US Acoustic Sensors Market Size (2024 - 2029)

The United States acoustic sensors market is poised for significant expansion, driven by the increasing demand and manufacturing of acoustic wave sensors in the region. The market's growth is supported by substantial investments in advanced technologies and the adoption of cost-effective components by end-user industries. The presence of major global vendors and their focus on product innovation and technological advancements further bolster the market's development. Despite past economic challenges, the trend of high R&D spending and mergers and acquisitions is expected to continue, contributing to the market's robust trajectory.

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Market Size of US Acoustic Sensors Industry

United States Acoustic Sensors Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.40 %
Market Concentration Low

Major Players

US Acoustic Sensors Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Acoustic Sensors Market Analysis

The United States acoustic sensors market is expected to grow at a CAGR of 8.4% over the forecast period (2021 - 2026). Acoustic sensors for acoustic-wave-based MEMS devices have created a promising technology platform available for a wide range of applications. These devices have high sensitivity and can operate wirelessly.

  • The United States is one of the foremost innovators and investors in the global SWA sensor market, owing to the growing regional demand and manufacturing of acoustic wave sensors. The regional end-user industry is increasingly investing in advanced technologies and adopting low-cost components, expanding the scope of SAW sensors in the region.
  • In addition to that, most of the significant global market vendors are US-based, which provides an upper hand to the region in the studied market. Also, most of these regional vendors are far ahead of their global competitors in terms of product innovation and technological advancement, which is also helping the regional market's growth along with the global market's. The United States is one of the significant markets for surface acoustic wave sensors globally.
  • After the financial crisis of 2007-2008, the semiconductor companies that emerged strongest still focused on innovations and maintained relatively higher R&D spending and M&As, as compared to other competitors. Many industry experts claim that the same trend is expected to reflect the forecast period due to the pandemic.
  • In November 2020, the Semiconductor Industry Association (SIA) of the United States announced that sales of global semiconductors reached USD 39.0 billion for October 2020, an increase of 6% compared to October 2019 and 3.1% more than September 2020. In the same month, WSTS also forecasted that the projected annual global sales of semiconductors for 2020 would increase by 5.1%, followed by 8.4% in 2021.

US Acoustic Sensors Industry Segmentation

Acoustic wave sensors are a division of micro-electromechanical systems that modulate 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
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US Acoustic Sensors Market Size Summary

The United States acoustic sensors market is poised for significant growth, driven by advancements in acoustic-wave-based MEMS devices that offer high sensitivity and wireless operation capabilities. The region's stronghold in the global surface acoustic wave (SAW) sensor market is bolstered by substantial investments in advanced technologies and the presence of major US-based vendors who lead in product innovation and technological advancements. The market's expansion is further supported by the robust automotive sector, where SAW pressure sensors are increasingly adopted for tire pressure monitoring systems, and the growing demand for these sensors across various industries such as oil and gas, aerospace, and healthcare.

The market is also experiencing a surge due to the rising smartphone sales and the adoption of emerging RF technologies, particularly with the production of LTE, 4G, and 5G devices. The introduction of advanced SAW filters, like Qualcomm's ultraSAW technology, offers higher performance solutions, enhancing growth opportunities in the sub-2.7 GHz frequency range. The market's fragmentation, with numerous global and local manufacturers, leads to intense competition and price declines. Notable developments include collaborations and innovations in molecular electronics biosensors and integrated nucleic acid amplification systems, highlighting the market's dynamic nature and its potential for continued expansion.

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US 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

US Acoustic Sensors Market Size FAQs

The US Acoustic Sensors Market is projected to register a CAGR of 8.40% during the forecast period (2024-2029)

Siemens AG, Transense Technologies PLC, Honeywell Sensing & Control, Murata Manufacturing Co., Ltd and Vectron International, Inc. (Microchip technology Incorporated) are the major companies operating in the US Acoustic Sensors Market.

US Acoustic Sensors Report Snapshots

United States Acoustic Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)