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Industrial Hearables Market

Industrial Hearables Market By Product Type (Headphones or Earbuds, Personal Sound Amplifiers (PSAPs), Hearing Aids), Technology Type (Wired and Wireless), Distribution Channel (Hypermarket/Supermarket, Multi Branded Stores, Exclusive Stores, Online) & Region - Forecast 2022 – 2026

Industrial Hearables Market By Product Type (Headphones or Earbuds, Personal Sound Amplifiers (PSAPs), Hearing Aids), Technology Type (Wired and Wireless), Distribution Channel (Hypermarket/Supermarket, Multi Branded Stores, Exclusive Stores, Online) & Region - Forecast 2022 – 2026

Industrial Hearables Market - Analysis, Outlook, Growth, Trends, Forecasts

Industrial Hearables Market Snapshot

[185 Pages] Demand in the Industrial Hearables Market is projected to increase at a robust 7.8% CAGR between 2022 and 2026. Future Market Insights (FMI) forecasts the market value to top US$ 991.5 Mn in 2026.

Industrial Hearables Market Estimated Year Value (2022E)

US$  733.8 Mn

Industrial Hearables Market Projected Year Value (2026F)

US$  991.5 Mn

Value CAGR (2022-2026)

7.8%

Collective Value Share: Top 3 Countries (2022E)

50.6%

Industries are the potential area in which hearable technology is evolving on a larger basis which helps in augmenting hearing and improves the hearing faculty over the normal levels.

Industrial noise level over 85 decibel is believed to be harmful for workers liable to such environments which results in growing focus toward adoption of hearing devices to prevent hearing loss is expected to bolster the demand of the product over the years to come Considering this, FMI has forecast the global Industrial Hearable sales to reach a valuation of US$ 991.5 Mn in 2026.

FMI has identified North America to remain key market for Industrial Hearable over the forecast period owing to increasing demand for industrial hearables in consumer, medical and manufacturing industries. The region is estimated to witness a value growth of 7.6% in the industry of Industrial Hearable for manufacturing and construction sectors.

2012-2021 Industrial Hearables Market Outlook Compared to 2022-2026 Forecast

Sales of Industrial Hearables increased at nearly 7.3% CAGR between 2012 and 2021, with countries such as the U.S., Germany, Canada, France, and U.K. accounting for a substantial portion of the global market.

A growing demand exists for proven and quantifiable sound and sound therapies, as well as more scalable, tailored, and seamless systems to meet that desire. Shifting consumer preferences from wired to wireless earbuds has led to an increase in demand for wireless headphones majorly contributing to the industrial hearables market growth, and due to this the market will expand at a higher CAGR throughout the forecast period, thereby, continuously augmenting sales of industrial hearables.

One of the major driving forces for market growth of industrial hearable is its rising prominence in industrial facilities. The endurance of the hearing aid for the user in manufacturing industries or industrial areas while working in noisy places can lead to various hearing issues among the user, and this is anticipated to augment the market growth in recent years. As a result, the Industrial Hearables Market is projected to grow at 7.8% CAGR during the forecast period of 2022 to 2026.

What is the Impact of COVID-19 Crisis on Industrial Hearables Market?

The industrial sector suffered major blow due to the COVID-19 pandemic. In many countries, numerous production facilities were entirely out of business because of lockdowns, which directly affected the sales of Industrial Hearables. Stagnated production & manufacturing processes further dampened sales prospects in the market.

Industries are gradually recovering from losses as numerous production facilities have reopened, which resulted in positive sales scenario in the overall global market.  Increasing sales of Industrial Hearable via various E-commerce platforms and surging online sales is also expected to boost demand in the forthcoming years.  

Industrial Hearables Market - Country-wise Insights

What Is the Demand Outlook for Industrial Hearable in China?

China is projected to account for around 23% of the East Asia market share during the assessment period.  Also, many manufacturers from China export their products to countries all over the world, which is expected to augment growth of the Industrial Hearables Market in China.  

Major factor responsible for the growth of market in China is due to industrialization. In East Asia industrialization is rising in the countries such as China and Japan, which is primarily driving the market growth in this region. Japan and China have made remarkable advancements in hearing technologies for various end use industries that has led to the increasing demand for wireless sensors technology. This has resulted in higher adoption of this technology contributing to the future market growth.  Also, government participation and investments are sustaining the market growth in the country.

Why the Demand for Industrial Hearable Rising in the U.S.?

The North America market for industrial hearable is anticipated to record a highest value share of 41.5% in the overall global market. The country of U.S. is projected to account for approximately 85.6% of the North America Industrial Hearables Market in 2022. There has been an increasing expansion of supermarkets and hypermarkets in this region coupled with e-commerce rise. These retail chains will be the prime distribution channels for these products. The increasing disposable income of consumers is also one of the primary aspects driving the sales of industrial hearables in this region.

Why is Germany Considered as a prominent market for Industrial Hearables?

Germany is projected to account for 32.3% value share of the Europe Industrial Hearables Market in 2022. Consumers in Germany have high prospects when it comes to technologically advanced products. In Germany, with speedy expansion in automotive sector, German consumers preference is inclining towards high performance products which is expected to propel the sales of Industrial hearable over the assessment period. 

