More than 500 million retail headphones/headsets were shipped in 2023 and shipments are forecast to grow at a CAGR of almost 3% from 2024 to 2029. A wide range of headphone types are sold, and this is expected to continue.
TWS has clearly been the major growth driver since 2017 and is expected to continue to dominate.
Many other headphone types are sold, and this is expected to continue. We cover 16 different types on DATAportl. While many markets have been eroded by the growth in TWS, there are still some that are expected to grow over the next 5 years, including XR headsets, audio eyewear, medical hearing aids and DTC/OTC hearing aids.