According to the estimations determined by Inkwood Research, the global market for industrial hearables will record growth, registering a CAGR of 34.20% during the forecast period. The global market will record a revenue of $3635.58 million by 2027. The base year for the market study is 2018, and the forecasted period is between 2019 & 2027.

The global industrial hearables market is driven by:

• High demand for wireless headphones
• Growing adoption of hearable computing

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The growing preference for wireless technology is fueling the market growth in the forecast period. In addition, emerging features like GPS headsets fixed in hearables offer the capability to track association on a bigger scale. The usage of enhanced features in wireless headphones provides a competitive edge over wired headphones, and provide lucrative opportunities for the expansion of the market globally. Moreover, the adoption of hearable computing is also bolstering the market growth in the forecast period 2019-2027.

Over-ear is the fastest-growing as well the  leading segment in terms of revenue in the global industrial hearables market with around 83.60% share in 2018. Over-ear headphones are the most comfortable to wear. These hearables are well-padded and provide better isolation than their counterparts. Moreover, over-ear headphones also have open back styles, which avoids building up sweat or corrosion. Also, the over-ear headphones are more durable, owing to the use of  actual leather, and hance, long-lasting. The wires and connectors are also reinforced with material to prevent malfunction.

On the other hand, the lack of proper management is restraining the market growth.  A power management system includes an IC that utilizes a battery charger and a convertor. The increased usage of these devices in industries, such as manufacturing, construction, mining, and others, requires a constant operation, which affects the battery life of hearable devices. The improvements in battery condition will ensure optimum use of wireless hearable devices, thereby augmenting the growth of the  market.

Report scope of the global industrial hearables market covers segmentation analysis of type, technology, application, and end user.

Market by Type:

• In-Ear
• Over-Ear

Market by Technology: 

• DECT
• Bluetooth
• Wi-Fi
• Others

Market by Application:

• Industrial Wireless Audio/Voice Application
• Industrial Noise Cancellation Applications

Market by End User:

• Construction
• Mining
• Manufacturing
• Others

On the basis of geography, the global industrial hearables market has been segmented into four major regions:

• North America: the United States & Canada
• Europe: United Kingdom, France, Germany, Italy , Spain, and the Rest of Europe
• Asia Pacific: India, China, Japan, South Korea , Australia, and the Rest of Asia Pacific
• Rest of World: Latin America, the Middle East, and Africa

Geographically, Asia Pacific is the largest, as well as the fastest market with a share of 42.72% in 2018. This is attributed to technological advancements in manufacturing industries & enterprises and a rise in automotive standards in developing countries, such as India, China, and South Korea. The rise in industrialization in countries such as India, China, Indonesia, and others, and the increase in urbanization boost the growth of the Asia-Pacific industrial wireless hearables market. In South Korea , smart factories are slated to include 500 clean energy-based ones for a higher level of energy efficiency and 50 cloud-type smart factories that are capable of connecting regions and various sectors of the manufacturing industry.

The global industrial hearables market is segmented into type, technology, application, and end user. Type is segmented into In-ear and Over-Ear. Technology is segmented into DECT, Bluetooth, Wi-Fi, and others. Application is segmented into industrial wireless audio/voice applications and industrial noise cancellation applications. The end-user is segmented into construction, mining manufacturing, and others.

The key players involved in global industrial hearables market are:

• Eartex Ltd.
• Firecom
• Fujikon
• Protech Technologies Inc.
• And many others.

 In November 2018, Eartex Ltd, launched EAVE WORK MKI, which helps employers to increase output, and avert noise-induced hearing loss. This product gathers data on onsite noise levels while protecting the consumer from excessive noise.

Key findings of the global industrial hearables market:

• The Asia Pacific region leads the global industrial hearables market by capturing the largest market share of around 36.68% in 2018.

• The Asia Pacific industrial hearables market is anticipated to grow at the highest CAGR of XX% during the forecast period of 2019-2027.
• The continued rise of wireless technology is augmenting the growth of the industrial hearables market for the forecast period.
• The over-ear segment accounts for the largest share in the big data market, and is projected to grow with a CAGR of 34.69% during the forecasted period.