Normal Headphone Sales

Normal Headphone Sales Market Outlook

The global headphone market is projected to reach approximately USD 53 billion by 2035, with a compound annual growth rate (CAGR) of about 8.5% during the forecast period from 2025 to 2035. This substantial growth in market size can be attributed to the rising consumer demand for enhanced audio experiences, driven by the increasing popularity of music streaming services, gaming, and video conferencing applications. In addition, advancements in wireless technology and noise-cancelling capabilities are contributing significantly to the growing preferences among consumers for high-quality headphones. The expanding trend of remote work and online education has also fueled the demand for headphones, as users require reliable audio devices for communication and learning. Furthermore, the increasing penetration of smartphones and other portable electronic devices is propelling the sales of headphones worldwide.

Growth Factor of the Market

The headphone market is experiencing robust growth, primarily driven by the surge in demand for high-quality audio devices across various applications. The proliferation of smartphones, tablets, and portable media players has significantly boosted the necessity for headphones, as consumers seek to enjoy music, podcasts, and virtual communication on the go. Additionally, the rise of remote working and e-learning has heightened the need for reliable audio solutions, leading to increased sales of headphones, especially in the noise-cancelling and wireless segments. Furthermore, technological advancements in audio quality and comfort, along with innovative designs, are enticing consumers to upgrade their audio equipment. As fitness enthusiasts increasingly incorporate music into their routines, the demand for sports-oriented headphones is also on the rise. Coupled with growing disposable income levels, these factors create a conducive environment for the continued growth of the headphone market.

Key Highlights of the Market

• Projected market size of USD 53 billion by 2035.
• CAGR of approximately 8.5% from 2025 to 2035.
• Increasing demand for wireless and noise-cancelling headphones.
• Rising popularity of music streaming and gaming applications.
• Expansion of online distribution channels driving sales growth.

By Product Type

Over-ear Headphones:

Over-ear headphones are designed to cover the entirety of the ear, providing an immersive audio experience while also offering superior sound isolation. These headphones are favored by audiophiles and professionals in the music industry due to their exceptional sound quality and comfort. Over-ear headphones are ideal for extended use, making them popular among users who engage in long listening sessions. The demand for premium over-ear models has surged, particularly in the professional audio production and home entertainment segments. Moreover, advancements in driver technology and the inclusion of features like active noise cancellation have further enhanced their appeal, positioning them as a leading product type in the headphone market.

On-ear Headphones:

On-ear headphones rest on the outer ear, striking a balance between portability and sound quality. Their compact design makes them a popular choice among commuters and casual listeners who appreciate the convenience of carrying them. With a growing focus on lifestyle-oriented products, many brands are now offering stylish and versatile on-ear headphones, appealing to fashion-conscious consumers. Although they may not provide the same level of sound isolation as over-ear models, on-ear headphones are gaining traction due to their lightweight nature and comfort. The market is witnessing the introduction of on-ear headphones with advanced audio features, further enhancing their attractiveness to a broad consumer base.

In-ear Headphones:

In-ear headphones, also known as earbuds, are compact audio devices that fit directly into the ear canal, providing a discreet listening experience. These headphones have become increasingly popular due to their portability and the rise of lifestyle trends favoring minimalism. With advancements in wireless connectivity, true wireless earbuds have gained significant market share, appealing to consumers seeking convenience and freedom of movement. The demand for in-ear headphones is particularly pronounced in the fitness sector, where users value their lightweight design and secure fit during exercise. As various brands introduce high-performance in-ear models with features like customizable sound profiles and sweat resistance, their market presence continues to expand.

Wireless Headphones:

Wireless headphones are revolutionizing the audio experience by eliminating tangled wires, providing users with unparalleled convenience and mobility. With the advent of Bluetooth technology, the demand for wireless headphones has surged, particularly among younger consumers who prioritize portability and ease of use. This segment comprises both over-ear and in-ear styles, with a focus on sound quality and battery life. The growing trend of smart devices and the integration of voice assistants are further driving the adoption of wireless headphones. As manufacturers continue to innovate with features like quick charging and touch controls, wireless headphones are poised for sustained growth in the market.

