What is Hearable Devices Market?
A hearing aid may be a wearable sound-amplifying device that's intended to atone for impaired hearing. Between 400-500 million wireless headsets and other ear-worn electronics ship per annum. These are intended to cater to a spread of aural wants and wishes, and that they range from headphones for music provision to hearing aids. All of those devices are moving towards various levels of connectivity, most of which rely on Bluetooth technology. With the addition of sensors and on-device processing, hearable computing, or the power to actively augment or process audio for a range of purposes, including hearing assistance, has become possible in an exceedingly type of markets.
The market study is being classified by Type (Headphone, Headset (Traditional Headset, Earbuds) and Hearing Aids) and major geographies with country level break-up.
Apple Inc. (United States), Samsung Electronics Co., Ltd. (South Korea), Sennheiser Electronics GmBH, co. kg (Germany), Sony Corporation (Japan), GN Store Nord A/S (Denmark), Voxx International Corporation (United States), William Demant Holdings A/S (Denmark), Bose Corporation (United States), Widex Holding A/S (Denmark), Bragi GmbH (Germany), Starkey Hearing Technologies, Inc. (United States) and Doppler Labs Inc. (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Analyst at AMA have segmented the market study of Global Hearable Devices market by Type, Application and Region.
On the basis of geography, the market of Hearable Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Smartphones as A Source of Entertainment
- Consumer Preference for Wearable and Portable Devices
- Increasing Demand for Health Monitoring Applications and Hearing Aids
- High Investment in R&D for Hearable Devices by OEMS
- Advancements in Voice User Interface (UI)
- Emerging Hearable Computing
- Negative Health Effects on Children and Other User Groups
- Optimizing Battery Life
The Food and Drug Administration (FDA) is developing proposed regulations for over-thecounter (OTC) hearing aid devices. According to the FDA Reauthorization Act of 2017, these devices will be available to the consumer through retail outlets and without having to engage an audiologist, either for a pre-purchase hearing evaluation, or for the selection, fitting or verification of performance of the device.
Key Target AudienceManufacturers of Hearable Devices, Suppliers of Hearable Devices, Wholesalers, Distributors and Retailers of Hearable Devices, Healthcare Industry, Components Providers and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Hearable Devices Market?
"Growing Demand for Smartphones as A Source of Entertainment
" is seen as one of major growth factors of Hearable Devices Market in years to come.
2. Can we have customized study for Hearable Devices Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.