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 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 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 industrial vertical held the largest share of the
acoustic wave sensor market in 2016 as it involves the largest use of
sensors. The automotive vertical held the second-largest market share in
2016. This dominance is attributed to the use of acoustic wave sensors
for the security and surveillance applications in these verticals. For
instance, pressure sensors are built into tires of cars to wirelessly
transmit the pressure data to the driver of the vehicle. This helps
prevent accidents caused by tire burst by warning the driver about low
tire pressure.
The resonators segment held the largest size of the
acoustic wave sensor market in 2016. The resonators are not altered by
fluctuations in source and circuit voltage. Therefore, they are suitable
for the applications such as automotive keyless entry and tire pressure
monitoring.
The temperature sensing parameter holds the largest
share of the acoustic wave sensor market. The resonators are not
altered by fluctuations in source and circuit voltage. The acoustic wave
sensors for temperature sensing are used for critical applications such
as monitoring rotating machine components and combustion chambers in
the industrial and automotive verticals.
North America dominated the overall acoustic wave
sensor market in 2016. Technological advancements, low manufacturing
costs, and wireless and passive nature of the products are the major
factors propelling the demand for the acoustic wave sensors in this
region. The automotive vertical is a major contributor to the growth of
the acoustic wave sensor market in North America in terms of market
size. The use of acoustic wave sensors in the military segment is a
major factor boosting the growth of the market in the region. The US
military runs laboratories to provide superior technologies to its
militants. The market in APAC is expected to grow at the highest CAGR to
surpass the market in North America by 2023.
The technical issues associated with energy
consumption and sensitivity is one of the major challenges witnessed by
the acoustic wave sensor market. Devices based 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 functionalities are specific for particular
atmospheric conditions.
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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