The latest report by MarkNtel Advisors, titled “India Headphones and Earphones Market Report 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 Sales Channel (Online, Offline [Exclusive, Multi-brand]), By Price Category (Budget, Economy, Premium), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the India Headphones and Earphones Market research report.
What is the market outlook for India Headphones and Earphones?
The India Headphones and Earphones Market size is estimated to grow at a CAGR of around 5.8% during the forecast period 2024–30.
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Major Companies Operating in the India Headphones and Earphones Industry:
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
India Headphones and Earphones Market Report Segmentation:
By Connectivity
-Wired
-Wireless
- The wireless segment has been holding a significant share of the headphones and earphones market in the past few years.
By Application
-Sports & Fitness
-Gaming
-Media & Entertainment
-Professional Use
-Virtual Reality
By Type
-In-Ear
-On-Ear
-Over the Ear
By Sales Channel
-Online
-Offline
–Exclusive
–Multi-brand
By Price Category
-Budget
-Economy
-Premium
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/india-headphones-earphones-market.html
Regional Insights:
By Region
- North
- West
- East
- South
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.
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