One of the interesting new application categories for Internet of Things (IoT) technology is the augmentation of existing consumer electronic devices. While most of the market coverage to date has been focused on wrist-based wearables, one of the less prominent areas has been the development of ear-based wearables -- also know as hearables. A new worldwide market study by Juniper Research has found that revenue from the overall category of 'smart audio' hardware will more than triple over the next four years, rising from an estimated $1.4 billion this year to over $5.5 billion by 2020. While Juniper expects part of this to be driven by ear-based wearables like the Bragi Dash and HERE Active Listening, the category will be most successful in the smart home space, with Amazon Echo, Google Home and other unit-based smart audio devices vying for popularity as the next platform for smart devices. Smart Audio Market Development The resulting research report found that the lik...
TMT Market Research and Analysis