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Counterpoint Research: Chinese Apple suppliers Luxshare and Goertek top the global outsourced earbuds market in H1 2022
Chinese article by 爱集微
English Editor 张未名
12-23 17:57

By Kate Yuan

Chinese firms Luxshare (立讯精密) and Goertek (歌尔股份) lead the global outsourced earbuds market in H1 2022, accounting for 17% and 16% respectively thanks to “the popularity of the Apple AirPods 3 and AirPods Pro.” Both firms saw double digital percentage increases year-on-year in their shipments, according to a Counterpoint Research report.

Luxshare and Goertek are both listed on the Shenzhen Stock Exchange. They are also on the newly released 2022 ranking list of the Chinese mobile phone supply chain companies by JW Insights on December 17. Luxshare ranked 1st in market values of RMB219.42 billion ($31.42 billion); Goertek 8th of RMB62.04 billion ($8.88 billion).

Globally, true wireless stereo (TWS) shipments increased by 9.4% yearly in the first half of 2022. The share of TWS shipments from outsourced manufacturers increased from 83% to 87% in the first six months of this year, said the Counterpoint Research report.

Shanghai-headquartered Huaqin Technology (华勤技术) and Shenzhen-based Horn Audio (豪恩声学) achieved strong yearly growth of 51% and 45%, respectively, despite taking relatively smaller market shares in the reported period.

Huaqin Technology’s growth is attributed to its partnership with Realme and Huawei. And the firm would “expand its cooperation with Oppo and Honor to grow its TWS business. A large order from Skullcandy drove the growth of Shenzhen Horn Audio, according to Counterpoint Research.

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