Noise-cancelling Headphones:

Noise-cancelling headphones are designed to reduce ambient noise levels, allowing users to enjoy their audio content without distractions. This product type has gained immense popularity in various sectors, including travel, office work, and entertainment, where noise isolation is essential. As urbanization increases and more people find themselves in noisy environments, the demand for noise-cancelling headphones is on the rise. Innovations in active noise cancellation technology are enhancing the performance of these headphones, making them highly sought after by consumers. Brands are also focusing on creating comfortable designs, ensuring that users can wear these headphones for extended periods without discomfort. Consequently, noise-cancelling headphones are becoming a staple in the headphone market.

By Application

Music and Entertainment:

The music and entertainment segment is the largest application for headphones, driven by the growing popularity of music streaming platforms, video content, and portable media consumption. Consumers are increasingly investing in high-quality headphones to enhance their overall listening experience, leading to a surge in demand for various headphone types. The evolution of portable audio devices has also contributed to increased headphone usage in this segment, as users seek to enjoy their favorite songs or movies on the go. Furthermore, the emergence of high-resolution audio formats is encouraging audiophiles to invest in premium headphones to experience superior sound quality, significantly impacting market growth.

Sports and Fitness:

As fitness enthusiasts increasingly incorporate music into their workout routines, the demand for headphones designed specifically for sports and fitness applications is on the rise. These headphones are typically lightweight, sweat-resistant, and offer secure fit options to ensure they stay in place during physical activities. The growing trend of fitness tracking and wearable technology has also fueled the need for compatible audio devices. Companies are innovating to create headphones that cater to the active lifestyle, enhancing features like battery life and sound quality to meet user expectations. This segment is expected to witness continuous growth as more individuals prioritize health and fitness.

Gaming:

The gaming industry has seen exponential growth, and with it, the headphone segment designed specifically for gaming has gained massive popularity. Gamers require headphones that offer immersive sound experiences and clear communication with teammates, making features like surround sound and built-in microphones essential. Major gaming events and the rise of esports have further increased the demand for specialized gaming headsets, which often come with unique designs and customizable features. As the gaming community continues to expand, the market for gaming headphones is expected to flourish, driven by new innovations and heightened consumer demand.

Virtual Reality:

The advent of virtual reality (VR) technology has created a unique demand for headphones that enhance the immersive experience. VR users require high-quality audio to complement the visuals and create a sense of presence in the virtual environment. Consequently, headphones that provide spatial audio and noise isolation are becoming increasingly popular in this application segment. The growth of VR gaming, training simulations, and virtual experiences in various industries is propelling the demand for specialized headphones. As technology advances, more developers are focusing on creating audio solutions that align with VR experiences, expected to drive significant growth in the market.

Others:

This segment includes various niche applications where headphones are utilized, such as in professional audio production, education, and telecommunication. Each of these areas presents unique requirements for audio devices, leading to tailored headphone designs to meet specific user needs. The education sector, for instance, is witnessing increased headphone usage due to the rise of online learning platforms, demanding high-quality audio for better comprehension. Similarly, professionals in audio production rely on high-fidelity headphones for accurate sound monitoring, driving demand for specialized models. As diverse applications for headphones continue to emerge, this segment is expected to experience steady growth.

By Distribution Channel

Online Stores:

The online distribution channel has significantly transformed the headphone market, providing consumers with a convenient shopping experience. With the increasing penetration of the internet and the growing popularity of e-commerce platforms, online sales of headphones have surged. Shoppers can easily access a vast array of brands, models, and price points from the comfort of their homes, facilitating informed purchasing decisions. Additionally, online retailers often offer competitive pricing and exclusive deals, further enticing consumers to choose this channel. The trend of online shopping is expected to continue driving growth in the headphone market, as more consumers opt for the ease and efficiency of purchasing headphones online.

