Sound Level Meters Market is analysed to grow at a CAGR of 5.8% during the forecast 2021-2026 to reach $1.9 billion by 2026. Sound level meters are handheld devices that are used to assess the sound pressure levels through the microphone. The growth in the market is majorly attributed to the rising trend towards smart cities and the need for sound level monitoring and to avoid noise pollution due to rising acoustic pressure issues. Typically sound level meters use electrical weighted networks as part of the measurement process. Rising requirement for better urban planning to drive down the noise disintegration has led to increased need to monitor sound level pressure thus resulting in growth of sound level meter market size. High noise levels can contribute to cardiovascular effects in humans and an increased incidence of coronary artery disease. As a result countries have increased regulation surrounding noise levels to reduce impact on the healthcare sector. This will drive forward the sound level meter industry.
Sound Level Meters Market Segment Analysis - By Meter Type
By Meter type, the sound level meter market is segmented into ordinary and precision sound meters. Ordinary type sound level meters are analysed to hold highest share and grow at highest CAGR of 6.9% during the forecast period 2021-2026 owing to the employment in residential, educational, commercial and other applications. As the adoption of sound level meters is significantly high in the residential and commercial applications, the sound level meter industry is being driven significantly by the replacement rate in this sector. Precision sound meters are employed in the laboratory applications where the potential market is rather limited and replacement rate is much lower, hence the growth is lower compared to the ordinary sound meters.
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Sound Level Meters Market Segment Analysis - By Application
By application type, the sound level meter industry is segmented into Industrial, Enterprises, Residential, Educational, Transportation, Laboratory, Environment and others. Enterprise segment is projected to grow at highest CAGR of 7.2% during the forecast period 2021-2026. As stated by Occupational Safety and Health Administration (OSHA), the sound level pressure permissible in factories is 85dBA thus driving the need for acoustic pressure monitoring. Hence the adoption rate is significantly high. The growing expansions of the manufacturing factories is significantly contributing to the market growth rate during the forecast period 2021-2026. In February 2020, BMW Group announced the expansion of its manufacturing site in Germany owing to the rising demand for the Electric vehicles. Such developments are driving the need for sound level meters thereby driving the sound level meter market size. The rising analysis in industrial sector focused on electrical weighted network usage as well as equal loudness contour based measurement will drive the growth of sound level meters.
Sound Level Meters Market Segment Analysis - By Geography
North America is analysed to be the major region with a share of 35.2% in 2020 for the Sound Level Meters market owing to the prominent research and implementation of the Sound Level Meters. However, APAC is analysed to grow at highest rate during the forecast period 2021-2026 majorly attributed to the high sound pollution levels in the countries of the region. As stated by World Economic Forum (WEF), India, China and other countries of APAC are listed in top 10 noise polluted countries, hence the need for sound level meters is set to boost the demand thereby contributing to the market growth rate during forecast period 2021-2026 According to the EU, about 40% of the population in EU countries is exposed to road traffic noise at acoustic pressure levels exceeding 55 db which is also driving the market in this region.
Sound Level Meters Market Drivers
Growing Concerns of Sound Pollution
As stated by World Health Organization (WHO), in 2019, 360 million people worldwide have disabling hearing loss, and exposure to excessive noise levels is one of the major reasons for this. As stated by European Economic Association (EEA), an estimated number of 22 million people suffered chronic high annoyance and 6.5 million people suffered chronic high sleep disturbance due to noise pollution in 2019. As a result of aircraft noise in 2019, around, 12,500 school children suffer reading impairment in school. All these factors positively impacting the rising need to monitor acoustic pressure monitoring thereby driving adoption of the sound level meters.
Rising Investments in Smart cities
The growing smart city projects alongside the deployment of the sound level meters for sound level monitoring to curb the noise pollution is significantly contributing to the market growth rate. Government in countries such as India, Japan, Korea, and so on are significantly investing in smart city projects. This includes investment into devices that monitor noise pressure level particularly those which include equal loudness contour monitoring thereby contributing to the market growth rate.
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Sound Level Meters Market Challenges
High Cost:
Although, the Sound Level Meter is highly used in monitoring the acoustic pressure levels, various factors affect the sound level meter market size such as the cost of the product which is analysed to hinder the market growth rate. The high cost of the product is majorly attributed to the complicated and expensive equipment. The precision sound level meters in particular are costlier compared to the ordinary sound meters, hence their adoption is limited to laboratory applications. Thus, this will hinder the sound level meter industry outlook.
Sound Level Meters Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Sound level meters. The key players in the market include 3M, Svantek Inc., Brel & Kjr, Norsonic, RION Co., Ltd., Testo SE & Co. KGaA, Cirrus Research Plc, TES Electrical Electronic Corp., NTi Audio among others.
Acquisitions/Technology Launches/Partnerships
In January 2021, the Philippines government launched a new automotive regulation focused on acoustic pressure monitoring. Under section 5.4.3.7, a Motor Vehicle Inspection Center (MVIC) will use a 'sound level meter' to check how much sound pressure a car is making. Any unmodified vehicle making more than 99dB will have fines issued
In December 2020, the central district of Delhi Police has used sound level meters (SLM) to monitor sound pressure level for the first time in the national capital to prosecute violators.
Key Takeaways
Growing sound pollution and its adverse effects is analysed to significantly drive the market during the forecast period 2021-2026.
Factories are analysed to hold significant share in 2020, attributed to the significant deployment to curb the noise pollution.
APAC is analysed to grow at highest CAGR during the forecast period owing to the growing government involvement in the rapid urbanization. The rising need for improved urbanization monitoring will drive adoption of sound level meters
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