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Hearables Market by Products, Type, Connectivity Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5021786
  • Report
  • January 2020
  • Region: Global
  • 280 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Apple
  • Bose Corporation
  • BRAGI GmbH
  • Inc
  • Inc
  • Jabra (GN Store Nord A/S)
The global hearables market size was valued at $21.20 billion in 2018, and is projected to reach $93.90 billion by 2026, growing at a CAGR of 17.2% from 2019 to 2026. Hearables is an electronic device that is designed for multiple purposes that range from wireless transmission to communication purposes, fitness tracking, and medical monitoring. Hearables are featured with biometric, proximity, movement, and other sensors that enable them to collect context about user. Hearable devices are technically advanced electronic devices that are designed for multiple purposes ranging from wireless transmission to communication objectives. Also, these devices perform various functions such as heart rate tracking voice based personal assistants, contextual location-based suggestions, environment-based noise suppression or audio enhancement, and gesture & touch-based control along with is primary function of listening to audio signals.





Headphones have evolved and witnessed vast improvements in terms of technology over the years. Shift in preference of consumers from wired headphones to wireless headphones is expected to affect the market significantly. Wireless communication via Bluetooth technology has been a breakthrough for headphones. This is attributed to the fact that wireless headphones are enabled with Bluetooth and Wi-Fi technology, which enable the users to link their phones to other devices and headsets.

The increase in demand for wireless headphones and infotainment devices is majorly contributing to the hearables market growth, owing to shift in preference of consumers from wired headphones to wireless headphones, as wireless headphones are enabled with Bluetooth and Wi-Fi technology, which enable the users to link their phones to other devices and headsets. In addition, hearable computing is a next emerging technology, which promotes hands-free calling and communication, ensures voice communication in a noisy environment, and provides a solution by combining signals from in-ear and external microphones. Furthermore, surge in demand for miniaturized wearable electronic devices for health monitoring is also driving the market growth. However, adverse effect on hearing ability due to overuse of headphones and high cost of industrial hearable can hinder the market growth.

The global hearable market trends are analyzed across various segments including product, type, communication technology, end user, and region. On the basis of product, the market is categorized into headsets, earbuds, and hearing aids. Depending on the type, the market is sub-segmented into on ear, in ear, and over ear. The communication technology segment is bifurcated into wired and wireless technology, among which the wireless technology segment is further categorized into Bluetooth, Wi-Fi, DECT, and others. Based on the end user, the market is categorized into consumer, industrial, and healthcare. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the market include Apple, Inc, Bose Corporation, BRAGI GmbH, Koninklijke Philips N.V., Samsung Electronics Co., Ltd., Sony Corporation, Sennheiser Electronic GMBH & Co., KG, Skullcandy, Inc, Jabra (GN Store Nord A/S), and LG Electronics.

KEY MARKET SEGMENTS

BY PRODUCT
  • 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
  • Construction
  • Manufacturing
  • Mining
  • Others
  • Healthcare

BY REGION
  • North America
  • U.S.
  • Mexico
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS
  • Apple, Inc.
  • Bose Corporation
  • BRAGI GmbH
  • Koninklijke Philips N.V.
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Sennheiser Electronic GMBH & Co., KG
  • Skullcandy, Inc.
  • Jabra (GN Store Nord A/S)
  • LG Electronics
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Apple
  • Bose Corporation
  • BRAGI GmbH
  • Inc
  • Inc
  • Jabra (GN Store Nord A/S)
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top investment Pockets
2.2. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping Hearables Market
3.3. Market Evolution/Industry Roadmap
3.4. Patent Analysis
3.4.1. by Region (2012-2017)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Demand for Wireless Headphones and infotainment Devices
3.5.1.2. Emerging Hearable Computing and Rapid Technological Advancements in Voice User interface
3.5.1.3. Surge in Demand for Miniaturized Wearable Electronic Devices for Health Monitoring
3.5.2. Restraints
3.5.2.1. Adverse Effect on the Hearing Ability Due To Overuse of Headphones
3.5.2.2. High Cost of industrial Hearables
3.5.3. Opportunity
3.5.3.1. Growing Focus Toward Adoption of Hearing Devices To Prevent Hearing Loss in industrial Application
3.5.4. Challenge
3.5.4.1. Optimizing Battery Life of Hearables Devices