Electronics Retailers:

Electronics retailers play a crucial role in the headphone market, providing consumers with a physical space to experience products firsthand. Many consumers prefer to test headphones before making a purchase, and electronics stores offer the opportunity to try various models. Retailers often feature dedicated headphone sections, showcasing the latest trends and innovations. Moreover, knowledgeable staff can assist customers in making informed choices based on their preferences and needs. Although online shopping is on the rise, the demand for brick-and-mortar electronics retailers will remain significant, particularly among consumers who value personal interaction and hands-on experiences.

Departmental Stores:

Departmental stores contribute to the headphone market by offering a variety of audio products alongside other consumer goods. This convenient shopping format attracts customers who prefer a one-stop shopping experience for their various needs. Departmental stores typically carry a range of headphone brands, catering to different price points and consumer preferences. Seasonal promotions and discounts often drive sales in this channel, allowing shoppers to find good deals on headphones. As retail landscapes evolve, departmental stores will continue to play a vital role in meeting consumer demand for headphones, bridging both online and offline shopping experiences.

Hypermarkets/Supermarkets:

Hypermarkets and supermarkets provide consumers with an accessible option for purchasing headphones while shopping for groceries and other essentials. While the selection may be more limited compared to specialized electronics retailers, these locations often carry popular brands and models at competitive prices. The convenience of picking up headphones during routine shopping trips makes this channel appealing to consumers seeking practicality. Promotions and bundled offers can also attract shoppers, increasing headphone sales in hypermarkets and supermarkets. As consumer behavior shifts toward convenience, this channel is likely to see continued relevance in the headphone market.

Others:

This segment encompasses various alternative distribution channels such as specialty audio stores, niche retailers, and direct sales from manufacturers. Specialty audio stores offer curated selections of high-quality headphones, attracting audiophiles and professionals seeking premium audio experiences. Niche retailers may focus on specific demographics or interests, providing tailored products for dedicated consumer bases. Additionally, direct sales from manufacturers can offer consumers exclusive models or limited-edition releases. While these channels may not have the same volume as larger retailers, they serve critical roles in providing unique products and personalized customer service in the headphone market.

By Price Range

Low-end:

Low-end headphones typically cater to budget-conscious consumers seeking basic audio solutions without compromising too much on quality. This price range includes models that offer essential features and decent sound performance, making them popular among casual listeners and young users. The increasing availability of affordable brands has contributed to the growth of this segment, as more consumers can access headphones at lower price points. Low-end headphones are often utilized for everyday activities such as commuting or casual listening, driving consistent demand in this category. Despite their lower price, innovations in this segment continue to enhance audio quality, allowing brands to compete effectively in the market.

Mid-range:

Mid-range headphones provide a balance between affordability and enhanced audio quality, appealing to consumers who seek better sound performance without breaking the bank. This price range typically includes a variety of models, from wireless options to noise-cancelling capabilities. Mid-range headphones attract consumers who are more discerning about sound quality and design, making them popular choices for both casual and serious listeners. The market in this segment is witnessing innovations that incorporate advanced features, such as better materials and improved comfort, positioning mid-range headphones as a compelling option for a broad audience. As consumer preferences continue to evolve, the mid-range segment is expected to grow steadily.

High-end:

High-end headphones are designed for audiophiles and professionals who demand exceptional audio quality and performance. This price range features premium materials, state-of-the-art technology, and advanced features such as custom sound profiles and superior noise cancellation. High-end models often come from well-established brands with a reputation for quality, attracting consumers willing to invest in their audio experience. The growth of this segment is driven by the increasing number of audiophiles and professionals in fields like music production and sound engineering. As technology advances and consumer interest in high-fidelity audio continues to rise, the high-end headphone segment is poised for sustained growth in the market.

