The global hearables market size is anticipated to worth around US$ 3 bn by 2027 and growing at a remarkable CAGR of 35% over the forecast period 2020 – 2027.
Industrial devices with built-in virtual assistant and wireless networking functionality are now available for hearable devices. These tools also offer audition aids for noisy consumers in an business or organization in loud working environments. In addition, audacity is equipped with biometric, proximity, movement and other sensors which capture user contexts. These smart headphones also improve a user's listening experience. In urban environments, hearing devices are also useful for coordination between short-range and long-range teams. Wireless systems including Bluetooth , Wi-Fi, cellular networks, DECT etc. are connected to each other via wireless communication technologies.
The growing demand for wireless headphones and different infotainment technologies, the advancement of hearable devices, rapid technological developments in voice user experience, and the introduction of remotely controlled electronic healthcare equipment are expected to fuel the growth of the hearing devices market. Although the effect of using headphones beyond the limits and the tremendous expense of hearing aids on hearing capability is unfavorable, the development is in turn hampered. However, the growing tendency to use lhearable system to prevent auditory deficiency in the industrial application is anticipated to provide the key players on the audio market with many opportunities.
Over the years, headphones have developed and undergone major technical advancements. The market is expected to be affected significantly by shifts in consumer preference from wired headphones to wireless phones. The Bluetooth technology has made wireless networking a revolution for headphones. That is due to the fact that the Bluetooth and Wi-Fi technology enables portable headphones to connect the user to other computers and headsets.
The market research study on “Hearables Market (By Products: Headsets, Earbuds, Hearing Aids; By Type: In Ear, On Ear, Over Ear; By Connectivity Technology: Wired, Wireless, Bluetooth, Wi-Fi, DECT, Others; By End-User: Consumer, Industrial, Healthcare, Others) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global hearables market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global hearables market are products, type, connectivity technology, end-user and major geographic regions. The hearables market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
Asia-Pacific accounted for the highest share, owing to the increased presence of the manufacturing and construction industry, wherein industrial hearables are extensively required for noise cancellation and communications. Europe was the second largest contributor in terms of revenue and is expected to witness significant growth during the forecast period, owing to government initiative toward prevention of hearing loss due to noise pollution in the industrial area. For instance, Manufacturing, infrastructure and other industrial sectors are growing in Europe, where nearly 29% of employees at least one-quarter of their working time are subjected to unhealthy noise and 11% of the employees at any time are exposed. But this trend is increasing and this form of hearing loss caused by noise is severe and irreversible. EU Directive 2003/10/EC is also governed in industry to discourage workers from being exposed to unnecessary noise.
Major players included in this report Koninklijke Philips N.V., Bose Corporation, Apple, Inc., Jabra (GN Store Nord A/S), BRAGI GmbH, Samsung Electronics Co., Ltd., Sony Corporation, Skullcandy, Inc., Sennheiser Electronic GMBH & Co., KG, LG Electronics, and others. Apple Inc. (US) is a leading company in the hearable devices market, led by Samsung Electronics Co. , Ltd. (South Korea), which offers a very advanced U-shaped interface with the help of NR and EC noise reduction, consistent voice quality. By increasing R&D investment, companies strengthen their product portfolio.
The global hearables market is segmented as below:
Hearables Market By Product
Hearables Market By Type
Hearables Market By Connectivity Technology
Hearables Market By End User
Hearables Market By Geography
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Rest of Latin America
Middle East & Africa
• South Africa
• Rest of Middle East & Africa
The increase in demand for wireless headphones is the major drivers for the growth of the hearables market.
High cost of advanced hearable solutions is a major factor expected to restraint the growth of the market.
The market value of hearables will anticipate to around US$ 3,000 Mn in 2027.
The hearables market is anticipated to grow around 35% CAGR amid the forecast period 2020-2027
Asia-Pacific accounted for the highest share, owing to the increased presence of the manufacturing and construction industry, wherein industrial hearables are extensively required for noise cancellation and communications.
Major players included in this report Koninklijke Philips N.V., Bose Corporation, Apple, Inc., Jabra (GN Store Nord A/S), BRAGI GmbH, Samsung Electronics Co., Ltd., Sony Corporation, Skullcandy, Inc., Sennheiser Electronic GMBH & Co., KG, LG Electronics, and others.
Headsets, Earbuds, and Hearing Aids are the products of hearables market.