Market Share of SoundField Systems Industry
The soundfield system market is fragmented and consists of various players. The market players adopt various strategies such as strategic mergers and acquisitions, product innovation, market expansion, and among others to stay ahead of the competition. Some of the key players include Phonak, LLC, FrontRow, SoundField, Samson Technologies Corporation, ELT Group, and others. Some of the recent developments in the market include:
- In August 2024, the Australian government declared the inauguration of the AUD 75 million (USD 50.77 million) NextSense Centre for Innovation at Macquarie University in Sydney, marking a significant advancement for individuals experiencing hearing and vision impairments. This centre is designed to facilitate continuous research, education, and treatment, ultimately improving the quality of life for those affected by hearing and vision loss across the country. Such investment by the government will support the demand for soundfield systems.
- In July 2024, Williams AV announced its acquisition of TeachLogic, a company renowned for its sound reinforcement solutions tailored for K-12 educational environments. The integration of TeachLogic’s offerings enhances Williams AV’s assistive communication portfolio and aligns with its mission to foster connections and promote inclusivity.
SoundField Systems Market Leaders
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Phonak, LLC
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FrontRow
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SoundField
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Samson Technologies Corporation
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ELT Group
*Disclaimer: Major Players sorted in no particular order