By Region

North America represents one of the largest markets for headphones, driven by a strong consumer demand for premium audio experiences and the widespread adoption of advanced audio technologies. The growing trend of remote work and online education has led to an increased need for quality headphones, particularly in the noise-cancelling and wireless segments. The North American headphone market is expected to maintain a steady growth rate of around 7.5% CAGR over the forecast period, as consumers continue to prioritize high-quality audio devices for various applications, including gaming, music streaming, and virtual meetings. The presence of major brands and a mature retail landscape further bolster the region's market dominance, ensuring a competitive environment that fosters innovation.

Europe follows closely behind North America in the headphone market, characterized by a diverse consumer base that values style, comfort, and sound quality. The European market is experiencing an increasing trend toward wireless and noise-cancelling headphones, driven by urbanization and the need for effective audio solutions in noisy environments. The market is projected to grow at a CAGR of approximately 8% during the forecast period, with significant contributions from countries like Germany, the UK, and France. The European market benefits from a strong presence of established brands and a growing number of innovative startups entering the space, creating a dynamic competitive landscape that enhances consumer choice and stimulates growth.

Opportunities

The headphone market is rife with opportunities for growth, particularly as technological advancements continue to revolutionize audio experiences. Innovations in wireless technology, including Bluetooth advancements and spatial audio capabilities, present significant prospects for brands to attract tech-savvy consumers. Additionally, as health and fitness trends gain momentum, there is an increasing demand for headphones specifically designed for sports and exercise, offering features such as sweat resistance and secure fit options. This demand provides an opportunity for manufacturers to develop specialized products that cater to active lifestyles, thereby expanding their market reach. By enhancing product offerings and engaging with fitness and sports communities, companies can tap into this lucrative segment and drive sales growth.

Moreover, the rise of immersive technologies such as virtual reality (VR) and augmented reality (AR) is opening new avenues for headphone manufacturers. As more consumers adopt VR and AR systems for gaming, training, and entertainment experiences, the need for high-quality audio solutions that enhance immersion is paramount. Brands have the opportunity to create headphones tailored specifically for these applications, integrating features that enhance spatial audio and provide users with a more engaging experience. Additionally, the growing trend of content creation, including podcasting and live streaming, presents opportunities for headphone manufacturers to cater to content creators who seek premium audio equipment for professional-grade sound quality. By capitalizing on these emerging trends, companies can position themselves for sustained growth in the evolving headphone market.

Threats

Despite the various growth opportunities, the headphone market faces several threats that could hinder its progress. The rapid pace of technological advancements means that companies must continuously innovate to stay competitive, which can lead to increased operational costs and pressure on profit margins. Furthermore, the market is saturated with numerous brands and models, creating intense competition that can make it challenging for companies to differentiate themselves. Price wars may ensue, particularly in the low-end segment, which could further erode profit margins. Additionally, counterfeit products pose a significant threat to brand reputations, as consumers may unintentionally purchase subpar alternatives that fail to meet their expectations. Companies must remain vigilant in protecting their intellectual property and ensuring the quality of their offerings to maintain consumer trust.

Another restraint is the environmental impact associated with headphone production and disposal. As consumers become more environmentally conscious, there is increasing pressure on companies to adopt sustainable practices throughout their supply chains. Failure to address these concerns can lead to reputational damage and decreased sales, particularly among eco-conscious consumers. Manufacturers may also face regulatory challenges related to environmental standards, which could add to production costs. To mitigate these threats, companies must focus on sustainability efforts, including responsible sourcing of materials and implementing recycling programs, to enhance their market positioning while responding to consumer demands for eco-friendly practices.

Competitor Outlook

• Sony Corporation
• Bose Corporation
• Sennheiser Electronic GmbH & Co. KG
• Apple Inc.
• Samsung Electronics Co., Ltd.
• Audio-Technica Corporation
• Jabra (GN Audio A/S)
• Beats Electronics, LLC
• Panasonic Corporation
• Skullcandy, Inc.
• AKG Acoustics
• Bang & Olufsen A/S
• Shure Incorporated
• Marshall Amplification
• Plantronics, Inc.

