ID: MRFR/ICT/6673-CR | 66 Pages | Published By Ankit Gupta on July 2019
The Sound Masking System Market Revenue will be USD 310.35 Million by 2030. This global market is expected to expand with a CAGR of 5.28%
Sound Masking System Market Overview:According to the researches, Sound Masking System Market Revenue will be USD 310.35 Million by 2030. This global market is expected to expand with a CAGR of 5.28 percent. For increasing demand, India is expected to grow with the highest CAGR of 7.4 percent. Companies like Alfa Eco Care Projects Pvt. Ltd or Tarte Engineers Pvt. Ltd is also responsible for this immense Sound Masking System Market Growth in the country in the forecast period.
Sound masking devices are used in the offices to lower the human noise level and create a soft and quiet environment for the employees. In an office, the noise level is generally low. Therefore, the chances of hearing conversations are easy. This seems problematic. The sound masking system makes the noisy distractions and undesirable conversations or sounds less audible. The sound masking system emits a background sound that is inconspicuous and soft using a loudspeaker system. This becomes uniform and keeps people away from the unintentional hearing of conversations. Keeping the privacy of conversation in mind, designers need to take care of many aspects while designing a sound masking system. They take care of elements to absorb, block and add a sound that only creates a beautiful acoustic environment. In earlier days, people used carpets, cubicles, ceiling fans, or blocking walls to absorb the noise. But these are quite costly as options. The sound masking system is economical because it not only blocks the noise but provides a soothing sound that only feels like a gentle airflow.
This report of Sound Masking System Market Analysis consists of market dynamics, market overview, and segmented view. Also, from this report, you can find the drivers, key players opportunities, restraints, and the expected market growth of the sound masking system. In short, the report will give a 360% overview of the market for sound masking systems.
Sound Masking System Market Covid-19 impact Analysis:The covid-19 pandemic started in china and spread all over the world at a rapid speed. The worst affected countries like the US, Brazil, India, UK, Turkey, Russian, Spain, Italy are some of the worst affected ones that witnessed a large number of deaths. Various country's economy and industries have been majorly affected. The lockdowns, shutdowns, travel bans are affecting almost all businesses. The pandemic also hugely impacted the manufacturing of products and delivering them. Therefore, many companies have already confirmed delays in product delivery across the world. In addition to this, many countries are getting affected by global travel bans. The global bans are also affecting the business partnerships and collaborations between European, North American, and Asia-Pacific countries.
Value Chain Analysis:Based on type, the sound masking system market is divided into two segments- networked and non-networked. In 2018, the network segment was behind the biggest market share. However, it is anticipated that the non-networked segment will register with a higher CAGR of 5.4 percent in the Sound Masking System Market Forecast period. Based on end-user applications, the market is segmented into offices, healthcare, hotels, education, and others. In 2018, the healthcare segment was responsible for the major market share with 36.1 percent. Healthcare and hospital segment is expected to grow with a greater CAGR during the forecast period.
Market Dynamics:Based on type, the sound masking system market is divided into two segments- networked and non-networked. In 2018, the network segment was behind the biggest market share. However, it is anticipated that the non-networked segment will register with a higher CAGR of 5.4 percent in the Sound Masking System Market Forecast period.
Drivers:The increasing demand for smart buildings and spaces for offices, less intrusive and quieter, and ambiance and speech privacy are the main drivers behind the market growth. This system protects private conversations, which is necessary for an organisation's confidentiality. It also provides a soothing acoustic work environment.
Restrains:The biggest restrain of the market is the installing job is very much tedious and costly. Also, you need experts in the direction with the proper knowledge to installing the system.
Opportunity:The global Sound Masking System Market Size is anticipated to grow during the forecast period. The key players are providing new statistics and trends which will create new Sound Masking System Market Opportunities.
Cumulative Market Overview:The global market is segmented into regional divisions. Among all the regions, the market in Europe held the dominant share in 2018. The European market is mainly driven by Germany, UK, France, Spain, and others. Further, among these nations, Germany held the dominant share of the market by 15% in 2018. The maximum growth of the region is backed up by the hotel industries and the increasing revenues of the rooms and the hotel-organized exhibition. Europe is anticipated to grow by 1.50% of the speed in the assessment period. This is assumed that the growth will have a positive impact in the long run on the Sound Masking System Market Demand.
Sound Masking System Market Segment Overview:The sound masking system market is segmented into- type, technology type, machine type, end-users, and a number of axes.
By Type:Based on the type of the masking, the market is further segmented into-
By Quiet Technology:Based on the quiet technology, the market is divided into the sub-segments-
By end-user Applications:Based on the end-user applications, the sound masking system market is divided into
Sound Masking System Market Regional Analysis:Region-wise, Sound Masking System Market Outlook is divided into many regions, such as North America, Canada, U.S, Germany, Europe, Italy, Russia, Asia-Pacific, Japan, China, South Korea, India, Taiwan, Australia, Malaysia, Thailand, Indonesia, Philippines, Argentina, Brazil, Mexico, Middle East and Africa, Turkey, Saudi Arabia And U.A.E. among all the regions in the market, Asia-pacific holding the highest place of manufacturing and consuming because of the increasing demand in India, China, and Japan.
After pacific Asia, north Europe holds the second regional place and Europe holds third place. All of them are indulging in incorporating new technology in the devices. Therefore, all regional markets are working on the new technologies. In addition to this, Latin America and MEA hold a decent Sound Masking System Market Share as well.
Recent Developments:In August 2019, Soft dB launched one of their sound masking speakers in the market- the SMS-SURF4. The device complies with regulations of the CCEA (City of Chicago Environmental Air).
|Market Size||USD 310.35 Million (2030)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Type, by Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cambridge Sound Management (US), K.R. Moeller Associates Ltd (Canada), Soundmask Global Pty Ltd (Australia), Speech Privacy Systems (US), AtlasIED (US), AET (UK), SoftDB (Canada), Lencore (US), Jade Communications Inc.(US), Pro Circuit Inc. (US), and Dukane AV Inc. (US).|
|Key Market Opportunities||The increasing need for smart spaces and buildings in the work environment, advancements in building systems such as quieter HVAC systems, need for high-quality ceiling tiles and enhanced design techniques for lowering the ambient background sound, and need for additional speech privacy are some of the factors that are driving the growth of the market.|
|Key Market Drivers||The rapid growth of small and medium enterprises (SMEs) and the banking sector is also another factor responsible for the growth of the sound masking system market in the country.|
The Global Sound Masking System Market is expected to reach 171.38 Million by 2025, registering a CAGR of 4.8% during the 2020–2030 period.
Growing at a CAGR of 5.28%, the market will exhibit steady growth in the forecast period (2020-2030)
The key players of the global sound masking system market are Cambridge Sound Management (US), K.R. Moeller Associates Ltd (Canada), Soundmask Global Pty Ltd (Australia), Speech Privacy Systems (US), AtlasIED (US), Jade Communications Inc.(US), Pro Circuit Inc. (US), and Dukane AV Inc. (US).
The market in India is expected to register the highest CAGR of 7.4% during the forecast period due to the increasing demand for sound masking system in commercial offices to reduce noise distractions and provide speech privacy.
The networked sound masking can be installed in areas including office environments, healthcare facilities, education institutes, and hotels buildings. This one of the major factors responsible for the growth of the sound masking system market during the forecast period.