Sound Sensor Industry Insight Forecast Report Till 2026
The global sound sensor market was valued at US$ 1,270.3 Mn in 2017 and is projected to register a compounded annual growth rate (CAGR) of over 6% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Sound Sensor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The report suggests that rising significance of security and surveillance systems across the globe, increasing demand for voice recognition systems, and growing use of sound sensors in several medical applications are likely to augment the demand for sound sensors from 2018 to 2026. Since key players are introducing innovative sound sensors in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for a leading share of the global sound sensor market during the forecast period. Rising investments in smartphone and automotive technologies and industrial automation across emerging ...