Industrial Hearables Market Assessment and Key Insights Analyzed Till 2026
A hearable device is a
kind of microcomputer that is positioned in the ear and is fitted in the ear
canal of the user. This kind of device makes the use of wireless technology to
enhance and complement the hearing experience of the wearer. There are many
exciting and limitless possibilities of the hearable devices that are
experiencing an excellent reception in the market.
An area of application
which has enormous applications in the field of hearable devices is the area of
augmented hearing. With the aid of this technology, there would be an
improvement of the hearing faculty to above normal levels. However, this
technology is still in its evolution stage.
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There is another
exciting area of application of hearable devices is in the form of layered
listening technology, which allows the users to filter out or enhance specific
sounds. Besides such ground breaking technologies, the hearable devices also
offer features such as monitoring of the vital body signs such as the heart
rate, body temperature, ECG, blood pressure and pulse monitoring. Besides,
hearables can also be used as personal identification devices in which sound
waves are used as a means of identification of an individual. Also,
hearable devices are also used to enhance the quality of the sound which the
wearer receives and function as hearing aids.
The global industrial
hearables market is slated to reach a valuation of nearly US$ 992 Mn in the
year 2026 and exhibit a robust CAGR during the period of forecast.
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4 Forecast Highlights
on Global Industrial Hearables Market
·
As per the forecast of
Future Market Insights, the personal sound amplifiers (PSAPs) product type
segment is slated to touch a value of nearly US$ 300 Mn in the year 2026. This
represents a robust CAGR growth during the assessment period of 2017-2026. The
personal sound amplifiers (PSAPs) product type segment was estimated to account
for more than one fourth of the revenue share of the product type category by
the year 2017 and is expected to gain in market share by the year 2026 end.
·
As per the assessment
of Future Market Insights, the wireless segment will reach a valuation of
nearly US$ 386 Mn in the year 2026. This represents a robust CAGR growth during
the period of assessment. The wireless segment was estimated to account for more
than one-third of the revenue share of the technology category in the year 2017
and is expected to gain market share by the end of the year 2026.
·
As per the estimates
of Future Market Insights, the hypermarket/supermarket segment is slated to
reach a valuation of nearly US$ 51 Mn in 2026. The hypermarket/supermarket
segment is expected to lose market share by the end of the year 2026. The
largest share is contributed by the North America region in the
hypermarket/supermarket segment.
·
FMI forecasts the US industrial
hearables market to grow from US$ 180.6 Mn in 2017 to US$ 345.7 Mn in 2026.
This represents a compound annual growth rate (CAGR) of 7.5% from 2017 to 2026.
Competition Landscape
The report has also
profiled leading players in the global industrial hearables market, which will remain
active through 2026. These include companies such as Medtechnica Orthophone,
Sivantos Pte. Ltd., Widex A/S, Miracle Hearing Aid Clinic, GN Store Nord A/S,
Sonova Holding AG, Siemens Healthcare, GN ReSound, Cochlear, Persona, , Starkey
Hearing Aids, William Demant Holding A/S, MED-EL, Shenzhen Sunsky Technology
Union Hearing Aid Centre, Beltone and Eartone.
For further insights
into the global industrial hearables market, write in to Future Market Insights
analysts at press@futuremarketinsights.com
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About Industrial Automation Division at Future
Market Insights
The Industrial Automation & Equipment division
at FMI adopts a novel approach and innovative perspective in analyzing the
global machinery and industrial automation market. A range of FMI’s market
research reports offer comprehensive coverage of capital, portable, process,
construction, industrial, and special purpose machinery used across
manufacturing sector. The team also conducts distinctive analysis about
installed base, consumables, replacement, and USP-feature application matrix,
making us a prominent voice of authority in the industry. We are associates of
choice for established as well as budding industry
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