Registering a CAGR of 31.7% over the forecast period of 2022-2027, hearable device market is anticipated to reach the market value of US$ 9.40 billion in the year 2027 from US$ 1.60 billion in the year 2022.
Hearable devices are technically advanced, electronic ear devices which are designed for multiple purposes like wireless transmission, communication objectives, fitness tracking and medical monitoring. In order to enhance the hearing experience of the user, it uses wireless technology. There are several benefits of hearing devices such as improved sound quality, layered listening, biometric personal identification, activity tracking and accurate vital signs. Over the forecast period, technological advancements and increasing demand for smartphones as a source of entertainment which makes use of headsets are expected to drive the growth of the market. The growing adoption of wearable and portable devices and increasing demand for health monitoring applications hearing aids is expected to create large demand for the market.
The report also assesses the key opportunities in the Hearable Devices market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Hearable Devices Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Top Key players in the Hearable Devices Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Hearable Devices Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Apple, Samsung, Sennheiser, Sony, GN(Jabra), Sivantos, Starkey Hearing, Bragi, Doppler, Miracle-Ear, Valancell, Earin AB, Eargo, AKG, Audio-Technica, Edifier and others.
Global Hearable Devices Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
In 2021, Apple launches all-new AirPods with Spatial audio, wireless charging and 6 hours of battery life: Apple has introduced a range of audio devices at its Unleashed event, including the much-awaited new generation of AirPods. The new True-Wireless-Stereo speakers from Apple come with a range of upgrades over the previous iteration, including MagSafe and wireless charging. Here is a look at all that is new for audiophiles from the house of Apple.
Hearable Devices Market is segmented based on the type, applications, companies and regions.
By Type, Hearable Devices Market has been segmented into
By Application, Hearable Devices Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Hearable Devices Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America will have the greatest share of the market due to technological improvements in this segment, an increasing number of music listeners, and the growing popularity of video and audio entertainment in this area, all of which are driving demand for hearable devices.
The increased sale and distribution of hearing aids is projected to propel the industry in the Americas. Over the next decade, the regional market is predicted to benefit from an increase in the number of music listeners, increased digital music sales, and the popularity of audio and video entertainment. In the Americas, technological advancements are primarily driving the market for hearing aids.
Hearable Devices Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Hearable Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 31.7% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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Apple, Samsung, Sennheiser, Sony, GN(Jabra), Sivantos, Starkey Hearing, Bragi, Doppler, Miracle-Ear, Valancell, Earin AB, Eargo, AKG, Audio-Technica, Edifier |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
Key Takeaways from this Hearable Devices Report
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Hearable Devices Market is studied from 2017 - 2027.
What is the growth rate of Hearable Devices Market?
The Hearable Devices Market is growing at a CAGR of 31.7% over the next 5 years.
Who are the key players in Hearable Devices Market?
Apple, Samsung, Sennheiser, Sony, GN(Jabra), Sivantos, Starkey Hearing, Bragi, Doppler, Miracle-Ear, Valancell, Earin AB, Eargo, AKG, Audio-Technica, Edifier
What region does this Hearable Devices Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Hearable Devices Market?
Headphone, Headset, Earbuds, Hearing Aids
What are the major end-use applications of Hearable Devices Market?
Consumer, Healthcare, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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