Summary
The global Noise Reduction System Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Noise reduction system, also known as a noise control system. Noise reduction is simply the process of eliminating noise in a signal. Noise reduction methods exist for both sound and image. Noise reduction algorithms can therefore distort the original signal to at least some degree. Almost all electronic signal processing devices, including digital and analog, have certain characteristics that render them susceptible to noise.
Increasing production and use of electronic devices coupled with the affordable rate of noise cancellation head-phones is fueling the growth of the noise reduction system. According to the Electronic Industries Association of India, The total production of the aforesaid verticals of the electronics sector in India is estimated to be about Rs.3, 87,525 crore in 2017-18, compared to Rs.3, 17, 33 1 crore in 2016-17, exhibiting a growth of about 22%. The production for Home Theaters is estimated to witness a growth of about 0.76 million nos., valued at about FRs.924 crore in 2017-18, compared to 0.7 million nos., valued at Fts. 840 crore in 2016-17. Rapid growth in theatres around the globe is further projected to foster the growth of the market over the forecast period.
The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the high adoption of consumer electronic devices in the region. According to Invest India, India’s share in global electronics manufacturing has grown from 1.3% in 2012 to 3% in 2018. India is expected to have a digital economy of $1 tn by 2025. India’s Electronics System Design and Manufacturing (ESDM) sector is expected to generate $100 - 130 bn in economic value by 2025
Key Developments:
- In January 2021, Noise has announced the launch of its first-ever Environmental Noise Cancelling (ENC) Truly Wireless System earbuds - Noise Elan which suppresses environmental noise
- In January 2020, Shure, a global audio electronics provider announced the launch of wireless noise-canceling headphones and true wireless earphones at CES
- In October 2020, OPPO launched a range of new devices including OPPO Enco X True Wireless Noise Cancelling Earphones, OPPO Watch RX¹, OPPO TV S1², and OPPO TV R1 series³, thereby further expanding its IoT ecosystem.
- In August 2019, Sandvik Mining and Rock Technology introduces two new innovative solutions to reduce noise emissions in surface top hammer drilling. The new options for the Ranger™ DXi series and Dino™ DC410Ri surface drill rigs help to mitigate harmful noise at construction worksites and quarries.
The Noise Reduction System Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Noise Reduction System Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- ArtUSA Industries
- Ventac
- Noise Barriers
- IAC ACOUSTICS
- Paragon Noise Barriers
- Kinetics Noise Control
- Rebloc
- Sound Barrier Fence Factory
- Sound Seal
- CSTI acoustics
- ENoiseControl
By the Product Type, the market is primarily segmented into:
- Noise Barrier
- Noise Deadener
- Other
By Applications, the market is segmented into:
- Oil and Gas Industrial
- Mining
- Construction Industrial
- Automobile Industrial
- Manufacturing Industrial
- Pharmaceutical Industrial
- Food Industrial
- Other
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Noise Reduction System Market Report:
- To assess the size of the market by value and volume
- Analyze the Noise Reduction System Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Noise Reduction System Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Noise Reduction System Market
The Noise Reduction System Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Noise Reduction System Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
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