Acoustic Wave Sensor Market projected to be worth 868.3 Million USD by 2023

According to the new market research report "Acoustic Wave Sensor Market by Type (Surface Acoustic Wave, Bulk Acoustic Wave), Device (Resonator, Delay Line), Sensing Parameter (Temperature, Pressure, Humidity), Vertical (Military, Automotive, Industrial) and Geography - Global Forecast to 2023", the acoustic wave sensor market was valued at USD 422.8 Million in 2016 and is expected to reach USD 868.3 Million by 2023, at a CAGR of 10.7% between 2017 and 2023.

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The research methodology used to estimate and forecast this market begins with capturing data on key vendor revenue through secondary research such as IEEE journals, The Science Direct and Sensor Magazine, and the newsletters from the leading players. The vendor offerings have also been taken into consideration to determine the market segmentation. 

The bottom-up procedure has been employed to arrive at the overall size of the global acoustic wave sensor market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with the key officials such as CEOs, VPs, directors, and executives of the companies in the acoustic wave sensor industry. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure.

The acoustic wave sensor ecosystem comprises manufacturers, system integrators, and distributors. The players involved in the development of acoustic wave sensor include Vectron International Inc. (US), Qualtre, Inc. (US), SENSeOR SAS (France), Sensor Technology Ltd. (US), NanoTemper Technologies GmbH (Germany), Althen GmbH Mess- und Sensortechnik (Germany), Transense Technologies plc (UK), pro-micron GmbH & Co. KG (Germany), H. Heinz Meßwiderstände GmbH (Germany), and Hawk Measurement Systems (Australia).

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