The global wearables market grew by 35.1% year-on-year in the third quarter to reach 125 million units, the technology analyst firm IDC says, adding that the surge was "driven by seasonality, new product launches, and the global pandemic".
India's true wireless stereo hearables market took off in the third quarter, with growth of 723% year-on-year, the technology analyst firm Counterpoint Research says, adding that this was one of the few segments that managed to defy the economic slowdown in the country.
Smart hearing solutions provider Nuheara has secured a $2 million (US$1.48 million) agreement for a phase two extension of a collaboration agreement with Hewlett Packard for works associated with the development and engineering of an ear bud variant specific to HP’s confidential use case.
If you thought your clothing was safe from technology, connected clothes are on the way to a US$1 billion industry in 2020, with "smartwatches and fitness tracker sales to slow over next two years, representing 31% and 6% CAGRs".
The Consumer Technology Association's annual report now includes streaming services, projected to contribute US$19.5 billion in revenue, with the full video of the presentation to the media available below.
With the market to grow by over 500% over five years as "wired audio" declines, the rise of ear-based wearables or "hearables", already well evident in 2017, will really turn up the volume.
Growth in "smart audio hardware" should more than triple, "rising from US$1.4 billion this year to over US$5.5 billion by 2020", and it's set to be the next audio battleground.
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