The Global Market for Hearing Protection Devices is Projected to Reach US$1.3 Billion by 2024

Growing Emphasis on Worker Safety Standards Worldwide to Drive Sales of Hearing Protection Devices, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry trends, growth drivers, market size, share and demand forecasts on the global Hearing Protection Devices market. The global market for Hearing Protection Devices is projected to reach US$1.3 billion by 2024, driven by the growing emphasis placed on worker safety in loud noise environments, stringent regulations mandating employee hearing protection, improvement in employment levels and novel hearing protection technologies.

Hearing protection devices are personal protective equipment worn outside or inside the ear for protection against prolonged exposure to loud noise. The market is primarily driven by strict enforcement of legislations to prevent hearing loss caused by exposure to dangerously high levels of noise in work environments. Noise Induced Hearing Loss (NIHL) is one of the major avoidable occupational hazards in heavy industrial, manufacturing and construction environments, particularly in developing countries. Improvement in construction, oil& gas, mining, and manufacturing sectors and rise in employment numbers bode well for the demand for hearing protection devices.

Technological advancements and innovations in hearing protection market are being driven by the need to remain constantly connected. Demand for specialized protective wear is set to increase, mainly due to complex requirements of workplace and the need for specialization and innovation in safety equipment. PPE manufacturers are leveraging on advanced electronics aimed at improving hearing protection capabilities of HPDs and also new materials and designs to provide user comfort and improve operability. Noise suppression technologies are increasingly being integrated with speech enhancement technology and are being included in smart ear muffs and ear plugs to address existing issues and achieve the desired results. These new technologies have the ability to amplify certain sounds, while lowering background noise to acceptable levels, and also allow clear communication and situational awareness. Manufacturers are investing resources in product R&D projects to develop new materials and designs that provide a balanced mix of both protection and user comfort.

As stated by the new market research report on Hearing Protection Devices, the United States represents the single largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market at CAGR of 6.8% over the analysis period,. The growth in the region is led by the rise in manufacturing activity, rapid industrialization and improvement in construction activity and foray of increasing number of international companies with improved safety programs into the region.

Key players in the market include 3M Company, ADCO Hearing Products Inc., Centurion Safety Products Limited, Moldex-Metric Inc., MSA Safety, Silenta Group Oy, Phonak Communications, and Starkey Laboratories Inc., among others.

The research report titled “Hearing Protection Devices: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, growth drivers, service innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets.


Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

  1. Good informative article. Good Hearing Protection company, they have a large number number of product-related hearing and safety products.

    ReplyDelete

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022