From USD 213.27 million in 2018, the worldwide hearing headphones market is predicted to reach USD 376 million in 2026, rising at a compound yearly growth rate of 11% between 2020 and 2026.
Earphones have come a long way over the previous several years. With noise cancellation they can monitor the auditory surroundings 100 times/sec. Manufacturers are looking for methods to build significant synergies with the development of personal health monitoring devices. People may be able to take control of their hearing health as soon as possible because of the increased demand for hearing aids and technological developments.
The rise in the number of portable or smartphone devices, on-the-go access to video and audio material, and the fast development of the music business are contributing to the growth of the global In-Ear headphones market. Furthermore, the worldwide In-Ear headphones market is propelled by the increased demand for portable gadgets that provide excellent sound and a better audio experience. The introduction of genuine wireless earphones has caused a fundamental change in how people listen to music.
The global demand for active noise-canceling headphones is being driven by the rising adoption of smartphones and linked mobile phones. Vendors are introducing several intelligent features into their products, which have an impact on the worldwide sale of active noise-canceling headphones. In developing nations there is a need for entry-level intelligent goods met by local producers.
The overall number of worldwide mobile users will rise from 5.1 billion in 2018 to 5.7 billion by 2023, according to the CISCO Annual Internet Report, 2018–2023, and grow at a CAGR of 7%. Manufacturers have removed the headphone jack due to the growing tendency of making smartphones smaller and thinner. As a result, customers are increasingly adopting innovative headphones with distinctive characteristics, fuelling market growth throughout the projection period.
Type, application, and geography are the three segments that make up the hearing headphones market.
The market is divided into two categories: wired and wireless. Wireless earphones have become more popular after the headphone port was removed. Instead of streaming music and taking calls, technologically advanced wireless devices are focusing on providing a variety of real-time solutions. The segment's development is aided by the availability of high-quality sound transparency, ambient noise reduction, speech elevation, and enhanced hearing features.
Wireless in-ear headphones send audio signals using infrared or radio waves. Consumers at call centers, fitness facilities, and other places are using wireless headphones and earbuds. Bluetooth communication protocols are used by wireless earphones, to transfer audio to several devices at the same time. Bluetooth-enabled devices may communicate and share data over a short distance utilizing radio transmission. Fitness, sports, gaming, and virtual reality all employ wireless earbuds.
In terms of audio/sound quality, cost, and battery life wired earphones outperform wireless earbuds. The sound quality suffers due to the wireless in-ear headphone's use of Bluetooth technology to transmit the signal. The majority of wired in-ear headphones do not require a battery backup, which reduces the amount of noise produced by the battery power source. The 3.5mm audio jack on wired in-ear headphones is compatible with all the latest smartphones and audio devices. In various sectors such as aerospace, defense, media, and entertainment, wired in-ear headphones are casually utilized.
Hearing headphones make up a significant share of all types. Noise-induced hearing loss is the most common occupational problem in the United States (NIHL). Around 30 million employees are at risk of NIHL, and 22 million people in the U.S are already affected. Many people with hearing loss find it challenging to hear speech in noisy situations. Even with hearing aids, people have problems hearing in noisy situations, especially if a noise reduction option isn't available. These headphones are designed to decrease noise while also boosting the signal-to-noise ratio and comfort of listening.
The market is divided into four categories based on application: fitness/sports, gaming and virtual reality, media and entertainment. In 2019, the media and entertainment sector dominated the market. Due to the increasing use of in-ear headphones in the music and entertainment industries for casual music listening, audiophile use, and listening and generating sound effects. Due to the growing adoption of earphones for training purposes across the education, construction, business, and armed forces sectors, the virtual reality application segment is expected to grow significantly over the forecast period.
The regions investigated include North America, Europe, Asia-Pacific (APAC), Latin America, the Middle East, and Africa.
North America dominates the global market for hearing headphones. Hearing loss affects over 48 million Americans, according to the Hearing Loss Association of America. In the United States, two to three children out of every 1,000 are born with a detectable hearing loss. Furthermore, as the senior population grows, the prevalence of hearing loss increases, as they are more likely to develop hearing impairment diseases. As a consequence of all of this, the need for hearing aids has increased. In 2016, the National Institute of Deafness and Other Communication Disorders estimates that 3.65 million hearing aids were delivered in the U.S. (NIDCD).
Hearing loss is caused by increased exposure to high-frequency sound, and around 30 million Americans are consistently exposed to dangerous noise levels. Manufacturers have manufactured noise-canceling headphones, such as Bose's "headphone" and Nuheara's IQbuds. Because of the presence of leading manufacturers such as Bose, Nuheara, and Doppler Labs, their active involvement in producing conversation-enhancing equipment in the region, North America has become a favored location. In addition, Bose received FDA authorization for their gadget "Headphones" in 2018 after going through the FDA's De Novo premarket review process.
Hearing headphones account for the highest share of the global market in Europe. Hearing loss is increasingly frequent in the aged population, and the number of people with hearing loss is predicted to grow throughout Europe. Hearing loss has a significant influence on a person's social life. Governments are forced to take steps to lessen the likelihood of it occurring. According to the WHO by 2035, 1 out of 5 individuals will suffer hearing loss. The U.K's government has created a national action plan on hearing loss, which urges more investment to tackle the problem. Aside from that, growing noise pollution levels have increased the demand for digital noise reduction hearing aids. According to the WHO, over 40% of the population in EU countries is exposed to road traffic noise that is louder than the permitted level, putting them at risk of hearing loss.
Some of the players in the global hearing headphones business are
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