Global Acoustic Sensor Market - Snapshot
The global acoustic sensor market, which is undergoing the development stage, is witnessing significant technological advancements. Owing to use of acoustic sensors for acoustic-wave-based MEMS devices, a promising technology platform is available for a wide range of applications. These devices have high sensitivity and capability to operate wirelessly. This, in turn, can drive the acoustic sensor market during the forecast period. There has been significant rise in the adoption of bulk acoustic wave (BAW) sensors over the last few years, due to their wide range of applications in consumer electronics devices such as smartphones, and laptops. The global market for acoustic sensors is projected to reach value of US$ 2,019.31 Mn by 2026 from US$ 489.55 Mn in 2017, registering a CAGR of 17.19% during the forecast period.
Furthermore, use of acoustic sensors in the telecom industry for in mobile phones and similar gadgets is also acting as a market driver. Most of these devices already have microphones/speakers installed, which may support acoustic-sensing applications with a relatively low deployment cost. This is projected to have a positive impact on the global acoustic sensor market during the forecast period.
Micro electrical mechanical system (MEMS) has been identified as one of the most promising technologies of the 21st century and it has potential to revolutionize both industrial and consumer products by combining silicon-based microelectronics with the micromachining technology. New, acoustic-wave-based MEMS devices are offering a promising technology platform for a wide range of applications due to their high sensitivity and capability to operate wirelessly. A close study of recent product launches and developments by key participants operating in the global acoustic sensor market reveals that end-use industries such as consumer electronics and automotive would continue to dominate the market throughout the forecast period. In terms of demand, sensing parameter segments such as temperature, pressure, and torque are expected to witness growth during the second half of the forecast period. This growth is attributable to further rise in adoption by consumers and the anticipated decline in product prices. Factors such as fabrication of thin, piezoelectric films and integration of acoustic-wave-based devices and electronics on a common silicon substrate are drivers of the acoustic sensor market. The market, however, faces a few challenges For example, in wireless sensors, several shortcomings have been observed while using traditional routing protocols.
The advancement of acoustic sensors in automotive applications could be witnessed from early days of measuring oil and water pressure/temperature, which was followed by addition of crank and cam position, air mass flow/temperature/pressure analysis, and exhaust gas analysis.
Attracted by rapid growth of the market and underlying latent demand, several players are investing in acoustic sensor products and services. Right from display panel manufacturers to device manufacturers, a range of companies across industries is trying to strengthen their foothold in the global acoustic sensor market. Some of the prominent players operating in the global market and profiled in the study are Siemens Process Instrumentation, Hubbell Lighting, Boston Piezo-optics Inc., Transense Technologies PLC, Pro-Micron GmbH & Co. Kg, Honeywell Sensing & Control, Murata Manufacturing Co. Ltd, Vectron International Inc., IFM Efector, Inc., and Dytran Instruments, Inc. These companies are focusing on expanding their business through strategic acquisitions and partnerships.
Global Acoustic Sensor Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the acoustic sensor market at the global and regional levels. The report provides analysis of the market for the period from 2016 to 2026, wherein 2018–2026 is the forecast period and 2017 is the base year. An in-depth and unbiased market assessment has been made to provide readers with comprehensive and accurate analysis. The report emphasizes all major trends anticipated to be witnessed in the global acoustic sensor market from 2018 to 2026. It also focuses on market drivers, restraining factors, and opportunities for the global market. The study provides a complete perspective on growth of the acoustic sensor market, in terms of value (US$ Mn), across various geographies including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report includes detailed value chain analysis, which provides an extensive view of the global acoustic sensor market. The Porter’s Five Forces analysis provided in the report helps understand the competition scenario of the market. The study incorporates market attractiveness analysis, wherein wave type, sensing parameter, and end-use industry segments have been benchmarked based on their market size, growth rate, and attractiveness. In order to offer complete analysis of the competition scenario in the acoustic sensor market, attractiveness analysis of the market in every region has been provided in the report.
The market overview chapter explains market trends and dynamics that include drivers, restraining factors, and the current and future opportunities for the acoustic sensor market. Market outlook analysis has also been provided in the report. Additionally, the report provides analysis of different business strategies being adopted by leading players operating in the global acoustic sensor market. The market introduction chapter helps in getting an idea of different trends prevalent in the global acoustic sensor market.
Global Acoustic Sensor Market: Scope of Report
The study provides a decisive view of the global acoustic sensor market, by segmenting the market in terms of wave type, sensing parameter, and end-use industry. The report provides a detailed, region-wise segmentation of the acoustic sensor market and sub-categorizes it into various countries, thereby providing valuable insights at micro and macro levels.
The report further highlights the competition scenario in the global acoustic sensor market, thereby ranking all major players according to their geographic presence and key recent developments. Insights for the global acoustic sensor market is a result of extensive primary interviews, secondary research, and in-house expert panel reviews. Market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
The acoustic sensor market in North America has been segmented into Canada, the U.S., and Rest of North America. Furthermore, the Europe market has been divided into France, Germany, the U.K., and Rest of Europe. The acoustic sensor market in Asia Pacific has been classified into China, Japan, India, and Rest of Asia Pacific. Middle East & Africa comprises GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America includes Brazil and Rest of South America. The report provides all strategic information required to help understand the global acoustic sensor market. The report also offers insights into different segments of the market in various geographical regions mentioned above.
Global Acoustic Sensor Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources include annual reports, company websites, SEC filings, investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, and statistical databases.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased review of the acoustic sensor market across geographies. Primary interviews are usually conducted on an ongoing basis with market experts and participants in order to obtain latest market insights and validate the existing data and analysis. Primary interviews offer new information on important factors such as market trends, market size, competition landscape, and growth trends. These factors help validate and strengthen secondary research findings. Moreover, the data collected from secondary and primary research is discussed and examined by TMR’s expert panel.
Global Acoustic Sensor Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global acoustic sensor market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players profiled in the report are Siemens Process Instrumentation, Hubbell Lighting, Boston Piezo-optics Inc., Transense Technologies PLC, Pro-Micron GmbH & Co. Kg, Honeywell Sensing & Control, Murata Manufacturing Co. Ltd, Vectron International Inc., IFM Efector, Inc. and Dytran Instruments, Inc. Companies are focusing on expanding their business through strategic acquisitions and partnerships.
The global acoustic sensor market has been segmented as follows:
Global Acoustic Sensor Market, by Wave Type
- Rayleigh Surface Wave Sensors
- SH-SAW Or STW Sensors
- FPW Sensors
- TSM Sensors
- SH-APM Sensors
Global Acoustic Sensor Market, by Sensing Parameter
Global Acoustic Sensor Market, by End-use Industry
- Consumer Electronics
- Health Care
Global Acoustic Sensor Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America