APAC Acoustic Sensors Market Size (2024 - 2029)

The Asia Pacific acoustic sensors market is poised for significant expansion, driven by advancements in acoustic-wave-based MEMS devices that offer high sensitivity and wireless operation capabilities. The market's growth is particularly notable in the surface wave acoustic sensor segment, which is increasingly utilized in broadcasting and satellite communication applications. The region's focus on developing infrastructure for 5G technology and its dominance in the automotive MEMS sensor market further contribute to the market's expansion. Despite initial disruptions due to the COVID-19 pandemic, the market has shown resilience and recovery, reflecting broader trends in the semiconductor industry.

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Market Size of APAC Acoustic Sensors Industry

Asia Pacific Acoustic Sensors Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 14.62 %
Market Concentration Low

Major Players

APAC Acoustic Sensors Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Acoustic Sensors Market Analysis

The Asia Pacific acoustic sensors market is expected to grow at a CAGR of 14.62% over the forecast period (2021 - 2026). The use of acoustic sensors for acoustic-wave-based MEMS devices has created a promising technology platform available for a wide range of applications. These devices have high sensitivity and can operate wirelessly.

  • The surface wave acoustic sensor is expected to have high growth during the forecast period due to its implementation in television transmitters and radios to generate signals for broadcasting. SAW devices are indispensable as filters in radio frequency applications and are essential components used in the terminals and base stations for satellite communication.
  • The increasing focus on investments to develop infrastructure for supporting 5G technology is expected to boost the demand for RF semiconductors across the region. According to the GSMA, mobile operators in the Asia-Pacific region are expected to invest over USD 400 billion in their networks between 2020 and 2025, of which USD 331 billion will be spent on 5G deployments.
  • The region is also dominating the global market for automotive MEMS sensors. The EV market is a massive opportunity in the region. EV sales remained constant in China in 2019, at around 1.2 million units sold (a 3% increase from the previous year).
  • In June 2020, the China-based electric vehicle (EV) producer, BYD, secured a second round of financing for its BYD Semiconductor subsidiary to increase its production. The company is interested in developing semiconductors that can increase the efficiency of the electric motor in EVs. With such initiatives to improve the manufacturing capacities in the region, the demand for SAW devices is expected to increase.
  • In the initial phase of the COVID-19, the studied market witnessed the disruption in the supply chain owing to nationwide lockdown and closure of many manufacturing capacities. However, after the 2nd Q of 2020, the market started witnessing a recovery in demand and production, the semiconductor industry trend that was also reflected in the studied market.

APAC Acoustic Sensors Industry Segmentation

Acoustic wave sensors are a division of micro-electromechanical systems that work on modulating surface acoustic waves that sense the physical phenomenon. They are used to convert electrical signals into mechanical waves. They are used in various fields such as signal processing, sensing, and others. The Acoustic Wave Sensors are expected to replace the conventional product in various applications due to their passive nature, wireless operation, and lesser response time.

By Type
Wired
Wireless
By Wave Type
Surface Wave
Bulk Wave
By Sensing Parameter
Temperature
Pressure
Torque
Mass
Humidity
Viscosity
Chemical Vapor
By Application
Automotive
Aerospace and Defense
Consumer Electronics
Healthcare
Industrial
Other Applications
By Country
India
China
Japan
South Korea
Australia
Rest of Asia Pacific
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APAC Acoustic Sensors Market Size Summary

The Asia Pacific acoustic sensors market is poised for significant growth, driven by the increasing adoption of acoustic-wave-based MEMS devices across various applications. These sensors, known for their high sensitivity and wireless operation capabilities, are becoming integral in sectors such as telecommunications and automotive. The demand for surface wave acoustic sensors is particularly strong, as they are essential in television transmitters, radios, and satellite communication systems. The region's focus on developing infrastructure to support 5G technology is expected to further propel the market, with substantial investments in RF semiconductors. The automotive sector, especially with the rise of electric vehicles, presents a lucrative opportunity for acoustic sensors, as companies like BYD enhance semiconductor production to improve EV motor efficiency.

The telecommunications industry remains the largest consumer of acoustic sensors, with the proliferation of smartphones and base stations driving demand. The expansion of LTE, 4G, and 5G infrastructure, particularly in countries like China, South Korea, Japan, and India, is providing a substantial boost to the market. Acoustic sensors are increasingly being integrated into consumer electronics, with RF filters becoming standard components in 5G devices. The market is characterized by high fragmentation, with numerous global and local manufacturers contributing to its dynamics. Despite the competitive landscape leading to price declines and low margins, the market continues to see new entrants and steady growth, particularly in the MEMS sector.

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APAC Acoustic Sensors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growth of Telecommunications Market

      2. 1.2.2 Low Manufacturing Costs

    3. 1.3 Market Restraints

      1. 1.3.1 Technical Challenges Associated with Acoustic Sensors

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of the Impact of COVID-19 on the market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Wired

      2. 2.1.2 Wireless

    2. 2.2 By Wave Type

      1. 2.2.1 Surface Wave

      2. 2.2.2 Bulk Wave

    3. 2.3 By Sensing Parameter

      1. 2.3.1 Temperature

      2. 2.3.2 Pressure

      3. 2.3.3 Torque

      4. 2.3.4 Mass

      5. 2.3.5 Humidity

      6. 2.3.6 Viscosity

      7. 2.3.7 Chemical Vapor

    4. 2.4 By Application

      1. 2.4.1 Automotive

      2. 2.4.2 Aerospace and Defense

      3. 2.4.3 Consumer Electronics

      4. 2.4.4 Healthcare

      5. 2.4.5 Industrial

      6. 2.4.6 Other Applications

    5. 2.5 By Country

      1. 2.5.1 India

      2. 2.5.2 China

      3. 2.5.3 Japan

      4. 2.5.4 South Korea

      5. 2.5.5 Australia

      6. 2.5.6 Rest of Asia Pacific

APAC Acoustic Sensors Market Size FAQs

The APAC Acoustic Sensors Market is projected to register a CAGR of 14.62% during the forecast period (2024-2029)

API Technologies Corp., Boston Piezo-Optics Inc., CeramTec, CTS Corporation and ECS, Inc. International are the major companies operating in the APAC Acoustic Sensors Market.

APAC Acoustic Sensors Report Snapshots

Asia Pacific Acoustic Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)