Global Acoustic Sensor Market – Industry Trends and Forecast to 2029

Global Acoustic Sensor Market, By Material (Quartz, Lithium Tantalate, Lithium Niobate, Gallium Arsenide, Silicon Carbide, Langasite, Zinc Oxide, Aluminium Nitride, Lead Zirconium Titanate, Polyvinylidene Flouride), Type (Wired, Wireless), Wave Type (Surface Wave, Bulk Wave), Parameters (Pressure, Temperature, Mass, Torque, Humidity Viscosity, Chemical Vapour, Others), Application (Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Industrial, Others) – Industry Trends and Forecast to 2029.

Acoustic Sensor Market Analysis and Size

The global acoustic sensors market is expected to witness significant growth during the forecast period because it is primarily used in microphones and in the healthcare sectors to monitor and maintain patients' health records. These devices have high capability and sensitivity to operate wirelessly. This, in turn, can drive the growth of the acoustic sensor market during the forecast period. 

Data Bridge Market Research analyses that the acoustic sensor market was valued at USD 765.92 million in 2021 and is expected to reach USD 1,874.82 million by 2029, registering a CAGR of 11.84% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Acoustic Sensor Market Scope and Segmentation

Market Definition

Acoustic sensors are a part of micro-electromechanical systems, it works on the modulating surface acoustic waves which sense the physical phenomenon. They are mainly used to convert electrical signals into mechanical waves. They are used in many fields such as sensing, signal processing and others. The acoustic sensors are expected to replace conventional sensors in several applications because of their wireless operation, passive nature and lesser response time.

Acoustic Sensor Market Dynamics

Drivers

• Rising adoption of acoustic sensor for various applications

Acoustic sensor is widely used in several applications such as IT and telecommunication, automotive, consumer electronics, aerospace and defence, healthcare, and others due to its several advantages such as monitoring and maintaining patients health records are some major reason which are expected to drive the growth of acoustic sensor market.

• Advantages effect over conventional sensor

Acoustic sensors offer a competitive advantage over the conventional sensors in terms of their properties such as less response time, passive operation and wireless nature. Moreover, high stability, compact structure, extremely small size, higher sensitivity and low cost of acoustic sensors are other factors which are expected to boost the market growth during the forecast period.

Furthermore, rising growth of the telecommunication sector, increasing applications in healthcare sector to monitor patient health, prevalence of advanced technology, growing awareness among the people regarding the benefits of safety technology which will likely to accelerate the growth of the acoustic sensor market in the forecast period of 2022-2029.

Opportunities

• Increased penetration towards electronic devices

A wide use of varied electronic technology is creating ample opportunities for the acoustic sensor market. Acoustic sensing technology is highly demanding in the market due to the growing usage of smartphones, tablets, and other electronic devices in the developed and developing economies. The rise in government initiatives, increase in number of acoustic-based micro electrical mechanical system (MEMS) devices, increased investment in R&D and technological in the electronic sectors are some major factor which will create beneficial opportunities for the growth of the acoustic sensor market.

Moreover, growing technological advancement along with increasing research and development activities will also create several opportunities to boost the acoustic sensor's growth during the forecast period.

Restraints/ Challenges

• High cost associated with acoustic sensor raw materials

Volatility in the cost of raw materials which is used for the manufacturing of acoustic sensor along with increasing cost of installation and research and development activities are acting as restraints for acoustic sensor market in the above mentioned forecasted period.

Complexity in probability and system design of component failure along with limited detection range and technical challenges are acting as market restraints for the acoustic sensor demand and might hinder the growth of the acoustic sensor market globally during the forecast period of 2022-2029.

This acoustic sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the acoustic sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Acoustic Sensor Market

The COVID-19 had a negative impact on the acoustic sensor market due to the stringent rules for social distancing and lockdowns imposed by governments in several nations. The partial shutdown of the business, uncertainty in economic growth and low consumer confidence has majorly affected the demand of acoustic sensor-based technology. The decrease in the demand of automotive, consumer electronics and other, decline in the manufacturing unit and disruption in supply chain has hindered the growth of the acoustic sensor market during this pandemic along with the delay logistics activities. However, the acoustic sensor market is projected to recover its pace during the post pandemic scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In February 2019, Transense Technologies PLC had announced the inclusion of its surface acoustic wave sensor through its strategic partner GE Aviation in a new US Army turbine engine program. The US Army plans to substitute the engines in its Sikorsky UH-60 Black Hawks and Boeing AH-64 Apaches with the T901-GE-900 engine, which will incorporate the Transense SAW sensor.

Global Acoustic Sensor Market Scope

The acoustic sensor market is segmented on the basis of material, type, wave type, parameters and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Quartz
• Lithium Tantalate
• Lithium Niobate
• Gallium Arsenide
• Silicon Carbide
• Langasite
• Zinc Oxide
• Aluminum Nitride
• Lead Zirconium Titanate
• Polyvinylidene Flouride

Type

• Wired
• Wireless

 Wave Type

• Surface Wave
• Bulk Wave

Parameters

• Pressure
• Temperature
• Mass
• Torque
• Humidity
• Viscosity
• Chemical Vapor
• Others

Application

• Automotive
• Aerospace and Defence
• Consumer Electronics
• Healthcare
• Industrial
• Others

Acoustic Sensor Market Regional Analysis/Insights

The acoustic sensor market is analysed and market size insights and trends are provided by country, material, type, wave type, parameters and application as referenced above.

The countries covered in the acoustic sensor market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the acoustic sensor market in terms of revenue growth and market share. This is due to the prevalence of majority of sensor manufacturers, semiconductor companies and system suppliers in this region.

Asia-Pacific is projected to be the fastest developing region during the forecast period of 2022-2029 due to growing application of sensor in consumer electronics such as smartphones, smartwatch and others.in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Acoustic Sensor Market Share Analysis

The acoustic sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to acoustic sensor market.

Some of the major players operating in the acoustic sensor market are:

• Murata Manufacturing Co., Ltd. (Japan)
• KYOCERA Corporation (Japan)
• Panasonic Corporation (Japan)
• APITech (U.S.)
• BOSTON PIEZO-OPTICS INC. (U.S.)
• Bürkert GmbH & Co. KG (Germany)
• CeramTec GmbH (Germany)
• Columbia Research Laboratories (U.S.)
• CTS (U.S.)
• Siemens (Germany)
• Transense (U.K.)
• pro-micron GmbH (Germany)
• HONEYWELL INTERNATIONAL INC (U.S.)
• Microchip Technologies Inc, (U.S.)
• DYTRAN INSTRUMENTS INCORPORATED (U.S.)