How Many Earbuds Are Sold Every Year? (Statistical Data)

earbuds sold every year report

As of 2024, the Earbuds Market size stands at an estimated 273.54 million units, with a projected surge to an impressive 937.67 million units sold by 2029. This exponential growth, at a Compound Annual Growth Rate (CAGR) of 27.94% during the forecast period (2024-2029), underscores the pervasive adoption of earbuds worldwide (Mordor Intelligence).

A Bit About Earbuds Industry

The Earbuds Market presents a landscape of intense competition, primarily dominated by key players such as Apple, Samsung, Bose, and Sennheiser.

This industry is characterized by a high level of consolidation, with major market participants strategically investing in research and development to gain a competitive edge.

Furthermore, these players are expanding their market presence through strategic partnerships, mergers, and acquisitions.

Key PlayersNotable Achievements
AppleContinues to be a frontrunner in technological innovation.
SamsungRenowned for integrating cutting-edge features into their earbud products.
BoseA major player in delivering high-quality sound and innovative design.
SennheiserMaintains a strong market presence with a focus on audio excellence.

Recent Innovations and Product Launches

March 2023NothingTWS Earbuds– Personalized Active Noise Cancellation (ANC)
– Adjustable ANC preferences
– “Transparency modes” for external sounds during music playback
August 2022Sony IndiaLinkBuds– Unique open ring design
– Acoustic transparency, exceptional fit, and crystal-clear sound
April 2022BoatAirdopes 500 Hybrid ANC– Up to 35dB hybrid active noise cancellation
– Ambient mode activation with a simple swipe
– Sweat-resistant silicone construction

The dynamic nature of the Earbuds Market is evident in the strategic moves made by industry players:

  • In March 2023, Nothing, under the ownership of Carl Pei, introduced TWS earbuds with customizable ANC and “Transparency modes,” enhancing the user experience.
  • Sony India, in August 2022, disrupted the market with LinkBuds, featuring a distinctive open ring design for acoustic transparency and superior sound quality.
  • Boat significantly impacted in April 2022 by launching Airdopes 500 with hybrid ANC, offering users a seamless experience with advanced noise cancellation and ambient mode activation.

Why Are Earbuds Sales Increasing Every Year?

The technological evolution within the earbuds landscape is a pivotal driver of this growth. Innovations like Active Noise Cancellation (ANC) have revolutionized users’ auditory experiences.

These wireless smart earphones are equipped with sensors and chargeable carry cases, facilitating playback control and activating voice assistants such as Siri, Google Now, Cortana, and Alexa.

The market is witnessing a shift towards aesthetic design to enhance consumer appeal.

Below are the main reasons why people prefer buying earbuds:

Growing Penetration of Smartphones:

The increasing integration of earbuds with smartphones is a significant factor propelling market demand.

Smartphone shipments are expected to witness a three per cent growth, reaching 154.1 million units by January 2022 (Consumer Technology Association).

Leading vendors strategically incorporate voice assistance features, catering to consumers’ preferences for enhanced convenience.

Smart Features for Health-Conscious Users:

Smart earbuds are now equipped with advanced features, enabling users to monitor vital signs such as heart rate and calories burned during workouts.

Tailored for athletes and health-conscious individuals, these products signify a shift towards multifunctional utility.

IPX Certification and Water Resistance:

Vendors are increasingly implementing IPX certifications to enhance the durability of earbuds.

The IPX7 certification, indicating resistance to submersion in one meter of water for up to 30 minutes, caters to consumer demand for portability, especially in settings like gyms and smartphone connectivity.

What Features People Prefer in Earbuds?

Based on a survey conducted in the United States, here’s a detailed tabulation of the top 5 features that users value the most:

Table 1: Headphone Feature Rankings

RankHeadphone FeatureImportance (%)
1Sound Quality75
what people prefer in earbuds, data by statisitica in US market
Source: Statistica

Breakdown of TWS Hearables Sold Every Year Till 2021

statistica data for tws hearables sold every year
Source: Statistica

How Big Can the Earphones Market Grow in the Coming Year?

The earphone market is expected to rise to US$ 26,470.6 million by 2033, the market is on a trajectory of substantial expansion. This growth is expected to be sustained, with a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period from 2023 to 2033.

YearMarket Value (US$ Million)CAGR (%)
Source: Future Market Insights

According to GMinsights, the earphone market was valued at USD 74 billion in the year 2023. It’s estimated that this will grow by 11% between 2024 to 2032. The increasing demand for wireless gadgets in industries like gaming, fitness, and sports is the main reason behind this increase.

Source: gminsights

Key Market Trends and Highlights:

Specialized Gaming EarphonesGrowing demand for gaming earphones designed for immersive audio experiences and reduced input lag.
Customizable OptionsUtilization of e-commerce and Direct-to-Consumer (DTC) channels for direct customer reach, reducing distribution costs.
eCommerce and DTC Sales ChannelsUtilization of eCommerce and Direct-to-Consumer (DTC) channels for direct customer reach, reducing distribution costs.
Smartphone Adoption ImpactWidespread smartphone adoption acting as a catalyst, with earphones becoming popular accessories to mobile devices.

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