Acoustic Sensors Market Forecasts to 2028 – Global Analysis By Wave Type (Surface Wave Sensors (SWS), Bulk Wave Sensors (BWS)), Sensing Parameter (Chemical Vapour, Torque, Temperature, Viscosity, Pressure), and By Geography

Acoustic Sensors Market Forecasts to 2028 – Global Analysis By Wave Type (Surface Wave Sensors (SWS), Bulk Wave Sensors (BWS)), Sensing Parameter (Chemical Vapour, Torque, Temperature, Viscosity, Pressure), and By Geography

According to Stratistics MRC, the Global Acoustic Sensors Market is accounted for $92.66 million in 2022 and is expected to reach $135.20 million by 2028 growing at a CAGR of 6.5% during the forecast period. Acoustic sensors are known for their detection mechanism, which is an acoustic wave. These sensors are widely used in smart phones and base stations in the telecommunication industry. Under the process, the acoustic wave travels through the surface of the material used. Thus, any change in proliferation path would affect the velocity and amplitude of the acoustic wave. Velocity change can be monitored by checking the frequency and phase properties of the sensor used. Thus, it can be matched with the physical quantity being measured.

The revenues from the IoT sensors market amounted to over 11.9 billion U.S. dollars worldwide in 2019, with forecasts predicting that this number will increase to about 43 billion by 2025. Indeed, in 2019 almost 147 million units were sold globally and sales for 2020 are expected to be 10% higher still. Quite simply, smart speakers have reached an astonishing level of capability for recognizing what we say. Although speculation remains as to exactly how much they are listening to and what the collected data are used for, there is no doubt that the voice-recognition technology is amazing in its accuracy. This comes down to ultrasensitive acoustic sensors and sophisticated machine-learning algorithms interpreting speech.

Market Dynamics:

Driver:
Adoption of bulk acoustic sensors in automobile and commercial industries

Bulk acoustic wave devices are in commercial use since many long years. These consist of automotive applications, medical applications, industrial and commercial applications (vapor, humidity, temperature, and mass sensors). Bulk Acoustic resonators and filters are expansively used in radiofrequency, front-end filtering at UHF frequencies. Their small size, good quality power handling capabilities, and high-class factors make them ideal for applications. As automobile sectors started to acquire more digital capabilities, they are depending on a rising number of wireless technologies to communicate with the external world. Besides, many vehicles have implemented maintain of LTE data connections and function as small Wi-Fi hotspots. In the upcoming years, the long-planned goal of vehicle-to-vehicle and vehicle-to-infrastructure communications is finally expected to become a reality with the usage of higher-frequency bands.

Restraint:
Higher cost of bulk acoustic wave sensors in the market
With the broad explosion of 4G LTE and wireless networks around the globe, the innovative wave spectrum is required to handle the immense wireless traffic. Acoustic sensors usually distribute better-quality performance with lower insertion loss at higher frequency levels. However, the cost of acoustic sensors is superior compared to other acoustic sensors such as SAW (Surface Acoustic sensor). And the expensive nature of the acoustic sensors is hindering the market's growth to a certain extent.

Opportunity:

Rising demand for acoustic sensor technology in 5G infrastructure
Acoustic Sensors technology is used to construct an innovative generation of radio frequency filters due to the higher frequencies and broader bandwidths associated with 5G. These filters are piezoelectric-based acoustic resonators in which the characteristics of a slight film piezoelectric material control the frequency and bandwidth of the filter. The film's thickness, the piezoelectric element's geometry, and characteristics of the accompanying electrodes play a role in determining the band-pass frequency of the RF filter in BAW devices. Due to the band-pass frequency's reliance on film thickness, BAW devices can filter frequencies higher than conventional surface acoustic wave (SAW) RF filters. The global rollout of 5G and the rapid expansion of the Internet of Things is creating significant challenges in RF filtering technologies. Many market players have recently introduced BAW filters for 5G enabled front-end modules for better performance and higher reliability.

Threat:

Cumulative growth analysis

The acoustic wave sensor market is witnessing a stable stream of demand during the forecast period. The high requirement of acoustic wave sensor material in the surface acoustic wave market enables more growth. However, certain restraints will hamper the growth. The high cost, sensitivity and compact size of acoustic wave technology sensors are significant issues in this market. Therefore, the overall growth seems consistent with some restrictions.

