US Acoustic Sensors Market Size

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.