The competitive landscape of the headphone market is characterized by numerous players vying for market share, leading to a dynamic environment marked by innovation and strategic initiatives. Major corporations such as Sony, Bose, and Apple dominate the market with their extensive product portfolios and established brand reputations. These companies leverage their technological expertise to introduce cutting-edge features, such as adaptive noise cancellation and high-resolution audio capabilities, ensuring they remain at the forefront of consumer preferences. Additionally, their strong distribution networks and marketing strategies allow them to effectively reach a diverse audience, establishing a competitive advantage in the headphone market.

Emerging brands and startups are also making their mark in the headphone market, providing consumers with unique offerings and innovative designs. Companies like Skullcandy and Jabra have gained popularity by targeting specific demographics and emphasizing lifestyle-oriented products. These brands focus on user engagement and community building, tapping into niche markets that resonate with younger, tech-savvy consumers. Furthermore, many of these companies are actively exploring collaborations with influencers and leveraging social media platforms to expand their reach and create brand awareness. As a result, the competitive landscape is continually evolving, with new players entering the market and established brands adapting to changing consumer preferences.

In the realm of premium headphones, brands such as Bang & Olufsen, Sennheiser, and Audio-Technica are renowned for their high-quality audio solutions and craftsmanship. These companies focus on delivering exceptional sound experiences, utilizing premium materials and advanced engineering to attract audiophiles and professionals. As consumer interest in high-fidelity audio continues to rise, these brands are positioned to capture a significant share of the high-end headphone market. Additionally, collaborations with artists and industry professionals further enhance their credibility, allowing them to maintain a competitive edge in this niche market. Overall, the headphone market is characterized by fierce competition, with key players continually innovating and adapting to meet the evolving demands of consumers.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Apple Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 AKG Acoustics
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Bose Corporation
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Skullcandy, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Sony Corporation
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Plantronics, Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Bang & Olufsen A/S
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Shure Incorporated
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Jabra (GN Audio A/S)
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Panasonic Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Beats Electronics, LLC
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Marshall Amplification
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Audio-Technica Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Samsung Electronics Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Sennheiser Electronic GmbH & Co. KG
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Normal Headphone Sales Market, By Application
    • 6.1.1 Music and Entertainment
    • 6.1.2 Sports and Fitness
    • 6.1.3 Gaming
    • 6.1.4 Virtual Reality
    • 6.1.5 Others
  • 6.2 Normal Headphone Sales Market, By Price Range
    • 6.2.1 Low-end
    • 6.2.2 Mid-range
    • 6.2.3 High-end
  • 6.3 Normal Headphone Sales Market, By Product Type
    • 6.3.1 Over-ear Headphones
    • 6.3.2 On-ear Headphones
    • 6.3.3 In-ear Headphones
    • 6.3.4 Wireless Headphones
    • 6.3.5 Noise-cancelling Headphones
  • 6.4 Normal Headphone Sales Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Electronics Retailers
    • 6.4.3 Departmental Stores
    • 6.4.4 Hypermarkets/Supermarkets
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Normal Headphone Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Normal Headphone Sales market is categorized based on

By Product Type

• Over-ear Headphones
• On-ear Headphones
• In-ear Headphones
• Wireless Headphones
• Noise-cancelling Headphones

By Application

• Music and Entertainment
• Sports and Fitness
• Gaming
• Virtual Reality
• Others

By Distribution Channel

• Online Stores
• Electronics Retailers
• Departmental Stores
• Hypermarkets/Supermarkets
• Others

By Price Range

• Low-end
• Mid-range
• High-end

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Sony Corporation
• Bose Corporation
• Sennheiser Electronic GmbH & Co. KG
• Apple Inc.
• Samsung Electronics Co., Ltd.
• Audio-Technica Corporation
• Jabra (GN Audio A/S)
• Beats Electronics, LLC
• Panasonic Corporation
• Skullcandy, Inc.
• AKG Acoustics
• Bang & Olufsen A/S
• Shure Incorporated
• Marshall Amplification
• Plantronics, Inc.