Future Market Insights
A range of devices across the consumer electronics industry are eliminating cables and including wireless functionalities as a part of the growing trend. A combination of developments in battery and wireless communication is fueling the development and adoption of wireless devices. Some of the recent examples of devices that have eliminated wires are Earphones and mobile chargers. The consumers have accepted innovations to these devices and have readily adopted the wireless form factor for these devices.
Hearable devices are wireless devices which provide voice inputs directly to user’s ears via tiny speakers that can be worn by the user either in the ear or over it. Hearable devices are typically used for multimedia applications, but a significant number of hearable devices are also used in medical applications by patients with hearing impairment issues. Hearable devices have gained considerable momentum in recent times owing to the developments in wireless and battery technologies.
Hearable Devices Market: Drivers & Challenges
Hearable devices are in trend and are being developed and launched by numerous manufacturers to catch up to a growing trend. One of the major usages of hearable devices is paired with the multimedia usage in smartphones. The growth in smartphone technology is heading towards slimming down of devices which has forced smartphone manufacturers to eliminate the AUX port from devices propelling the growth of Hearable devices. However, the current hearable devices in the market are available at a higher price point than their traditional alternatives. A large part of the consumer markets, is highly price sensitive and is still to adopt hearable devices, should the prices fall to an affordable range.
Hearable Devices Market: Segmentation
Segmentation of Hearable Devices Market, By Type
Hearable Devices Market: Regional Overview
North America is expected to lead the Hearable Devices market in terms of market share followed by Asia Pacific and Western Europe. The growth of Hearable Devices market in North America will be fuelled by the consumers’ favorable attitude towards high end mobile accessories.
Hearable Devices Market: Competitive Landscape
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