In the five and a half years since I coined the term
“Hearables” the market has grown at an amazing rate. At the time I estimated that the market for
the things we put in our ears might grow to $7.6 billion in 2018. I think it just nudged over that to reach $7.8
billion. What I hadn’t anticipated was
the success of Apple’s Airpods, which are driving adoption even faster, more or
less doubling their sales volume every year.
With the recent launch of Amazon’s Echo Buds, which could attract a new
audience with the promise of a life which is “Always Alexa”, as well as the
availability of a growing number of Bluetooth enabled hearing aids, the market
looks as if it could reach $22 billion in 2020.
Hearables had a slow start.
Although Apple probably started its Airpod design project as far back as
2013, the first thing that the public saw was Bragi’s Kickstarter campaign for
their Dash earbuds. In March 2014, the
Dash became famous as the most heavily funded Kickstarter project, raising $3.4
million. Another crowdfunded startup –
Earin, beat them to market by a few months, but Bragi eventually got the Dash
out in February 2016. In that first year
of hearables, (or the first fifty-one weeks, as Apple finally started shipping
Airpods in the last week of the year), global shipments from all manufacturers were
probably not much more than 100,000 units, most of which were the early MFI
compliant Bluetooth hearing aids. In
that last week of 2016, Apple probably sold more Airpods than the rest of the
industry had shipped through the course of the year. Four years on from that humble start, 2019
will probably see 75 million sets of hearables shipped. That makes hearables the fastest growing tech
product ever.
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