Right to Repair Laws Could Dampen Growth in Hearables: Juniper
Hearables shipments will grow 30% over the next two years to 200 million units, reported Juniper Research Tuesday. It highlighted Nuheara’s IQbuds and Bose’s SoundControl Hearing Aid as key growth drivers for the category. Proactive management of hearing loss and…
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other medical conditions will comprise 18% of hearables shipments in 2024 vs. 12% last year, Juniper said, but increasing implementation of “right to repair” legislation could limit growth in the category. Juniper said vendors should expand their reach, leveraging the growing capabilities of digital voice assistants to address emerging hearables use cases such as industrial monitoring and productivity enhancement to expand revenue streams and capture early market share. The U.S. and Germany will generate half of global hardware revenue from emerging hearables use cases by 2024, it forecast, citing those countries’ high levels of industrial digitization, widespread connectivity and “ubiquitous consumer devices.”