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(IT-NEWSWIRE.COM, October 16, 2019 ) Market Overview
Due to the growing demand for the autonomous automobiles all around the world, will grow the market for the Sound sensors in the forecast period.
The sound sensor module provides an easy way to detect sound and is generallyused for detecting sound intensity. This module can be used for security, switch, andmonitoring applications. Its accuracy can be easily adjusted for the convenience ofusage.It uses a microphone which supplies the input to an amplifier, peak detector, andbuffer. When the sensor detects a sound, it processes an output signal voltage which issent to a microcontroller then performs necessary processing.
Thereport covers all the major trends and drivers playing a key role in the growth of the Sound Sensors market.Sound Sensors market is segmented by Specification, End-User Industry, and Region.
Market Dynamics
The global Sound Sensors is primarily driven by the growth in the autonomous automobile industry all around the world. With the rise in the demand of the electric vehicle, the production of the EV has grown widely across all the major countries. Also, the rising connectivity in this connected world due to the popularity of autonomous automobiles, with the use of sensors in the car for car health analysis, making the distance between two vehicles and hence, requirement in autonomous vehicles will grow the market for Sound sensors in the forecast period.
Security systems rely on smart sensors technologies and hence have become the essential part of military systems. The rise in military budgets all around the world is expected to grow the market for the Sound sensors for the forecast period. For instance, according to the Stockholm International Peace Research Institute (SIPRI), total world military expenditure rose to $1,822 billion in 2018, representing an increase of 2.6 percent from 2017. The five biggest spenders in 2018 were the United States, China, Saudi Arabia, India, and France, which together accounted for 60% of global military spending.
However, due to the concern regarding the surface acoustic wave sensors being substituted by other sensors in the application and low mass sensitivity.are some factors that will behampering the growth of Sound Sensors in the forecast period.
Market Segmentation
By Specification, the global Sound Sensors market is segmented into High-frequency detection (>20,000 Hz), and Low-frequency detection (20,000 Hz)have the dominant position in the Sound Sensorsmarket and is expected to retain its dominance in the forecasted periodas they have wide application in the military and civil application.They are also known as ultrasonic sensors.Rising demand for Sound sensors in autonomous vehicle sensing has acquired largest market share for North America followed by Europe due to the presence of large car manufacturers there.It is expected that High-frequency detection (>20,000 Hz)Sound Sensorsmarket will grow at a CAGR of ~XX% during the forecast period.
By End-User Industry, the global Sound Sensors market is segmented into Healthcare, Aerospace & Defense, Automotive, Consumer Electronics, Manufacturing, and Others. Passive Sound sensorshavea dominant position in the Sound Sensors market. Although withthe wide application of ultrasonicSound sensors in the healthcare industry is expected togrowthe Sound sensors market with higher CAGR in the forecast period.
Geographical Analysis
By geography, the global Sound Sensorsmarket is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
APAC holds the largest market share for Sound Sensors due to the high demand for various Sound Sensors in countries like India and China because of the rise in the automotive industry. Moreover, the high demand for electronics like mobile, tablets, is also driving the market for the region. And hence there is a rise in the production of electronics in countries like India. For instance, according to the Indian Cellular Association (ICA), the annual production of mobile phones within the country has increased from 3 million devices in 2014 to 11 million devices in 2017. India now accounts for 11 percent of global mobile production, which was only 3 percent in 2014.
North America is after APAC in terms of the market share of Sound Sensors the rise of Oil & gas explorationin the region will be the major driver for the Sound sensors market in the forecast period. For instance, Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. In December 2018, monthly U.S. crude oil production reached 11.96 million b/d, the highest monthly level of crude oil production in U.S. history. U.S. crude oil production has increased significantly over the past ten years, driven mainly by production from tight rock formations using horizontal drilling and hydraulic fracturing.
Competitive Analysis
Key players are adopting strategies such as investing in R&D,new product launches, expansion in Technologyto stand out as strong competitors in the market. Global Sound Sensors is a competitive market with the presence of various global and regional players in the market. The major players CTS Corporation, GE Measurement & Control Solutions, Maxbotix, Inc., Rockwell Automation, Inc., Siemens AG, ST Microelectronics Inc., Robert Bosch Gmbh, Panasonic Corporation, Brόel&Kjaer GmbH, Teledyne Technologies Incorporated, and among others.
In July 2019, Germany based company, Toposens recently announced the release of their current flagship product TS3, a 3D ultrasonic sensor suitable for a wide range of applications in the autonomous systems market that require a strong need for reliable object detection and situational awareness.It, therefore, creates an entirely new way of ultrasonic sensing for autonomous systems.Toposense also claims that TS3 can serve as the perfect technology platform for developing next-level mass-market vehicles in robotic and even automotive use cases like automated parking and next-level ADAS functionality.
In February 2019, GRAS Sound & Vibration, the world leader in automotive acoustic sensors, today announced the launch of the GRAS 147AX CCP Rugged Pressure Microphone for engine noise testing and the GRAS 147EB CCP X-Rugged Microphone for wheelhouse brake noise testing. Together with the versatile GRAS 146AE CCP Free-field microphone, GRAS now has the strongest and most comprehensive range of microphones for all automotive NVH applications.
View full sample report: https://www.datamintelligence.com/research-report/sound-sensors-market
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