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Acoustic Hailing Devices Market size is set to grow by USD 39.3 million from 2024-2028, Rise in government spending on ahds boost the market, Technavio

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NEW YORK, July 9, 2024 /PRNewswire/ — The global acoustic hailing devices market size is estimated to grow by USD 39.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  14.75%  during the forecast period. Rise in government spending on ahds is driving market growth, with a trend towards growth in development of superior products. However, concerns related to effect of lrad on human health  poses a challenge. Key market players include Acentech Inc., Argo A Security LLC, Avnon Enterprise Ltd., CRD Protection AB, Drumgrange Ltd., Eltem Corp., Genasys Inc., IML Corp., IPS Securex Holdings Ltd, Nixalite of America Inc., Senken Group Co. Ltd., Summit Engineering NV, The Sound, Torrence Sound, and Ultra Electronics Holdings Plc.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Acoustic Hailing Devices Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 14.75%

Market growth 2024-2028

USD 39.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.59

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

China, US, India, Germany, and Canada

Key companies profiled

Acentech Inc., Argo A Security LLC, Avnon Enterprise Ltd., CRD Protection AB, Drumgrange Ltd., Eltem Corp., Genasys Inc., IML Corp., IPS Securex Holdings Ltd, Nixalite of America Inc., Senken Group Co. Ltd., Summit Engineering NV, The Sound, Torrence Sound, and Ultra Electronics Holdings Plc

Market Driver

The global acoustic hailing devices market is experiencing significant growth due to the continuous development of advanced products by key vendors. Genasys Inc., a leading company in this field, recently announced the shipment of its latest innovation, the LRAD 950NXT. This system integrates communication, surveillance, security, and response capabilities. Vendors are investing heavily in research and development to introduce superior products, increasing market demand. Advanced product launches will also push other vendors to innovate and maintain their market position. These developments will contribute to the market’s revenue growth throughout the forecast period. 

The Acoustic Hailing Devices (AHD) market is witnessing significant growth due to increasing demand for early warning systems and critical infrastructure protection. AHDs are increasingly being used for wildlife protection, force protection, and as non-lethal weapons. The international political climate, immigration, border control, and public protests are key drivers for this market. Law enforcement authorities and military groups are major consumers, using AHDs for law and order maintenance, democratic process support, and controversial government policy implementation. Equipment and machinery manufacturers, commercial security firms, coastal security agencies, border patrols, and maritime shipping industries are also adopting AHDs for mass notifications, crowd control, checkpoints, patrols, and convoys. Innovations like the Hyperspike HS-10 and LRAD speakers and systems are revolutionizing the market. Additionally, drones and bird control solutions are emerging trends. Overall, the global defense, law enforcement, and security personnel sectors are driving the growth of the Acoustic Hailing Devices market. 

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Market Challenges

•  Acoustic hailing devices, including Long Range Acoustic Devices (LRADs), are utilized extensively in law enforcement activities due to their ability to emit sound output exceeding 135 decibels. While effective for crowd control, these devices can cause significant discomfort and potential harm to the human ear. The human ear can only withstand 120 decibels before experiencing pain. Exposure to high-intensity tones from LRADs may result in nerve injury, inner ear trauma, hyper ears, and temporary or permanent hearing loss. Concerns over health effects may limit the adoption of acoustic hailing devices, thereby restraining market growth during the forecast period.

•  The Acoustic Hailing Devices (AHD) market encompasses various sectors, including early warning systems, critical infrastructure protection, wildlife protection, force protection, equipment and machinery, non-lethal weapons, border control, immigration, law enforcement, military groups, and public safety. Challenges in these areas include protests and riots, drones, international political climate, controversial government policies, and the common man’s safety. AHDs, such as the Hyperspike HS-10 and LRAD speakers and systems, play a crucial role in crowd control, checkpoints, patrols, convoys, maritime shipping, and mass notifications. They are essential tools for law enforcement, military, and security personnel in ensuring public safety, defense, and law and order. Additionally, AHDs are used for bird control, commercial security, coastal security, border patrol, and fire brigade and rescue worker communications.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This acoustic hailing devices market report extensively covers market segmentation by 

End-user 1.1 Government sector1.2 Commercial sectorGeography 2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Government sector-  The Acoustic Hailing Device (AHD) market refers to the production and sale of devices that emit sounds to communicate with vessels or structures. These devices are essential for maritime safety and communication. Key players in this market include Thales, L3 Harris Technologies, and Raytheon. Market growth is driven by increasing maritime traffic and regulatory requirements for safety communication systems. AHDs offer benefits such as long-range communication and ease of use. Despite challenges like high initial investment and maintenance costs, the market is expected to grow steadily.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Acoustic hailing devices, also known as loudhails or bullhorns, are specialized communication systems used for long-range, voice-based communication. These devices are gaining increasing popularity in various sectors due to their effectiveness in transmitting clear and loud messages over long distances. The military is a significant user of acoustic hailing devices for crowd control, checkpoints, patrols, and convoy security. In the context of public safety and defense, these devices are used for mass notifications, early warning systems, and critical infrastructure protection. In the maritime industry, they are used for communication with ships and ensuring safe navigation. Acoustic hailing devices are also used in wildlife protection, force protection, and equipment and machinery safety. In the realm of non-lethal weapons, they are considered an effective tool for law enforcement authorities during protests, riots, and border control. The international political climate, immigration, and drone security are also emerging areas of application for acoustic hailing devices.

