Hearables Market 2021 Competitive Insights - Sonova Holding AG, Demant A/S, WS Audiology A/S, Starkey Hearing Technologies

The Hearables Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Global Hearables Market is expected to register a CAGR of 11.7% during the forecast period of 2020-2025.

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Top Leading Companies of Hearables Market are Sonova Holding AG, 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 and others.

Industry News and Updates

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

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.

Regional Outlook of Hearables Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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.

Analytical Tools: The 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.

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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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