Hearables Global Market 2023: Sector to Reach $70.3 Billion by 2028 at a CAGR of 12.11%


Dublin, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The "Hearables Market by Product, Type, Connectivity Technology, End User, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global hearables market size reached US$ 35.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 70.3 Billion by 2028, exhibiting a CAGR of 12.11% during 2022-2028.

Companies Mentioned

  • Apple Inc.
  • Bose Corporation
  • Bragi
  • Jabra
  • LG Electronics (LG Corporation)
  • Logitech International S.A.
  • Ptron (Palred Technologies Ltd)
  • Samsung Electronics Co. Ltd.
  • Skullcandy Inc
  • Sony Corporation
  • Starkey Laboratories Inc.
  • Voxx International Corporation
  • Widex A/S

Hearables, or smart headphones, refer to convenient, wireless, computational in-ear wearable devices designed for wireless communication, clinical monitoring, and fitness tracking. They can be interconnected with any electronic device through Bluetooth, digital enhanced cordless telecommunication (DECT), Wi-Fi, and cellular networks.

As compared to conventional headphones, hearables are featured with biometric proximity and various sensors that enable devices to acquire users' contexts, preferences, and behaviors.

Apart from this, they can supervise brain waves to generate better sound output, enhance ambient sounds, augment voice clarity, and provide voice-based personal assistance. Based on these properties, hearables are worn by users to suppress environment-based noise and improve the overall audio experience. Currently, they are mainly available in on and over-ear headsets and earbud forms.

With the considerable expansion in the electronics sector, there has been an increasing need for wireless headphones and infotainment devices with enhanced audio and noise cancellation properties, which is majorly driving the market growth.

Additionally, the launch of portable hearables and their widespread adoption across the commercial and industrial sectors to monitor individuals' health status and mitigate the hearing loss threat are acting as another growth-inducing factor. In line with this, the advent of in-ear or external microphone hearing computing to allow hands-free calling and communication while mitigating background noises is contributing to the market growth.

This is further influenced by the large-scale integration of location-based suggestions, voice-based personal assistance, gesture and touch-based control, and near-field communication (NFC) technologies.

Moreover, the shifting consumer inclination toward miniaturized electronic devices due to their sleek design is supplementing the product demand. Apart from this, strategic collaborations amongst key players to engineer hearables with audio programming, real-time metrics, and sleeping solutions are positively stimulating the market growth.

Key Questions Answered in This Report
1. What was the size of the global hearables market in 2022?
2. What is the expected growth rate of the global hearables market during 2023-2028?
3. What are the key factors driving the global hearables market?
4. What has been the impact of COVID-19 on the global hearables market?
5. What is the breakup of the global hearables market based on the product?
6. What is the breakup of the global hearables market based on the type?
7. What is the breakup of the global hearables market based on the end user?
8. What are the key regions in the global hearables market?
9. Who are the key players/companies in the global hearables market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Hearables Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product
6.1 Headsets
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Earbuds
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Hearing Aids
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Type
7.1 On Ear
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 In Ear
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Over Ear
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by Connectivity Technology
8.1 Wired
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Wireless
8.2.1 Market Trends
8.2.2 Key Segments Bluetooth Wi-Fi DECT Others
8.2.3 Market Forecast

9 Market Breakup by End User
9.1 Consumer
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Industrial
9.2.1 Market Trends
9.2.2 Key Segments Construction Manufacturing Mining Others
9.2.3 Market Forecast
9.3 Healthcare
9.3.1 Market Trends
9.3.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/jwac92-market?w=12

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