Sound Sensors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Sound Sensors Market covers analysis by Type, Applications, End-users, and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPTE100000165
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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Microphones or sound sensors are the devices that sense the changes in the sounds in its surroundings and then produces an output in the required form accordingly. The output could be in the digitized form. The sound is sensed by the sensor using various techniques, such as whenever there is a change in the air pressure, this pressure based changes instigate the device and it produces the output in the required form. The output can be stored or analyzed as per the requirement of the industrial application. Sound sensors are also popular as acoustic sensors and are useful as they can sense sounds that are difficult for human ears to sense. The marine industry finds its applications of using sound sensors at varying places. Besides the marine industry, sound sensors are also being used in the healthcare industry. The sound sensing devices have the potential to detect bone fractures.

The primary driver for this market is the increasing application development besides product development. The customized and easy-to-use applications have propelled the growth in the application of such technologies. The other drivers for this market include rising demand of reliable, high performance and cheaper sensors which have been driven by various factors towards miniaturization. In addition, factors such as evolving inclination towards telecommunication market, low manufacturing cost and progress in various application segments are touted as the factors driving this market.

The restraints for this market include the concern regarding the surface acoustic wave sensors being substituted by other sensors in application and low mass sensitivity. Nevertheless, development of wireless technology and telecom infrastructure have expected to create larger opportunities for sound sensors market in the near future.

The global sound sensor market is fragmented on the basis of types into sound acoustic wave (SAW) sensor and bulk acoustic wave (BAW) sensor. Furthermore, application wise, this market can be segmented into several industries such as automotive, healthcare, aerospace & defense consumer electronics and industrial. The progress in automotive industry has further boosted the growth of sound sensor market as a result of increasing concern for safety among vehicle manufacturers. Automotive industry is expected to remain leading applicant for sound sensor throughout the forecast period. Also, due to the technical advantages offered many more market players are expected to enter in this market. On the basis of sensing parameters, the global sound sensor market can be separated into pressure, mass, temperature, humidity, viscosity, torque and chemical vapor.

North American region holds largest market share globally for the sound sensor market and is expected to maintain its dominance over the forecasting period. Western Europe region is also leading the market in terms of revenues generated as most of the acoustic wave sensor manufacturers are located in this region. Moreover, Asia-Pacific region is expected to grow speedily over the forecasting period because of improving economies in this region and substantial development primarily in the automotive industry.

The major players in global sound sensor market are API Technologies Corp, Honeywell International Inc., Teledyne Microwave Solutions, Vectron International, CTS Corporation, Boston Piezo-optics INC., Phonon Corporation, Panasonic Corporation, CeramTec and Epson Toyocom Corporation among others. REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Companies Mentioned
API Technologies Corp
Honeywell International Inc.
Teledyne Microwave Solutions
Vectron International
CTS Corporation
Boston Piezo-Optics INC.
Phonon Corporation
Panasonic Corporation
CeramTec
Epson Toyocom Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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