NEW YORK, May 13, 2022 /PRNewswire/ — The “Acoustic Hailing Devices Market by End-user (Government sector and Commercial sector) and Geography (APAC, North America, Europe, South America, and the Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the acoustic hailing devices market between 2021 and 2026 is USD 33.37 million, as per the latest market analysis report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 13.04%.
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Key Market Dynamics:
- Market Driver: The rise in government spending on AHDs is one of the key drivers supporting the acoustic hailing devices market growth. AHDs find extensive use in the military, defense, navy, and other applications. An increase in the need for AHDs has resulted in a simultaneous rise in new unit orders for these devices. An increase in orders for AHDs will consequently lead to a rise in the sales of new units of AHDs by vendors, besides fueling the growth of the global acoustic hailing devices market during the forecast period.
- Market Challenge: The effect of LRAD on human health is one of the factors hindering the acoustic hailing devices market growth. AHDs such as LRADs are widely used as non-lethal weapons in law enforcement activities. the use of AHDs such as LRAD may result in severe irritation and pain to the human ear, thereby resulting in serious nerve injury. It can lead to permanent damage to the auditory nerve, inner ear trauma, hyper ears, and temporary or permanent hearing loss.
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Key Market Segment Highlights:
The acoustic hailing…