Arizton's latest report states that the global wireless headphones market is anticipated to generate revenues of around $34 billion by 2024, growing at a compound annual growth rate (CAGR) of approximately 20% during 2018–2024. The research group says that, in 2017, AirPods accounted for 85% of earbuds sales in the U.S.
The smart headphones segment covered more than 50% of the total market share in 2018, according to Arizton. The research group also found that:
The incorporation of enhanced audio drivers is propelling the demand for high-fidelity wireless headphones in the market.
Vendors of true wireless headphones are incorporating higher IPx ratings in their products to cater to the rising demand from the sports and fitness segment.
The in-ear headphones segment covered the largest market share in 2018.
Sub-$100 wireless headphones are the fastest growing segment in the market, growing at a CAGR of around 22% by 2024.