Acoustic Sensor Market Surpass $2,345.3 Million By 2026 | CAGR 17.4%

Author: Acumen Research and Consulting

The global acoustic sensor market size is projected to exceed around USD 2,345.3 Million by 2026, the market is estimated to grow at 17.4% CAGR during the forecast period. The advancement of acoustic sensors in the automotive sector one of the factors that are expected to boost the growth of the global acoustic sensor market.

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Acoustic sensors are set of transducer that detects variations in sound intensity owing to the disruption in its transmission to convert in proportional digitized form. These acoustic sensors are widely used in various application such as microphones, and also it is used in medical equipment to monitor health record in the healthcare sector. The acoustic sensor market is anticipated to grow in the coming years owing to its extensive adoption in various equipment in end-use industries. Moreover, the increase in awareness related to safety concerns is one of the factors driving the demand for acoustic sensors in the automobile sector. The global acoustic sensor market is undergoing rapid transformation and the market is witnessing substantial technological advancements. Owing to the use of acoustic sensors for acoustic-wave-based MEMS devices, an advanced technology platform is offered for a wide range of applications. The acoustic sensor offers high sensitivity and competency to function wirelessly. This, in turn, is boosting the growth of the acoustic sensor market. There have been noteworthy growth in the acceptance of bulk acoustic wave sensors over the past years owing to their extensive usage in various application in consumer electronics devices. Additionally, the usage of acoustic sensors in the telecom industry for mobile phones and similar gadgets is also acting as a market driver. Most of these electronic devices are preinstalled with speakers or microphones that support acoustic sensing applications with low deployment cost. This factor is expected to have a positive impact on the global acoustic sensor market during the forecast period. MEMS technology has been known as one of the most favorable technologies and has the potential to transform industrial and consumer electronic products by linking silicon-based microelectronics with advanced technology. The introduction of advanced acoustic -based MEMS devices and high adoption of acoustic sensors for various industrial applications are the major factors driving the growth of acoustic sensor market across the globe.

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Recently,in July 2018, Leonardo, which is an Italy-based hi-tech company that offers products and services for aerospace, security, and defense sector. Leonardo entered into a partnership with L3 Technologies and Ultra Electronics Command & Sonar Systems with an objective to offer integrated acoustic sensor system for submarine warfare to the international customers. Also, 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 across the globe. Therefore, the key manufacturers in the acoustic sensor market are focused on innovating their product offerings in order to expand their customer base and product offerings.

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-user 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.

The key players catering to 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. etc. The key players in the acoustic sensor market are continuously aiming at R&D activities in order to expand their product offerings and expand their business globally. Also, the key vendors are strategically focusing on partnership and product launch in order to strengthen their foothold in the global acoustic sensor market.

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