The noise monitoring market has been segmented on the basis of sampling method, precision type, connectivity, solution, application, and geography. The market is expected to witness a stagnant growth during the forecast period. The noise monitoring market is expected to grow at a CAGR of 4.1% between 2017 and 2023.
The noise monitoring market is less competitive with the presence of both small and big players in the market. The strategy of product launch has been mainly adopted by the market players to grow in this market. Besides product launch, companies have also adopted the strategies of acquisitions, partnerships, expansions, agreements, contracts, alliances, and collaborations to expand their business operations, product portfolio, and distribution network. This also helps the companies strengthen their market share and position.
Bruel & Kjaer is the leading provider of noise meter, dosimeter, software, and services. It designs, manufactures, installs, and provides services for measurement and analysis of sound and vibrations. The company also offers services in installation, training and development, support and maintenance, repairs, and rental services of noise monitors. The company has its sales offices in the US, Europe, Asia, and Africa with dominance in major countries such as the US, Canada, UK, Germany, France, Sweden, Denmark, China, Australia, India, Singapore, Thailand, and South Korea. The company provides its noise and vibration monitoring solutions for various industries such as aerospace, automotive and ground vehicle, defense, space, telecom and audio, mining, ports, airport environment, construction, wind energy, and other industries. The company is largely involved in the strategies of acquisitions and contracts to expand its business worldwide. For example, in 2016, the company acquired Discom GmbH, a producer of automotive transmission sound and vibration test systems for acoustic quality analysis at production lines. Discom has a fully integrated and web-enabled production test solution, thus making Bruel & Kjaer an acoustic solution provider for the automotive industry. In 2016, Bruel & Kjaer also acquired Sound & Vibration Technology Ltd. to expand its global engineering services. This will help the company deliver high-value engineering services to the automotive and aerospace industries.
Rion Co. Ltd., a leader in the noise monitoring system market, offers sound level meters, vibration meters, recorders, and application products. The company has a wide range of meters, analyzers, and amplifiers that help them cater to every industry. It also provides frequency analyzers, software, microphones and accelerometers, and successor model search. Rion is one of the largest suppliers of sound level meters and dosimeters. It also provides rental services for noise monitoring. The company attains it growth mainly through strategic contracts in various industries such as pharmaceuticals and medical devices, and upstream and midstream industries. It has a global presence through its distributors in Europe, Asia, America, and Australia. The company focuses on product development to strategically improve its product portfolio and generate revenue through innovative installations. For example, in 2017, Rion updated the firmware for RIONOTE (SA-A1) noise monitoring device. In 2016, it launched a new product UC-35P, a microphone with a preamplifier. This device is used for the measurement of low sound pressure level.
Noise Monitoring Market by Sampling Method (Short-term, Long-term, & Permanent Monitoring), precision Type (Class 1 & Class 2), Connectivity (Wi-Fi, Cellular, Ethernet, & USB), Solution (Hardware, Software, & Service), Application, and Geography - Global Forecast to 2023
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