LONDON--(BUSINESS WIRE)--Technavio has been monitoring the acoustic sensors market and it is poised to grow by USD 366 mn during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. 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., and Siemens AG. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The evolution of smart cities has been instrumental in driving the growth of the market.
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Acoustic Sensors Market 2020-2024: Segmentation
Acoustic Sensors Market is segmented as below:
- SAW Sensor
- BAW Sensor
- Consumer Electronics
- North America
- South America
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Acoustic Sensors Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our acoustic sensors market report covers the following areas:
- Acoustic Sensors Market Size
- Acoustic Sensors Market Trends
- Acoustic Sensors Market Industry Analysis
This study identifies advances in RF technology as one of the prime reasons driving the acoustic sensors market growth during the next few years.
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Acoustic Sensors Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist acoustic sensors market growth during the next five years
- Estimation of the acoustic sensors market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the acoustic sensors market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of acoustic sensors market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- SAW sensor - Market size and forecast 2019-2024
- BAW sensor - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by End-user
- Market segments
- Comparison by End user placement
- Telecom - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Consumer electronics - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End user
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendor Analysis
- Market positioning of vendors
- 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
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.