Acoustic Hailing Devices Market Size and Forecast - 2031

Acoustic Hailing Devices Market Size and Forecasts (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis by Type (Long Range Acoustic Hailing Devices, Short Range Acoustic Hailing Devices); Application (Government, Commercial, and Others); and Geography

Publication Month : Apr 2024

  • Report Code : TIPRE00010525
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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Analyst Perspective

The acoustic hailing devices market has witnessed growth over the past few years. The coming years will bring significant growth with various favorable factors aiding the market. The global political factor is one of the major contributors to the market's growth. These devices are widely used by the military during protests and riots to control the crowd. Public protests and riots around the world are driving the need for the devices. As the need for public safety, defense, and law enforcement increases, so will the demand for acoustic hailing devices.

Market Overview

An acoustic hailing device is a specialized loudspeaker used for emitting high-power sound waves for long-range communication. These devices project intelligible audio over long distances by focusing sound waves into a concentrated beam. Acoustic hailing devices are used in defense, law enforcement, maritime, and public safety industries. Out of these sectors, the global military has significantly increased its expenditure, and keeping law and order is one of the biggest concerns. Countries like India, China, Russia, Saudi Arabia, and the US were at the forefront of military spending. The global acoustic hailing devices market is expected to grow with a CAGR of about 13.1% during the forecast period.

Market Driver

Government spending is not going to stop

As tensions all over the world are rising due to various political and economic concerns, the need for acoustic hailing devices is increasing in the market. This is leading to an increase in investment in acoustic hailing devices by governments worldwide. The increase in spending will result in the growth of the acoustic hailing device market during the forecast period.

Market Scope

The "Global Acoustic Hailing Devices Market Analysis to 2031" is an in-depth study of the electronics and semiconductor industry with a particular focus on the global market trend analysis. The aim of the report is to provide an overview of the acoustic hailing devices market with detailed market segmentation by type, application, and geography. The global acoustic hailing devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading acoustic hailing devices market players and offers key trends and opportunities in the acoustic hailing devices market.

Market Segmentation

The global acoustic hailing devices market is segmented on the basis of type, application, and geography. On the basis of type, the market is segmented into long range acoustic hailing devices and short range acoustic hailing devices. On the basis of application, the market is segmented as government, commercial, and others.

REGIONAL FRAMEWORK

The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global acoustic hailing devices market based on various segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. Each region's acoustic hailing devices market is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.

The report analyzes factors affecting the acoustic hailing devices market from both demand and supply and further evaluates market dynamics that are impacting the acoustic hailing devices market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. ArgoThe report also provides an exhaustive PEST analysis for all five regions, namely North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting these regions' acoustic hailing devices market.

World Geography

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MARKET PLAYERS

The reports cover key acoustic hailing devices market developments as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players in the acoustic hailing devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for acoustic hailing devices in the global market. Below mentioned is the list of a few companies engaged in the acoustic hailing devices market.

The report also includes the profiles of key acoustic hailing device companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  • Argo-A Security LLC
  • Stantor AHD
  • IPS Securex
  • Ultra Electronics
  • IMLCORP
  • Genasys Inc.
  • CRD Protection AB
  • Guangzhou DSPPA Audio Co., Ltd.
  • Senken Group Co., Ltd.
  • Drumgrange Ltd
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1. Argo-A Security LLC
2. CRD PROTECTION
3. Drumgrange Ltd
4. Federal Resources
5. Genasys, Inc. 
6. IMLCORP. COM
7. Nixalite
8. PRAMACOM - HT
9. Summit Engineering NV
10. Ultra Electronics

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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