July 17, 2020
According to the research report titled ‘Global Active Noise Cancellation Headphones Market Size study with COVID-19 impact, by Product Type (In Ear, On Ear, Over Ear), by Price Range (Premium, Moderate, Low), by Distribution Channel (Retail, Online) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global active noise cancellation headphones market was worth USD 4.7 billion in the year 2019 and is expected to showcase a y-o-y growth rate of 14% between 2020 and 2026.
Notably, active noise cancellation headphones are known for reducing unnecessary ambient sounds by using active noise control technology. This allows users to listen to audio content without the need for increasing the volume.
Rising penetration of smartphones along with growing demand for advanced audio technologies are key factors driving the growth of global active noise cancellation headphones industry. Increasing preference towards using headphones that provide high audio quality is further aiding the market expansion. According to the CISCO Annual Internet Report, the number of mobile users totaled to 5.1 billion in 2018 and is expected to increase by 2.25% in the forthcoming years, reaching 5.7 billion by the year 2023.
Similarly, Zenith’s Mobile Advertising Forecasts stated that total smartphone subscribers in India were 530 million in 2017 whereas China accounted for highest number of smartphone users in Asia-Pacific with 1.3 billion users.
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Noise cancellation headphones help passengers to sleep in noisy commute such as a plane. In aviation industry, the product aids in raising the signal-to-noise ratio significantly which further enables in hearing vital information clearly, in turn stimulating the demand for active noise cancellation headphones.
However, the recent COVID-19 pandemic has not only resulted in fluctuating demands of raw materials, but also led to inefficiency in production processes as well as disrupted the supply of electronic components, thereby negatively influencing the market outlook. Additionally, need for technological expertise and high capital investments for developing active noise cancellation headphones may further inhibit the market expansion.
From the regional point of view, North America active noise cancellation headphones industry is expected to register significant growth during the forecast period, primarily driven by rising millennial population in tandem with increasing utilization of smartphones and other advanced technologies.
Meanwhile, Asia-Pacific market is slated to amass considerable revenues in the forthcoming years. High concentration of leading players and rising adoption of smartphones among young population are favoring the market scenario in APAC.
Phiaton Corp., Monster Cable Products, Inc., Syllable Corporation, Plantronics, Inc., Sennheiser Electronic GmbH & Co. KG, Logitech UE, Bose Corporation, Sony Corporation, Beats Electronics LLC and Audio-Technica Corporation are the major companies in worldwide active noise cancellation headphones industry.