According to a new research report on the acoustic sensor market, published by Transparency Market Research), the global acoustic sensor market is expected to reach US$ 2,019.31 Mn by 2026, expanding at a CAGR of 17.19% from 2018 to 2026. According to the report, the global market is likely to continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period.
In terms of demand, Asia Pacific is projected to continue to lead the global market, with the market in the region expanding at a CAGR of more than 18% between 2018 and 2026. The acoustic sensor market is expected to witness significant growth during the forecast period, due to continuously increasing usage of acoustic sensors in consumer electronics, underwater applications, and the telecommunication industry across the globe.
Rising Number of Acoustic-based Micro Electrical Mechanical System (MEMS) Devices Driving the Global Acoustic Sensor Market
Micro electrical mechanical system (MEMS) has been identified as one of the most promising technologies of the 21st century and it has potential to revolutionize both industrial and consumer products by combining silicon-based microelectronics with the micromachining technology. New, acoustic-wave-based MEMS devices are offering a promising technology platform for a wide range of applications due to their high sensitivity and capability to operate wirelessly.
Acoustic-wave-based biosensors are film bulk acoustic-wave resonators (FBAR), SAW resonators, and delay lines. There has been increasing attention toward development of miniature, portable, and low-cost biosensors fabricated by using the MEMS technology over the last few years. For biological applications, the acoustic wave device is integrated in a microfluidic system and the sensing area is coated with a bio-specific layer. Recent technological advancements in MEMS processes have facilitated fabrication of thin, piezoelectric films and integration of acoustic wave-based devices and electronics on a common silicon substrate.
Global Acoustic Sensor Market: Scope of Report
The global acoustic sensor market has been broadly segmented based on wave type, sensing parameter, and end-use industry. According to the research study, among wave types, the bulk wave segment held the maximum market share and the trend is anticipated to continue during the forecast period. The segment is anticipated to register a CAGR of more than 19% from 2018 to 2026. In bulk acoustic wave (BAW) sensors, the acoustic wave travels through the interior (or ‘bulk’) of the piezoelectric substrate.