Summary:
A New Study Title “Sound Masking System Market Size, Status And Forecast 2027” Has Been Featured On Market Research Future.
The global sound masking systems market size is predicted to touch USD 171.38 million by 2025, as per the latest report by Market Research Future (MRFR). It can exhibit a strong CAGR over the forecast period (2020-2027). Sound masking systems are devices capable of maintaining privacy within offices and blocking unwanted sounds to ensure productivity. The report by MRFR focuses on trends and opportunities of the industry coupled with implications of the COVID-19 pandemic.
Market Scope
The global sound masking systems market is driven by development of smart buildings and offices. Huge demand for better sound quality while working from the confines of homes can drive market demand. This is evident due to huddles and meetings taking place in conference halls. Networked masking systems are expected to gain prevalence due to technological advances and importance of occupational acoustics.
Utilization of noise cancelling technology in rooms to create a conducive working environment and headphones to block distracting noises can spur the demand for sound masking systems. According to a study by the University of California, Irvine, productivity can be negatively impacted by 40% due to noises and distractions. Public buildings are also employing the technology to recreate the same experience. Recently, the Orillia Public Library situated in Canada received funding from the city commission for installation of these systems.
But high installation costs and lack of awareness in small and medium enterprises can hamper market growth.
COVID-19 Impact
The COVID-19 pandemic will have negligible effect on the sound masking system market as offices functioning during the pandemic will require sound masking systems. Huge demand for employee comfort, speech privacy, and low noise distractions can drive its demand. The reduced comfort experienced by employees due to irregular office hours can drive the market growth significantly.
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Segmentation
Based on type, the sound masking system has been segmented into networked and non-networked. The non-networked segment is expected to register the higher CAGR of 5.4% during the forecast period owing to being self-contained systems that can be preset. Installation of quiet HVAC systems and quality ceilings for blocking unwanted ambient noise can bode well for the segment.
Based on application, the sound masking system 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. This is attributed to dire need for privacy in office cubicles and meeting rooms required by employees to ensure productivity.
Regional Analysis
Europe is anticipated to lead the sound masking systems market due to presence of various prominent players and expansion of the small and medium enterprises vertical. Inclusion of headsets in seating arrangements due to rise of online conferences and meetings can drive the regional market demand significantly.
Competitive Analysis
Speech Privacy Systems, Dukane AV Inc., Jade Communications Inc., Soundmask Global Pty Ltd, K.R. Moeller Associates Ltd, Lencore, SoftDB, AET, Cambridge Sound Management, Pro Circuit Inc., and AtlasIED are key players in the global sound masking systems market. Partnerships and acquisitions are prime strategies of players looking to gain the competitive edge.
Industry News
AtlasIED has decided to expand its solutions suite by adding new distributors to its forte and cater to customer demand in Italy, India, and the U.K.
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