Hearables to Represent Over 50% of All Wireless Headphones in Use by 2022
December 13, 2018 | Juniper ResearchEstimated reading time: 1 minute
The new report, Future Hearables: Strategies, Opportunities & Forecasts 2018-2023, found that more than 271 million audio-focused multimedia hearables from the likes of Apple, Bose, Google, Samsung and Sennheiser will be in use by 2022, compared to an estimated 62 million in 2018. These will represent over 50% of all wireless headphones in use by 2022; reaching as high as 80% in the US. Apple’s AirPods have emerged as a clear leader, with Juniper estimating around 24 million AirPods to be shipped in 2018.
In-Ear Voice Assistants Proliferate
The research predicted that as mid-range and budget manufacturers leverage voice assistants to enhance their devices, over 75% of hearables in use will incorporate voice assistants by 2022.
Research author James Moar added: “In some cases, voice assistants will be the only ‘hearable’ feature of these devices. Premium players need to provide other features to distinguish themselves, like advanced audio adjustments or innovative interfaces.”
The fitness segment has strong differentiation here, with custom assistants providing in-the-moment workout feedback, but these are only expected to make up 10% of hearables in use in 2022, thanks to their niche use case.
Medical Hearables to Dominate Revenues
Assistive hearables will win on revenues; generating over $40 billion annually by 2022, as hearing aids integrate mobile technologies and maintain medical industry prices.
Consumer assistive hearables are less expensive, which is proving appealing to healthcare institutions. Nuheara is one of the most successful companies here; distributing IQbuds BOOST through the NHS from 2019. However, Juniper expects existing hearing aid players to maintain control of most medical distribution channels for the foreseeable future.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
Suggested Items
SCHWEIZER Announces Preliminary Group Figures for 2023 Financial Year
03/27/2024 | Schweizer Electronic AGThe preliminary and unaudited results of the SCHWEIZER Group confirm the major and successfully completed turnaround in 2023. Sales rose to a record of EUR 139.4 million, exceeding expectations with an increase of 6.4 percent.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Nortech Systems Reports Q4, FY 2023 Results; Full Year Net Sales Up Nearly 4% from Prior Year;
03/21/2024 | BUSINESS WIRENortech Systems Incorporated, a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported 2023 fourth quarter and full year results for the period ended December 31, 2023.
National Security Contracts Secured by SAIC Top $284 Million in Early 2024
03/18/2024 | SAICScience Applications International Corp. announced it received $284 million in awards from the United States intelligence community in January and February of 2024.
Jabil Posts Second Quarter Results
03/18/2024 | Jabil“Despite revenue headwinds this year, which are expected to be short-term, I’m pleased with the resiliency of our model and our team’s demonstrated ability to execute,” said CEO Kenny Wilson. “Even under these conditions, we expect to deliver strong core operating margins and free cash flow in FY24,” he added.