Sound Sensors Market Size, Competitive Landscape and Market Forecast - 2029
Global Sound Sensors Market is segmented By Specification (Low-frequency detection, High-frequency detection), By End-User Industry (Healthcare, Aerospace, and Defense, Automotive, Consumer Electronics, Manufacturing), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
150 pages report analyses the global sound sensors market size, recent trends, competitive intelligence and future market outlook. The market is expected to grow at a CAGR of 4.90 % until 2029. The demand for the autonomous automobile industry worldwide is raising market growth. The competitive rivalry intensifies with CTS Corporation, GE Measurement & Control Solutions, Maxbotix, Inc., Rockwell Automation, Inc. and others operating in the market.
Sound Sensors Market Scope And Summary
|
Metrics |
Details |
|
Market CAGR |
4.90% |
|
Segments Covered |
By Specification, By End-User Industry and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
|
Fastest Growing Region |
Asia Pacific |
|
Largest Market Share |
North America |
To Get a Free Sample Click here
Due to the growing demand for autonomous automobiles all around the world, will grow the market for Sound sensors in the forecast period.
The sound sensor module provides an easy way to detect sound and is generally used for detecting sound intensity. This module can be used for security, switch, and monitoring applications. Its accuracy can be easily adjusted for the convenience of usage. It uses a microphone that supplies the input to an amplifier, peak detector, and buffer. When the sensor detects a sound, it processes an output signal voltage sent to a microcontroller then performs necessary processing.
The report covers all the major trends and drivers playing a key role in the growth of the Sound Sensors market. The sound Sensors market is segmented by Specification, End-User Industry, and Region.
Sound Sensors Market Dynamics And Growth
The global Sound Sensors are primarily driven by the growth in the autonomous automobile industry worldwide. With the rise in the demand for electric vehicles, EV production has grown widely across all the major countries. Also, the rising connectivity in this connected world due to the popularity of autonomous automobiles, using sensors in the car for car health analysis, makes the distance between two vehicles. Hence, a requirement in autonomous vehicles will grow the market for Sound sensors in the forecast period.
Security systems rely on smart sensors technologies and hence have become an essential part of military systems. The rise in military budgets worldwide is expected to grow the market for Sound sensors for the forecast period. For instance, according to the Stockholm International Peace Research Institute (SIPRI), total world military expenditure rose to $1,822 billion in 2018, representing an increase of 2.6 percent from 2017. The five biggest spenders in 2018 were the United States, China, Saudi Arabia, India, and France, which accounted for 60% of global military spending.
However, due to the concern regarding the surface acoustic wave sensors being substituted by other sensors in the application and low mass sensitivity. Are some factors that will be hampering the growth of Sound Sensors in the forecast period.
Sound Sensors Market Segment Analysis
By Specification, the global Sound Sensors market is segmented into High-frequency detection (>20,000 Hz) and Low-frequency detection (<20,000 Hz). High-frequency detection (>20,000 Hz) has the dominant position in the Sound Sensors market and is expected to retain its dominance in the forecasted period. They have wide applications in the military and civil applications. They are also known as ultrasonic sensors. Rising demand for Sound sensors in autonomous vehicle sensing has acquired the largest market share for North America, followed by Europe due to large car manufacturers. It is expected that the High-frequency detection (>20,000 Hz)Sound Sensors market will grow at a CAGR of ~XX% during the forecast period.
By End-User Industry, the global Sound Sensors market is segmented into Healthcare, Aerospace & Defense, Automotive, Consumer Electronics, Manufacturing, and Others. Passive Sound sensors have a dominant position in the Sound Sensors market. However, with the wide application of ultrasonic sound sensors in the healthcare industry, it is expected to grow the Sound sensors market with higher CAGR in the forecast period.
Sound Sensors Market Geographical Analysis
By geography, the global Sound Sensors market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
APAC holds the largest market share for Sound Sensors due to the high demand for various Sound Sensors in countries like India and China because of the rise in the automotive industry. Moreover, the high demand for electronics like mobile, tablets is also driving the market for the region. And hence there is a rise in the production of electronics in countries like India. For instance, according to the Indian Cellular Association (ICA), mobile phones' annual production had increased from 3 million devices in 2014 to 11 million devices in 2017. India now accounts for 11 percent of global mobile production, which was only 3 percent in 2014.
North America is after APAC in terms of the market share of Sound Sensors. The rise of Oil & gas exploration in the region will be the major driver for the Sound sensors market in the forecast period. For instance, Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. In December 2018, monthly U.S. crude oil production reached 11.96 million b/d, the highest monthly level of crude oil production in U.S. history. U.S. crude oil production has increased significantly over the past ten years, driven mainly by production from tight rock formations using horizontal drilling and hydraulic fracturing.
Sound Sensors Companies and Competitive Analysis
Key players are adopting strategies such as investing in R&D, new product launches, expansion in Technology to stand out as strong competitors in the market. Global Sound Sensors is a competitive market with various global and regional players in the market. The major players CTS Corporation, GE Measurement & Control Solutions, Maxbotix, Inc., Rockwell Automation, Inc., Siemens AG, ST Microelectronics Inc., Robert Bosch Gmbh, Panasonic Corporation, Brüel&Kjaer GmbH, Teledyne Technologies Incorporated, and among others.
In July 2019, Germany-based company, Toposens recently announced the release of their current flagship product TS3, a 3D ultrasonic sensor suitable for a wide range of applications in the autonomous systems market that require a strong need for reliable object detection and situational awareness. It, therefore, creates an entirely new way of ultrasonic sensing for autonomous systems. Toposense also claims that TS3 can serve as the perfect technology platform for developing next-level mass-market vehicles in robotic and even automotive use cases like automated parking and next-level ADAS functionality.
In February 2019, GRAS Sound & Vibration, the world leader in automotive acoustic sensors, announced the launch of the GRAS 147AX CCP Rugged Pressure Microphone for engine noise testing and the GRAS 147EB CCP X-Rugged Microphone for wheelhouse brake noise testing. With the versatile GRAS 146AE CCP Free-field microphone, GRAS now has the strongest and most comprehensive range of microphones for all automotive NVH applications.
Frequently Asked Questions
What is the Sound Sensors Market growth?
The market is growing at a CAGR of 4.90%.
What is Sound Sensors Market size in 2021
The Sound Sensors Market size was valued at USD YY million in 2021.
Who are the key players in Sound Sensors Market?
GE Measurement & Control Solutions, Maxbotix, Inc, Rockwell Automation, Inc, Siemens AG, ST Microelectronics, Inc., Robert Bosch Gmbh, Panasonic Corporation.