Market Research Overview

Acoustic hailing devices, also known as Long Range Acoustic Hailing Systems (LRAS), are innovative communication tools used for various applications in defense, public safety, and security sectors. These devices emit powerful, directional sound waves to transmit clear and loud messages over long distances. Military applications include crowd control during protests and riots, mass notifications, and force protection. In the maritime industry, they serve as early warning systems for piracy and maritime shipping safety. Critical infrastructure protection, wildlife protection, and border control are other key areas where acoustic hailing devices are utilized. These non-lethal weapons are also used by law enforcement authorities, military groups, and security personnel for checkpoints, patrols, and convoys. The global market for acoustic hailing devices is growing due to increasing demand for non-lethal weapons, border security, and public safety in the context of the international political climate and controversial government policies. Additionally, the use of drones and LRAD speakers in law enforcement and rescue operations further expands the market’s potential applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userGovernment SectorCommercial SectorGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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MESCIUS inc. Recognized in 2024 ComponentSource Awards

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PITTSBURGH, July 19, 2024 /PRNewswire/ — MESCIUS inc, a global provider of award-winning enterprise software development tools, is pleased to announce that it has been recognized as the 2024 number two publisher and top five publisher by ComponentSource, the world’s largest marketplace for software components and development tools. ComponentSource also recognized MESCIUS for its many top-selling products on its annual listing.

Discover what MESCIUS products received top awards in the 2024 ComponentSource Awards.

As the component and tools market continues to expand with more mature technologies, MESCIUS inc. is pleased to offer high-performing and robust components that allow developers to “write once, deploy anywhere” across mobile, web, desktop, server, and multiple OS platforms.

ActiveReports. NET Professional received a #5 Product Award and a Top 5 Product Award. Spread. NET and ComponentOne Studio Enterprise were each honored with Top 10 Product Awards. ActiveReports .NET Standard and ComponentOne Studio WinForms received a Top 25 Product Award, while SpreadJS and Wijmo earned Top 50 Product Awards. ComponentOne Studio ActiveX, ComponentOne Studio WPF, and ActiveReportsJS secured a Top 100 Product Award. In addition to the various product awards, MESCIUS inc received a #2 Publisher Award and a Top 5 Publisher Award.

Publisher and product rankings are calculated based on ComponentSource’s actual sales orders placed by customers globally during 2023.

View the 2024 Publisher Awards List.View the 2024 Product Awards List.

“As with previous years, these awards are derived from the orders we’ve received from our global customer base,” said Sam Patterson, ComponentSource CEO. “They offer an authentic snapshot of the global market for commercial software components and development tools in 2023. We believe our awards provide precise, real-world insights into how our customers are utilizing these components and development tools in their most recent projects.”

“The rebranding from GrapeCity Developer Solutions to MESCIUS Inc. in 2023 marked a significant milestone, introducing not only a new name but also a revitalized approach to our product suite,” stated Joseph Lininger, Director of Marketing at MESCIUS (formerly GrapeCity). “We are delighted to continue our longstanding partnership with ComponentSource, which has been instrumental in distributing our .NET and JavaScript grids, UI components, reporting tools, spreadsheet and document APIs, and mobile controls. This collaboration ensures that our global developer community remains well-equipped with superior products and services they have come to expect from us.”

About ComponentSource ComponentSource is the world’s largest marketplace for reusable software components for all platforms. The respected barometer for the component industry, ComponentSource pioneered the open market for reusable software components in 1995 and continues to drive the market through its award-winning e-business model and groundbreaking work to establish the first widely accepted reusable component standard. A global e-business with customers in over 180 countries, ComponentSource is headquartered in Atlanta, GA United States and has offices in Reading, England, Dublin, Ireland and Tokyo, Japan. For more information, please visit http://www.componentsource.com.

About MESCIUS MESCIUS inc. is one of the world’s largest providers of developer components. The company retains 400 employees and hundreds of thousands of customers worldwide. MESCIUS inc. is committed to providing enterprises around the world with state-of-the-art developer tools and components, software services, and solutions. For more information, visit https://developer.mescius.com.

All product and company names herein may be trademarks of their respective owners.

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tKash Celebrates 1st Anniversary with Major Milestones and Exciting Promotions

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Achieving 100,000 Registrations, International Reach, and Celebratory Promotions Highlight tKash’s Remarkable First Year

KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — tKash, a pioneering financial services app, is celebrating its first anniversary with notable achievements and exciting promotions. Launched with a vision to simplify financial transactions, tKash has reached impressive milestones, including 100,000 registrations and up to 10,000 daily active users.

