Search4Research.com adds latest research report on “Global Hearable Devices Market”, it include and classifies the Global Hearable Devices Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as future trends and growth prospect details for business development.
A hearable device is a kind of microcomputer that is positioned in the ear and is fitted in the ear canal of the user. This kind of device makes the use of wireless technology to enhance and complement the hearing experience of the wearer. There are many exciting and limitless possibilities of the hearable devices that are experiencing an excellent reception in the market. An area of application which has enormous applications in the field of hearable devices is the area of augmented hearing.
The word hearables is coined at the beginning of 2014, referring anything that fits in or on an ear that contains a wireless link or Bluetooth, whether that's for audio, or remote control of audio augmentation (qv). In terms of revenue, hearing aids, although one of the smaller volume segments, will dominate in terms of overall revenue, largely due to their historic sales and distribution channel which will maintain their high product price. The challenge will come from earbuds, which, if they gain customer acceptance will attract new users, not least from the 1.1 billion potential people identified by the WHO report as being susceptible to hearing loss. If they succeed, they will eventually take over the hearing aid category. These will be at a lower price, but with massively higher volumes. Even without challenging the hearing aid industry, the wireless ear bud will evolve into an important market in its own right. As a result it will become one of the most successful areas within the wearables market.
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Among all the major applications of the hearable devices market, the market for healthcare application accounted the largest share in 2017. The evolution of technology allows people to measure heart rates and other parameters such as body temperature, blood pressure, pulse oximetry, electrocardiogram (ECG), electroencephalogram signals, and others using various smart hearable devices available in the market. Companies in this market also started offering new capabilities in hearables to the elderly and other patients. These hearable devices also help manage particular health conditions and disease states.
Some key factors driving this market are the 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; and high investment in R&D for hearables by OEMs.
This study considers the Hearable Devices value and volume generated from the sales of the following segments:
Segmentation by product type:
- Hearing Aids
Segmentation by application:
This report also splits the market by region:
- Middle East & Africa
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- GN (Jabra)
Benefits of leading players
- Enhance productivity and optimizing back end manufacturing processes
- Product enhancement through integrating new strategies involving big data, advanced analytics into traditional manufacturing processes
- Growing businesses through serving into new application areas and identifying pockets of growth in emerging markets
- Focusing on cost effective production of devices with stability and robustness
- Strategies for Product differentiation and adjusting to the life cycle changes
- Strengthening collaboration with suppliers and distributors
- More focused strategies are found in the report
- To study and analyze the global Hearable Devices consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Hearable Devices market by identifying its various subsegments.
- Focuses on the key global Hearable Devices manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Hearable Devices with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Hearable Devices submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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