About Industrial Hearables
Hearable is defined as the electronic in-ear devices, which is specially designed for multiple purposes and it ranges from the wireless transmission to communication objectives, medical monitoring as well as fitness tracking. It mainly uses of wireless technology in order to enhance as well as complement the hearing experience of the wearer. It is also known as smart headphones. Growing consumer preference for wearable as well as portable devices is the major factors which affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global industrial hearables market can witness an upsurge in the forecast period Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Industrial Hearables market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtechnica Orthophone Ltd. (Israel), Sivantos Pte. Ltd. (Singapore), Widex A/S (Denmark), Miracle Hearing Aid Clinic (United States), GN Store Nord A/S (Denmark), Sonova Holding AG (Switzerland), Siemens Healthcare (Germany), GN ReSound (Denmark), Persona (Australia) and Starkey Hearing Aids (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are William Demant Holding A/S (Denmark), MED-EL (Austria) and Beltone (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Hearables market by Type (Headphones, Personal Sound Amplifiers (PSAPs) and Hearing Aids), Application (Automotive, OIl & Gas, Energy, Manufacturing and Others) and Region.
On the basis of geography, the market of Industrial Hearables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Wired will boost the Industrial Hearables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Industrial Hearables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Hearables such as Wireless Hearables Products
Market Growth Drivers:
Rising Demand for Health Monitoring Apps as well as Hearing Aids and Growing Demand for Smartphones as a Source of Entertainment Globally
Challenges:
Issue related to Optimizing Battery Life and Major Concern Regarding the Negative Health Effects on Children as well as Other User Groups
Restraints:
Problem-Related to High Cost of Headphones and Product Defects Related To Usage
Opportunities:
Advancements in Voice User Interface (UI) Technology and Introduction of Artificial Intelligence Assistance in Headphone, Rising Demand for Emerging Hearable Computing and Mounting Demand from merging economics such as China, India, Brazil, and Others
Market Leaders and their expansionary development strategies
In January 2018, the Nuheara (Australia) Company has launched a new suite of smart personal hearing devices such as IQbuds Boost and LiveIQ at CES 2018 in the United States. Therefore, this launched will affect the growth of the market in the future.
In January 2019, the Nuheara (Australia) Company has launched IQbuds MAX at Consumer Electronics Show in Las Vegas. In addition, this new IQbuds have 5 times more processing power as compared to the company’s popular IQbuds BOOST. Therefore, this launch will help in strengthening the position of the company in the future.
Key Target Audience
Hearables Manufactures Companies, Commercial Research and Development Institutions, Raw Material Suppliers and Distributors, Retailers, Supermarkets, and Hypermarkets and Traders, Exporters, and Importers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.