Posted On: 2021-01-28
The Wired headsets acquire the largest revenue share in the India headset market – 6WResearch
Owing to the booming digitalization of the country, along with rising demand for headsets from the rising IT/BPO sector and gaming industry, the India Headset market witnessed moderate growth during the period 2017-2020 underpinned by rapid growth in the entertainment industry. The rising number of subscribers on OTT platforms and audio streaming services is the major factor driving the growth of the headset market in India. Moreover, the outbreak of the COVID-19 pandemic acted as a boon for the headsets market owing to the work from home conditions which accelerated the use of headsets while communicating for business purposes, listening to music and other entertainment activities. The stringent lockdown imposed across the country forced the people to stay at home and most of the entertainment activities were confined to online platforms.
According to 6Wresearch, the India Headset Market is projected to grow at a CAGR of 4.7% during 2021-2027F. The major demand for headsets is generated by the general public for personal use headsets. The rising online education sector has also pushed the usage of headsets among the Indian population. The COVID-19 crisis led to the rise of online education as the schools, colleges were shut and the professionals also took this time as an opportunity for upskilling themselves through various online education portals. The demand for online education would increase in the coming years owing to the growing adoption of internet-based services, thus, augmenting the demand for headsets over the coming years. As a result of the ongoing digitalization, increasing internet subscribers and affordable internet services, people are switching to online mode for most of the entertainment activities that include listening music or attending digital concerts, podcasts, movies, TV series, as well as online workout sessions and online sports events which would bolster the demand for headsets in India during the forecast period.
According to Alpana Tyagi, Research Analyst, 6Wresearch, “Wired headsets held the majority share in the India headset market revenues on account of its relatively lesser price as compared to its wireless counterpart and no requirement of charging the battery. However, wireless headsets would witness rapid growth, in the coming years, on account of its hassle-free and convenient nature without the long tangling wires.”
According to Rahul Dubey, Research Associate, 6Wresearch, “Personal headsets dominated the Indian headset market revenues, owing to the large consumer base for these headsets. However, commercial headsets acquired the second position in the India headset market revenues on account of the rising IT/BPO sector and the growing music industry of the country.”
“India Headset Market (2021-2027F)” report provides an in-depth analysis with 22 figures and 5 tables, covered in 85 pages. The report estimates and forecasts the India Headset Market by Technology, Type, Microphone Type, Distribution Channel and Region. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.