Chapter 4: Hearables Market, by Product
4.1. Overview
4.2. Headsets
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Earbuds
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Hearing Aids
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country

Chapter 5: Hearables Market, by Type
5.1. Overview
5.2. on Ear
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. in Ear
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Over Ear
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country

Chapter 6: Hearables Market, by Connectivity Technology
6.1. Overview
6.2. Wired
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3. Wireless
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Size and Forecast, by Technology Type
6.3.3.1. Bluetooth
6.3.3.2. Wi-Fi
6.3.3.3. Dect
6.3.3.4. Others
6.3.4. Market Analysis, by Country

Chapter 7: Hearables Market, by End User
7.1. Overview
7.2. Consumer
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Size and Forecast, by Consumer Type
7.2.4. Market Analysis, by Country
7.3. industrial
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Size and Forecast, by industry Type
7.3.3.1. Construction
7.3.3.2. Manufacturing
7.3.3.3. Mining
7.3.3.4. Others
7.3.4. Market Analysis, by Country
7.4. Healthcare
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Region
7.4.3. Market Analysis, by Country

Chapter 8: Hearables Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Product
8.2.3. Market Size and Forecast, by Type
8.2.4. Market Size and Forecast, by Connectivity Technology
8.2.5. Market Size and Forecast, by End-User
8.2.6. Market Analysis by Country
8.2.6.1. U.S.
8.2.6.1.1. Market Size and Forecast, by Product
8.2.6.1.2. Market Size and Forecast, by Type
8.2.6.1.3. Market Size and Forecast, by Connectivity Technology
8.2.6.1.4. Market Size and Forecast, by End-User
8.2.6.2. Canada
8.2.6.2.1. Market Size and Forecast, by Product
8.2.6.2.2. Market Size and Forecast, by Type
8.2.6.2.3. Market Size and Forecast, by Connectivity Technology
8.2.6.2.4. Market Size and Forecast, by End-User
8.2.6.3. Mexico
8.2.6.3.1. Market Size and Forecast, by Product
8.2.6.3.2. Market Size and Forecast, by Type
8.2.6.3.3. Market Size and Forecast, by Connectivity Technology
8.2.6.3.4. Market Size and Forecast, by End-User
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Type
8.3.3. Market Size and Forecast, by Type
8.3.4. Market Size and Forecast, by Connectivity Technology
8.3.5. Market Size and Forecast, by End-User
8.3.6. Market Analysis by Country
8.3.6.1. Germany
8.3.6.1.1. Market Size and Forecast, by Product
8.3.6.1.2. Market Size and Forecast, by Type
8.3.6.1.3. Market Size and Forecast, by Connectivity Technology
8.3.6.1.4. Market Size and Forecast, by End-User
8.3.6.2. France
8.3.6.2.1. Market Size and Forecast, by Product
8.3.6.2.2. Market Size and Forecast, by Type
8.3.6.2.3. Market Size and Forecast, by Connectivity Technology
8.3.6.2.4. Market Size and Forecast, by End-User
8.3.6.3. UK
8.3.6.3.1. Market Size and Forecast, by Product
8.3.6.3.2. Market Size and Forecast, by Type
8.3.6.3.3. Market Size and Forecast, by Connectivity Technology
8.3.6.3.4. Market Size and Forecast, by End-User
8.3.6.4. Russia
8.3.6.4.1. Market Size and Forecast, by Product
8.3.6.4.2. Market Size and Forecast, by Type
8.3.6.4.3. Market Size and Forecast, by Connectivity Technology
8.3.6.4.4. Market Size and Forecast, by End-User
8.3.6.5. Rest of Europe
8.3.6.5.1. Market Size and Forecast, by Product
8.3.6.5.2. Market Size and Forecast, by Type
8.3.6.5.3. Market Size and Forecast, by Connectivity Technology
8.3.6.5.4. Market Size and Forecast, by End-User
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Type
8.4.3. Market Size and Forecast, by Type
8.4.4. Market Size and Forecast, by Connectivity Technology
8.4.5. Market Size and Forecast, by End-User
8.4.6. Market Analysis by Country
8.4.6.1. Japan
8.4.6.1.1. Market Size and Forecast, by Product
8.4.6.1.2. Market Size and Forecast, by Type
8.4.6.1.3. Market Size and Forecast, by Connectivity Technology
8.4.6.1.4. Market Size and Forecast, by End-User
8.4.6.2. China
8.4.6.2.1. Market Size and Forecast, by Product
8.4.6.2.2. Market Size and Forecast, by Type
8.4.6.2.3. Market Size and Forecast, by Connectivity Technology
8.4.6.2.4. Market Size and Forecast, by End-User
8.4.6.3. South Korea
8.4.6.3.1. Market Size and Forecast, by Product
8.4.6.3.2. Market Size and Forecast, by Type
8.4.6.3.3. Market Size and Forecast, by Connectivity Technology
8.4.6.3.4. Market Size and Forecast, by End-User
8.4.6.4. india
8.4.6.4.1. Market Size and Forecast, by Product
8.4.6.4.2. Market Size and Forecast, by Type
8.4.6.4.3. Market Size and Forecast, by Connectivity Technology
8.4.6.4.4. Market Size and Forecast, by End-User
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Market Size and Forecast, by Product
8.4.6.5.2. Market Size and Forecast, by Type
8.4.6.5.3. Market Size and Forecast, by Connectivity Technology
8.4.6.5.4. Market Size and Forecast, by End-User
8.5. LAMEA
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast, by Type
8.5.3. Market Size and Forecast, by Type
8.5.4. Market Size and Forecast, by Connectivity Technology
8.5.5. Market Size and Forecast, by End-User
8.5.6. Market Analysis by Country
8.5.6.1. Latin America
8.5.6.1.1. Market Size and Forecast, by Product
8.5.6.1.2. Market Size and Forecast, by Type
8.5.6.1.3. Market Size and Forecast, by Connectivity Technology
8.5.6.1.4. Market Size and Forecast, by End-User
8.5.6.2. Middle East
8.5.6.2.1. Market Size and Forecast, by Product
8.5.6.2.2. Market Size and Forecast, by Type
8.5.6.2.3. Market Size and Forecast, by Connectivity Technology
8.5.6.2.4. Market Size and Forecast, by End-User
8.5.6.3. Africa
8.5.6.3.1. Market Size and Forecast, by Product
8.5.6.3.2. Market Size and Forecast, by Type
8.5.6.3.3. Market Size and Forecast, by Connectivity Technology
8.5.6.3.4. Market Size and Forecast, by End-User

