Smart Earbuds Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026

1. Smart Earbuds Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026 A smart earbud is an in-ear electronic device designed for multiple purposes such as communication using wireless mode, music listening, fitness tracking, and health tracking among others. These are lightweight and have a longer battery life for the efficient and longer use. It also provides a significant sound quality, as it nullifies the background noise with the help of noise cancellation feature. Furthermore, with the help of smart earbuds, a person can make calls without using their hands. By using smart earbuds people can hear the sound of their surroundings while driving or riding a bicycle for the safety purpose. It can get connected to the smart phone with the help of a Bluetooth technology for the hands-free music listening experience. It allows answering a phone call or listening to a music with a simple tap on an earbud. Fitness and health monitoring capabilities of the smart earbuds, inclination of consumers towards improving the listening experience, and technological development in the field of smart earbuds with the help of large amount of investment by the well-established players around the globe is expected to drive the smart earbuds market. Large number of technological advancement in the field of smart earbuds helps the user in monitoring their heart rate, also help in the measurement of the distance covered or help in the calculation of the calories burned while doing any exercise. Large number of significant players are launching or planning to launch their smart earbud with highly advanced features to acquire large number of consumers. For instance, in January 2018, Nuheara Limited, a player in the space of intelligent hearing announced their novel range of smart earbuds to augment the consumer listening experience at CES 2018 event in the U.S. Additionally, in August 2018, Sennheiser, a company that offers headsets, headphones, and many consumer electronics products around the globe has announced their wireless smart earbuds named “Momentum True Wireless” at an event called IFA 2018 in Berlin. The novel earbuds comes with the Siri and Google assistant voice assistant systems A smart earbuds market can be segmented on the basis of smart earbud type, voice assistant system, and region. By type, a smart earbuds market can be segmented as wireless and wired smart earbud. On the basis of voice assistant system, the smart earbuds market can be bifurcated into Apple Siri, Google Assistant, and others.

2. Geographically, a smart earbuds market is segmented into North America, Europe, Middle East & Africa, Asia-pacific and South America. North America & Europe are expected to lead the smart earbuds market due to development in the high end technology related to the smart earbuds and presence of large number of players offering smart earbuds and related products. The growth in these regions are driven by the significant economies such as the U.S., and Germany. However, Asia Pacific region is projected to grow at a higher rate with respect to the smart earbud market, as the demand for the fitness tracking hearable in rising at a faster pace by the large number of consumers across the region. The growth for the Asia Pacific region is driven by the prominent economies from the region namely China, Japan, Australia, and India among others. Global smart earbuds market is projected to grow at CAGR of more than 18% during the forecasting period and reach at approximately US$ 12,000 Mn by 2026. Some of the Key players in a smart earbuds market are Motorola Mobility LLC, Sony Mobile Communications In., Wearhaus Audio Technologies, Mymanu Limited, Jabra, SAMSUNG, LifeBEAM Inc., LG Electronics, Nuheara, Doppler Labs Inc., Bose Corporation, Meizu Telecom Equipment Co., Ltd., and Bragi among others