Futuresource Consumer Hearables Market

Report Enquiry View Report

Author: Simon Forrest Saranraj Mathivanan Aishwarya Bhide

Consumer Electronics

Date Published: 24 Dec 2024

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 focuses on 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 important 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 hearing aids market is expected to grow 7% in 2024 to reach 29m from 27m units in 2023. While the PSAP market is expected to decline by 6%, from 4.8m units in 2023 to 4.6m in 2024.

Advancements in AI and machine learning are revolutionizing the hearing aids market by enabling sophisticated noise suppression and precise sound amplification. These technologies adapt dynamically to changing environments, enhancing user experience by delivering clearer, more natural sound. Such innovations make hearing aids more effective and appealing to a broader audience.
Additionally, hearing aids are incorporating advanced features like Bluetooth Low Energy (BLE) for seamless device integration and fall detection for enhanced safety, particularly benefiting elderly users. These innovations provide not only improved hearing but also health monitoring and emergency support, making hearing aids valuable multifunctional tools for aging populations.

| 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