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Bioacoustics Sensing Market Top Level Major Players Matsushita Electric Industrial,IBM, Panasonic Corporation, Honeywell, Pacesetter, Samsung Electronics, Medacoustics, Remon Medical Technologies, Avisoft Bioacoustics, AT&T

04-25-2019 01:57 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights (CMI)

Bioacoustics Sensing

Bioacoustics Sensing

Bioacoustics is branch of science that combines biology and acoustics. It is associated with the production, control, transmission, reception, and effects of sound on animals as well as humans. Major factors driving growth of the bioacoustics sensing market include growing awareness and worldwide acceptance of artificial intelligence. Report of the U.S. (GAO) Government Accountability Office estimated that, revenue from AI is projected to account for US$ 25 billion to over US$ 40 billion by 2025, from US$ 5 billion in 2017. Artificial intelligence is majorly used in wearable and connected devices, which are products used in bioacoustics sensing technology.

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Additionally, the adoption of bioacoustics sensing technology is increasing in the healthcare sector due to various applications such as improving human comfort, convenience, and security as well as monitoring health conditions. Bioacoustics sensors are used for constant observation and monitoring of blood pressure, respiratory system, and stamina.

Bioacoustics sensing is also used for biodiversity monitoring, which is used to determine the state of environment. It has been found that using bioacoustics sensing in biodiversity is non-destructive as it does not cause any harm to any life form on earth while in use. This in turn, has increased its adoption in this biodiversity monitoring sector. It is also used in agricultural and forestry for increasing production. Bioacoustics sensing encourages farming practices that are able to maintain high level of environment. It helps to locate plant species and monitors plant growth.

North America holds the largest share of the global bioacoustics sensing market, owing to high adoption of advanced technologies and artificial intelligence in countries such as the U.S. and Canada. According to report by weforum (World Economic Forum), global income from AI is expected to grow to over US$ 47 billion in 2020, from around US$ 8 billion in 2016. Europe is considered as the second-largest market after North America due to growing adoption of wearable technology and advanced technologies such as bioacoustics sensing in the region.

Major players operating in the global bioacoustics sensing market include Matsushita Electric Industrial, Panasonic Corporation, Honeywell, Pacesetter, Samsung Electronics, Medacoustics, Remon Medical Technologies, Avisoft Bioacoustics, MSI Transducers Corporation, Materials Systems Inc., AT&T, and IBM.

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Segmentation of Bioacoustics Sensing Market

Bioacoustics sensing market segmented on the basis of software, hardware, application, and region.

On the Basis of Software
-Sound Analytics
-Video Streaming Software
-Automated Identification
-Audio Editing Tools
-Other Sound Related Software
-Recording Software
-Visual Comparison Software
-Audio Analysis Plugins

On the Basis on Hardware
-Microphones
-Detectors
-Ultra Sound Recorders
-Sound Recorders
-Instrument Recorder
-Computing Devices
-Other

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