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