"Rising Demand for Wireless Headphones in Industries is Driving Industrial Hearable Market"

Globally, the industrial hearable market is expected to grow with a CAGR of 35.4% during the forecast period from 2023 to 2030, and was recorded to have a market value of US$ 334.30 Mn in 2021. The hearable technology is a form of hybrid technology, which merges wearable technology in hearing devices. The hearable devices have various applications, which include noise cancellation, directional hearing, audio analysis, sound applications, audio masking, and other applications, in various industry verticals.

One of the major advantages of the hearable devices is that it ensure the hearing aid for the user during the noisy working place, loud sound area and other places where the range of sound is high such as in manufacturing industries, steel plants, automotive industries, construction and others which can lead to various hearing issues among the user. Additionally, the hearing devices cancel the noise to a minimal level so that the user can hear properly during high sound.

Globally, the demand for wireless headphones is rapidly growing as consumer preference is changing from wired to wireless components. Additionally, connectivity of wireless headphones to advanced technologies such as Bluetooth and Wifi is increasing its usage as it helps the user connect their devices and headsets. Furthermore, increasing adoption of emerging technologies also promotes the use of hands-free communication devices that ensures good voice quality and effective communication. Thus, drives the growth of this market.

"Industrial Wireless Audio/Voice Application Segment Continues to Dominate the Market"

In 2020, the industrial wireless audio/voice application segment led the overall industrial hearable market with more than 1/3rd of the total market share. The hearable devices allows the user to speak and listen at the same time during high sound in work place and industries, which increases the efficiency of the process and allows the workers to understand the process during these times. However, high cost of advanced hearable devices is expected to hamper the market growth globally.

"Asia-Pacific Dominates the Market by Region"

The global industrial hearable market is led by Asia-Pacific with more than 1/4th of the market share. The market in the region is growing due to increasing manufacturing, healthcare, automotive, consumer products, textile, chemicals and other industry in the region. Moreover, the rising hearing issues among the worker due to various noise and sound created in various industries. Various governments in the regions are taking initiative to increase the awareness among the individuals in the region, which is boosting the growth of the market.

Some of the prominent players operating in the industrial hearable market includes EERS Global Technologies Inc., Eartex Ltd., Firecom, Fujikon, QuietOn, NoiseBuster (Pro Tech Technologies, Inc.), Setcom Corporation, Sensear Pty. Ltd., Sonetics, Silentium, Siemens Healthcare, and Medtechnica Orthophone.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Industrial Hearable market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Industrial Hearable market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Industrial Hearable market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Industrial Hearable market?
• Which is the largest regional market for Industrial Hearable market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Industrial Hearable market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Industrial Hearable market worldwide?