Asia-Pacific Wireless Headsets Market Forecast & Opportunities, 2023

2013-2023 ASIA-PACIFIC WIRELESS HEADSETS MARKET

BY TYPE, BY DISTRIBUTION CHANNEL, BY COUNTRY, COMPETITION, FORECAST & OPPORTUNITIES

PUBLISHED: JANUARY 2019

MARKET INTELLIGENCE . CONSULTING

Ta b l e o f C o n t e n t s

Asia-Pacific Wireless Headsets Market Forecast & Opportunities, 2013-2023

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Contents

1.

Product Overview

2.

Research Methodology

3.

Executive Summary

4.

Global Wireless Headsets Market Outlook

5.

Asia-Pacific Wireless Headsets Market Outlook 5.1.

Market Size & Forecast 5.1.1.

5.2.

5.3.

6.

By Value and Volume

Market Share & Forecast 5.2.1.

By Type

5.2.2.

By Distribution Channel

5.2.3.

By Country

Market Attractiveness Index 5.3.1.

By Type

5.3.2.

By Distribution Channel

5.3.3.

By Country

China Wireless Headsets Market Outlook Š TechSci Research

Ta b l e o f C o n t e n t s

S. No.

Contents

6.1.

Market Size & Forecast

Asia-Pacific Wireless Headsets Market Forecast & Opportunities, 2013-2023

6.1.1.

3

6.2.

7.

By Value and Volume

Market Share & Forecast 6.2.1.

By Type

6.2.2.

By Distribution Channel

India Wireless Headsets Market Outlook 7.1.

Market Size & Forecast 7.1.1.

7.2.

8.

.

By Value and Volume

Market Share & Forecast

7.2.1.

By Type

7.2.2.

By Distribution Channel

Japan Wireless Headsets Market Outlook 8.1.

Market Size & Forecast 8.1.1.

8.2.

By Value and Volume

Market Share & Forecast 8.2.1.

By Type Š TechSci Research

Ta b l e o f C o n t e n t s

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Contents

8.2.2.

Asia-Pacific Wireless Headsets Market Forecast & Opportunities, 2013-2023

9.

4

South Korea Wireless Headsets Market Outlook 9.1.

Market Size & Forecast 9.1.1.

9.2.

10.

By Value and Volume

Market Share & Forecast 9.2.1.

By Type

9.2.2.

By Distribution Channel

Philippines Wireless Headsets Market Outlook 10.1.

Market Size & Forecast

10.1.1.

10.2.

11.

By Distribution Channel

By Value and Volume

Market Share & Forecast 10.2.1.

By Type

10.2.2.

By Distribution Channel

Market Dynamics 11.1.

Drivers

11.2.

Challenges Š TechSci Research

Ta b l e o f C o n t e n t s

Asia-Pacific Wireless Headsets Market Forecast & Opportunities, 2013-2023

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Contents

12.

Market Trends & Developments

13.

Competitive Landscape 13.1.

Company Profiles 13.1.1.

Bose Corporation

13.1.2.

Sony Corporation

13.1.3.

Plantronics, Inc.

13.1.4.

Sennheiser Electronic GmbH & Co. KG

14.

Strategic Recommendations

15.

About Us & Disclaimer

Š TechSci Research

Product Overview Wireless Headsets Wireless headsets are a pair of small listening device designed to be worn on or around the head over ears. It is an electroacoustic transducer, which converts an electrical signal to a corresponding sound in the user’s ear. Headphone is designed to allow a single user to listen to an audio source privately, in contrast to a loudspeaker, which emits sound into the open air, for anyone nearby to hear.

Wireless Headsets Product Types

Product Overview

On-Ear Wireless Headsets are those types of headsets which have thick headbands and large ear cups. They encircle and cover the outer part of the ear.

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Earbuds type of headphones are small and ultra-portable with earbud tips, that rest at the edge of the ear canal.

Š TechSci Research

Research Methodology

All collected information

Various aspects of the

The analyzed information was

was then validated through

market were

then presented in a

multiple sources and data

comprehensively monitored

chronological order to depict

warehouses in order to

and analyzed by the team

a meaningful and clear

present the most accurate

of industry experts.

picture of Asia-Pacific

manufacturers, retailers

and precise market

TechSci Research also

wireless headsets market. It

and distributors present

information about Asia-

identified and analyzed

should be noted that we have

across the region, followed

Pacific wireless headsets

trends, drivers and

collected information related

by exhaustive secondary

market.

challenges in Asia-Pacific

to the organized market only

wireless headsets market.

and all parameters are

Information regarding AsiaPacific wireless headsets market was gathered through primary research surveys with

research.

related to that including market shares.

Evaluation & Validation

Analysis

Presentation

Research Methodology

Research

7

Š TechSci Research

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed different aspects of Asia-Pacific wireless headsets

market. The team has analyzed the outlook of various segments of this market and speculated a positive future for this industry. It considered the major influencing factors such as growing demand for convenient products and increasing demand from younger age groups in developing countries. The study includes market forecast, which would enable our clients to take better decisions while planning their strategies for operating in the region.

Methodology Followed for Calculation of Market Size: •

Market Size by Value: Market size, in value terms, for 2017 was calculated through exhaustive primary surveys of key manufacturers (both foreign and local), distributors, retailers, etc.

•

The team interviewed more than 40 manufacturers/suppliers, 120 distributors/dealers/C&F agents/wholesalers and 140 retailers of wireless headsets across the region for obtaining the market size during 2013-2017, using the Delphi

Research Methodology

technique. Taking standard deviation into consideration, market size figures were averaged out to arrive at the market

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size figures for 2013 to 2017.

Š TechSci Research

Research Methodology •

Respondents were asked about the current and future growth prospects in major companies, region and different products

in Asia-Pacific wireless headsets market. Removing the outlier responses, geometric mean of growth estimates and product wise revenue shares generated across various applications were taken, to arrive at final revenue shares. Revenue shares generated across various application areas were further triangulated from distributors, retailers and other stakeholders, depending on the usage of a particular product. Manufacturers and suppliers were asked about average selling prices of various types of wireless headsets of their respective companies.

•

Final average selling prices of various types of wireless headsets was deduced by taking weighted average, which was calculated by taking into account their revenue contribution in the overall market and average selling prices of various products.

Methodology Followed for Calculation of Market Shares: •

Market shares by region, by company, by product type and by application areas were calculated based on the responses

Research Methodology

received through primary surveys with industry experts, in which respondents were asked about market share or revenue

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generated from various end use segments. The final data was calculated by taking geometric mean of the responses gathered from over 150 key opinion leaders, after eliminating the outliers.

© TechSci Research

Research Methodology

Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Asia-Pacific wireless headsets market, TechSci Research used various forecast techniques such as: o

Moving Average

o

Time Series Analysis

o

Regression analysis

o

Econometric and Judgmental Analysis

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.

TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data.

Research Methodology

Beats by Dre/Apple, Bose Corporation, LG Electronics Inc., Sony Corporation, Plantronics

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Partial List of Companies Interviewed

Secondary Sources

Inc., Jaybird, LLC, Sennheiser Electronic GmbH & Co. KG, Skullcandy Inc., Samsung Electronics Co. Ltd, Harman International Industries, etc.

Company Annual Reports, World Bank, Industry Magazines, Industry reports, News Dailies, Credible Paid Databases, Proprietary Database, etc.

Š TechSci Research

Industry Brief According to TechSci Research report, “Asia-Pacific Wireless Headsets Market By Type, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2013 – 2023”, Asia-Pacific wireless headsets market is projected to register a CAGR of 16.5% during 2018-2023.

Wireless headsets are becoming increasingly sophisticated in providing audio output as well as hassle-free connectivity with other electronic devices such as laptops, smartphones, music players and tablets. Moreover, rapidly growing online streaming service industry and music industry is expected to contribute significantly to the Asia-Pacific wireless headsets market growth. In 2016, more than 340 million units of headsets were shipped, globally, as compared to 331 million headsets in 2015.

In 2017, on-ear segment accounted for majority share in the region’s wireless headsets market, and is forecast to maintain its dominance through 2023, owing to compatibility with a wide array of electronic devices along with the convenience and comfort that the product offers.

Exclusive stores account for the largest market share, due to the convenience of having good brands available at a single location, providing lucrative discounts and offers. China is the major demand generating country for wireless headsets in Asia-Pacific, owing to high growth of the mobile device industry. According to the World Bank, the number of internet users has been showing a high growth rate in the past years,

indicating strong demand for allied electronic devices using headsets.

“Wireless headsets market in Asia-Pacific is an industry that is heavily dependent on the mobile device industry. Countries with rapidly growing mobile device industries such as India, China and Philippines are expected to significantly drive the market, as the applications for wireless headsets have tremendous scope in the personal space as well as the corporate space. Moreover, the advent of online streaming services such as Netflix, Amazon Prime and Hulu is a key factor for the growth of the wireless headsets industry, as consumers like to enjoy these services

Industry Brief

on their personal devices, encouraging them to buy wireless headsets.”, said Mr. Karan Chechi, Research Director with TechSci Research, a

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research based global management consulting firm.

© TechSci Research

Sample Data-Snapshot Global Wireless Headsets Market Size, By Value (USD Million), By Volume (Million Units), 2013 – 2023F

2013

2014

2015

2016

2017

2018E

By Value (USD Million)

2019F

15.00%

35.00%

Online

14.50%

30.00% India

25.00% 20.00%

Japan

15.00%

South Korea China

10.00%

Rest of APAC

5.00%

Philippines

0.00% 0.00

1.00

Low

2023F

Index, By Distribution Channel, By Value, 2018E-2023F

CAGR (2018E-2023F)

CAGR (2018E-2023F)

2022F

Asia-Pacific Wireless Headsets Market Attractiveness

Country, By Value, 2018E-2023F

Sample Data-Snapshot

2021F

By Volume (Million Units)

Asia-Pacific Wireless Headsets Market Attractiveness Index, By

12

2020F

14.00% 13.50%

Exclusive Stores

13.00% 12.50% 12.00%

Multi-Branded

11.50% 11.00%

Hypermarket/ supermarket

10.50% 2.00

Medium

3.00

4.00 High

Stores

10.00% 0.00 Low

0.50

1.00 Medium

1.50

2.00

2.50

High © TechSci Research

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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