Author: Simon Forrest Saranraj Mathivanan
Date Published:
This global hearables market report provides an updated outlook for developments in the hearable devices market. It also quantifies the hearables market size, as well as the global hearing aid market size. The report explores the landscape for consumer hearables, hearing aids and PSAPs, drawing together research from across Futuresource Consulting’s report range and diving deeper into the future potential of these devices.
The report also covers the impact that the FDA's new regulation will have on the OTC hearing aid market.
The report acts as a strategic framework for any enterprise launching hearable tech or operating within the hearables and hearing aid markets, and any adjacent sectors.
The report explores hearing health, the convergence of hearables and hearing aids, as well as the market impact of OTC hearing aids. With increased noise exposure and pollution, it is more crucial than ever for the hearing business to spread awareness about hearing loss. The growing popularity of hearables is projected to benefit the hearing aid industry in the long run, as more people opt for hearing aids.
The global hearables market grew by 13% in volume terms in 2022 to 340m units, with total market value reaching $39Bn. Unit shipments are forecast to grow by double-digits in 2023. Despite saturation in the developed markets, the growth is fueled by the demand in developing markets like APAC, META and LATAM. The hearing aids market is expected to grow 8% yoy to reach 27 million units in 2023.
This report explores the landscape of Consumer Hearables, Hearing aids, OTC hearing aids and PSAPs, drawing together research from across Futuresource's different reports and diving deeper into the future potential of such devices. Research for this Hearables report was conducted throughout H2 2023.
| 47-page comprehensive PDF report
| Executive summary
| Market overview
| Advancements in Bluetooth
| Virtual assistant development
| Sensor technologies
| Hearables brand share and landscape
| Gaming hearables
| Office hearables
| Hearable key feature development
| Hearing health and the OTC regulatory environment
| Hearing correction brand landscape
| Hearing aid manufacturers market share
| Hearing aids and PSAPs form factors and features
| Market sizing, by quantifying and tracking worldwide sales of hearables and hearing aids.
| Market forecasting, with five-year sales forecasts.
| Product, technology and competitive reviews, interpreting key market developments and trends.
Futuresource has been tracking, researching and consulting on the CE landscape for the more than 30 years. This publication is one in a series of research reports, produced to provide businesses with a fully rounded view of the market.
Any business with interests in hearables and hearing aids will benefit from this report, particularly:
| Manufacturers and their suppliers
| Intermediaries and supply chain
| Retailers
| CE market strategists, marketing and sales professionals
| Investors
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