Hearables’ Shipments to Exceed 200 Million Globally by 2024, Juniper Research Predicts

A new study by Juniper Research has found that hearables’ shipments will exceed 200 million units by 2024, up from 165 million in 2022; representing total growth of 30% over the next two years. The market research firm sees assistive and healthcare-focused hearables segments — typified by Nuheara’s IQbuds and Bose’s SoundControl Hearing Aids — are key to this growth; comprising 18% of hearables shipments by 2024, compared to 12% in 2021.

A new report from Juniper Research has found that consumers will interact with voice assistants on over 8.4 billion devices by 2024; overtaking the world’s population and growing 113% compared to the 4.2 billion voice control devices expected to be in use by year end 2020. The value chain for voice assistants and interfaces is rapidly expanding to include more and more players, and device OEMs (from smartphones, speakers and wearables to cars and fridges), system integrators, apps developers and cloud providers are all escalating efforts to provide personalized voice solutions.

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.

A new study from Juniper Research has found that there will be 8 billion digital voice assistants in use by 2023, up from an estimated 2.5 billion at the end of 2018. The new research on "Digital Voice Assistants: Platforms, Revenues & Opportunities 2019-2023," shows growth will be driven by smart home devices and that Smart TVs will have the biggest expansion, growing at over 100% every year for the next 5 years. Juniper also identifies strong growth in wearables and emerging opportunities for both B2B (Business to Business) and B2C (Business to Consumer) uses.

Predicting that over 50% of all wireless headphones will incorporate Hearable Voice assistants, touch sensors and other interface technologies, a new report by Juniper Research forecasts that hearables will become the new standard for personal audio in under 5 years. The new report from Juniper has found that there will be an estimated 417 million hearables in use by 2022. This includes fitness-focused devices, hearing augmentation and purely audio-focused devices.

A new report by Juniper Research predicts that revenues from smart audio devices like the Amazon Echo and Sonos One will grow from an estimated $2.5 billion in 2017 to over $10 billion by 2022, as more audio brands integrate voice assistants into their devices. With competition heating up in the smart speaker space, the new research, "Smart Audio Devices: Strategies & Forecasts 2017-2022", looks at Amazon’s main challengers.