Chapter 9: Competitive Landscape
9.1. Introduction
9.1.1. Market Player Positioning, 2018
9.2. Top Winning Strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap

Chapter 10: Company Profile
10.1. Apple inc.
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. R&D Expenditure
10.1.7. Business Performance
10.1.8. Key Strategic Moves and Developments
10.2. Bose Corporation
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Product Portfolio
10.2.5. Business Performance
10.2.6. Key Strategic Moves and Developments
10.3. Samsung Electronics Co. Ltd.
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. R&D Expenditure
10.3.7. Business Performance
10.3.8. Key Strategic Moves and Developments
10.4. Sony Corporation
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. R&D Expenditure
10.4.7. Business Performance
10.4.8. Key Strategic Moves and Developments
10.5. Sennheiser Electronic Gmbh & Co. Kg
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Division
10.5.5. Product Portfolio
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.6. Koninklijke Philips N.V.
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Operating Business Segments
10.6.4. Product Portfolio
10.6.5. R&D Expenditure
10.6.6. Business Performance
10.6.7. Key Strategic Moves and Developments
10.7. Bragi Gmbh
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Operating Business Segments
10.7.4. Product Portfolio
10.7.5. Key Strategic Moves and Developments
10.8. Skullcandy, inc.
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Operating Business Segments
10.8.4. Product Portfolio
10.8.5. Key Strategic Moves and Developments
10.9. Jabra (Gn Store Nord A/S)
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Operating Business Segments
10.9.4. Product Portfolio
10.9.5. Business Performance
10.9.6. Key Strategic Moves and Developments
10.10. Lg Electronics
10.10.1. Company Overview
10.10.2. Key Executive
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. R&D Expenditure
10.10.7. Business Performance
10.10.8. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Apple
  • Bose Corporation
  • BRAGI GmbH
  • Inc
  • Inc
  • Jabra (GN Store Nord A/S)
According to the report, titled, 'Hearables Market by Products, Type, Connectivity Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global hearables market size was valued at $21.20 billion in 2018, and is projected to reach $93.90 billion by 2026, growing at a CAGR of 17.2% from 2019 to 2026.

