In our modern digital age, there is a gradual shift in consumer preference from wires to wireless. According to a new study by MarkNtel Advisors, the Global Wireless Earbuds market earmarked astronomical growth during 2016-19 and is expected to grow at a CAGR of 21.5% during 2021-26.
Nowadays,
most smartphone manufacturers don't offer a 3.5mm audio interface. It
is a trend started by Apple in iPhone 7 in 2016 and is one of the
crucial factors driving the global wireless earbuds market. Besides, the
increasing popularity of video conferencing & mobile gaming is also
boosting the demand for wireless audio with low latency and
uninterrupted connectivity, which, in turn, fuels the overall market
growth during 2021-26.
Amongst various price segments, the
Premium category acquired a substantial market share in 2021. It owes to
the mounting adoption of advanced technologies entwined with the
extensive presence of premium brands like Apple in the North American
& European regions.
Get the report sample of the market analysis: https://www.marknteladvisors.com/query/request-sample/wireless-earbuds-market.html
On
the other front, the demand for Low & Medium priced wireless
earbuds is also surging significantly in emerging countries like India
& China. It owes to the increasing number of companies offering
advanced features, such as ultra-fast charging, superior sound quality,
active noise cancellation, etc., in their products at affordable prices.
Besides,
companies like boAt, Noise, MI, MiVi, Oppo, Realme, & OnePlus have
the highest market share in the Asia-Pacific region. In 2021, Google
partnered with the e-commerce website, Flipkart, to launch its
mid-priced Pixel Buds A-Series Truly Wireless Earbuds at USD99.
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