Global Hearables Market (1)

1
Global Hearables Market to reach USD 1,322.4 Mn
in 2026 growing at a CAGR of 30.2 "The global
hearables market was valued at USD 160.1 million
in 2018 and is expected to reach USD 1,322.4
million in 2026, growing at a CAGR of 30.2
during the forecast period." 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 Get Exclusive Sample Copy of
Global Hearables Market _at_ https//www.alltheresea
rch.com/sample-request/272 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. For Other
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ization/272
2
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. Continue....
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