The hearable devices are type of microcomputers that are positioned in the ear and are fitted in the ear canal of the users. These devices use wireless technology for enhancing and complementing the hearing experience of the user. There are several exciting and limitless potentials of the hearable devices which are experiencing an excellent response in the market. One of the major areas of application in the field of hearable devices is the augmented hearing. These devices are utilized for audio masking, sound applications, audio analysis, directional hearing, noise cancellation, and other applications in several industry verticals.
MARKET DYNAMICS
The major factor that is boosting the growth of the hearable market is the consumer preference for portable and wearable devices, rising demand for health monitoring applications, and increasing demand for smartphones as a source of entertainment. In addition, emergence of hearable computing as well as technological advancements in voice user interface are further expected to provide significant growth opportunities for the hearable market in the near future.
MARKET SCOPE
The "Global Hearable Market Analysis to 2028" is a specialized and in-depth study of the hearable industry with a special focus on the global market trend analysis. The report aims to provide an overview of hearable market with detailed market segmentation by product, type, connectivity, end-users, and geography. The global hearable market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hearable market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hearable market is segmented on the basis of product, type, connectivity, and end-users. Based on product, the market is segmented as headsets, earbuds, and hearing aids. On the basis of type, the market is segmented into in ear and over ear. Further, the hearable market based on connectivity is divided into wired and wireless. Based on end-users, the hearable market is divided into consumer, industrial, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hearable market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The hearable market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting hearable market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the hearable market for each region.
MARKET PLAYERS
The reports cover key developments in the hearable market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from hearable market are anticipated to lucrative growth opportunities in the future with the rising demand for hearable in the global market. Below mentioned is the list of few companies engaged in the hearable market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Apple, Inc.
- Bose Corporation
- BRAGI GmbH
- GN Store Nord A/S
- Koninklijke Philips N.V.
- LG Electronics.
- Samsung Electronics Co., Ltd.
- Sennheiser Electronic GmbH & Co. KG
- Skullcandy, Inc.
- Sony Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.