Market Trends of APAC Acoustic Sensors Industry
This section covers the major market trends shaping the APAC Acoustic Sensors Market according to our research experts:
Telecommunications Applications to Drive the Market Growth
- The telecommunications industry is the largest consumer of acoustic sensors, primarily driven by smartphones and base stations. With telecom companies setting up more and more towers to support the ever-increasing customer base, base stations are increasing.
- Moreover, people, especially in developing countries, buy smartphones due to increasing disposable incomes and low-budget smartphones.
- Moreover, most telephone devices and other similar gadgets already have microphones/speakers installed, which support acoustic-sensing applications with a relatively low deployment cost.
- The growing infrastructure development of LTE and 4G technology across the globe and rising infrastructure investment in 5G technology by developed countries is providing a massive boost to the growth of acoustic sensors (SAW Filters).
- Owing to the increasing usage of smartphones, tablets, and other electronic devices in developed and developing economies such as China, South Korea, Japan, and India, acoustic sensors are expected to witness growth during the forecast period.
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Consumer Electronics holds the highest market share
- There is a significant surge in the sales of acoustic sensors and other related equipment due to the increasing smartphone sales and the increasing adoption of emerging RF technologies in consumer electronics, expanding the scope of the market studied.
- The growing production of LTE, 4G & 5G devices, especially 5G smartphones, also creates a massive growth opportunity for the SAW technology provider. RF filters are becoming standard components in these devices as they isolate radio signals from the different spectrum bands used by various smartphones to receive and transmit information. New advanced SAW filters offer a higher performance solution than competing for BAW filters in the sub-2.7 GHz frequency range, hence having higher growth opportunities with the emergence of 5G technology.
- Most renowned smartphone manufacturers adopt RF filters in their latest 5G smartphones; LG and Samsung are few among these. The advancement in SAW sensors also enables more power-efficient RF paths in 5G and 4G multimode mobile devices at a lower cost point than competing commercial solutions with similar performance metrics for original equipment manufacturers (OEMs).
- Many researchers are also exploring the scope of the SAW MEMS microphone that can also be used as a wireless passive accelerometer and pressure sensor. The global MEMS microphone market will be expected to cross USD 1.67 billion by 2024.
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