Hearables Market Research, Growth Opportunities, Key Players, Outlook and Forecasts Report 2021-2027
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The Global Hearables Market is expected to register a CAGR of 11.7% during the forecast period of 2021-2026. Moreover, the market is multiplying due to the increasing demand for consumer preference for an enhanced audio experience, the growing music industry, and the growing penetration of the internet. The demand for on-ear and over-ear headphones has reduced due to the bulky size and cost of these headphones. However, the active noise cancellation and rich bass signature of wireless headphones make them a preferred choice among technologically advanced customers. For instance, in 2019, Xiaomi launched Mi Superbass Headphones, which has active noise cancellation, and its near field communication offers an enhanced listening experience for its customers. Moreover, the hearing aids market is growing at a significant rate due to the technological advancement of these products. According to the World Health Organisation, Over 5% of the world’s population or 466 million people are suffering from hearing loss, and it is expected to reach over 900 million people by 2050.
The major players covered in the Hearables Market:
Apple, Samsung, Sennheiser, Sony, GN(Jabra), Sivantos, Starkey Hearing, Bragi, Doppler, Miracle-Ear, Valencell, Earin AB, Eargo, AKG, Audio-Technica, Edifier
Apple has acquired 106 companies, including 34 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 2 assets. Apple’s largest acquisition to date was in 2014, when it acquired Beats Electronics for $3.0B. It’s largest disclosed sale occurred in 1998, when it sold Orion Network Systems to Loral Space & Communications for $479M. Apple has acquired in 13 different US states, and 15 countries. The Company’s most targeted sectors include software (35%) and internet software and services (32%).
Hearables Breakdown Data by Type
Headphone & Headsets
Hearables Breakdown Data by Application
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.
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the Hearables Market presented in the report. For the historical and forecast period 2016 to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
The report offers an in-depth assessment of the growth and other aspects of the Hearables Market in important countries (regions), including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa) and ROW.
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Table of Contents:
Global Hearables Market Research Report 2021
Chapter 1 - Market Overview
Chapter 2 - Industry's Global Economic Impact
Chapter 3 - Manufacturers' Global Market Competition
Chapter 4 - Revenue (Value) by Region for Global Productions
Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import
Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type
Chapter 7- Global Market Analysis by Application
Chapter 8 - Manufacturing Cost Analysis
Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers
Chapter 10 - Marketing Strategy Analysis, Distributors/Traders
Chapter 11- Market Effect Factors Analysis
Chapter 12- Global Hearables Market Forecast
Impact of Covid-19:
The COVID-19 pandemic had a minor impact on the Hearables Market's growth. The emergence of COVID-19 has caused a substantial setback to export-oriented economies in the region, owing to the temporary shutdown of manufacturing enterprises. For example, Germany's automotive industry has been seriously harmed because the majority of the country's automobile commerce is with China and Italy. Aside from concerns with exports and imports, the growth of Germany's manufacturing industry has been limited by the closure of production sites and a slowdown in operations to combat COVID-19's spread.
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