Hearables Market Emerging Technologies and Innovations – Key Players, Forecast 2026 - Xiaomi Corporation, Samsung, Apple, Bose Corporation, GN Group

The “Global Hearables Market” Research Report 2021-2026 is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The Global Hearables Market is expected to register a CAGR of 11.7% during the forecast period of 2021-2026.

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The research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

Top Companies in the Global Hearables Market: Demant A/S, WS Audiology A/S, Starkey Hearing Technologies, Cochlear Limited, Apple Inc. (Incl Beats Electronics), Xiaomi Corporation, Samsung Electronics Co. Ltd (Harman International Industries Inc. (Incl JBL), Bose Corporation, GN Group, and Other.

Industry News and Update:

- April 2020: GN Group launched Re sound assist live to provide a new hearing care solution and is expected to reduce the need for in-office visits of older during these ongoing COVID 19 pandemic situations. However, GN believes its innovative solutions can offer the broadest range of at-home hearing care services for those who are suffering from hearing loss problems.

- February 2020: Starkey launched Livio Edge AI to provide a unique hearing experience for its customers. The company believes that it can provide improved sound quality and sound processing for challenging listening environments. Moreover, its Edge Mode can provide an AI-based analysis of the acoustic environment and can make immediate adjustments for the patients.

Key Market Trends:

Wireless Headphones to Hold the Significant Market Share

- The shifting preference of consumers is expected to drive the growth of this market. Wireless headphones are enabled with Bluetooth and Wi-Fi technology, which helps the user to connect their phones and other devices with these headphones. Additionally, the rapid demand for mobility services is also fuelling the growth of this market.

- The new technological advancements of wireless headphones are the primary drivers of this market. For instance, in 2019, Apple launched Airpods Pro, which is integrated with Active Noise Cancellation and superior, immersive sound. Moreover, this product also provides additional benefits to its consumers, such as Voice-activated Siri, Audio sharing, and Eartip fit test.

- Furthermore, hearable computing is the fastest emerging technology that offers hands-free calling and communication to ensure noise-free mobile communication to its customers. For instance, in 2020, Xiaomi launched Mi AirDots 2 SE, which is not only a cost-effective solution for its customers but also provides smart voice control along with touch controls for volume and track change.

Regional Analysis:

Asia Pacific to Hold the Significant Market Share

- Asia Pacific region holds the largest market share for this market during this forecast period. The rapid urbanization and industrialization in developing countries such as China, India, Japan are the key growth drivers for this market. Furthermore, increasing penetration of jack-less mobile phones and surge in the spending of electronic goods are increasing the demand for hearable products for these countries.

- Moreover, the rapidly growing blockchain technology, machine learning (ML), artificial intelligence (AI), the internet of things (IoT) are the primary driver of flourishing e-commerce industries for these regions. For instance, Alibaba currently covers 80% of online sales in China, and Flipkart has over 100 million registered users and holds 43% share of entire India’s e-commerce market. Hence this rapidly growing e-commerce market is fuelling the growth of wireless headphones and earbuds markets.

- Most of the consumers in these regions are price sensitive. Hence significant vendors in this market are offering price-sensitive wireless headphones that can support them to cater to this untapped market. For instance, Sony recently launched WH-CH710N, which not only affordable to the consumers but also it is specially designed for work from home solutions during this COVID 19 pandemic situation.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: The Global Hearables Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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