The sound sensor market revenue in 2022 was US$ 1,421.2 Million. The market is expected to reach US$ 2,426.5 Million by 2033, as it is estimated to grow at a CAGR of 5.1% for 2023-2033.
Attributes
Details
Estimated Year (2023) Market Value
US$ 1,470.9 Million
Projected Year (2033) Market Value
US$ 2,426.5 Million
CAGR% (2023 to 2033)
5.1%
Top 5 Vendor Market Share
Around 36%
Sound sensors are being widely used for quantifying physical parameters like acoustics or surface vibrations. Additionally, they can also measure or sense physical parameters such as pressure, temperature, humidity, viscosity, torque, mass and chemical vapor. These sensors are being widely used across various industry verticals and provide feedback to the centralized system and ensures the sanity of the systems.
Sound sensor market consists 25.8% of the global sensors market.
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2018 to 2022 Sound Sensor Market Demand Outlook Compared to 2023 to 2033 Forecast
Sound sensor market is estimated to grow at a CAGR of 5.1% for the forecast period compared to the historic CAGR for the period 2018 to 2022 of 2.4%.
Rising demand for high-performance & dependable sensors across varied industry verticals like healthcare, consumer electronics, aerospace, and defense together with growing penetration of sound sensors in manufacturing new-tech systems such as advanced driver assistance systems are the key factors analyzed to positively influence the market growth of sound sensors in the coming future.
Furthermore, the ability of sound sensors to detect acoustic emission and ultrasonic sounds in underwater & air-based systems is one of the key reasons ensuring their widespread utilization in a variety of applications in the coming future.
Growing advancement in The Automotive Industry Is Accelerating the Growth of the Sound Sensor Market
Rising investment, combined with increased demand for luxury vehicles, is motivating automakers to introduce more sophisticated and feature-rich vehicles, accelerating the demand for sound sensors in the automotive industry.
Furthermore, the healthcare industry is incorporating sound sensors into various health care appliances. Sound sensors have become widespread in medical and healthcare devices in recent years, and the popularization of sensors in consumer devices are some of the primary factors driving sound sensor market growth.
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Regional Analysis
North American region is analyzed to dominate the global sound sensor market with the share of 23.3% in 2022 and South Asia Pacific region is growing at the fastest rate in the global sound sensor market with the CAGR of 6.7% during the forecast period of 2022 to 2032.
Increasedindustry automation, smart homesand the rising demand foradvanced vehicle systems are the reason behind the increased adoption of the sound sensors in the region. Additionally,governmental investments in the aerospace & defense sectors are also a key reason behind the growing adoption of the sound sensors in the region.
Furthermore, the presence of major market players such as MaxBotix, Inc. and CTS Corporation is positively influencing the adoption of sound sensors in North American region.
The growing trend of industry 4.0 and the use of robotics for a variety of purposes in manufacturing, stockand other units is expected to drive themarket growth in South Asia & Pacific region.
Additionally, technological advancement in the wireless technologyand integration in the telecommunications &information technologyindustries are expected to create lucrative opportunities for the adoption of sound sensors in the near future in South Asia & Pacific region.
Country wise insights
Rising Trends Toward Miniaturized Sensors Are Accelerating the Growth of Sound Sensor in US Market
US region is analyzed to dominate the global sound sensor market with the share of 12.4% in 2022.
This market growth can be attributed to the various factors such as miniaturized sensor development to ensure cost-effectiveness & efficiency, rising demand for customized & ready-to-use applications, and so on.
Furthermore, ultrasonic sensors are widely used since they can easily measure critical human body vitals & provide accurate results in real-time leading to the increased use of sound sensors in the healthcare sector.
Increasing Trends Towards Cloud-based Technologies Is Providing Lucrative Environment for the Growth of Sound Sensor Market in India
India is growing at the fastest rate with the CAGR of 7.8% in the global sound sensor market, owing to the various factors such as rising consumer economic capability combined with the increased demand for smart devices, smart automotive & consumer electronics and so on.
Increased Spending in the Security & Defence Sectors is driving the Growth of Sound Sensor Market in China
China holds the second largest share of 9.5% in the global sound sensor market due to its developed industrial segment and increased security spending is expected to hold the majority of the market share. The high spending indicates a sophisticated and efficient implementation of sensors across multiple fronts in order to establish a significant technological and intelligence advantage over competitors.
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Category wise Insights
Why Surface Acoustic Wave (SAW) segment in Sound Sensor Market is growing at highest CAGR during the forecast period of 2023-2033?
Surface acoustic wave (SAW) technique has been widely used in a variety of industries, such as aerospace, telecommunications, and automotive. The most common application is in electrical components known as SAW filters, which are fundamental radio frequency (RF) circuit components. SAW devices are being widely used to detect chemicals and measure humidity, pressure, and temperature.
For these reasons, surface acoustic wave (SAW) segment in sound sensor market held the largest share of 56.3% for 2022 by component.
Why Low Frequency Detection Segment Has the Larger Market Share in the Sound Sensor Market?
Low frequency detection segment is analyzed to dominate the sound sensor market with the share of 59.9% in the sound sensor market owing to the factors such as its applicability in a variety of applications like gas turbine engines and rocket engine combustion instability testing, cryogenic fuel pulsations, hydraulic pump evaluation, helicopter health and usage monitoring (HUMS).
Why Healthcare Technology Segment in Sound Sensor Market holds the largest share?
The healthcare technology segment in sound sensor market holds the largest share of 24.1%, attributed to the rising demand for biosensors & audio sensors in the healthcare domain for tracking the health & recovery of the patient leading to the rising demand for sound sensors in healthcare technology in 2022.
Competitive Landscape
Increasing use of advanced sensors in various applications are arousing the demands for sound sensor.
In January 2021, Teledyne Marine had launched an ultra-compact modem with sound sensors. It is an OEM version of ultra-compact modem, the smallest acoustic modem that has ever been designed. This Ultra Marine Compact modem is lightweight, proven Sensor, low power and can perform high on marine platforms.
In December 2021, Sonotec had launched an Acoustic Camera "SONASCREEN." It is equipped with sound sensors and assists in maintaining workflow & elevating it to a higher level of efficiency & accuracy.
Scope of report
Attribute
Details
Market value in 2022
US$ 1,421.2 Million
Market CAGR 2023 to 2033
5.1%
Share of top 5 players
Around 36%
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Million for Value
Key Regions Covered
North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa
Key Countries Covered
USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa
