Hearables Market Expected to Reach $93.90 Billion By 2026 | Apple, Inc, Bose Corporation, BRAGI GmbH, Koninklijke Philips N.V., Samsung Electronics

Hearables to Drive the Attention Among the Folks for all its Perks

The word hearable is widely spreading gaining more and more attraction as both hearing aid and wireless earbuds with advanced features. This hybrid technology is becoming alluring with its combination of wearable technology with the functionality of a headphone.

With the advancements in technology, commercial electronics companies have recognized the potential of developing earbuds with multiple applications including measuring biometrics, offering a great quality of music, and the ability to amplify the sound. At the same time, companies offering hearing aids are now initiating to advance their devices by integrating more features and offering wireless solutions.

Leading Key Players:

Eartex Ltd., EERS Global Technologies Inc., Firecom, Fujikon, NoiseBuster (Pro Tech Technologies, Inc.), QuietOn, Setcom Corporation, Sonetics Corporation, Sensear Pty Ltd., and Silentium

Simultaneously, hearable technology has much more to offer. And here are some of the features and benefits the technology unfurls.

• Medical monitoring and measuring- One of the major things that are bringing wearables into the limelight is their ability to instantly measure a number of health-related things such as body temperature, heart rate, blood pressure, pulse oximetry, and even ECG.
• Activity tracker- Activity tracking is one of the trending feature, demanded by almost all the fitness enthusiast. And, this is another thing making wearables more attractive. Hearables offer activity tracking ranging from a pedometer to enhanced caloric output based on movements.
• Enhanced sound quality- Among the multiple features, its sound quality is probably the best for all features. The combined technology of hearing aid and headphone has offered more than sound filtering.
• Improved hearing- The reason for calling these smart ear buds a hearing aid is because it can improve hearing. However, there are various companies that are working on bringing hearing to above normal levels.
• Biometric personal identification- Various wearables are also equipped with biometric personal identification that helps recognize its owner based on the shape and size of the ear.
• Sync with other devices- Hearable offers a seamless synchronization with other smart devices including smartphones, home devices, and digital assistances.

The Global hearables market size was valued at $21.20 billion in 2018, and is projected to reach $93.90 billion by 2026, growing at a CAGR of 17.2% from 2019 to 2026

With an insight of ear enhancing devices currently available in the market, hearable is likely to assist in minimizing the disgrace of hearing aids. This in turn would also help people prevent and improve hearing loss earlier. However, there are certain challenges that are associated with AI-Based technology based on privacy, security, and legal issues. Nevertheless, the benefits offered by hearable fairly overshadow its negatives. Despite the challenges, hearables are receiving mounting attention.

The growing demand for wireless headphones and infotainment devices and developing hearable computing along with rapid technological advancements in voice user interface are some of the major reasons fueling the growth of the industry. At the same time, the demand for miniaturized wearable electronic devices for monitoring health is increasing, which in turn is further contributing to the progress.

Nonetheless, the focus toward the implementation of hearing devices to prevent hearing loss in industrial applications is mounting. Also, the government organizations and major companies in the industry are now initiating to advance the technology to eliminate hearing damage as well as to provide the workers with suitable protection as headsets to cover their ears and enable noise cancellation. Moreover, all these aspects are expected to bring upon an array of opportunities for the market players. And, with the further technological advancements, the industry is anticipated to expand its prospects and grow exponentially, in the coming years.

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