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Global Acoustic Sensors Market - Segmented by Type (Wired, Wireless), Wave Type (Surface Wave, Bulk Wave), Sensing Parameter (Temperature, Pressure, Mass), Application (Automotive, Aerospace and Defense, Consumer Electronics), and Region - Growth, Trends,

Global Acoustic Sensors Market - Segmented by Type (Wired, Wireless), Wave Type (Surface Wave, Bulk Wave), Sensing Parameter (Temperature, Pressure, Mass), Application (Automotive, Aerospace and Defense, Consumer Electronics), and Region - Growth, Trends, and Forecast (2018 - 2023)

The acoustic sensors market was valued at USD 5.1 billion in 2017 and is projected to reach USD 11.6 billion by the end of 2023, growing at a CAGR of 14.8% over the forecast period of 2018-2023. The scope of the report is limited to the type of sensors, its sensing parameters, and its application. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Technological advancements, low manufacturing cost, and growth of the telecommunications market are the major drivers for the lucrative growth of the acoustic sensors market.

Telecommunications Industry - A Key Growth Driver

The telecommunications industry is the largest consumer of acoustic sensors, primarily driven by smartphones and base stations. With telecom companies setting up more and more towers to support the ever-increasing customer base, base stations are increasing. Moreover, people, especially in developing countries, are buying smartphones owing to the increase in disposable incomes and low-budget smartphones.

Owing to the increasing usage of smartphones, tablets, and other electronic devices in the developed and developing economies such as the United States, China, South Korea, Japan, and India, acoustic sensors are expected to witness growth during the forecast period.

Wireless sensors need no power to be separately applied to the sensor, as it gets energy from interrogating radio frequency (RF) pulse to excite the acoustic sensor and transmits its response. The wireless nature provides them the ability to measure parameters, such as torque, pressure, and temperature on rotating components with simplicity.

Moreover, acoustic sensors are well protected from electromagnetic interference that often occurs near industrial equipment, such as motors and high-voltage lines. Thus, acoustic sensors are safer and more reliable and are suitable for power equipment.

Key Developments in the Market

  • October 2017 - Microsemi Corporation, a provider of semiconductor solutions differentiated by power, security, reliability and performance, and Knowles Corporation, jointly announced that Microsemi has entered into a definitive agreement to acquire the high performance timing business of Vectron International, a Knowles company, for USD 130 million. The reason behind the acquisition is that Vectron’s highly complementary technology suite expands Micro semi’s product offering with differentiated technology and allows Microsemi to sell more to its tier one customers in aerospace and defense, communications, and industrial markets, while improving upon the operating performance of the combined model as they execute on significant synergy opportunities.
  • April 2017 - Siemens launched the next generation of digital clamp-on ultrasonic flow measurement technology: the Sitrans FS230. The new flow system with high accuracy and noise immunity is suitable for a broad array of industries requiring high-quality liquid flow measurement, including water and wastewater, power, food and beverage, pharmaceutical, and chemical.

Reasons to Purchase the Report
  • Current and future acoustic sensors market analysis in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Latest developments, market shares, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimate sheet (in Excel)
  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
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1. Introduction
1.1 Scope of the Study
1.2 Executive Summary
2. Research Approach and Methodology
2.1 Key Deliverables of the Study
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. Market Insights
3.1 Market Overview
3.2 Industry Attractiveness – Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitutes
3.2.5 Intensity of Competitive Rivalry
3.3 Industry Value Chain Analysis
4. Market Dynamics
4.1 Market Drivers
4.1.1 Growth of Telecommunications Market
4.1.2 Low Manufacturing Costs
4.1.3 High Demand for SAW-based Temperature Sensors
4.1.4 Security and Surveillance Concerns
4.2 Market Restraints
4.2.1 Technical Issues Associated with Sensors
5. Global Acoustic Sensors Market Segmentation
5.1 By Type
5.1.1 Wired
5.1.2 Wireless
5.2 By Wave Type
5.2.1 Surface Wave
5.2.2 Bulk Wave
5.3 By Sensing Parameter
5.3.1 Temperature
5.3.2 Pressure
5.3.3 Mass
5.3.4 Torque
5.3.5 Humidity
5.3.6 Viscosity
5.3.7 Chemical Vapor
5.3.8 Others
5.4 By Application
5.4.1 Automotive
5.4.2 Aerospace & Defense
5.4.3 Consumer Electronics
5.4.4 Healthcare
5.4.5 Industrial
5.4.6 Others
5.5 By Region
5.5.1 North America US Canada
5.5.2 Europe UK Germany France Rest of Europe
5.5.3 Asia-Pacific China Japan India Rest of Asia-Pacific
5.5.4 Latin America Mexico Brazil Argentina Rest of Latin America
5.5.5 Middle East & Africa Saudi Arabia UAE South Africa Rest of Middle East & Africa
6. Competitive Intelligence – Company Profiles
6.1 Siemens Process Instrumentation
6.2 Hubbell Lighting
6.3 Boston Piezo-optics Inc.
6.4 Transense Technologies PLC
6.5 Pro-Micron GmbH & Co. Kg
6.6 Honeywell Sensing & Control
6.7 Murata Manufacturing Co. Ltd
6.8 Vectron International Inc.
6.9 IFM Efector, Inc.
6.10 Dytran Instruments, Inc.
6.11 Campbell Scientific, Inc.
*List is Not Exhaustive
7. Investment Analysis
8. Outlook of Global Acoustic Sensors Market

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