Since its inception, tKash has been dedicated to providing seamless and secure financial services. The app has enabled users to transfer up to RM 1 million across borders, offering peace of mind with its reliable and efficient service. In addition to money transfers, tKash provides convenient currency exchange services for up to 10 countries’ currencies, including Bangladesh, Indonesia, India, the Philippines, Pakistan, Singapore, Vietnam, Thailand, and Myanmar.

One of the standout features of tKash is its Live FC (foreign currency) Rates, which allows users to track currency fluctuations in real time, ensuring they make informed decisions when exchanging currencies.

The company’s growth and success have not gone unnoticed. tKash proudly featured its video on the iconic New York Times Square billboard and displayed billboards in Kuala Lumpur, enhancing its brand visibility on an international scale. Influencers from countries such as Thailand have shared positive reviews on social media, further boosting tKash’s presence on social media.

To celebrate its first anniversary, tKash is running a special promotion where users who refer their friends have the chance to share in a RM100,000 prize pool, making it even more rewarding to engage with the app. The company continues to innovate, with regular updates to its app, which are available for download on both the PlayStore and AppStore. In January 2024, tKash launched its official website, providing users another platform to access its services.

In just one year, tKash has proven to be a game-changer in the financial services industry, making everyday transactions smoother and more accessible. With its tech-savvy team and commitment to customer satisfaction, tKash is poised for continued growth and success.

tKash is a leading financial services app committed to making financial transactions easier and more accessible. With secure money transfers, real-time currency exchange rates, and a user-friendly interface, tKash transforms how people manage their finances. For more information, visit tKash.co.

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Saronic Raises $175 Million in Series B Funding, Valuing Company at $1 Billion

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Funding will accelerate Saronic’s growth and further scale production of its autonomous surface vessels for the U.S. Navy and its allies

AUSTIN, Texas, July 19, 2024 /PRNewswire/ — Saronic, a defense technology leader that designs and manufactures autonomous surface vessels (ASVs), today announced a $175 million Series B raise placing the company’s valuation at $1 billion. The funding round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others.

Saronic is redefining maritime superiority for the U.S. Navy and its allies by delivering the most effective and advanced ASVs at the speed and scale needed to meet the rapidly growing needs of the Joint Force. Saronic’s ASVs are designed to serve as a force multiplier for the existing Fleet, working alongside manned systems to allow naval forces to go farther and do more with less risk to life and mission. 

“We are creating an entirely new capability for the maritime domain, one that delivers naval power without the costs and delays of a shipyard,” said Saronic CEO Dino Mavrookas. “As the future of naval warfare will rely on manned and unmanned teaming, we must build solutions that easily integrate into the existing fleet and can be produced at scale to meet any emerging threat. We are grateful to our investment partners who believe so strongly in Saronic’s ability to meet that need.”

Saronic’s investor group is composed of firms committed to ensuring that the U.S. military maintains its decisive advantage in the face of an increasingly complex and competitive global threat landscape through the integration of advanced technology and innovative capabilities that truly meet the needs of the warfighter. 

“Our nation’s future depends on us continuing to build and deploy the best, most innovative technology” said Katherine Boyle, General Partner at a16z. “Saronic is developing the solutions we need to protect the warfighter and stay ahead of our adversaries, and we are proud to support their continued growth.”

This new investment will accelerate Saronic’s growth both domestically and internationally. At home, it will allow further expansion of Saronic’s in-house manufacturing capabilities and enable increased production of all its ASV models. Additionally, it will advance the research and development of new autonomous capabilities for naval and maritime forces, including increased technology and payload integration with government and commercial partners. Internationally, this investment will support Saronic’s expansion to more fully serve U.S. allies and partners in key markets.

“To deter China and other adversaries, the United States and our allies must bring intelligent, autonomous new capabilities to naval warfare,” said Alex Moore, Partner at 8VC. “Saronic delivers these capabilities on a relevant scale and timeline, and has enlisted the top engineers and operators in the industry.”

Saronic’s family of ASVs includes Spyglass (6′), Cutlass (14′) and Corsair, its largest model, which is currently in development and testing. Each vessel features integrated autonomous capabilities to meet a customer’s specific requirements and can carry diverse payloads in communication- and GPS-denied environments. Through the vertical integration of hardware and software as well as the use of a Modular Open Systems Architecture (MOSA), Saronic’s ASVs deliver greater interoperability at a price point that makes them attritable. Having a cost-effective capability that can be deployed without putting human operators in harm’s way increases the survivability of the fleet and enables commanders to engage in situations where the risk is too high to deploy a traditional manned system.

For more information about Saronic, please visit: https://www.saronic.com.  

Media Contact: Press@saronic.com 

 

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