Hearables Market Size To Reach US$ 70.3 Billion by 2028
The latest research study “Hearables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global hearables market size reached US$ 35.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 70.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.1% during 2023-2028.
Hearables, or smart headphones, refer to wireless, convenient, and computational in-ear devices that are specifically designed for clinical monitoring, wireless communication, fitness tracking, etc. They can be interconnected with any electronic device via Digital Enhanced Cordless Telecommunication (DECT), Bluetooth, Wi-Fi, cellular networks, etc. Hearables are commonly available in on and over-ear headsets and earbud forms. As compared to conventional headphones, these devices are featured with biometric proximity and various sensors that enable appliances to acquire the contexts, preferences, and behavior of users. In addition to this, they can supervise brain waves to generate more useful sound output, augment voice clarity, enhance ambient sounds, provide voice-based personal assistance, etc. Consequently, hearables are worn to suppress environment-based noise and improve the overall audio experience.
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Hearables Market Trends and Drivers:
The expanding consumer electronics industry and the escalating demand for wireless headphones and infotainment devices with enhanced audio and noise cancellation properties are among the primary factors driving the hearables market. Additionally, the introduction of portable headsets that are used across the commercial and industrial sectors to monitor the health status of individuals and mitigate the hearing loss threat is further augmenting the market growth. Besides this, the rising integration of hearables with audio programming, real-time metrics, and sleeping solutions is also catalyzing the global market. Moreover, the development of in-ear or external microphone hearing computing to allow hands-free calling and communication is acting as another significant growth-inducing factor. Apart from this, the growing consumer inclination towards miniaturized electronic devices, owing to their sleek design, is also stimulating the market growth. Furthermore, the increasing utilization of location-based suggestions, voice-based personal assistance, gesture and touch-based control, Near-Field Communication (NFC) technologies, etc., is anticipated to propel the hearables market over the forecasted period.
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Hearables Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Apple Inc.
- Bose Corporation
- LG Electronics (LG Corporation)
- Logitech International S.A.
- Ptron (Palred Technologies Ltd)
- Samsung Electronics Co. Ltd.
- Skullcandy Inc, Sony Corporation
- Starkey Laboratories Inc.
- Voxx International Corporation and Widex A/S.
Breakup by Product:
- Hearing Aids
Breakup by Type:
- On Ear
- In Ear
- Over Ear
Breakup by Connectivity Technology:
Breakup by End User:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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