Global Sound Sensor Market - Growth, Trend and Forecasts (2018 - 2023)
Sound Sensor Market is expected to grow at a CAGR of 3.56% during the forecast period of 2018-2023.The report discusses the sensing type of these sensors, end-user, and various other aspects. Regions considered for the scope of this report are North America, Europe, and various others. The study also emphasizes on how growing need for increasing demand of reliable sensors is affecting the market.
Sound sensors can measure the sound levels over a wide range of frequencies, way over and below the range of the human capacity. The ease of operation of these devices and the simplistic nature of interpreting the signals makes it a sought after technology in various industries. Essential drivers for the growth of this market are the expanding application base for sound sensors and rapid technological advancements, which have modified the sound sensors to enable them to be much more adaptable. Moreover, the integration of sound sensors in the telecom and the healthcare sector has signaled positive intent, showing promise to evolve into an established market in these segments.
Technological Advancements in Market Leading To Increasing Adoption to Drive the Market
Expanding interest in the development of reliable, high performance and cost-effective sensors is leading to huge investments by manufacturers in research and development. This is intended to encourage the development of new versions of the conventional sensors. Moreover, incorporation of nanotechnology and micro-technology, which helps in creating significant opportunities as miniaturization is the most trending development in the industry.
Commercial appliances with sound sensors integrated help perform non-contact operations by passing instructions for non-contact functions. Also, advent of disposable sensors, which can be deployed in difficult environments in the air, under water or in any other testing surroundings (which cannot be reached by humans) also contributes to the growth of the market.
Growing Demand from Healthcare Market to Augment the Demand
Sensors are playing an ever more significant role in the medical sector with the primary purpose of making medical devices much more effective and safer than they already are, while simultaneously simplifying their operation. They form an integral part of the medical operations, medical operations inclusive of the sensors are extremely sensitive functions and they need enhanced quality and reliability. Highly efficient and ultra-low pressure sensors that detect sudden changes or movement in the body are used frequently in the market. Also, the use of ultrasonic transducers for sonography is another significant application and is expected to drive the sound sensors market.
North America Is Expected To Be the Largest Market
The growth of the market in the region co-relates with the growth of end-user industries. North America holds a majority of the market share owing to the developed industrial arena and the astronomical difference in the security spending of the countries in that region as compared to others. The high spending indicates a developed and efficient implementation of sensors in the different fronts to establish a significant technology and intelligence advantage over others. Also, early adoption of this technology is also a significant factor for the growth of the market in the region. Moreover, smartphone microphones are being used in medical applications. For instance, AliveCor’s heart monitor for the iPhone 4, 4S, and 5 was used in 2012, using the phone’s microphone.
Key Developments in the Market
November 2017 - Vesper introduced the VM2000, a MEMS microphone. It has applications in voice-activated systems such as smart speakers, smart home, and IoT products.
The major players include: CETACEAN RESEARCH TECHNOLOGY, CTS CORPORATION, GE MEASUREMENT & CONTROL SOLUTIONS, MAXBOTIX, INC., ROCKWELL AUTOMATION, INC., SIEMENS AG, STMICROELECTRONICS, INC., AND TELEDYNE TECHNOLOGIES, INC., amongst others.
Reasons to Purchase this Report
Analyzing the low manufacturing costs of these sensors is affecting on market scenario.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
The end-user thatare expected to dominate the market.
Region that is expected to witness fastest growth during the forecast period.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet(in excel)
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