The report forecasts the global smart headphones market to grow at a CAGR of 19.35% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which is playing a big role in boosting market growth is the improved noise cancellation mechanism. As of 2015, most headsets have the noise-cancelling feature. They use a negative feedback loop to eliminate the unwanted ambient sound. Headphone manufacturers use different technologies to eliminate or reduce noise, providing users with an optimal sound experience.
According to the report, a key growth driver is the popularity of sports headphones. The biometric sports tracking headphones have grown in prominence since their inception. These headphones have the features of tracking the heart rate, distance covered, and calories burnt. Despite there being no shortage of heart rate monitors in the market, for many users, headphones are part of their training gear. Also, adding a smart heartrate sensor only enhances the application of these headphones.
Further, the report states that one challenge that could hamper market growth is the health risk associated with continued use.