sound-sensors-market

Sound Sensors Market By Type (Surface Acoustic Wave (SAW) Sensor, Bulk Acoustic Wave (BAW) Sensor), By Application (Automotive, Healthcare, Aerospace & Defense, Manufacturing & Processing, Consumer Electronics), By Sensing Parameters (Temperature, Torque, Pressure, Mass, Humidity, Viscosity, Chemical Vapor) - Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

05 Mar 2019 Format PDF icon PPT icon XLS icon Request Sample

Industry Outlook

Sound sensors are simple transducers which are used to measure physical parameters such as acoustics or surface vibrations. These sound sensors are also used to measure or sense different physical parameters such as pressure, temperature, humidity, viscosity, torque, mass, and chemical vapor. Thes sensors are extensive across several end-user applications as feedback to the centralized system. Based on the feedback, the centralized command system will undertake proportional action in order to maintain the sanity of the system. Consequently, sound sensor has become a critical part of any industry as well as domestic automation. Furthermore, rapid evolution in telecommunication sector is also contributing to the encourage the demand for sound sensors.

"Growth in Automotive Industry Provided Strong Encouragement for Sound Sensors Market Growth"

Post economic recession, automotive industry has emerged as one of the strongest sectors in terms of market growth. Growing purchasing power of consumer in developing region of Asia Pacific gave the liberty to the automotive manufacturers to introduce more sophisticated and advanced automotive loaded with features. This certainly stimulated the demand for the sound sensor in automotive sector and therefore, automotive application emerged as the biggest consumer of sound sensor amongst other applications. Trailing by a short margin, healthcare is incipient as strong contender to automotive application. Use of sound sensors is medical and healthcare devices is a common practice from past few years and the proliferation of sensor in future devices is helping healthcare application to gain top spots among other applications.

"Asia Pacific Expected to Overtake North America in Global Sound Sensors Market"

At present, North America is at the center of global automation and smart devices and therefore, encouraged the demand for sound sensors market in this particular region. The region is home to some of the major sound sensors manufacturers and has a high acceptance rate for new technology. Consequently, North America emerged as the global leader in sound sensors market. However, automation is changing the face of industrial manufacturing & processing and other end-user application in Asia Pacific. Such radical changes are encouraging the demand for sound sensors in Asia Pacific. Besides, consistently growing economic capability and spending power of consumer has uplifted the demand for smart devices, smart automotive and consumer electronics. All these factors are contributing to the growing sound sensor market in Asia Pacific and expected to overtake the market in North America during the forecast period from 2023 to 2030.

Competitive Landscape     

The research study covers some of the leading sound sensor manufacturers including Honeywell International Inc., Epson Toyocom Corporation, Panasonic Corporation, Teledyne Microwave Solutions, API Technologies Corp, Boston Piezo-optics INC., Phonon Corporation, CTS Corporation, Vectron International and CeramTec. Sound sensors market is highly fragmented market with several local as well as international players contributing to the overall market value. Major sound sensors manufacturers are coming up with business prepositions in order to maintain their market position without compromising on their profit share. Strategies such as miniaturization of sound sensors and boosting the accuracy & precision of their product are on top priorities of several international players. Furthermore, expansion of their geographical presence by entering into developing markets is also a prime strategy incorporated by these companies. However, simplicity of device and low cost of production attracted several small companies to enter into the market to claim their share. The market is expected to become highly competitive further in coming years.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Sound Sensors market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Sound Sensors market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Type
  • Surface Acoustic Wave (SAW) sensor
  • Bulk Acoustic Wave (BAW) Sensor

Application
  • Automotive
  • Healthcare
  • Aerospace & Defense
  • Manufacturing & Processing
  • Consumer Electronics

Sensing Parameters
  • Temperature
  • Torque
  • Pressure
  • Mass
  • Humidity
  • Viscosity
  • Chemical Vapor

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Sound Sensors market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Sound Sensors market?
  • Which is the largest regional market for Sound Sensors market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Sound Sensors market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Sound Sensors market worldwide?
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