Hearables in Medical Devices - Thematic Intelligence

Hearables in Medical Devices - Thematic Intelligence

Summary

Hearables is the largest segment of the wearable tech industry by revenue. Worth $26 billion in 2019, the global hearables market will reach $131 billion by 2030, having grown at a compound annual growth rate (CAGR) of 15.7% over the period, according to GlobalData forecasts.

Hearables are ear-worn connected devices that allow users to listen to audio content, make and receive phone calls, monitor their health and activity, and access real-time information services such as traffic updates. The first hearables appeared in 2014, but the 2016 launch of Apple’s AirPods brought the devices to mainstream attention. The launch coincided with Apple’s decision to remove the iPhone's headphone jack, forcing users to either buy an adapter for wired headphones or invest in wireless earbuds.

Hearables have proven to be extremely popular with consumers, and they continue to evolve. The next generation of hearables will be designed for greater comfort and offer longer battery life. They will also feature services like immersive spatial audio, health monitoring, and artificial intelligence (AI)-based communication.

Scope

• This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
• The report covers the hearables theme.

Reasons to Buy

• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
• Develop and design your corporate strategies through an in-house expert analysis of hearable devices by understanding the primary ways in which this theme is impacting the healthcare industry.
• Stay up to date on the industry’s major players and where they sit in the value chain.
• Identify emerging industry trends to gain a competitive advantage.