Rising demand for wireless headphones is expected to drive market growth. However, the high cost associated with advanced hearable devices is expected to restrain market growth. Increasing strategic partnerships and collaboration within industry players are expected to act as opportunities for market growth. However, battery life issues associated with wireless hearables are expected to pose a challenge to market growth.
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Data Bridge Market Research analyzes that the Global Hearable Market is expected to reach USD 167,695.06 million by 2030 from USD 48,154.23 million in 2022, growing with a substantial CAGR of 17.3% in the forecast period of 2023 to 2030.
Key Findings of the Study
Rising Demand for Wireless Headphones
In today's fast-paced world, where convenience and mobility are key, wireless headphones have emerged as a ubiquitous companion for individuals across the globe. These sleek and portable audio wearables have redefined the enjoyment level regarding audio content while enabling more active lifestyles. Wireless headphones provide newfound freedom to consumers, which allows them to move without the constraints of tangled cords or the fear of the sudden pull of headphone cables. Wireless audio wearables empower multitasking and engagement towards various activities while staying connected to our favorite tunes or podcasts. The seamless freedom offered by wireless headphones is making them an essential accessory in our modern digitized lives, which is expected to drive market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (In Ear, On Ear, Open Ear, and Over Ear), Sales Channel (Online Sales Channel and Offline Sales Channel), Noise Cancellation (Active-Noise Cancellation (ANC) and Passive Noise Cancellation (Isolation), Application (Personal Audio and Communication, Media and Entertainment, Noise Isolation/Cancellation, Health and Fitness (Hearing Aids) and Smart Device Interaction), Audio Input (With Microphone and Without Microphone), End User (Consumer, Healthcare and Industrial)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Poland, Denmark, Sweden, Norway, Finland, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, Oman, Qatar, Bahrain, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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Apple Inc. (U.S.), SAMSUNG (South Korea), Xiaomi (China), Sonova (Europe), WS Audiology A/S (Denmark), Bose Corporation (U.S.), LG Electronics (South Korea), Huawei Technologies Co, Ltd. (China), Starkey Laboratories, Inc. (U.S.), JABRA (A Subsidiary of GN STORE NORD A/S) (Denmark), Google (U.S.), Miracle-Ear (U.S.), Imagine Marketing Limited (India), Edifier (China), Fantasia Trading LLC (A Part Of Anker Innovations) (Soundcore) (U.S.), Skullcandy (U.S.), 3M (U.S.), Koninklijke Philips N.V. (Netherlands), Fujikon (China), Microsoft (U.S.), Bragi (Germany), Amazon.com, Inc. (U.S.), VOXX International Corp. (U.S.), Olive Union Inc. (Japan), Audio-Technica Corporation (Japan), QuietOn (Finland), NUHEARA LIMITED (Australia) and among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The global hearable market is segmented into six notable segments based on type, sales channel, noise cancellation, application, audio input, and end user.
- On the basis of type, the market is segmented into on ear, in ear, over ear, and open ear.
In 2023, in ear segment is expected to dominate the global hearable market
In 2023, in ear segment is expected to dominate the market with a market share of 48.73% owing to the increasing adoption of miniaturized earbuds among the younger population.
- On the basis of sales channel, the market is segmented into online sales channel and offline sales channel. In 2023, online sales channel segment is expected to dominate the market with a market share of 61.84%.
- On the basis of noise cancellation, the market is segmented into active-noise cancellation (ANC) and passive noise cancellation (isolation).
In 2023, active-noise cancellation (ANC) segment is expected to dominate the global hearable market
In 2023, active-noise cancellation (ANC) segment is expected to dominate the market with a market share of 60.22% owing to its advantages such as improved sound quality, customizable noise control, reduced fatigue, enhanced focus, and comfort.
- On the basis of application, the market is segmented into media and entertainment, noise isolation/cancellation, personal audio and communication, health and fitness (Hearing Aids), smart device interaction, and others. In 2023, personal audio and communication segment is expected to dominate the market with a market share of 38.39%.
- On the basis of audio input, the market is segmented into with microphone and without microphone. In 2023, with microphone segment is expected to dominate the market with a market share of 77.17%.
- On the basis of end user, the market is segmented into consumer, healthcare, and industrial. In 2023, consumer segment is expected to dominate the market with a market share of 71.05%.
Major Players
Data Bridge Market Research analyzes Apple Inc. (U.S.), SAMSUNG (South Korea), Xiaomi (China), Sonova (Europe), and Sony Corporation (Japan) as the major market players in the global hearable market.
Market Development
- In May 2023, Skullcandy relaunched its popular Crusher ANC headphones with a second-generation model that brought plenty of new features to the table, all at a lower price. The biggest improvement with this iteration was the battery life, as these headphones provided up to 60 hours of life with active noise cancellation disabled and 50 hours with ANC enabled. This benefited the company by boosting its sales, enhancing its brand reputation, and solidifying its position in the ANC wireless headphone market.
- In April 2023, Starkey Laboratories, Inc. proudly announced that its Genesis AI hearing aids were honored with the Red Dot Award for Product Design in 2023. These cutting-edge devices featured the industry's most advanced processor technology, boasting a compact yet powerful design with 6X more transistors, 5X more computational memory, 10X the non-volatile memory, and exceptional battery life doubling the performance of previous technology. This recognition benefited the company by making a real impact on reducing the stigma around hearing aids, enhancing brand reputation, and solidifying the company's position in the hearing aids market.
- In September 2022, Apple Inc. unveiled its second-generation AirPods Pro, featuring the powerful H2 chip. These AirPods Pro boasted enhanced audio performance, including upgrades to Active Noise Cancellation and Transparency mode. They also introduced an immersive Spatial Audio experience. The new features included Touch control for media playback and volume adjustments, extended battery life, a redesigned charging case, and an extra ear tip size for improved comfort. The product launch of the second-generation AirPods Pro by the company boosted sales, enhanced brand reputation, and solidify Apple's position in the audio market.
- In May 2021, Xiaomi announced the launch of new pair of noise-cancelling in-ear headphones in China. Mi Noise Cancelling in-ear headphones have been awarded the Japanese Hi-Res audio high-quality audio product certification that lets them restore CD-level sound quality. The launch was introduced to expand their business around the globe and expand their product portfolio.
- In August 2020, SAMSUNG launched Galaxy Buds Live Wireless Noise-Cancelling Earbuds. These earbuds, equipped with AKG's renowned sound technology and boasting three microphones along with a Voice Pickup Unit, deliver an exceptional audio experience by effectively blocking out ambient noise. This launch is expected to further set the company’s spot in the audio market, offering consumer’s needs.
Regional Analysis
Geographically, the countries covered in the global hearable market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Poland, Denmark, Sweden, Norway, Finland, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, Oman, Qatar, Bahrain, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate and is the fastest-growing region in the global hearable market
Asia-Pacific is expected to dominate and fastest region in the market due to its large and tech-savvy population, rapid technological adoption, manufacturing capabilities, economic growth, and cultural affinity for technology among other factors.
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