Thu. May 6th, 2021
Global TWS Earbuds Market to Grow 33 Percent YoY in 2021, Apple to Remain Leader: Counterpoint

International actually wireless (TWS) earbuds marketplace will develop 33 % yr-on-yr in 2021 and attain 310 million units, in accordance to marketplace analysis company Counterpoint. The company mentioned that the proportion of income of the lower- to mid-finish designs has greater a lot quicker than anticipated due to the financial downturn and associated uncertainties. That development has also influenced the marketplace functionality of large-finish brand names. Nonetheless, corporations together with Apple, Xiaomi, and Samsung led the marketplace in 2020, and are anticipated to retain their leadership positions this yr. The trend of operating and learning from household owing to the COVID-19 pandemic is also possible to perform a crucial function in the segment’s development in 2021.

Counterpoint in its International Hearables (TWS) Industry Forecast, 2021-2023 report, has predicted a significant development in the international TWS earbuds marketplace in 2021. Apple will preserve its leadership by marketing about 84 million units of its AirPods, although it will drop its share by 4 % from 2020, in accordance to the report. And Xiaomi and Samsung are forecast to retain their 9 and 7 % marketplace share, respectively.

The marketplace of TWS earbuds will make aggressive moves in the fourth quarter of 2021 about the time when Apple and other brand names are anticipated to launch their new items, the report mentioned.

“Most anticipated is a new release from Apple, its initially in two many years. We count on it to be one particular of the most significant drivers of TWS marketplace development from Q4 2021 to the up coming yr,” mentioned Liz Lee, a senior analysis analyst at Counterpoint.

Apple is predicted to proceed its leadership in the TWS earbuds marketplace globally in 2021
Photograph Credit score: Counterpoint

 

Despite the fact that Apple is anticipated to proceed its leadership, the analysis company predicts that there will be large development of the lower- to mid-finish section, which will proceed as a result of the yr. The trend will, nonetheless, steadily shift to the mid- to large-value section in the potential, Lee mentioned.

“Most premium brand names will include state-of-the-art characteristics and different functions to their new designs and make large worth addition in the extended phrase. Meanwhile, lower- to mid-priced brand names will even more improve value competitiveness to compete for marketplace share,” she extra.

In 2020, Counterpoint mentioned that the marketplace of TWS earbuds grew 78 % yr-on-yr and somewhat exceeded the preliminary yearly estimate for the yr to attain 233 million units. Nonetheless, lower- and mid-value section items had been mentioned to be the development drivers in 2020.


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