Global Acoustic Sensors Market to Grow at a CAGR of over 10% by 2025 - Driven by Evolution of Smart Cities - Technavio

NEW YORK, May 11, 2021 /PRNewswire/ --

The "Acoustic Sensors Market by Application, End-user, and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.

The acoustic sensors market is poised to grow by USD 377.41 million between 2021-2025, progressing at a CAGR of over 10% during the forecast period. 

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To understand the functioning of the cities and offer better services to the citizens, city planners use location-based services in smart cities. This involves setting up of new cellular base stations, new hotspot points, and revamped RF technology infrastructure. Smart cities depend on public Wi-Fi networks to render services such as access to education, healthcare, infrastructure management, traffic management, safety and security, and waste and water management. Smart cities will boost cellular networks to facilitate robust service infrastructure. These factors increase the demand of acoustic sensors, which in turn, drives the market growth.

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COVID-19 is expected to have Negative and Inferior impact on the acoustic sensors market. Even if the spread of virus is contained, we expect it to tak more than two quarters (six months) to reach a normal state of economic activity. In the short term, the market demand will show At Par growth.

36% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the acoustic sensors market in APAC. Market growth in this region will be faster than the growth of the market in regions. the acoustic sensors market growth in APAC can be attributed to the presence of a large number of smartphone users and the rising demand for mobile hotspot routers

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

Know About the Key Opportunities and Growth of Acoustic Sensors Market in Electrical Components & Equipment Industry

https://www.technavio.com/report/acoustic-sensors-market-industry-analysis

The acoustic sensors market is segmented 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 telecom sector segment will have the largest market share of acoustic sensors market in near future. Moreover, increasing use of RF components, including acoustic sensors to support different standards, applications, band combinations, and mobile operators' requirements will also boost the growth.

The acoustic sensors market is concentrated and the vendors are deploying growth strategies such as M&A to compete in the market.

Key Market Dynamics:

Market Driver

• Proliferation of smartphones and tablets
• Evolution of smart cities
• Advances in RF technology

Market Challenges

• Increasing complexity of RF
• Intense competition among vendors
• Cyclical nature of the semiconductor industry

Companies Mentioned

• 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.
• Siemens AG

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Photonic Sensor Market by Type, Application, and Geography - Forecast and Analysis 2021-2025: The photonic sensor market size has the potential to grow by USD 20.29 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 17.83%. To get extensive research insights: Download Our Exclusive Sample Report 

Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by End-user
• Market Segmentation by Application
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report: https://www.technavio.com/report/acoustic-sensors-market-industry-analysis

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