BIOACOUSTICS SENSING MARKET ANALYSIS

Regional Analysis

Regional Insight for bioacoustics sensing market

On the basis of geography, the global dehumidifier market size is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds the largest share of the global bioacoustics sensing market, owing to high adoption of advanced technologies and artificial intelligence in countries such as the U.S. and Canada. According to report by weforum (World Economic Forum), global income from AI is expected to grow to over US$ 47 billion in 2020, from around US$ 8 billion in 2016. Europe is considered as the second-largest market after North America due to growing adoption of wearable technology and advanced technologies such as bioacoustics sensing in the region. For instance, according to report by PLOS (Public Library Of Science) it is estimated that the global market for wearable’s will exceed US$ 34 billion by 2020. Additionally, Europe market has witnessed rapid development of skin put technology, which is also responsible for the increasing adoption of bioacoustics sensing in Europe. Major growth engines for the bioacoustics sensing market in Europe include U.K., France, and Germany. Asia Pacific market is growing at a slow rate due to lack of knowledge of bioacoustics sensing technology and dearth of skilled workers in the region.