The global hearables industry is estimated to reach $92 billion by 2026, according to a new forecast by Allied Market Research.
That would be an increase from $21 billion in 2018 with annual growth projected at 17% until 2026.
The market growth is attributed to the rising demand for wireless headphones and infotainment devices, emerging hearable computing and technological advancements in voice user interface and the emergence of miniaturized wearable devices for health monitoring.
Headsets accounted for more than two-thirds of the hearables market in 2018 and are expected to retain dominance until 2026.
The earbuds segment is projected to be the fastest growing, with annual growth of 30% until 2026 projected.
North America accounted for nearly one-third of the global hearables market revenue.