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Hearables Market to Reach $146 Billion by 2030

Hearables Market to Reach $146 Billion by 2030
While the Covid-19 pandemic caused delays to the production and shipments of hearables technology in early 2020, consumer demand has remained strong. This has largely been driven by increased digital media consumption, the widespread shift to home-working, and the popularity of virtual fitness coaching. As manufacturers continue to enhance hearables over the next 3 years, with more artificial intelligence (AI) and audio and sensor technologies, the market is projected to grow at a compound annual growth rate of 17% from $26bn in 2019 to $146bn by 2030, according to industry analysts, GlobalData. According to a new report from GlobalData, while...

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