Balanced Armature Receiver Market is Estimated to USD 1,110.22 Million by the end of 2028: Cognitive Market Research

Market Overview:
A balanced armature receiver is a multi-physics device in which the electromagnetic and mechanical domains are coupled. Various distinct audio receiver technologies are used to convert electrical signals into acoustic signals. The newer and smaller balanced armature receiver also known as a driver type is among them.
The armature (a metal strip) is sandwiched between two magnets and encircled by a coil. Between two magnets, the armature point is precisely centered (balanced armature). The armature is put in motion by current flowing through the coil, which injects flux into it. The membrane is moved by a driving pin linked to the armature on one end and produces sound on the other end.
The advantages of a balanced armature (BA) receiver include its small size and good sound quality, which appeal to today's trend of mobility and superior acoustics. In situations where efficiency (battery life) and size are essential considerations, balanced armature receivers are the favored technology.
A balanced armature receiver's most prevalent application is in hearing aids. The balanced-armature receiver can also be found in in-ear earbuds, security headsets, speakerphones, and pacemakers, in addition to hearing aids. There are two types of these: dual and single.

Report Insights:
• The Global Balanced Armature Receiver Market is expected to reach USD 1,110.22 Million by the end of 2028, growing at a CAGR of 3.64% between 2021 and 2028.
• The Dual Revenue is anticipated to reach at USD 534.17 Million in 2028
• The Consumer Electronics Revenue in Balanced Armature Receiver is estimated to reach USD 567.35 Million in 2028.

To know more The Balanced Armature Receiver Market statistics, click here: https://www.cognitivemarketresearch.com/balanced-armature-receiver-market-report

Market Drivers:
• Rising geriatric population
People over the age of 65 are considered old. With the growing aging population, some health issues are projected to provide a burden to the healthcare system. Hearing loss is one of the most common health problems that many seniors suffer. It is one of the most typical problems that older and elderly people face.
Hearing loss affects one out of every three adults in the United States between the ages of 65 and 74, and nearly half of those over 75 have difficulties hearing. According to NHIS data, 41 percent of males and 27 percent of women over the age of 60 have hearing loss. Hearing problems are becoming more common as the population ages.
According to the United Nations' World Population Prospects 2019 (UN, 2019), by 2050, one in every six persons in the world will be over the age of 65, up from one in every eleven in 2019. Disabling hearing loss affects 164.5 million people over the age of 65, accounting for 33 percent of the world's population. It also affects around one-third of those over the age of 65.
Disabling hearing loss is most common in those over 65 years old in Sub-Saharan Africa, Asia Pacific, and South Asia. Overall, the prevalence of debilitating hearing loss rises with age. To address this hearing impairment, more people are opting for hearing aids, which increases the demand for balanced armature receivers.
Hearing aids are the most typical use for a balanced armature receiver. The microphone in hearing aids captures sound pressure, causing its membrane to vibrate. These vibrations are physically conveyed and transformed into an electrical signal before being sent to the hearing aid amplifier/DSP.
According to the National Health Interview Survey, 7.5 million persons aged 60 and over use hearing aids. Hearing aid use rises with age in the United States. According to NHIS statistics from 2018, about 5% of individuals in their 50s wear hearing aids, but that figure climbs to roughly 24% among persons in their 80s. As the number of people who use hearing aids grows, so does the need for balanced armature receivers.
Hence, the rising geriatric population propels the growth of the balanced armature receiver market growth.
• Rising terrorist attacks and focus on counter operations
• Restraints for Balanced Armature Receiver Market
High costs
• Opportunities for Balanced Armature Receiver Market
Increasing trend for earphones

Cognitive Market Research Company's Research Methodology - https://www.cognitivemarketresearch.com/research-methodology

Market Segmentation:
Type
• Dual
The use of dual receivers reduces vibration and helps to avoid feedback. Vibration is reduced by using two receivers, but efficiency and cost are compromised. The vibration patterns of the dual receivers cancel each other out, allowing the designers to drive the receiver harder before the vibrations are picked up by the microphone(s) and provide feedback
• Single
The single receiver offers maximum efficiency with no vibration reduction. In comparison to the dual receiver, a single full-size balanced armature receiver is less costly to manufacture.

Application
• Consumer Electronics
A balanced armature receiver is used in consumer electronics like earphones, headphones, Speakerphones, and accessory boxes. For balanced armature speakers, these receivers and speakers are the recommended choice in the professional audio industry. Balanced armature earbuds are an option for anybody looking for a superior, immersive sound experience from their smartphone, MP3 player, or another portable audio device. The precision, clarity, and realism that balanced armature technology delivers can greatly improve music, films, and even phone calls.
• Medical health field
A balanced armature receiver is extensively used in hearing aids and pacemakers. They're small and light, and they provide more output with less energy. For years, hearing aid manufacturers have leveraged the same benefits, and now new active hearables do as well.
• Military Security
• Others

Get free sample pages of latest published Balanced Armature Receiver Market Report: https://www.cognitivemarketresearch.com/balanced-armature-receiver-market-report/report_enquiry/4

- Balanced Armature Receiver Market Manufacturers Profiles/Analysis:
Knowles, Sonion, Bellsing, SYT Audio, Sony Corpration, Molex, Crillon

News
• February 2022
Knowles Introduced New Balanced Armature Receiver for Over-The-Counter Hearing Aid Market
Knowles Corporation, a market leader and global provider of advanced micro-acoustic microphones, speakers, audio solutions, high performance capacitors and RF products, announced the RAQ, a new medium-power balanced armature receiver developed for high volume hearing health and TWS products.
• December 2021
Knowles Partners with Ole Wolff to Deliver Compact Hybrid Driver for TWS Earphones with HD Audio and ANC
Knowles Corporation, and Ole Wolff, a manufacturer of high-quality speakers, receivers, and provider of acoustic system integration, announced the result of their cooperation to improve the comfort and performance of True Wireless Stereo (TWS) earphones with high-definition audio and active noise cancellation (ANC).

Related Reports:
Balanced armature Magnetic Speakers Market: https://www.cognitivemarketresearch.com/balanced-armature-magnetic-speakers-market-report
Articulated Balanced Arm Market: https://www.cognitivemarketresearch.com/articulated-balanced-arm-market-report
Balanced Arm Market: https://www.cognitivemarketresearch.com/balanced-arm-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us

About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

This release was published on openPR.