Market Overview:
The global hearable devices market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hearable devices from the consumer segment and rising awareness about hearing health among people. In addition, technological advancements in hearable devices are also contributing to the growth of this market. The headphone segment is expected to hold the largest share of the global hearable devices market in 2018, followed by headsets and earbuds segments. The healthcare segment is expected to grow at a highest CAGR during the forecast period owing to increasing demand for hearing aids from geriatric population across different regions.
Product Definition:
A hearable device is a wearable electronic device that is designed to be worn in or around the ear, and that is used to either improve or protect hearing. Some hearable devices are also designed to amplify sound for people with hearing loss.
Headphone:
Headphones are electronic devices that are used to listen to audio content with the help of a cord that plugs into a portable media player, computer or home stereo. The global market for headphones is expected to witness significant growth over the forecast period owing to factors such as increasing demand from youth and music inclined population, rising disposable income levels coupled with technological advancements in terms of design and features.
Headset:
A headset is a device used to communicate with the outside world using a loudspeaker or microphone. It comprises of an ear cup for receiving and transmitting audio signals to and from the user. The headset has microphones, which capture the audio signals sent by the user while using it as a transmitter. A separate cable connects headsets to electronic devices such as computers, laptops, tablets or smartphones via input/output ports.
Application Insights:
The consumer application segment dominated the global hearable devices market in 2017. The growing popularity of music streaming and audio mobile phone calls is expected to drive the demand for hearable devices among consumers. Moreover, increasing awareness about personal health is likely to propel demand from other segments such as healthcare and others. For instance, according to a study published in JAMA Network Open, it was found that people with hearing loss are more likely to seek medical care than those without hearing loss. This trend is expected to increase as time goes by which will positively impact the market growth over the forecast period.
The healthcare segment accounted for a significant share of revenue in 2017 owing to rising prevalence of hearing disorders coupled with high spending on ear surgery procedures globally.
Regional Analysis:
North America dominated the global market in 2017 owing to the high prevalence of hearing loss and related diseases, increasing awareness about these devices, and availability of advanced products. In addition, growing demand for wireless headphones is expected to drive the regional market over the forecast period. Europe accounted for a significant share in terms of revenue due to an increase in R&D investments by various companies as well as government initiatives pertaining toward improving public health.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to untapped opportunities and rising disposable income levels among consumers coupled with increased adoption by enterprises for internal communication purposes. Moreover, increasing healthcare expenditure levels along with favorable policies aimed at reducing chronic disease burden are expected propel regional growth during the forecast period.
Growth Factors:
- Increasing demand for hearable devices from the young population: The global hearable devices market is expected to grow at a significant rate in the next few years, owing to the increasing demand from the young population. This is mainly because of the growing awareness about these devices and their benefits among people, especially youngsters.
- Rising popularity of wireless technology: The rising popularity of wireless technology is another major factor that is expected to drive the growth of Hearable Devices market in near future. With advancements in this technology, users are now able to connect with various other devices wirelessly and enjoy enhanced audio experience.
- Growing demand for smart headphones: Another key trend that is anticipated to fuel growth of Hearable Devices market in coming years is growing demand for smart headphones. These headphones are equipped with various features such as noise cancellation and voice control that allow users to perform various tasks hands-freely.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hearable Devices Market Research Report
By Type
Headphone, Headset, Earbuds, Hearing Aids
By Application
Consumer, Healthcare, Others
By Companies
Apple, Samsung, Sennheiser, Sony, GN(Jabra), Sivantos, Starkey Hearing, Bragi, Doppler, Miracle-Ear, Valancell, Earin AB, Eargo, AKG, Audio-Technica, Edifier
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Hearable Devices Market Report Segments:
The global Hearable Devices market is segmented on the basis of:
Types
Headphone, Headset, Earbuds, Hearing Aids
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Samsung
- Sennheiser
- Sony
- GN(Jabra)
- Sivantos
- Starkey Hearing
- Bragi
- Doppler
- Miracle-Ear
- Valancell
- Earin AB
- Eargo
- AKG
- Audio-Technica
- Edifier
Highlights of The Hearable Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Headphone
- Headset
- Earbuds
- Hearing Aids
- By Application:
- Consumer
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hearable Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hearable devices are electronic devices that can be worn on or in the ear and used to receive audio signals. They include headphones, earbuds, noise-cancelling headphones, and Bluetooth headsets.
Some of the key players operating in the hearable devices market are Apple, Samsung, Sennheiser, Sony, GN(Jabra), Sivantos, Starkey Hearing, Bragi, Doppler, Miracle-Ear, Valancell, Earin AB, Eargo, AKG, Audio-Technica, Edifier.
The hearable devices market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hearable Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hearable Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hearable Devices Market - Supply Chain
4.5. Global Hearable Devices Market Forecast
4.5.1. Hearable Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hearable Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hearable Devices Market Absolute $ Opportunity
5. Global Hearable Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hearable Devices Market Size and Volume Forecast by Type
5.3.1. Headphone
5.3.2. Headset
5.3.3. Earbuds
5.3.4. Hearing Aids
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hearable Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hearable Devices Market Size and Volume Forecast by Application
6.3.1. Consumer
6.3.2. Healthcare
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hearable Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hearable Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hearable Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hearable Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hearable Devices Demand Share Forecast, 2019-2026
9. North America Hearable Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hearable Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hearable Devices Market Size and Volume Forecast by Application
9.4.1. Consumer
9.4.2. Healthcare
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hearable Devices Market Size and Volume Forecast by Type
9.7.1. Headphone
9.7.2. Headset
9.7.3. Earbuds
9.7.4. Hearing Aids
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hearable Devices Demand Share Forecast, 2019-2026
10. Latin America Hearable Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hearable Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hearable Devices Market Size and Volume Forecast by Application
10.4.1. Consumer
10.4.2. Healthcare
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hearable Devices Market Size and Volume Forecast by Type
10.7.1. Headphone
10.7.2. Headset
10.7.3. Earbuds
10.7.4. Hearing Aids
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hearable Devices Demand Share Forecast, 2019-2026
11. Europe Hearable Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hearable Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hearable Devices Market Size and Volume Forecast by Application
11.4.1. Consumer
11.4.2. Healthcare
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hearable Devices Market Size and Volume Forecast by Type
11.7.1. Headphone
11.7.2. Headset
11.7.3. Earbuds
11.7.4. Hearing Aids
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections y Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hearable Devices Demand Share, 2019-2026
12. Asia Pacific Hearable Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hearable Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hearable Devices Market Size and Volume Forecast by Application
12.4.1. Consumer
12.4.2. Healthcare
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hearable Devices Market Size and Volume Forecast by Type
12.7.1. Headphone
12.7.2. Headset
12.7.3. Earbuds
12.7.4. Hearing Aids
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hearable Devices Demand Share, 2019-2026
13. Middle East & Africa Hearable Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hearable Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hearable Devices Market Size and Volume Forecast by Application
13.4.1. Consumer
13.4.2. Healthcare
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hearable Devices Market Size and Volume Forecast by Type
13.7.1. Headphone
13.7.2. Headset
13.7.3. Earbuds
13.7.4. Hearing Aids
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hearable Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hearable Devices Market: Market Share Analysis
14.2. Hearable Devices Distributors and Customers
14.3. Hearable Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Apple
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samsung
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sennheiser
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sony
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GN(Jabra)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sivantos
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Starkey Hearing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bragi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Doppler
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Miracle-Ear
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Valancell
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Earin AB
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eargo
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. AKG
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Audio-Technica
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Edifier
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook