Category : Semiconductor and Electronics | Published at : March-2019 | Delivery Format : PDF | Status: Published | Pages : 160
Introduction
The global acoustic sensor market is projected to worth $2,345.3 Million by 2026 and the market is projected to showcase 17.4% CAGR during the forecast period. The acoustic sensor market is driven by the huge adoption of acoustic sensing technology in the automotive industry for safety concerns.
Market Dynamics
The rapid technological advancement in sensor technologies and wider application of acoustic sensors in consumer electronics are the major factors driving the growth of the Acoustic sensor market. Also, an increase in government initiatives and a rise in investment on research and development activities by manufacturers are the factors bolstering the growth of the global acoustic sensor market.
Market Insights
The evolution of acoustic sensing technologies and rise in adoption of the acoustic sensor in the automotive sector will create new opportunities for manufacturers in the global acoustic sensor market.For instance, Frauscher Sensortechnik, which is an Austrian company has launched distributed acoustic sensing technology into its rail detection technologies product range in order to expand its business globally.
Market Classification
The global acoustic sensor market is segmented into wave type, sensing parameter, end-use industry, and region. On the basis of wave type, the global acoustic sensor market is segmented into surface wave and bulk wave. The surface wave segment is further bifurcated into FPW Sensors, STW Sensors, and Rayleigh Surface Wave Sensors. Also, the bulk wave segment is further segmented into SH-APM sensor and TSM sensor. On the basis of sensing parameter, the global acoustic sensor market is segmented into pressure, humidity, temperature, weight, viscosity, torque, and others. On the basis of the end-use industry, the global acoustic sensor market is segmented into consumer electronics, aerospace, automotive, defense, industrial, healthcare, and others. On the basis of region, the global acoustic sensor market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Based on wave type, the global acoustic sensor market can majorly be segmented into two sub-segments, which are surface wave and bulk wave. The bulk wave segment is expected to dominate the global acoustic sensor market. In bulk acoustic wave (BAW) sensors, the acoustic wave travels through the bulk of the piezoelectric substrate.
Regional Insights
The Asia Pacific is expected to dominate the global acoustic market owing to the extensive adoption of acoustic sensor products in the automotive and consumer electronics industry. Countries such as China and Japan are expected to hold the largest share in the acoustic sensor market in the Asia Pacific region. Also, the emerging countries in the Asia Pacific are expected to create lucrative growth opportunities for the key manufacturers. This factor is projected to drive the growth of the acoustic sensor market.
Market Participants
Some of the prominent players operating in the global acoustic sensor market are Siemens Process Instrumentation, Boston Piezo-optics Inc., Pro-Micron GmbH & Co. Kg, Hubbell Lighting, Transense Technologies PLC, Panasonic Corporation, Vectron, Murata Manufacturing Co., KYOCERA Corporation, Honeywell International Inc., and others.
The key manufacturers are focused on investing in research and development activities to offer innovative acoustic sensing technologies for various application in end-use industries. Moreover, key players in the global acoustic sensor market are focusing mainly on merger and acquisition and developing strategic partnerships with other players in order to expand their business globally.
Market Segmentation
Market By Wave Type
- Surface Wave
- FPW Sensors
- STW Sensors
- Rayleigh Surface Wave Sensors
- Bulk Wave
- SH-APM Sensor
- TSM Sensor
Market By Sensing Parameter
- Pressure
- Temperature
- Humidity
- Weight
- Viscosity
- Torque
- Others
Market By End-use Industry
- Consumer Electronics
- Automotive
- Aerospace
- Industrial
- Healthcare
- Defense
- Others
Market By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
