Market Research Report

India Headphones and Earphones Market Research Report: Forecast (2024-2030)

By Connectivity (Wired, Wireless), By Application (Sports & Fitness, Gaming, Media & Entertainment, Professional Use, Virtual Reality), By Type (In-Ear, On-Ear, Over the Ear), By S...ales Channel (Online, Offline [Exclusive, Multi-brand]), By Price Category (Budget, Economy, Premium), By Region (North, West, East, South), By Company (Imagine Marketing Ltd.(boat), Noise Retail Private Ltd., Apple Inc., Xiaomi, BBK Electronic Corporation Ltd., Samsung Corporation, Sony Corporation, Sennheiser, Bose Corporation, Harman International, Others) Read more

  • FMCG
  • Nov 2023
  • 184
  • PDF, Excel, PPT

Market Insights & Analysis: India Headphones and Earphones Market (2024-30):

India's Headphones and Earphones Market size is estimated to grow at a CAGR of around 5.8% during the forecast period, i.e., 2024-30. The growth of the headphones and earphones market imputes to the adoption of work from home & hybrid work culture, increasing growth of E-commerce, social media, government support, etc. During historical years, the rapid shift towards work-from-home culture owing to the pandemic lockdown, increased demand for headphones that provide clear audio, noise cancellation, comfort, and performance features. Headphones and earphones have evolved into essential instruments in the remote work environment, serving crucial roles in facilitating communication, enhancing concentration, ensuring privacy, and boosting productivity.

The e-commerce industry is the major factor for the growth of the market. The main drivers of the E-Commerce industry growth in India are the mounting internet user base and low data costs provided by telecom operators. According to the Data Portal, internet penetration in India has increased fourfold in the past decade, rising from around 12.6% penetration nationwide in 2012 to about 48.7% penetration in 2022.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 5.8%
Region Covered North, West, East, South
Key Companies Profiled Imagine Marketing Ltd.(boat), Noise Retail Private Ltd., Apple Inc., Xiaomi, BBK Electronic Corporation Ltd., Samsung Corporation, Sony Corporation, Sennheiser, Bose Corporation, Harman International, Others
Unit Denominations USD Million/Billion

 

Biggest headphone companies such as Sony, boAt, and Apple Inc., are now selling their headphones and audio devices online, offering discounts that result in profitable transactions and increased unit sales. The growth of the Indian e-commerce industry has had a significant impact on the headphones market size in recent years. Consumers could now check specifications and user feedback before making a purchase. Home delivery and flexible payment options have also increased the accessibility of these devices to new customers.  

Furthermore, following the pandemic, new paradigms of work culture, notably the adoption of concepts like "Work from Anywhere" (WFA) and "Hybrid Work," have gained prominence worldwide, including in India. Several biggest companies in India, including KPMG, Airtel, Wipro, TCS, and others, have embraced this evolving work mode. It allows these companies to pursue their business objectives seamlessly while also offering employees an improved work-life balance.

As this flexible work model continues to be adopted by a growing number of companies, the demand for headphones is expected to increase. Headphones have become indispensable tools for virtual meetings and various other work-related activities in this evolving work environment. This heightened demand is poised to fortify and expand the headphone and earphones market in the foreseeable future.


India Headphones and Earphones Market Research Report: Forecast (2024-2030)

India Headphones and Earphones Market Driver:

Rapid Growth of the OTT Industry in the Country – The OTT industry in India has been rapidly growing over the past few years, driven by the increasing internet penetration coupled with low internet cost, the availability of affordable smartphones, and a diverse range of content offerings. In recent years India has enjoyed services from over 30 OTT providers including the biggest domestic and international players like Netflix, Amazon Prime, Disney+ Hotstar, Zee5 Eros, etc.

According to the Parliament Library and Reference Research 2021, around 29 million subscribers paid for about 53 million OTT video subscriptions in 2020. The OTT industry is estimated to boom in the coming years due to advancements in technology, such as 5G networks, enhanced data infrastructure, and improved user experiences. In addition, collaborations with international content creators and platforms could further contribute to the growth. As the OTT platform bolsters the headphone market size is also expected to rise in the future years owing to personalized viewing experience, privacy & convenience, enhanced audio quality, etc.

