About Hearable Electronic Devices
A hearable electronic device is a wireless in-ear accessory incorporating a computer or some other kind of technical gadget. To date, one of the main applications of hearables has been in relation to fitness devices which track users' exercise performance and vital signs etc., whilst giving them access to music or other online content. With hearables predicted to be the next big thing as a kind of unobtrusive personal assistant whispering gently in a user’s ear.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.2% |
Competition among existing players is due to the Hearable Electronic Devices market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Hearable Electronic Devices market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hearable Electronic Devices 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.
Apple, Inc. (United States), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Gn Store Nord A/S (Denmark), Sennheiser Electronic GmbH & Co. Kg (Germany), Harman International Industries (United States), Voxx International Corporation (United States), William Demant Holdings A/S (Denmark), Bose Corporation (United States) and Widex Holding A/S (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Nuheara (Australia), Bragi GmbH (Germany), Starkey Hearing Technologies, Inc. (United States) and Doppler Labs Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hearable Electronic Devices market by Type (Headset, Headphone and Others), Application (Consumer, Healthcare and Others) and Region.
On the basis of geography, the market of Hearable Electronic Devices 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Bluetooth will boost the Hearable Electronic Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Trend of Wireless Headphones
Market Growth Drivers:
A Rising Consumer Preference for Wearable and Portable Devices, Growing Demand for Health Monitoring Apps and Hearing Aids and Growing Demand for Smartphones as a Source of Entertainment
Challenges:
Optimizing Battery Life and Negative Health Effects on Children and Other User Groups
Restraints:
High Cost of Headphones and Product Defects Related To Usage
Opportunities:
Advancements in Voice User Interface (UI) Technology, Introduction of Artificial Intelligence Assistance in Headphone and Emerging Hearable Computing
Market Leaders and their expansionary development strategies
In October 2022, NEC Corporation has globally released a new device that uses ear acoustic biometric authentication to identify individuals and prevent unauthorized use of devices. The "Hearable Device" was jointly developed with Foster Electric Company, Limited, and was made available.
Key Target Audience
Hearable Electronic Devices Manufacturers, Raw Material Suppliers, Distributor, Importer/Exporter, Technology Investors and Downstream Vendors
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.