Along with the rising awareness, there is rising demand for smart electronics and the increasing purchasing power of the population, are some of the factors expected to boost the growth of the European market. In accordance with noise cancellation, the need of protocols is estimated to result in ample opportunities for market growth. Also, in terms of e-commerce advent of technologies, launches and innovations in these region mainly benefited the country level sales of industrial hearable over the forecast period.

Industrial Hearables Market - Category-wise Insights

Why are Sales of headphones or earbuds increasing?

Sales of headphones or earbuds are expected to grow at an impressive 6.9% CAGR over the forecast period of 2022 to 2026. Among the global Industrial Hearables Market's product type, the largest is Headphones or Earbuds, which represents US$ 456.9 Mn of the market, or 62.3% in 2022 and the absolute growth of this segment is larger than the any other segment.

Headphones or earbuds are becoming increasingly popular with increasing consumer preferences towards wireless headphones or earbuds is bolstering the market growth in coming years. Through more clearly defined audio-markets, the companies will continue to focus on winning market share and offering competitive features in their Hearable solutions.

Why Sales of Wireless technology will Gain Traction?

The wireless segment is projected to grow with a value CAGR of 8.2% over the forecast period of 2022 to 2026, due to changing consumer preferences from wired to wireless technology globally, increasing adoption of emerging technologies is promoting workers' safety and the sales of the wireless hearables during the course of assessment period.

While consumers wait for full-featured sensor-enhanced Hearables for the wellness and fitness sectors, interim partnerships will pair Hearables with existing wearable devices (such as rings, watches, and other consumer wellness-monitoring products) to collect biometric data and provide personalised audio-based solutions - ideally managed from a single software interface on your mobile phone.

Which distribution channel is most preferred?

The Hypermarket/Supermarket segment is estimated to hold nearly one-fourth of the total market value share in 2022. In terms of product sales revenue, this distribution channel will dominate in terms of overall revenue, and maintain its high CAGR throughout the forecast period.

Which region has major demand for Industrial Hearables Market?  

North America is projected to account for around 42.0% of the total market share by the year 2022. Rising implementation of automation, adoption of new business models, technological advancements driving the demand for advanced product which is fuelling the market growth of industrial hearable in North America region. Also, Europe is the second leading region in the Industrial Hearables Market which is expected to account for 28.4% market share by the end 2026.

The emerging economies of China and India are witnessing growth in the construction sector which is gaining traction in the market growth of global Industrial Hearables Market and hence is expected to grow with the steady CAGR throughout the forecast period 2022 to 2026.

Industrial Hearables Market - Competitive Landscape

Leading players operating in the Industrial Hearables Market are Beltone Corporation, Cochlear Ltd, GN Store Nord A/S, Siemens Healthcare GmbH, Sivantos Pte. Ltd., Sonova Holding AG, Starkey Hearing Technologies, Widex A/S, William Demant Holding A/S, Oticon GmbH are among others. Product innovation and advancement in technology is likely to further raise the bar of competition in the forthcoming years.

Industrial Hearables Market players are actively focusing on technology upgrading, product differentiation, product sensitivity and aggressive pricing. Many of the companies are entering into distribution and manufacture partnership for industrial hearable devices to expand their global market presence. Hearable companies which prototype and design their products with advanced capabilities, will position themselves higher in the market. For instance:

  • In August 2021, Starkey Unveils Evolv AI, launched the most Innovative line of Hearing Aids which is the second generation of the smartest hearing aid offering effortless hearing, effortless connection and effortless selection.
  • Oticon Inc. introduced Oticon More, the first hearing aid with an on-board deep neural network (DNN), in January 2021, to provide those with mild to severe hearing loss with a broader, more balanced, and more effortless listening experience.

Scope of Report

Attribute

Details

Forecast Period

2022-2026

Historical Data Available for

2012-2021

Market Analysis

USD Million for Value and Units for Volume

Key Regions Covered

North America, Latin America, Europe, Japan, APEJ and Middle East & Africa

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, India, Australia & New Zealand, GCC Countries and South Africa

Key Segments Covered

Product Type, Technology, Distribution Channel, and Region

Key Companies Profiled

  • Beltone Corporation
  • Cochlear Ltd
  • GN Store Nord A/S
  • Siemens Healthcare GmbH
  • Sivantos Pte. Ltd.
  • Sonova Holding AG
  • Starkey Hearing Technologies
  • Widex A/S
  • William Demant Holding A/S
  • Oticon GmbH

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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Industrial Hearables Markey by Category

By Product Type:

  • Headphones or Earbuds
  • Personal Sound Amplifiers (PSAPs)
  • Hearing Aids

By Technology:

  • Wired
  • Wireless

By Distribution Channel:

  • Hypermarket/Supermarket
  • Multi Branded Stores
  • Exclusive Stores
  • Online

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • Middle East and Africa

Key Questions Answered in the Report

What is the Industrial Hearables market value in 2022E?

The Industrial Hearables Market reached a valuation of US$ 733.8 Mn in 2022E.
The Industrial Hearables market experienced moderate growth, exhibiting a 7.3% CAGR between 2012 and 2021.
Product innovation through technological advancements and rising demand for safety products are driving the sales of Industrial Hearables globally.
North America Industrial Hearables market is projected to grow at an impressive 7.6% CAGR during the forecast period.
The Industrial Hearables market in Europe is anticipated to expand at an 8.1% CAGR between 2022 to 2026.
U.S. is anticipated to hold 35.5% of the global Industrial Hearables Market share in 2022E respectively.

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