India Headphones and Earphones Market Opportunity:

Bourgeoning Growth of Gaming Industry to Boost Market Growth – India stands as one of the world's largest emerging gaming markets, boasting approximately 421 million online gamers in 2022, as reported by the National Investment Promotion and Facilitation Agency. The growth of IT infrastructure, fuelled by the widespread use of smartphones and high-speed internet, plays a pivotal role in propelling the industry forward. Furthermore, factors such as increasing foreign direct investment (FDI), the adoption of UPI, and government initiatives like Digital India and the National eSports Policy are expected to provide significant boosts to the gaming sector in the coming years.

The Ministry of Commerce and Industry projects around 20% growth in the gaming sector by FY25, reaching a value of USD 3.23 billion. As the gaming industry places a strong emphasis on immersive experiences, competitive gaming, and online multiplayer interactions, the demand for high-quality gaming headphones is expected to soar. These specialized headphones cater to gamers' unique preferences, enhancing their overall gaming experiences. With the gaming industry's continued expansion, the headphone and earphones market size is poised for significant growth in the forecast period.

India Headphones and Earphones Market Challenge:

Regulatory Control on Frequency Spectrum – The frequency spectrum used by audio equipment is subject to stringent regulatory controls in India. These regulations are in place to prevent interference with other wireless devices and ensure efficient spectrum utilization. Complying with these regulations could be a complex and costly process for headphone manufacturers. Adherence to these controls could limit the flexibility and choice of frequencies available for wireless audio transmission, potentially affecting the performance of wireless headphones and earphones. Therefore, this regulatory control presents a challenge for the India Headphones and Earphones Market.

India Headphones and Earphones Market Trend:

Increasing Product Innovation Accelerates Market Growth – In India Headphones and Earphones Market, product innovation has emerged as a prominent trend driving consumer demand in recent years. The biggest headphones and earphone companies such as BoAt, Noise, Sony, etc., are increasingly innovating their product with advanced technologies such as noise-cancelling technology, extended battery life, advanced audio quality, etc. For instance,

  • In 2023: Sony Corporation launched two new wireless headphones the WH-CH72ON and the WH-CH520 affordable headphones with a claimed battery life of 50hrs on a single charge, enhanced noise cancellation feature, reducing ambient noise, and providing a more immersive listening experience.

This trend in the headphones and earphones market is aligning with consumer preferences for enhanced functionality, style, comfort, and performance. Further, this innovation aimed to stay ahead of the rising competition in the market. Therefore, this has led to an increasing growth in the headphones and earphones market size in recent years that cater to various lifestyles and use cases in the country.

India Headphones and Earphones Market (2024-30): Segmentation Analysis

India Headphones and Earphones Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the national level. According to the analysis, the market has been further classified as:

Based on Connectivity:

  • Wired
  • Wireless

The wireless segment has been holding a significant share of the headphones and earphones market in the past few years. Wireless headphones are considered because they provide a convenient and comfortable listening experience. It allows users to move around freely without being tethered to a device and eliminates the need for cords, which can be a hassle. Additionally, many newer wireless headphones offer high-quality sound and advanced features such as noise-cancellation and touch controls. Therefore, consumers prefer to choose wireless headphones due to their features and ease of handling, over wired headphones.

Moreover, The Indian headphones and earphones market is witnessing heightened competition and the entry of new players, particularly in the wireless segment. Global manufacturers like Nothing, Google, and LG have recently ventured into India, offering a broader range of wireless headphone choices and intensifying competition. For instance, in 2021 Google launched its first wireless headphone Pixel Buds A series to the India Market. This growing entrance of new players creates a wider variety of wireless headphone options in the Indian market, catering to diverse consumer preferences.

This influx of new players has expanded the variety of wireless headphones and earphones available, catering to diverse consumer preferences for music, calls, gaming, and more. With competitive pricing and increased options, the India Headphone and Earphones Market is poised for substantial growth during 2024-2030 as more consumers adopt wireless headphones and earphones.

Based on Application:

  • Sports & Fitness
  • Gaming
  • Media & Entertainment
  • Professional Use
  • Virtual Reality

The media & entertainment segment has held the major share of the market in the India Headphones and Earphones Market. The music streaming sector in India has witnessed surging growth in recent years owing to the availability of affordable data plans, expansion of OTT platforms, and the presence of a wide range of music content, including regional and international music.

