Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the global sound masking market. In addition, complete analysis of changes on the global sound masking market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Asia-Pacific is considered to be the most affected region from the covid pandemic, since the Asia-Pacific region is considered to be the most affected area from the covid pandemic, the region is known to be the epicentre of the Covid-19 virus, and almost every sector of this region has been affected by the covid pandemic which has hampered the growth of sound masking system in the region. Also, due to the covid pandemic, government in almost every part of the Asia-Pacific region, imposed lockdown which restricted the geographical boundaries and caused many of trade barriers and also negatively impacted the market share of the sound masking system. Also, during the lockdown, many of the manufacturers remained closed for a temporary period of time, also supply of raw materials got restricted, market faced labour shortage as well, which hampered the manufacturing of sound masking system. Moreover, during the covid pandemic, most of the offices remained closed in the region due to which the demand for the sound masking also decreased in the region. However, during this period, many of the new hospital were opened in the China and India, which is likely to increase the demand for hospitals in the market. Moreover, as the vaccination drive is increasing rapidly in the country, the market for sound masking system is likely to grow further.
The sound masking market is expected to witness tremendous growth during the forecast period 2022-2028. The major reason which is driving the market for the Asia-Pacific region, is the growing healthcare sector of Asia-Pacific region. In this region, China is considered to hold one of the largest pharmaceutical industries across the globe, and the country has huge number of hospitals and spending a good amount on the laboratories, also India has been developed as an important market for the healthcare industry owing to presence of skilled workforce and easy availability of the raw material in the country. Thus, established healthcare industry in the Asia-Pacific region is expected to drive the market for the
As the domestic income in the Asia-Pacific region is increasing, the demand for the smart building is increasing rapidly which is creating an opportunity for the sound masking market to grow further at a rapid pace. These are the building which are equipped with many of the amenities and the residents in these buildings are ready to spend money to enjoy the facilities, thus as the smart buildings are increasing in the country, it is expected that the market share of the sound masking system would also increase. Moreover, Asia-Pacific is considered to be the fastest growing economy, due to which commercialization is taking place rapidly in the Asia-pacific region, thus growing commercial buildings in the region is expected to create the demand for sound masking system.
Sound Masking System market is growing at a rapid pace in the Asia-Pacific region, but the key reason which is hampering the growth of sound masking system in this region is the, the system requires to be installed properly with the help of the technical assistance. These systems are complicated while installing, due to which it becomes costly for the small scale and early growing organizations to install this system which restrain the growth of the sound masking system in the Asia-Pacific region. However, with growing technical advancements, it is expected that as the new products are coming into the market, they would be easy to install.
The key challenge which sounds masking system market is facing in the Asia-Pacific region is, this system requires structural or acoustical modification in order to install this system for the better results. Along with that, this region is comprising of many of the small-scale organization, where sound masking system is difficult to install. Thus, in order to overcome this challenge, the market leaders need to put more emphasis on launching easy to install, and easily controllable products in the market.
The report provides in-depth analysis of Asia-Pacific sound masking market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various sound masking in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The sound masking market is bifurcated into type, application, category and geography.
The Sound Masking Market is studied for various types which include network and non-networked. In order to meet the specific needs of the premise, along with providing one point of control and great quality of sound, the end-users prefer network type of sound masking system. In network sound masking system, the end-users have the full access to the system, due to which they are highly popular in the market. Apart from that, non-network type of sound masking system has significant share in the market since this type sound masking is consisting of consisting of speakers, adaptive sensors, noise generators, wiring, amplifiers, etc., this type of sound masking system can be used in both large as well small premises. These sound masking systems re known to provide better speech quality.
The various categories analyzed in the global Sound Masking market are Frequency masking and Temporal masking. Frequency masking system are considered to hold important share in the market, since, this category of sound masking system helps in reducing distracting high-toned unwanted sound by low-toned frequency sound without impacting the ongoing conversation in the facility which make it popular among the end-users. On the other hand, market share of temporal masking is also increasing rapidly, since this type of sound masking is a time-domain phenomenon in which the duration of a sound and the length between sounds can cause unwanted sounds to be inaudible which makes it more desirable
The report analyses various applications of Sound Masking such as hospitals and healthcare, hotels, offices, banks and others. Based on the application, hospitals and healthcare is the major application of the sound masking system, since the Asia-Pacific region is likely to have a large number of healthcare facilities, which include hospitals, pharmaceutical companies, laboratories, etc. These systems are helpful in the hospitals to help the patients to get better sleep and keep the environment light and pleasant. Moreover, as the privacy concerns are raising in the workplaces, the demand for sound masking system is raising at the corporate offices as well.
On the basis of geography, Asia-Pacific region is consisting of the countries like Chia, India, Japan and Rest of the Asia-Pacific. In this region, China is considered to be the most important market for the sound masking systems, since this region is consisting of many of the commercial buildings and the hospitals, where the demand for the sound masking system is increasing rapidly. Moreover, India is considered to be the fastest growing economy in the Asia-Pacific region, also as the globalization is taking place rapidly in the country, the number of commercial buildings is growing at a rapid pace. Also, the country has one of the most significant healthcare systems in the Asia-Pacific region which is helping the sound masking system market to grow further in Asia-Pacific region.
The Sound Masking market is witnessing high competition owing to presence of many major players in the market. The key companies operating in the Sound Masking market are catering to the demand by collaborating, innovative, acquiring small players and investing in a technologically advanced product portfolio across the globe.
The key players studied in market are DUKANE, Cambridge sound management of QT, GSA sound Masking, Lencore, Communication service corporation, Logison, Pro acoustics, strategic connection and sound masking system,ARCAT, Soft DB, Vibra sonic, Hermanmiller and Pro circuit incorporated among others.
January 2022: Yamaha: Yamaha's research and expertise in audio systems for corporate environments, with extensive practical testing in Japan, Yamaha introduced the new VSP-2 Speech Privacy System. This ready to deploy system, supports productive and confidential conferences and meetings in the office with a compact, high-performance, and customizable solution that comfortably masks conversation and can be easily integrated into existing facilities.
June 2020: AtlasIED: AtlasIED which is global electronics manufacturer providing comprehensive audio, communications, and security solutions for commercial markets, announces the addition of Alphatec Audio Video Pvt. Ltd. as distributor for its broad range of commercial audio and mass communication product in India.
A sound masking system is a sound system consisting of speakers, hardware modules, adaptive sensors and amplifiers to which helps in covering or masking the unwanted noise in the any of the facility or the premises. Sound masking system produces a soft, and mild background sound which not only cover the unwanted sound but also help in certain other ways. Such system has applicability in healthcare, offices, banks, hotels and other facilities. The sound masking systems are widely popular in the hospitals, since they help the patients to get quick sleep, make positive impact on their mind and help them in a faster recovery. The Asia-Pacific sound masking market is studied for India, China Japan and Rest of the Asia-Pacific.
1) What are the major drivers and opportunities in the Sound Masking Market?
Ans: Growing healthcare industry is likely to drive the market for the sound masking system, as the use of sound masking system in the hospitals has proven in better recovery of the patients and has helped to make them comfortable in the hospitals.
2) What are the major strategies adopted by the key players?
Ans: Product launches and deals such as acquisitions, partnerships and agreements are the major strategies adopted by the key players of Sound Masking Market.
3) Which Countries contributes to the largest market share in Sound Masking Market during the forecast period?
Ans: China contributes the largest market share in Sound Masking Market during the forecast period.
