Hearables Predicted to Reach More Than 50% of the Wireless Headphones Market by 2024

A new report from Juniper Research says that the number of hearables in-use will grow to more than 970 million by 2024. This is an increase of 270% over the 260 million estimated for 2020. This updated report identifies vendors that are leveraging hearable technology to add value to premium audio products, such as Bose and Sennheiser, while technology companies are producing earbuds that incorporate sensor platforms and AI capabilities. Juniper predicts a convergence of the market towards Multimedia Hearables.

Klipsch announced that it will showcase a new lineup of true wireless and over-ear headphones with active noise cancelling (ANC) technology at the Consumer Electronics Show (CES) 2020. All five highly anticipated Klipsch headphones deliver quality sound, seamless connectivity and advanced functionality for people on the go. At CES 2020, Klipsch will also debut a new headphone series created in association with automotive sports brand McLaren Racing.

Promoted every year by the market research firm Futuresource Consulting, Audio Collaborative 2019 full-day conference on November 7 was invaluable, with Futuresource's leading market analysts and researchers sharing some of the latest stats and trends on the topics in the agenda, combined with great panels and in-between keynotes. This is the fourth - and last - of my reports, originally published in The Audio Voice newsletter.

Bragi, the company which can rightfully claim to be the creators of the world’s first Hearable, is unveiling the next-generation of its technology suite and is to introduce it at MWC 2019. As previously announced, Bragi is now developing ultra-efficient artificial intelligence and edge computing technologies for ultra-low power devices that intends to make available to other manufacturers. At MWC 2019, the German company will disclose details of the new platform as a reference design for professional Hearables.

Artificial intelligence (AI) and fast connectivity – critical ingredients for the next era of category leaders such as smartphones, smart home devices and smart speakers – will drive the U.S. consumer technology industry to a record-breaking $398 billion in retail revenues ($301 billion wholesale) in 2019 and 3.9 percent year-over-year (YOY) growth, which includes streaming services revenue, according to the Consumer Technology Association (CTA). A record growth anticipating the introduction of 5G smartphones and 8K TVs in 2019.