The consumer headphone market has risen steadily almost $15.5 billion in annual sales in 2016, and is forecast to see continued strong growth to be more worth more than $20 billion in 2020.
More than a billion wireless stereo headphones are expected to ship between 2016 and 2020 inclusive and total cumulative revenues for wireless stereo headphones are forecast to be more than $60 billion.
"Sensors are becoming increasingly important in stereo wireless headphones," Cooney said. "Initially driven largely by sports applications the market longer term will see strong demand for sensors in multi-use hearables."
The Asia-Pacific region is forecast to see strongest growth in wireless headphone sales with particularly strong growth in China.