Hearable Devices Market Report Forecasts Strong Growth by 2022 - Scalar Market Research

Wearables are soon becoming hearables and this is an inevitable reality which could be not be surprise as phoenix increasing from the ashes, slowly but surely hearables are finding their way into the market of wearable technology. The growth of hearable technology will ignite into new age of convenience coupled with a new fashion era within the technological context we wear. Wearable technology is concerning to exhibit into entire new sub-market through your ear-holes with the introduction of hearable. And this new-fangled category of connected devices for your ears is starting to make its mark on global markets.

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The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the hearable devices market. The scope of this report covers the hearable devices market by its major segments, which include the types, applications, and the major geographic regions.

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KEY PREMIUM INDUSTRY INSIGHTS

1. Some major factors that are driving the global market for hearable devices include the rising demand for smart phones as an entertainment source; customer preference for portable and wearable devices; growing demand for applications of health monitoring and hearing aids; and huge investment in Research & Development activities for hearables by OEMs.

2. The technological evolution permits people for measuring heart rates and several other parameters like blood pressure, electrocardiogram (ECG), body temperature, pulse oximetry, lectroencephalogram signals, and various others using different smart hearable devices that are available in the global market.

3. Delivery of high-quality audio in real time is one of the major hindering growth factors for the global hearable devices market as the delay in coding; bandwidth constraint, as well as bit errors will affect the wireless audio transfer.

Regionally, the global hearable devices market is segmented into Asia-Pacific, Latin America, Europe, North America, and Middle East & Africa. Among these, the Americas in the past few years acquired largest market share of hearable devices. And this market is likely to be boosted by the rising sale as well as distribution of hearing aids. The escalating music listeners’ population, growing digital music sales, and the popularity of video and audio entertainment segment are anticipated to positively persuade the regional market during the forecast period.

MARKET SEGMENTATION

This report analyzes the hearable devices market by the following segments:

Hearable Devices Market, by Product

1. Headphone
2. Headset
3. Headphone

Hearable Devices Market, by Technology

1. Bluetooth
2. Wi-Fi
3. Others

Hearable Devices Market, by Application

1. Consumer
2. Healthcare

KEY MARKET PLAYERS

Key players in the hearable devices market include:

1. Apple, Inc.
2. Samsung Electronics Co., Ltd.
3. Sony Corporation
4. Gn Store Nord A/S
5. Sennheiser Electronic GmbH & Co. Kg
6. Harman International Industries, Incorporated
7. Voxx International Corporation
8. William Demant Holdings A/S
9. Bose Corporation

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