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Home Consumer products and Retail Consumer Electronics India Audio Accessories Market in Consumer Segment will be Largely Driven by...

India Audio Accessories Market in Consumer Segment will be Largely Driven by High Priced Wireless devices with Built in Smart Features: Ken Research

Sale of smart devices is expected to dominate the market in future. Products in the premium category are expected to be loaded with features based on AI.

Tier 2 Cities are fast moving towards medium and premium price category and smaller towns and villages are upgrading to low and medium priced branded products reducing the dominance of fake and non labelled goods in these regions.

Hybrid audio devices that can serve the purpose of both wearable and speaker can find larger customer base as technology and product innovation in the segment gets boost.

Expected Market Growth and Structure: Growing consumer awareness and rising number of low priced products in leading product segment from Indian brands will help the market to migrate towards branded products. Growth will be largely driven by high priced quality based products from leading brands in audio accessories market. Products like truly wireless earphones, high IPX rated smart bluetooth speakers and wearables will become key revenue drivers. These will mainly cater the low volume high value segment of the Indian Audio accessories market.

Removal of Audio Jacks from the Premium Smartphones: Many leading smart phone manufacturers in are removing the Audi jack from their phones. As of June 2019, phones without a headphone jack are Google Pixel 3 and successors, iPhone XS, XS Max and XR, Motorola Moto Z3 and Z3 Play, OnePlus 6T and successors, Sony Xperia XZ2 and XZ2 Compact, HTC U12 Plus, Huawei Mate 20 Pro and others.

This will significantly boost the current sale of high value wireless earphones and in future will become key driver for wireless devices as majority of the audio accessories (consumer segment) are used using mobile phones or laptops.

Improving Availability of Branded Products in Non Metro Cities: Companies are working on improving the last mile delivery in smaller towns and villages. This will significantly help in penetration of branded products in these markets. Collaborating with existing local delivery companies, emerging delivery startups and Indian post has helped the cause.

Analysts at Ken Research in their latest publication India Audio Accessories Market Outlook to 2023 – By Type (Headphones, Earphones, Bluetooth Speaker and 2.1 Speaker), By Sales Channel (Online and Offline), and By Region (North, South East and West) expect that with introduction of new technology and growing demand from smaller cities will continue to have positive impact on the market. The focus on development of premium segment will lead higher promotion through offline marketing channels. It is expected that Indian audio accessories will register a five year CAGR of 8.7% during the period 2018-2023.

india-audio-accessories-market

Key Segments Covered:-

By Accessories

Headphone and Earphone, Blue tooth Speaker, and 2.1 Speaker

By Branded and Fake/Non Labeled

By Headphone and Earphone Market

North, South, East, and West

Metro and Non Metro

By Online and Offline

By Wired and Wireless

By Price Category

By Bluetooth Speaker Market

North, South, East, and West

Metro and Non Metro

By Online and Offline

By Wired and Wireless

By Price Category

By 2.1 Speaker Market

North, South, East, and West

Metro and Non Metro

By Online and Offline

By Wired and Wireless

By Price Category

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023

Companies Covered:-

Bose

Sony

Sennheiser

Zebronics

Portronics

Jabra

Intex

Harman

JBL

Apple

Samsung

Sony

Boat

For More Information, refer to below link:-

India Audio Accessories Market

Related Reports:-

The US Smart Wearable Devices Market by Type (Fitness Bands, Smart Watch, Smart Eyewear and Others), by Distribution Channel (Online, EBOs, MBOs, Others) – Outlook to 2021

Asia Pacific Large Appliances Market Outlook to 2020 – Future Growth to be Driven by Emerging Countries and Rising Replacement Demand

India Large Appliances Market Outlook to 2020 – Make in Initiatives to Reduce Imports and Growing Demand for Sensor Enabled Products to Drive Demand

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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