Global Hearables Market

Hearables Market Size, Share, Growth Analysis, By Type(In-Ear, On-Ear, Over-Ear), By Product(Headsets, Earbuds, Hearing Aids), By End - Use(Consumer, Industrial, Construction, Manufacturing), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45K2087 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 94 | Figures: 66

Hearables Market News

  • In January 2024, Bosch announced the release of two new MEMS accelerometers—devices it claimed are the world’s smallest for hearable and wearable applications. The new MEMS devices have a 76% smaller footprint than Bosch’s current generation of acceleration sensors.

     

  • In January 2024, Ceva, a licensor of silicon and software IP, and THX, the audio and video technology company, are to bring spatial audio to hearables, consumer and mobile devices. The two companies announced that RealSpace Tuned by THX, a premium software offering for original equipment manufacturers (OEMs), will now add support for immersive spatial audio customised to any consumer or prosumer audio device including TWS earbuds, wireless headphones, smartphones, speakers and soundbars.

     

  • In October 2023, Google researchers showcased how headphones with active noise cancellation (ANC) capability can be used to track the heart rate of the wearer without using any extra hardware. In a paper titled “APG: Audioplethysmography for cardiac monitoring with hearable devices” presented at Mobicom 2023, the researchers introduced a new active in-ear health sensing modality that enabled ANC headphones to monitor various physiological signals like heart rate without adding extra sensors.

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FAQs

Hearables Market size was valued at USD 32.7 billion in 2022 and is poised to grow from USD 38.17 billion in 2023 to USD 131.68 billion by 2031, growing at a CAGR of 16.74% in the forecast period (2023-2031).

The competitive landscape of the hearables market is marked by fierce rivalry and dynamic innovation. Established tech giants such as Apple, Samsung, and Sony continue to dominate with their cutting-edge offerings, leveraging their brand recognition and extensive R&D capabilities. Niche players like Bose, Sennheiser, and Bang & Olufsen focus on premium audio quality and unique design to carve out specialized market segments. 'Apple Inc. (United States)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Sony Corporation (Japan)', 'Bose Corporation (United States)', 'Sennheiser Electronic GmbH & Co. KG (Germany)', 'JBL (Harman International Industries, Inc.) (United States)', 'Bang & Olufsen A/S (Denmark)', 'Anker Innovations Technology Co., Ltd. (China)', 'Jaybird LLC (United States)', 'Plantronics, Inc. (Poly) (United States)'

Increasing demand for wearable devices that offer both audio functionality and health monitoring capabilities, such as heart rate tracking and activity monitoring, is driving the adoption of hearables.

Health and Wellness Integration: Hearables are evolving into health monitoring devices, offering features like heart rate monitoring, activity tracking, and even real-time health alerts. This convergence of audio and health technologies is driving consumer interest in devices that provide both entertainment and health insights.

Throughout the projected period, the Asia Pacific region is poised to hold the most significant market share within this sector. This prominence is attributed to the rapid urbanization and industrialization observed in burgeoning economies like China, India, and Japan, which serve as primary impetuses propelling this industry forward.

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Global Hearables Market

Report ID: SQMIG45K2087

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