Hearable Devices Market Insights Covering Dynamics and Competitive Scenario through 2025February 23, 2021
The Global Hearable Devices Market was valued at USD 12.10 billion in 2016 and is projected to reach USD 28.28 billion by 2025, growing at a CAGR of 9.89% from 2017 to 2025.
Hearable Devices are technically advanced, electronic in ear devices designed for multiple purposes ranging from wireless transmission to communication objectives, medical monitoring and fitness tracking. Benefits of hearable devices include activity tracking, improved sound quality, augmented hearing, layered listening, more accurate vital signs, and biometric personal identification.
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1. Market Drivers
1.1 Technological advancements in voice user interface
1.2 Increasing demand for smartphones as a source of entertainment
1.3 Increasing adoption of wearable and portable devices
1.4 Rising demand for health monitoring applications and hearing aids
1.5 High investment for hearable devices
2. Market Restraints
2.1 Negative health effects on children and other user groups
2.2 Issues with delivering high-quality audio
The Global Hearable Devices Market is segmented on the technology, product, application, and region.
2. By Product:
2.1.1 By Processing Capabilities
2.1.2 By Type
2.2.1 By Processing Capabilities
3. By Application:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
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The major players in the market are as follows:
1. Samsung Electronics Co., Ltd.
2. Apple, Inc.
3. Sennheiser Electronic GmbH & Co.
4. Gn Store Nord
5. Widex Holding
6. Sony Corporation
7. William Demant Holdings
8. Bose Corporation
9. Harman International Industries, Incorporated
10. Voxx International Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Hearable Devices Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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