Every individual has a different attitude towards listening to music. Consumers usually prefer to listen to music with earphones and headphones without disturbing others. Additionally, gym goers and sports players increase the market of headphones for music listening during workouts and exercising, cycling, etc. Normally consumers listen & watch videos, music, and movies, using earphones and headphones to boost the fun, as it provides immersive sound quality that enhances the cinematic experience. They deliver direct audio to the ears without the addition of external noise, which makes individuals choose headphones while watching and listening to movies and music.

Moreover, additional factors such as the progress of digital payment solutions in India has made it easier for users to subscribe to premium music streaming service, further driving the revenue for the music platforms, and enabling increased adoption of headphones and earphones.

India Headphones and Earphones Industry Recent Development:

  • In 2023, BoAt joined Open Network for Digital Commerce (ONDC), an initiative by the government to democratize e-commerce. Through this, the company aims to reach a more varied segment of customers.
  • In 2023, Harman-owned JBL launched the Tour One M2 headphones in India featuring spatial audio. This headphone comes with a hybrid true adaptive ANC with the company’s pro-tuned drivers.

Gain a Competitive Edge with Our India Headphones and Earphones Market Report

  • India Headphones and Earphones Market Report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • India Headphones and Earphones Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. India Headphone and Earphones Market is expected to grow at a CAGR of around 5.8% during 2024-2030.

   A. The rapid growth of the OTT industry is expected to drive the Headphones and Earphones Market during 2024-2030.

   A. Imagine Marketing Ltd. (boAt), Noise Retail Private Ltd., Apple Inc., Xiaomi, BBK Electronic Corporation Ltd., Samsung Corporation, Sony Corporation, Sennheiser, Bose Corporation, Harman International, and others are the top key companies in India Headphones and Earphones market.

   A. Wireless headphones held the largest share of India Headphones and Earphones Market.

   A. Increasing product innovation is the key trend shaping the growth of the India Headphones and Earphones Market.

   A. The bourgeoning growth of the gaming industry is the growth opportunity driving the India Headphones and Earphones Market during 2024-30.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. India Electronic Hardware Industry, Outlook 2023
    1. Electronic Manufacturing Scenario
    2. Foreign Direct Investment(FDI)
    3. Government Policies and Schemes
  5. India Headphones and Earphones Market Supply Chain Analysis
  6. India Headphones and Earphones Market Trends & Development
  7. India Headphones and Earphones Market Dynamics
    1. Drivers
    2. Challenges
  8. India Headphones and Earphones Market Growth Opportunities & Hotspots
  9. India Headphones and Earphones Market Policy & Regulations
  10. India Headphones and Earphones Market Outlook, 2019-2030F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Unit Sold (Thousand)
    2. Market Share & Outlook
      1. By Connectivity
        1. Wired- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        2. Wireless- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      2. By Application
        1. Sports & Fitness- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        2. Gaming- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        3. Media & Entertainment- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        4. Professional Use- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        5. Virtual Reality- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      3. By Type
        1. In-Ear- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        2. On-Ear- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        3. Over the Ear - Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      4. By Sales Channel
        1. Online - Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        2. Offline - Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
          1. Exclusive- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
          2. Multi-brand- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      5. By Price Category
        1. Budget- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        2. Economy- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
        3. Premium- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      6. By Region
        1. North
        2. West
        3. East
        4. South
      7. By Company
        1. Market Share & Analysis
        2. Competition Characteristics
        3. Top Selling Brands
  11. India Wired Headphones and Earphones Market Outlook, 2019-2030FF
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Unit Sold (Thousand)
    2. Market Share & Outlook
      1. By Application- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      2. By Type - Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      3. By Sales Channel - Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      4. By Price Category- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      5. By Region- Market Size & Forecast 2019-2030F, (USD Million)
  12. India Wireless Headphones and Earphones Market Outlook, 2019-2030FF
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Unit Sold (Thousand)
    2. Market Share & Outlook
      1. By Application- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      2. By Type - Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      3. By Sales Channel - Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      4. By Price Category- Market Size & Forecast 2019-2030F, (Unit Sold Vs Revenues)
      5. By Region- Market Size & Forecast 2019-2030F, (USD Million)
  13. India Headphones and Earphones Market Key Strategic Imperatives for Growth & Success
  14. Competitive Benchmarking
    1. Company Profiles
      1. Imagine Marketing Ltd.(boat)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Noise Retail Private Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Apple Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Xiaomi
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. BBK Electronic Corporation Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Samsung Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Sony Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Sennheiser
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Bose Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Harman International
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  15. Disclaimer


India Wired Headphones and Earphones Market Segmentation