Hearables or smart headphones are technically advanced electronic in-ear-devices designed for multiple purposes, ranging from wireless transmission to communication objectives, medical monitoring, and fitness tracking
Global Hearable Devices Market Dynamics:
Major factor driving the growth of the Hearable Devices Market is technological advancements in electronic devices leading to miniaturization of product and increasing demand for advanced headphones that assist in daily life. In addition, increasing demand for portable headphones with health monitoring application and more advanced features such as high storage capacity, built-in rechargeable battery, hand free gestures, etc. is increasing its demand among youngster is another factor expected to fuel the growth of the global hearable devices market. Moreover, the rising prevalence of hearing loss among children and adults in developed and developing countries, increasing demand for hear aid devices is expected to support growth of the global hearable devices market.
Market Analysis by Application:
On the basis of application segmentation. Consumer segment is expected to contribute major revenue share and expected to maintain its dominance over the forecast period owing to various functionality offered by the devices such as ambient noise control, hand free calls, et. Healthcare segment is expected to register highest CAGR of 9% over the forecast period in the global hearable devices market.
Global Hearable Devices Market Segmentation, by Type:
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