Rise in demand for wireless headphones and infotainment devices, emerging hearable computing and rapid technological advancements in voice user interface, and emergence of miniaturized wearable electronic devices for health monitoring fuel the growth of the global hearables market. On the other hand, adverse effect on the hearing ability due to overuse of headphones and high cost of industrial hearables hamper the growth to some extent. However, surge in focus toward adoption of hearing devices to prevent hearing loss in industrial application is expected to create a number of opportunities for the key players in the industry.
According to the report, the global hearables industry garnered $21.20 billion in 2018, and is estimated to reach $92.46 billion by 2026, growing at a CAGR of 17.2% from 2019–2026.
The headsets segment to lead the trail by 2026-
Based on product, the headsets segment contributed to more than two-thirds of the global hearables market in 2018, and is expected to retain its dominance till 2026. This is attributed to increase in penetration of infotainment devices, rapid technological advancements, and surge in need for mobility services. The earbuds segment, on the other hand, would grow at the fastest CAGR of 29.5% during 2019–2026, owing to widespread availability of these average cost devices on online and offline retail stores.
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The on-ear segment held the largest share in 2018-
Based on type, the on-ear segment held the major share in 2018, generating nearly half of the global hearables market. On-ear headphones are more effective in external noise cancellation as compared to other types of headphones. Also, these headphones are more portable as compared to over ear headphones which, in turn, have boosted the growth of the segment. At the same time, the over-ear segment would register the fastest CAGR of 19.9% during the study period. This is due to their thick headbands and large ear cups that completely encompass the ears.
North America to rule the roost in terms of revenue-
Based on geography, North America accounted for nearly one-third of the global hearables market revenue in 2018, and is anticipated to dominate throughout the forecast period. This is due to the presence of major players offering advanced solutions in the region. Simultaneously, the region across LAMEA would cite the fastest CAGR of 21.0% by the end of 2026. Factors such as growth in IoT and rise in demand for wearables technologies drive the growth of the LAMEA hearable market.
Leading market players-
- Bose Corporation
- Koninklijke Philips N.V.
- Apple, Inc.
- LG Electronics
- Samsung Electronics Co., Ltd.
- Sony Corporation
- Sennheiser Electronic GMBH & Co.
- BRAGI GmbH
- Skullcandy, Inc.
- Jabra (GN Store Nord A/S)
The Global Hearables Market is defined with the presence of myriad competitors, which has given rise to a highly competitive vendor scenario to exist.
All The Research has announced the addition of a new report titled, ‘Global Hearables Market’ to its vast database of research reports.
With the penetration of new market participants on a regular basis, the global market is likely to witness an exceedingly heightened competition during the forecast period.Hearables Market is expected to reach USD 1,322.4 million in 2026, growing at a CAGR of 30.2% during the forecast period.Get a Sample Copy of the Research Study @ https://www.alltheresearch.com/sample-request/272Hearables 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.The Global Hearables Market research report will mark the analysis of all the segments with the market information over the approaching years, the data on previous years, present market size, CAGR, aggregate market share and market forecast by all segments, by region, as well as the SWOT analysis for the market, industry trends, competitive analysis, and qualitative and quantitative data with regards to the market.Most of the players operating in the market are expected to expand their presence by concentrating on product diversification and development, accordingly making them acquire a leading share of the market.
Expansion in emerging countries to elevate growth and increase product sales is also considered to be one of the major strategies implemented by the majority of players functioning in the global Hearables market.
The statistical surveying report on the global Hearables Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.
The global hearables market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform.
Get FREE Sample Report Copy @ https://www.decisiondatabases.com/contact/download-sample-46095 According to this study, over the next five years, the Hearables market will register a 22.4% CAGR in terms of revenue, the global market size will reach $ 48900 million by 2025, from $ 21780 million in 2019.
