The Global Electronic Earmuff Market was valued at USD 795.9 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 5% between 2021 to 2028. Electronic earmuffs are devices that are used as a hearing protection that fit around the external ear to reduce the transmission of sound from outside to enter into the ear canal. They have an electronic technology that has the ability to blocks harmful noises and is reduced to safer intensity level protecting the noise induced hearing loss and the needed one are still heard.
The market is driven by the rising demand for the advanced tools and next generation tools using electronic hearing protection devices. Moreover, the increasing incidence of hearing loss with the growing concern of government for industry workers generally from the military personnel is also fueling the growth of the market.
The COVID-19 pandemic has created a disruption in the supply chain and value chain which has resulted in direct impact on the global economy and the has significantly impacted the financial markets and financial firms. There has been a delay in the supply of the electronic earmuff devices and has resulted in the slowdown of the market across the globe.
Moreover, lack of availability of advanced technology in countries having lack of monetary resources with the high cost accommodated with the customized electronic hearing devices is hampering the growth of global market.
Globally, North America is expected to hold the major share in the global electronic earmuff market as owing to the growing awareness for professional hazard accompanied with government’s initiative to procure the electronic hearing protection devices for the military personnel.
However, Europe followed by Asia-Pacific is expected to shoe lucrative growth during the next 5 years owing to the presence of major manufacturing players operating in the region with the development of enhanced and innovative devices.
Key market players in the global electronic earmuff market are Centurion Safety, Pyramex Safety, MSA and Delta Plus.