Acoustic Sensors Market 2021 Strategic Assessments - Siemens AG, Transense Technologies plc, pro-micron GmbH, Honeywell Sensing and Productivity Solutions

The Acoustic Sensors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The acoustic sensors market was valued at USD 707.94 million in 2020 and is expected to reach USD 1750.19 billion by 2026, and grow at a CAGR of 14% over the forecast period (2021 - 2026).

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Top Leading Companies of Acoustic Sensors Market are Siemens AG, Transense Technologies plc, pro-micron GmbH, Honeywell Sensing and Productivity Solutions, Murata Manufacturing Co., Ltd., Vectron International, Inc. (Microchip technology Incorporated), ifm efector, inc., Dytran Instruments, Inc., Campbell Scientific, Inc. and others.

Industry News and Updates

February 2019 - Transense Technologies PLC announced the inclusion of its surface acoustic wave sensor in a new US Army turbine engine program through its strategic partner GE Aviation. The US Army plans to replace the engines in its Boeing AH-64 Apaches and Sikorsky UH-60 Black Hawks with the T901-GE-900 engine, which will incorporate the Transense SAW sensor.

July 2018 - Akoustis Technologies, Inc., a manufacturer of patented single-crystal bulk acoustic wave high-band RF filters for mobile and other wireless applications, completed the qualification of its first generation XBAW wafer technology and the underlying single crystal materials process at its Canandaigua, NY fabrication facility

Key Market Trends

Telecommunications Applications to Drive the Market Growth

- 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. In fact, according to a Cisco VNI Mobile report published in 2019, there will be significant growth of smartphones (including phablets) from 50 percent share of total devices and connections in 2017 to over 50 percent (54 percent) by 2022.

- Moreover, most of the telephone devices and other similar gadgets already have microphones/speakers installed, which support acoustic-sensing applications with a relatively low deployment cost.

- 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.

Regional Outlook of Acoustic Sensors Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Acoustic Sensors Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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