Sound Masking System Market Size, Research Product development Demographic Growth Business Trends, COVID – 19 Outbreak, Key Vendors Analysis, Import & Export, Revenue
Sound Masking System
Market Size Overview:
The Global Sound Masking System Market Size
is expected to reach 171.38 Million by 2025, registering a CAGR of 4.8% during
the forecast period (2019–2025). In this report, Market Research Future (MRFR)
includes market segmentation and market dynamics to offer a better glimpse of
the market in the coming years.
Office workers need
speech privacy in corporate complexes. To ensure this, several enterprises
around the world are deploying sound masking systems in their office buildings.
Sound masking system is an electronic acoustical product that enables speech
privacy of employees working in both closed and open office environments.
Furthermore, sound masking reduces noise disturbance caused by office machinery
and other unwanted sounds, enabling employees to concentrate better and enhance
their productivity.
A sound masking system
comprises masking noise generator, amplifiers, an equalizer, and loudspeakers
placed above the ceiling tile. An artificial sound referred to as pink or white
noise, produced through the loudspeakers by using auditory masking, is added to
an office environment to reduce unwanted sound. In November 2017, Cambridge
Sound Management, Inc., a provider of sound masking technology partnered with
Lutron Electronics, the leader in energy-saving, wireless lighting and shade
control, to provide sound masking systems in various sites such as conference
rooms, huddle rooms, lobbies, and medical offices. This helps the company that
helps in speech protection in private and public spaces. Thus, the need for
speech privacy in office buildings is expected to fuel the growth of the global
sound masking system market during the forecast period.
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Competitive
Analysis:
The prominent players
operating in the 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), AET (UK), SoftDB
(Canada), Lencore (US), Jade Communications Inc.(US), Pro Circuit Inc. (US),
and Dukane AV Inc. (US).
Segmental
Analysis:
The Global Sound Masking
System Market has been segmented into type and application.
Based on type, the sound
masking system has been categorized as networked and non-networked. The
networked segment accounted for the larger market share in 2018 and is expected
to register a CAGR of 4.6% during the forecast period. 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 networked system market during the
forecast period.
By application, the sound
masking system market has been segmented into hospitals & healthcare,
hotels, offices, education, and others. The offices segment accounted for the
largest market share of 36.1% in 2018, and it is expected to register a CAGR of
5.0% during the forecast period. This is due to the increasing need for speech
privacy in an office environment, especially from the nearby surroundings.
Furthermore, sound masking systems help to provide a comfortable working
environment for the employees by making human speech less intelligible. These
are some of the factors responsible for the larger market share of the office
segment in the sound masking system market. Whereas the hospitals and
healthcare segment was the second-largest market in 2018, valued at USD 27.07
million; it is projected to register the highest CAGR during the assessment
period.
Regional
Analysis:
Regionally, the sound
masking system market is divided into the US, Europe, China, Japan, India,
South-East Asia, Central and South
America, and the rest of the world.
The US was the
second-largest market in 2018, valued at USD 20.82 million; it is projected to
exhibit a CAGR of 6.2%. The growth is attributed to the rising adoption of
sound masking system by SMEs and rapid technological advancements in this
country. Furthermore, the increasing need for sound masking systems in the
healthcare, BSFI, and education sectors is also the driving factor for the
growth of the sound masking systems market in the country. Also, due to the
presence of leading players such as Biamp Systems, Encore, Speech Privacy
Systems, AtlasIED, and Jade Communications are based in the US and investing
heavily in R&D to remain competitive in the market.
Currently, China presents
a large number of opportunities in the sound masking system market. Companies
based in China are investing heavily to capture the market. TACT, Hero
Electronics Co., Limited, and Nanjing Superstar Medical Equipment Co., Ltd are
some of the leading players operating in the global sound masking market.
Chinese businesses are significantly investing in the sound masking technology
for increasing their efficiency and productivity in businesses that eventually
helps in keeping up the pace with the changing technology trends. Furthermore,
Chinese government initiatives to strengthen the network of its domestic sound
masking system providers is also one of the factors significantly driving the
growth of the market.
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Table
of Content
1
Executive Summary
2
Market Introduction
2.1 Definition 12
2.2 Scope of The Study 12
2.3 Market Structure 12
3
Research Methodology
3.1 Research Process 13
3.2 Primary Research 14
3.3 Secondary Research 15
3.4 Market Size
Estimation 15
3.5 Forecast Model 16
3.6 List of Assumptions
17
Continued….
List
of Tables
Table 1 List of
Assumptions 17
Table 2 Global Sound
Masking System Market, By Type, 2020–2027 (Usd Million) 26
Table 3 Global Sound
Masking System Market, By Application, 2020–2027 (Usd Million) 29
Table 4 Global Sound
Masking System Market, By Region, 2020–2027 (Usd Million) 31
Table 5 Us: Sound Masking
System Market, By Type, 2020–2027 (Usd Million) 32
Continued….
List
of Figures
Figure 1 Market Synopsis
11
Figure 2 Global Sound
Masking System Market: Market Structure 12
Figure 3 Research Process
Of Mrfr 13
Figure 4 Top Down &
Bottom Up Approach 16
Figure 5 Dro Analysis Of
Global Sound Masking System Market 18
Continued…..
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