Hearable technology is referred to as a hybrid technology, which combines the advantage of wearable technology with hearing devices. These devices are used for sound applications, audio masking, directional hearing, audio analysis, noise cancellation, and other applications in various industry verticals. Hearable devices in different industrial applications are now enabled with inbuilt voice-enabled virtual assistant and wireless communication features.

In addition, these devices ensure hearing aids among users in noisy working environments in an industry or enterprise. Furthermore, hearables are featured with biometric, proximitMa, movement, and other sensors that enables it to collect context about user.

Headphones have evolved and witnessed vast improvements in terms of technology over the years. Shift in preference of consumers from wired headphones to wireless headphones is expected to affect the market significantly.

Wireless communication via Bluetooth earbuds technology has been a breakthrough for headphones. This is attributed to wireless headphones are enabled with Bluetooth and Wi-Fi technology, which facilitate the users to link their phones to other devices and headsets.

The revolution of technology in the miniaturization of electronic devices is allowing to design more reliable & portable wearables and contributing to the continuously changing health monitoring tactic. Also, these devices allow to continuously monitor human vital signs in daily life or in clinical environment with benefits of minimizing discomfort and interference with normal human actions.

Increase in demand for wireless headphones and infotainment devices is majorly contributing to the hearables market growth, owing to shift in preference of consumers from wired headphones to wireless headphones, as wireless earbuds and headphones are enabled with Bluetooth and Wi-Fi technology, which enable the users to link their phones to other devices and headsets.

In addition, hearable computing is the next emerging technology, which promotes hands-free calling and communication, ensures voice communication in a noisy environment, and provides a solution by combining signals from in-ear and external microphones.

Furthermore, surge in demand for miniaturized wearable electronic devices for health monitoring is also driving the hearables market trends. However, adverse effect on the hearing ability due to overuse of headphones and high cost of industrial hearable can hinder the market growth.

Nonetheless, rise in focus toward adoption of hearing devices to prevent hearing loss in industrial applications is expected to provide growth opportunities to the market players, as government organizations and major companies operating in the hearable devices market are now striving toward the development of hearable devices to eliminate hearing damage among workers by providing suitable protection in the form of headsets and other devices to cover up their ears and enable noise cancellation.

In March 2019, Apple launched AirPods, which is the second generation most popular wireless and Bluetooth earbuds and headphones. Apple also designed H1 chip especially for headphones and deliver performance efficiency, and faster connect times. This new headphone delivers magical wireless experience.

Moreover, Asia-Pacific is the major revenue contributor, owing to rapid urbanization and industrialization. The hearable market growth in the region is attributed to factors such as increase in investment in the manufacturing and construction industry in the region, which in turn boosts the demand for hearables devices used for noise cancellation and voice assistance in industrial applications.

Key Findings of the Study
In terms of revenue, the headsets segment contributed the maximum market share in 2018, and is expected to maintain its lead throughout the forecast period.
Industrial segment is expected to grow at the highest CAGR during the forecast period.
In 2018, Asia-Pacific accounted for the highest revenue globally, and is expected to dominate the hearables market share in the future.

The major companies profiled in the report include Apple, Inc, Bose Corporation, BRAGI GmbH, Koninklijke Philips N.V., Samsung Electronics Co., Ltd., Sony Corporation, Sennheiser Electronic GMBH & Co., KG, Skullcandy, Inc, Jabra (GN Store Nord A/S), and LG Electronics.
Note: Product cover images may vary from those shown
  • Apple
  • Inc
  • Bose Corporation
  • BRAGI GmbH
  • Koninklijke Philips N.V.
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • Sennheiser Electronic GMBH & Co.
  • KG
  • Skullcandy
  • Inc
  • Jabra (GN Store Nord A/S)
  • LG Electronics.
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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