Covid-19 Impact

The global Acoustic Sensors market cautiously examine the difference in the global outlook owed to COVID - 19 taking into account its contact on supply chain, economy, and consumer preferences by country and region. The report identifies competitive strategies being implemented and planned by key companies in the Acoustic Sensors market to counter adverse effects and take advantage of the new opportunities created by the pandemic situation. Different scenarios based on expected containment of the virus in the medium to long term are considered to provide Acoustic Sensors market forecasts. The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.

The Surface Wave Sensors segment is expected to have the highest CAGR during the forecast period

Surface acoustic wave (SAW) sensors are used to sense the incidence of any alteration in frequency of a variety of parameters such as temperature, pressure, torque, chemical vapors, etc. When the acoustic wave produced due to these parameters are subjected to pass corresponding to the piezoelectric substrate of SAW sensor from one electrode to another electrode. The disparity in their frequency, velocity and attenuation of the SAW is sensed by the molecules present in the substrate coating. Therefore, SAW sensors are used to sense and specify the change in the concentration of a specific chemical in the environment

The food type segment is expected to be the largest during the forecast period

Acoustic respiration sensors permit healthcare providers and clinicians to keep an eye on patient's breathing instantaneously. It is a non-insidious technology that aids in the early recognition of respiratory suffering in patients. This technology employs novel adhesive sensors with an acoustic transducer, allowing for continuous monitoring of breathing patterns. The product is helpful for identifying rising respiratory disorders and providing patients with prompt therapeutic responses to reduce the risk of dangerous respiratory events. Growing demand for non-invasive technology devices is likely to open various avenues of expansion in the market in the approaching period.

Region with highest share:

In acoustic sensor market, North America is anticipated to hold the largest market share in the during the forecast period. Technological advancements, low manufacturing cost, and wireless and passive nature of the products are the main drivers of the beneficial growth of acoustic wave sensors. The use of acoustic wave sensors in military segment is a key feature dependable for the growth of the region. The US military runs laboratories to provide superior technologies to its militants. The automotive industry is a most important development driver of the acoustic wave sensor in North American region.

Region with highest CAGR:

The Asia Pacific is expected to control the global acoustic market owing to the extensive adoption of acoustic sensor products in the automotive and consumer electronics industry. Developing countries are expected to hold the largest CAGR in the acoustic sensor market in the Asia Pacific region. In addition, the rising countries in the Asia Pacific are expected to generate lucrative growth opportunities for the manufacturers. This factor is proposed to drive the growth of the acoustic sensor market. Asia Pacific region is expected to be the fastest growing global acoustic sensor market and primarily due to an increase in the application of acoustic sensor in smart phones and smart watch in the consumer.

Key players in the market

Some of the key players in this Market are Pro-Micron GmbH & Co. Kg, Cognizant Corporation, Panasonic, Honeywell Sensing & Control, Boston Piezo-optics Inc., Kyocera, Campbell Scientific, Inc., Vectron International Inc., Siemens Process Instrumentation, Halliburton, IFM Efector, Inc., TDK Corporation, SENSeOR SAS, Raltron, Dytran Instruments, Inc., Hubbell Lighting, Murata Manufacturing Co. Ltd, Schlumberger.

Key Developments:

In April 2016,sensor consented to an organization arrangement with Clere Electronics Limited (UK) to circulate SENSeOR's remote aloof SAW sensors and observe answers for applications in energy and the modern area.
In April 2016, SENSeOR signed a partnership agreement with Clere Electronics Limited (UK), for distributing SENSeOR’s wireless passive SAW sensors and its monitoring solutions for applications in energy and the industrial sector.

Wave Types Covered:
• Surface Wave Sensors (SWS)
• Bulk Wave Sensors (BWS)

Sensing Parameter Covered:
• Chemical Vapour
• Torque
• Temperature
• Viscosity
• Pressure
• Humidity
• Mass
• Other Sensing Parameters

Application Covered:
• Industrial
• Consumer Electronics
• Automotive
• Healthcare
• Aerospace & Defense
• IT & Telecommunication
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements