World actually wi-fi (TWS) earbuds market will develop 33 % year-on-year in 2021 and attain 310 million items, in line with market analysis agency Counterpoint. The agency mentioned that the proportion of gross sales of the low- to mid-end fashions has elevated quicker than anticipated because of the financial downturn and associated uncertainties. That development has additionally influenced the market efficiency of high-end manufacturers. Nevertheless, firms together with Apple, Xiaomi, and Samsung led the market in 2020, and are anticipated to retain their management positions this 12 months. The development of working and finding out from residence owing to the COVID-19 pandemic can be prone to play a significant function within the section’s development in 2021.
Counterpoint in its World Hearables (TWS) Market Forecast, 2021-2023 report, has predicted a substantial development within the international TWS earbuds market in 2021. Apple will preserve its management by promoting round 84 million items of its AirPods, although it’s going to lose its share by 4 % from 2020, in line with the report. And Xiaomi and Samsung are forecast to retain their 9 and 7 % market share, respectively.
The market of TWS earbuds will make aggressive strikes within the fourth quarter of 2021 across the time when Apple and different manufacturers are anticipated to launch their new merchandise, the report mentioned.
“Most anticipated is a brand new launch from Apple, its first in two years. We count on it to be one of many largest drivers of TWS market development from This fall 2021 to the subsequent 12 months,” mentioned Liz Lee, a senior analysis analyst at Counterpoint.
Though Apple is anticipated to proceed its management, the analysis agency predicts that there will probably be excessive development of the low- to mid-end section, which is able to proceed by means of the 12 months. The development will, nevertheless, progressively shift to the mid- to high-price section sooner or later, Lee mentioned.
“Most premium manufacturers will add superior options and numerous capabilities to their new fashions and create excessive worth addition in the long run. In the meantime, low- to mid-priced manufacturers will additional improve worth competitiveness to compete for market share,” she added.
In 2020, Counterpoint famous that the market of TWS earbuds grew 78 % year-on-year and barely exceeded the preliminary annual estimate for the 12 months to achieve 233 million items. Nevertheless, low- and mid-price section merchandise had been mentioned to be the expansion drivers in 2020.