The acoustic wave sensor market was valued at USD 422.8 Million in 2016
and is expected to grow at a CAGR of 10.7% between 2017 and 2023. The
growing demand for acoustic-based temperature sensors from the various
verticals fuels the growth of the acoustic wave sensor market for the
temperature sensors. The increasing need of sensors for security and
surveillance applications with the rising reliability on acoustic wave
sensors is the key driving factor for the acoustic wave sensor market.
The base year considered for the study is 2016, and the forecast period
considered is between 2017 and 2023. The objective of the report is to
provide a detailed analysis of the acoustic wave sensor market on the
basis of type, device, sensing parameter, vertical, and geography. The
report provides detailed information regarding the major factors
influencing the growth of this market.
Contact:
Mr. Shelly Singh
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
The acoustic wave sensor market is driven by factors
such as the growing adoption of acoustic wave sensors by various
industries and the increasing demand for acoustic wave sensors for
security and surveillance in verticals such as industrial, automotive,
military, and healthcare.
Resonator expected to hold largest size of market based on device during forecast period
The resonator segment is anticipated to hold the
largest share in the acoustic wave sensor market. Surface acoustic wave
(SAW) resonators are independent of the mass of the piezoelectric
substrate and, therefore, are suitable for high-frequency applications.
The vibrations generated in SAW resonators are mechanical and are not
affected by the fluctuations in electricity supply or peripheral circuit
voltage, which is the primary factor contributing to the growth of the
market.
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Automotive expected to hold largest size of market based on vertical by 2023
The automotive vertical is anticipated to hold the
largest share of the acoustic wave sensor market. The
microelectromechanical sensor (MEMS) technology is an example for
automotive applications such as pressure sensing in tire-pressure
monitoring system (TPMS), emission control sensors, torque sensors, and
inertia sensors.
Market for torque sensing expected to grow at highest CAGR between 2017 and 2023
The acoustic wave sensor market for the torque
sensing parameter is expected to grow at the highest CAGR during the
forecast period. Growing trend toward electrical power steering and
condition-based maintenance in vehicles is the main factor contributing
to the high growth of the market for the torque sensing parameter in
automobiles.
Market in APAC anticipated to grow at highest CAGR between 2017 and 2023
APAC is one of the largest manufacturing hubs in the
world for the automobiles, and the growing integration of acoustic wave
sensor systems in automobile applications is likely to boost the
acoustic wave sensor market in this region. This market is expected to
grow at the highest pace during the forecast period. Major players
involved in the acoustic wave sensor market include Althen GmbH Mess-
und Sensortechnik (Germany), Vectron International Inc. (US), Qualtre
Inc. (US), SENSeOR SAS (France), NanoTemper Technologies GmbH (Germany),
Transense Technologies plc (UK), Sensor Technology Ltd. (US),
Pro-micron GmbH & Co. KG (Germany), Hawk Measurement Systems
(Australia), and H. Heinz Meßwiderstände GmbH (Germany).
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Mr. Shelly Singh
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
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