Smart Hearing Protection Device Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global smart hearing protection device market is anticipated to grow at a CAGR of 11.0% during the forecast period (2022-2028). These devices are used to prevent noise-induced hearing loss and are recommended when a user is exposed to noise levels of over 80 dB for 8 hours. The major factor expected to drive the market growth is the increasing number of stringent safety regulations related to occupational safety at workplaces with the high level of noise exposure. In addition, the demand for next-generation hearing protection devices in the military has been significantly increased owing to an increase in the number of international defense agreements between various nations. This, in turn, will further drive the growth of the global smart hearing protection device market during the forecast period.

Furthermore, the increasing prevalence of hearing loss is a major factor accelerating the growth of the market. For instance, in March 2019, according to World Health Organization (WHO), one among every ten people in the US suffers from hearing impairment, which can deteriorate an individual's ability to recognize and understand normal speech. These are happening due to exposure to intense sounds. Further, it is also added that 466 million people across the globe have disabled hearing, of which 34 million are children. These factors encouraging the demand for smart hearing protection devices.

Some major players in the market include 3M Co., Honeywell International Inc., and Sonova AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2019, Honeywell International Inc. announced the launch of a new smart hearing solution, the VeriShield Smart Hearing solution which comprises a protective headset that supports companies better protect workers from noise-induced hearing loss and support workers to protect themselves from noise-related injuries.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Connectivity
•By Distribution Channel
•By End-User
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- 3M Co., Honeywell International Inc., and Sonova AG, among others.

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Global Smart Hearing Protection Device Market Report by Segment
By Type
•Ear Muffs (Passive, Electronic)
•Ear Plugs (Reusable, Disposable, Push-to-Fit, Banded)
By Connectivity
•Wired
•Wireless
By Distribution Channel
•Direct
•Indirect
By End-User
•Construction
•Data Centers
•Manufacturing
•Government
•Mining
•Oil and Gas
•Transportation
•Aviation
•Shipping
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.