Fior Markets launched a study titled “Global Bioacoustics Sensing Market by Hardware (Microphones, Detectors, Ultra Sound Recorders, Sound Recorders, Instrument Recorders, Others), Software, Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global bioacoustics sensing market is expected to grow from USD 5.6 Billion in 2017 to USD 8.7 Billion by 2025 at a CAGR of 5.6% during the forecast period from 2018-2025. Its flexible and light weight structure provides its preference over integrated or discrete sensors and increasing acceptance of artificial intelligence are two factors which affect the growth of the market
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Ultra sound recorders segment is dominating the market with the share of 26.40% in 2017
The hardware segment is classified into microphones, detectors, ultra sound recorders, sound recorders, instrument recorders, computing devices and others. The ultra sound recorders segment is dominating the bioacoustics sensing market in 2017 as these bioacoustics helps to record various sound from the environments and helps to understand various properties by using higher frequency of equipment
Sound analytics segment valued around USD 1.27 Billion in 2017
Software segment includes sound analytics, video streaming software, automated identification, audio editing tools, other sound related software, recording software, visual comparison software and audio analysis plugins. Sound analytics is dominating the market in 2017 as it helps to comprehend the analytics of bioacoustics sensing.
Healthcare segment is growing with the highest CAGR of 8.9% in the forecast period
Application segment is divided into segments such as wearable consumer electronics and healthcare. Healthcare segment is growing with the highest CAGR in the forecast period. The bioacoustics sensing technology is increasingly used in the healthcare sector as it helps in various functions such as improving human comfort, convenience, and security as well as monitoring health conditions. Bioacoustics sensors are used for constant examination and monitoring of blood pressure, respiratory system, and stamina
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region held the largest market share of approximately 35.40% in 2017. The North America region is adopting this technology and are investing significant resources on R&D and are combining bioacoustics sensing with other applications.
The major players of market include Matsushita Electric Industrial, Panasonic Corporation, Honeywell, Pacesetter, Samsung Electronics, Medacoustics, Remon Medical Technologies, Avisoft Bioacoustics, MSI Transducers Corporation, Materials Systems Inc., AT&T, Panasonic Corporation, IBM Corporation, Pacesetter, Inc., Med-Acoustics, Inc., Remon, MSI Transducers Corporation
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