The global acoustics sensor market size is poised to grow by USD 366 million during 2020-2024, progressing at a CAGR of almost 10% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Acoustic Sensors Market 2020-2024 (Graphic: Business Wire)
One of the primary factors driving the market growth is the evolution of smart cities. Smart cities offer location-based services that city planners can use to understand the functioning of the cities and offer better services to the citizens. This involves setting up of new cellular base stations, new hotspot points, and revamped RF technology infrastructure. Moreover, smart cities depend on public Wi-Fi networks to render services such as access to education, healthcare, infrastructure management, traffic management, safety and security, and waste and water management. Consequently, smart cities will boost cellular network to facilitate robust service infrastructure. This involves setting up of new cellular base stations, new hotspot points, and revamped RF technology infrastructure. These factors are expected to intensify the demand for acoustic sensors, contributing to the overall acoustic sensors market growth.
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Report Highlights:
- The major acoustics sensor market growth came from the SAW sensor segment. Growth opportunities in the telecom segment, passive and wireless nature of the sensors, technological advances in the segment, and the low cost of manufacturing are driving the acoustic sensors market growth by the SAW sensor segment. The acoustic sensors market share growth by the SAW sensor segment will be faster than the growth of the market by the BAW sensor segment.
- APAC will offer several growth opportunities to market vendors during the forecast period. The presence of a large number of smartphone users and the rising demand for mobile hotspot routers will significantly influence acoustic sensors market growth in this region. China and Japan are the key markets for acoustic sensors in APAC. Market growth in this region will be faster than the growth of the market in other regions.
- The global acoustics sensor market is concentrated. Boston Piezo-Optics Inc., Campbell Scientific Inc., CeramTec GmbH, CTS Corp., Dytran Instruments Inc., Honeywell International Inc., Kyocera Corp., Murata Manufacturing Co. Ltd., Panasonic Corp., and Siemens AG. are some of the major market participants. To help clients improve their market position, this acoustics sensor market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the acoustics sensor market 2020-2024 is expected to have Positive and Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Advances in RF Technology will be a Key Market Trend
BAW sensors perform effectively in frequency ranges above 1.5 GHz, and their performance declines as the frequencies get higher. BAW designs are less sensitive to temperature variations, especially at broad bandwidths, while delivering low signal loss and steep filter skirts. Vendors are making continuous innovations in the design of RF components, which have resulted in enhanced filtering-efficiency and expanded the application of acoustic sensors across different electronic devices. RF components, including acoustic sensors, are used to support different standards, applications, band combinations, and mobile operators’ requirements, which is one of the key acoustic sensors market trends. The deployment of upgraded BAW sensors will assist LTE wireless networks in providing better services. The market for BAW sensors will witness a steep rise in revenue during the forecast period.
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Acoustics sensor Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist acoustics sensor market growth during the next five years
- Estimation of the acoustics sensor market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the acoustics sensor market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of acoustics sensor market vendors
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Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- SAW sensor – Market size and forecast 2019-2024
- BAW sensor – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Telecom – Market size and forecast 2019-2024
- Automotive – Market size and forecast 2019-2024
- Consumer electronics – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- Boston Piezo-Optics, Inc.
- Campbell Scientific Inc.
- CeramTec GmbH
- CTS Corp.
- Dytran Instruments Inc.
- Honeywell International Inc.
- Kyocera Corp.
- Murata Manufacturing Co. Ltd.
- Panasonic Corp.
- Siemens AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
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.
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