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Acoustic Wave Sensor Market by Type, Device, Sensing Parameter, Vertical and Geography - Global Forecast to 2023

Acoustic Wave Sensor Market: Global Forecast until 2023

  • July 2017
  • 141 pages
  • ID: 5026083
In this report:
The market for pressure sensing in automotive vertical is expected to grow at the highest CAGR of ##.##% during 2017-2023; the growth is attributed to the government initiatives and strict norms for the deployment of TPMS and other safety sensors to enhance the safety of automobile occupants
The market for the automotive vertical is expected to grow at the highest CAGR of ##.##% during 2017-2023; the growth is attributed to the government initiatives and strict norms for the deployment of TPMS and other safety sensors to enhance the safety of automobile occupants.

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"Global acoustic wave sensor market to exhibit significant increase between 2017 and 2023"

The acoustic wave sensor market is anticipated to rise at a compound annual growth rate (CAGR) of 10.70 percent between 2017 and 2023 to be worth USD 868.3 Million by 2023. The top driving factor for the increase ot the acoustic wave sensor market is the rise of the SAW-based temperature sensors across several verticals due to their benefits including accuracy, wide sensing temperature range, quick response rate, and low cost. Nevertheless, the replacement of SAW-based sensors by other sensors in conventional applications is the main challenge in the sector.

"Surface acoustic wave sensors to lead acoustic wave sensor market during forecast horizon"

SAW sensors held the biggest size of the acoustic wave sensor market in 2016. SAW sensors are simple, rugged devices, which consist of a piezoelectric substrate in between two patterned electrodes to introduce and sense acoustic waves. SAW sensors are used to sense any change in frequency of waves combined with different parameters including temperature, pressure, torque, and chemical vapors. SAW sensors are anticipated to hold the most important size of the acoustic wave sensor market by 2023due to the growing demand of these sensors on the back of their capability to sense several parameters including temperature, pressure, and humidity.

"Resonators to hold a main share of the acoustic wave sensor market established on device by 2023"

The industry for the resonators is anticipated to grow at the highest CAGR (Compound annual growth rate) between 2017 and 2023. SAW resonators can be visualized similar to crystal resonators. In SAW resonators, the generated acoustic wave is restricted to one surface of the piezoelectric substrate. SAW resonators are independent of the mass of the piezoelectric substrate and, accordingly, are suitable for high-frequency applications. The high oscillation frequencies of resonators reduce the design cost and growth the simplicity of the resonators.

"Acoustic wave sensor market in Asia-Pac forecasted to grow at topmost cagr during projection period"

The sector in Asia-Pacific is expected to display the highest compound annual growth rate (CAGR) during the outlook period. The Asian sectors, especially those in Japan, China (CN), and India (IN), are more likely to govern the acoustic wave sensor market in the next years, in terms of adaptability and market value. India (IN) currently holds the biggest share of the market in Asia-Pac due to the higher adoption of acoustic wave sensors in different verticals including food and beverages, and automotive, fueling the increase of the acoustic wave sensor market in this area.

The break-up of the profiles of primary members taking part for the analysis has been provided below:

• By Company category: Tier 1 = 45.0 percent, Tier 2 = 30.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 63.0 percent and Directors = 37.0 percent

• By Area: North America (NA) = 33.0 percent, EU = 23.0 percent, Asia-Pacific = 32.0 percent, and RoW = 12.0 percent

The top players operating in the acoustic wave sensor market contain Vectron International Inc., Qualtre, Incorporated, SENSeOR, Sensor Technology Ltd., NanoTemper Technologies GmbH, Althen GmbH Mess- und Sensortechnik, Transense Technologies plc, pro-micron GmbH & Co. KG, H. Heinz Me•widerstände GmbH, and Hawk Measurement Systems.

Segment Research

The research report on the overall acoustic wave sensor market includes the market based on type, device, sensing parameter, vertical, and territory. The sector established on category has been split into surface acoustic wave sensors and bulk acoustic wave sensors. On the basis of devices, the acoustic wave sensor market has been categorized into resonators and delay lines. The industry, on the basis of sensing parameter, has been divided into temperature, pressure, viscosity, humidity, chemical vapors/gas, humidity, torque, mass, and others. Futhermore, the acoustic wave sensor market, on the basis of vertical, has been broken down into military, automotive, industrial, healthcare, food and beverages, environment, and others. The document breaks down the market in four main regions, that is, North America continent, Europe (EU), Asia-Pac, and RoW.

Main highlights

Figures of segmentation, study, and estimate for the sector established on category, devices, sensing parameter, vertical, and area have been organized to give an global view of the acoustic wave sensor market.

The main drivers, market restraints, alternatives, and opportunities for the acoustic wave sensor market have been precised in this industry report.

The market research includes an exhaustive competitive analysis, together with top players, complete study, and revenue of the main actors.

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