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Global Headphone Market 2015-2019

Headphones are devices used for listening to audio from radios, MP3 players, smartphones, desktops, laptops, gaming consoles, and other portable audio and video devices. They comprise small speakers placed close to a user’s ears. Many headphones are also equipped with microphones.

Global Headphone market to grow at a CAGR of 12.70 percent in terms of revenue over the period 2014-2019. In terms of volume, the market is forecasted to grow at a CAGR of 4.18 percent.

About the Report

The latest report emphasizes the evolution of technology, which has resulted in significant growth of the mobile phone market in recent years. Vendors are constantly enhancing their existing products by using new technologies for improved sound quality and a better hearing experience.

“Technologies like sound retrieval system or SRS, noise cancellation, extra bass and Dolby Digital sound provide an enhanced listening experience for consumers,”.

“DTS, an audio technology developer, included its trademark DTS technology in Headphone X to recreate the sound of speakers in a closed room.”

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Headphone market for the period 2015-2019. To calculate the market size, the report considers the global shipment and the revenue generated from the sales of headphones. Based on the type of product, the market is segmented into In-ear Headphones, On-ear Headphones, and Over-ear Headphones. Based on technology, the market is segmented into Wired Headphones and Wireless Headphones. The report consists of a detailed study of the market according to geographical segments and key leading countries. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Global Headphone Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Headphone market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The report also draws attention towards the rapid adoption of over-ear headphones. There is a great demand for wireless over-ear headphones equipped with Bluetooth, NFC technology and touch-sensing controls.

“Companies like Velodyne, House of Marley, Crosley and Jabra are introducing unique features in over-ear headphones for all price ranges to increase their competitive strength in the market,”

New mobile payments apps are preparing for the launch of the iPhone’s own option.

As Apple Pay is now on its way to Canadian consumers, the UGO mobile wallet is getting itself ready to deal with a market that will have a much larger amount of stiff competition to face.

The mobile wallet was created by UGO Mobile Solutions LP, with the backing of two Canadian banks.

That mobile wallet was first launched in December, and has managed to accumulate 50,000 users since that time, but it is now facing a considerable threat as Apple Pay heads out of the United States and into some additional countries around the world. Users of UGO are able to complete mobile payments transactions through the credit cards that have been issued by either Toronto Dominion Bank or President’s Choice Financial. This allows users to pay for purchases by tapping their NFC enabled smartphones against wireless terminals installed at retail checkout counters. That app also supports the loyalty cards of those retailers.

Now, UGO and other mobile wallets are getting ready to have to contend with Apple Pay, a very large entry.

UGO isn’t alone in facing the Apple mobile payments threat as it enters the Canadian space. Other local players such as Suretap – a mobile wallet created by Rogers Communications Inc, one of the largest wireless carriers in the country – is also finding itself preparing for the change in the competition.

Apple has already sent its mobile payments service into the United Kingdom and is going to take that service into a number of other countries, including Canada, before the end of the year. While many customers are interested in seeing their iPhone 6’s and 6 Plus’s in action at the checkout counter, it has yet to be known exactly how much interest there is in this market space among Canadians.

UGO is geared up to sign up as many active users as it can before the arrival of Apple Pay. Alec Morley, its chief executive officer, explained that the company is currently on track to serve 100,000 unique users by the end of the year, who will be using over 250,000 cards to pay for their purchases through this service.