One of the fastest-growing verticals in consumer electronics is the hearables market. These on-ear devices, ranging from wireless earbuds to hearing aids, are more than just a tool for listening – they offer a brand new way for us to engage with our technology and the wider world around us.
The hearables market is expected to reach $93.9 billion by 2026, growing at a CAGR of 17.2% from 2019 to 2026. Other data shows that consumers are interested in a specific functionality within these devices. According to a 2019 Qualcomm survey, 55% of survey respondents rated themselves as interested in context-aware hearables. They named background noise reduction and dynamic volume adjustment as the most useful capabilities.
Hearables continue to gain interest from users expecting next-generation features. (Source: CEVA)
It’s clear that end-users are interested in these features for next-gen hearables for a better, more immersive listening experience –