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The acoustic sensors market is projected to grow by USD 377.41 million with a CAGR of 10%, during the forecast period 2020 to 2025.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (telecom, automotive, consumer electronics, and others), application (SAW sensor and BAW sensor), and geography (North America, APAC, Europe, MEA, and South America).
The acoustic sensors market report also offers information on several market vendors, including Boston Piezo-Optics Inc., Campbell Scientific Inc., CeramTec GmbH, CTS Corp., Dytran Instruments Inc., Honeywell International Inc., KYOCERA Corp., Murata Manufacturing Co. Ltd., Panasonic Corp., and Siemens AG among others.
Boston Piezo-Optics Inc. - The company offers custom and OEM-specified piezoelectric transducer crystals. Applications of these piezoelectric transducer crystals include acoustic holography, non-destructive testing and evaluation, acousto-optical components, pressure transducers, flow, and level sensing, and others. Under the unified segment, the company is involved in manufacturing and marketing piezoelectric components, SAW substrates, optical components, and materials.
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Technavio categorises the global acoustic sensors market as a part of the global electronics market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Acoustic Sensors Market Driver
Key Acoustic Sensors Market Challenge
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our In-house experts produce extensive information on the value chain and parent market of the acoustic sensors market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for acoustic sensors in APAC. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The market share growth by the telecom segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Acoustic Sensors Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
Market growth 2021-2025 |
$ 377.41 million |
Market structure |
Concentrated |
YoY growth (%) |
10.10 |
Regional analysis |
North America, APAC, Europe, MEA, and South America |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, UK, and Japan |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Boston Piezo-Optics Inc., Campbell Scientific Inc., CeramTec GmbH, CTS Corp., Dytran Instruments Inc., Honeywell International Inc., KYOCERA Corp., Murata Manufacturing Co. Ltd., Panasonic Corp., and Siemens AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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