Key Market Dynamics of Acoustic Wave Sensor Market

According to the new research report, "Acoustic Wave Sensor Market by Type (surface and bulk); Device (resonator and delay line); Sensing parameters (temperature, pressure and humidity); Vertical (military, automotive and industrial) and Geography (North America and APAC) - Global Forecast to 2025", is expected to grow from USD 0.4 billion in 2016 to USD 1.1 billion by 2025; it is estimated to grow at a CAGR of 10.7% during 2017–2025. Growing concern toward security and surveillance, increasing demand for surface acoustic waves (SAW) based temperature sensors across various industries due to their various benefits such as accuracy, wide temperature sensing range, fast response rate, low cost, repeatability and microelectromechanical sensor (MEMS) technology are some of the major factors fueling the growth of this market.

High demand for SAW-based temperature sensors from end-user verticals

The continuous demand for temperature sensors from the various verticals fuels the growth of the acoustic wave sensor market for the temperature sensors. Temperature sensors are increasingly used in various verticals, such as automotive, healthcare, industrial, and chemicals, to integrate sensing technologies in their products. This helps minimize the replacement costs of the components, reduce wear and tear of the products, increase the product safety, and meet stringent reliability requirements.

The demand for SAW-based temperature sensors across various verticals is increasing due to their benefits such as accuracy, wide sensing temperature range, fast response rate, and low cost. Since temperature is the most commonly measured parameter in many industries, these end users are adopting the temperature sensor technologies that can provide accurate temperature measurements and identify defects, if any.

For instance, the SAW-based temperature sensors with reliable accuracy have a high demand for the applications such as engine coolant temperature management, outside air temperature management, active in-vehicle temperature management, and cylinder heat temperature management in the automobile industry. Moreover, the preference for advanced temperature sensors is growing among various end-user verticals due to their high sensitivity and low energy consumptions.

Technical issues associated with energy consumption and sensitivity

Gas sensor devices, although having increasing demand, face certain problems that are yet to be addressed. Some of the major problems associated with the gas sensor devices are high energy consumption; small size; and sensitivity to environmental factors. Sensor size is an important factor in the case of portable gas detector devices that are used in few applications, such as building automation. Energy consumed by gas sensors is an important factor as it contributes to the overall power consumption of the systems deployed in the automotive and industrial applications. Devices built on metal-oxide-semiconductor technology consume more power than the electrochemical devices. Gas sensors face difficulty with the maintenance of a high level of sensitivity to detect different gases under high humidity conditions. Various sensors have different sensitivities, and their functionality is specific for particular atmospheric conditions. A variety of SAW-based gas sensors are used for gas sensing, and the oscillators are considered to be the key unit of the SAW-based gas sensor.

Key Market Players

Key players in the acoustic wave sensor market comprise companies operating at different stages of the market’s value chain. The key market players include Althen GmbH (Germany), NanoTemper Technologies GmbH (Germany), H. Heinz Meßwiderstände GmbH (Germany), Transense Technologies plc (UK), Pro-micron (Germany), Vectron International Inc.  (US), Qualtre Inc. (US), Senseor SAS (FRANCE), Sensor Technology Ltd. (US) Organic growth strategies, such as product launches, are the focus of many of the above companies.

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