wireless. Whereas, based on Headset, the market is sub-segmented as ANC and Non-ANC. Furthermore, based on Application, the market is sub-segmented as Personal Use, Professional, Sports, and Gaming. Similarly, based on the Price Range, the market is sub-segmented as Economy, Mid-Range, and Premium. Finally, based on Sales Channel, the market is sub-segmented as Direct, Indirect, Supermarkets/Hypermarkets, Multi-Brand Stores, Exclusive Stores/Franchises, Independent Small Stores, E-Retailers, and Other Sales Channels.

Based on Technology:

On the basis of the Technology segment, the global market is segregated into Wired and Wireless. In 2021, the Wired sub-category had a significant share in the Clip-On Headphones Market and was estimated to keep up its supremacy over the forecast period. This share is due to the low cost and traditional way of using headphones. Besides, the Wireless sub-category is projected to witness the fastest growth in the coming years. This growth is primarily due to the rising demand for Wireless technology worldwide.

Based on Sales Channel:

On the basis of the Sales Channel segment, the market is sub-categorized into Direct, Indirect, Supermarkets/Hypermarkets, Multi-Brand Stores, Exclusive Stores/Franchises, Independent Small Stores, E-Retailers, and Other Sales Channels. In 2021, the Indirect sub-category had a substantial share in the global market. Besides, the E-Retailers sub-category is projected to witness the fastest growth during the forecast period.

Asia Pacific is Projected to Grow at the Fastest CAGR during the Forecast Period

Asia Pacific is accounted to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. Due to the availability of potential customers and increased consumer spending per capita on electronic devices, the Clip-On Headphones market in South Asia and East Asia is anticipated to register a robust Compound Annual Growth Rate (CAGR) over the estimated period. Furthermore, due to the entry of well-known brands into the market, MEA is projected to present appealing opportunities in the following years in the worldwide Clip-On Headphones market.

Competitive Landscape:

The key players in the Global Clip-On Headphones Market include- Koninklijke Philips N.V., Koss Corporation, Panasonic Corporation, Bang & Olufsen, Avantree, Beats Electronics LLC, Sony Corporation, MPOW, Creative Technology Ltd., Letscom, Audio-Technica Corporation, The Best Industries PRO Company, Maxell Holdings Ltd., Victor Company of Japan Ltd. and others.

Segmentation of the Global Clip-On Headphones Market: