Global Hearables Market


Posted December 27, 2019 by ganpan

Global Hearables Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026

 
Hearables identify as a result of a ubiquitous computing concept. These are technologically advanced, wireless hearing aids that perform multiple applications in the healthcare monitoring and communication electronics sector. These are designed with the capability to transmit communication signals for short-range using wireless technology.
Change in preference of consumers towards wireless communication devices is contributing to the growth of the global hearables market during the forecast period
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Hearables, also known as smart headphones, are essentially advanced, electronic devices which are used to perform various functions, such as, wireless communication transmission, medical and healthcare-related monitoring and fitness tracking, among others. These devices are increasingly finding more grown in consumer electronics as well as industrial noise isolation applications. Hearables which are used in industrial applications is equipped with wireless communication signal transmission feature as well as a built-in virtual assistant which is activated by using voice command. Moreover, hearable devices allow users to hear in noisy surroundings of the workshop floor in an industry. On the other hand, hearables or smart headphones are equipped with various sensors including biometric, proximity, movement, and others. These types of smart sensors allow the user to improve the listening experience. Various wireless connectivity technologies such as Bluetooth, Wi-Fi, cellular network, DECT, and others are used for short-range communication purposes. The surge in demand for wireless communication devices is primarily contributing to the growth of the global hearables market. Moreover, a shift in consumer preference towards wireless hearables owing to their greater convenience is positively impacting the global industry.
The in-ear segment expected to grow at the fastest rate of 37% CAGR during the forecast period
Based on type, the global Hearables market has been segmented into in-ear and over ear. The in-ear segment is expected to grow at the highest CAGR of around 37% during the forecast period. Technological advancement in terms of compact electronic devices which is coupled with greater convenience owing to its small size and weight, in-ear product type of hearables is finding more adoption in the consumer segment as well as various industry verticals, such as, manufacturing and construction.
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The Bluetooth segment expected to grow at the fastest rate of 41% CAGR during the forecast period
Based on technology, the global hearables market has been segmented into Bluetooth, Wi-Fi, and DECT. The Bluetooth segment is accounted for the highest market share and further expected to grow at the highest CAGR of around 41% during the forecast period. Demand for short-range communication from industrial applications is one of the major factor driving the demand for Bluetooth segment globally.
Based on application, the consumer electronics segment is expected to lead during the forecast period
Based on application, the market has been segmented into consumer electronics, industrial, medical & healthcare, and others. The consumer electronics segment is accounted for the largest share in the market and held for around 44% of the total market, in 2018. Rapidly growing living standard and disposable income are key driving factors for this segment growth globally.
Asia Pacific to dominate the hearables market throughout the forecast period
The global hearables market is led by the Asia Pacific region which accounted for more than 34% share in 2018 and is expected to dominate the market throughout the forecast period owing to strong population demands and e-retail penetration in countries such as China and India. It is followed by Europe and North America.
Company Profiles and Competitive Intelligence:
The major players operating in the global hearables market are Apple Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Sennheiser Electronics GmBH, co. kg (Germany), Sony Corporation (Japan), Eartex Ltd. (UK), EERS Global Technologies Inc. (Canada), Firecom Inc. (US), Fujikon (Hong Kong), NoiseBuster (Pro Tech Technologies, Inc.) (US), and QuietOn (US) among others.
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Issued By Research
Country United States
Categories Advertising , Arts , Automotive
Tags hearables
Last Updated December 27, 2019