Global Acoustic Sensor Market 2020-2024 | Evolution of Smart Cities to Boost Market Growth | Technavio
LONDON--(BUSINESS WIRE)--Mar 2, 2020--
The acoustic sensor market is expected to grow by USD 366 million during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled Global Acoustic Sensor Market 2020-2024. (Graphic: Business Wire)
The evolution of smart cities, along with subsequent demand for Wi-Fi technology, will drive the market for acoustic sensors during the forecast period. The demand would be particularly favorable for BAW sensors as these devices help to filter the transmission of RF signals in Wi-Fi routers at higher frequencies. Government organizations worldwide are investing billions of dollars in the development of smart or connected cities. Smart cities will boost cellular network to facilitate robust service infrastructure. Moreover, this involves the setting up of new cellular base stations, new hotspot points, and revamped RF technology infrastructure, which will intensify the demand for acoustic sensors during the forecast period.
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As per Technavio, the advances in RF technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Acoustic Sensor Market: Advances in RF Technology
Advances in technology such as the shift to LTE, developments in manufacture and design processes, and shorter product life cycles are the major factors contributing to market growth. Continuous innovations in the design of RF components have resulted in enhanced filtering-efficiency and expanded the application of acoustic sensors across different electronic devices. The notable efficiency of the acoustic sensors used in electronic devices, such as smartphones and tablets, has also enhanced the experience of end-users.
“Factors such as the deployment of next-generation LTE wireless networks, growing adoption of IoT, and the introduction of automation in automobiles will have a positive impact on the growth of the acoustic sensor market value during the forecast period,” says a senior analyst at Technavio.
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Acoustic Sensor Market: Segmentation Analysis
This market research report segments the acoustic sensor market by application (SAW sensor and BAW sensor), end-user (telecom, automotive, consumer electronics and others), and geography (APAC, Europe, MEA, North America and South America).
The North America region led the acoustic sensor market in 2019, followed by APAC, Europe, MEA and South America. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the presence of a large number of smartphone users and the rising demand for mobile hotspot routers.
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Some of the key topics covered in the report include:
- SAW sensor
- BAW sensor
- Consumer electronics
- North America
- South America
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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PUB: 03/02/2020 06:00 AM/DISC: 03/02/2020 06:00 AM