Acoustic Wave Sensor Market
A new market study, titled “Acoustic Wave Sensor Market” has been featured on Market Research Future.
according to a current research report by Market Research Future (MRFR), the global acoustic wave sensor market is estimated to grow over USD 895 million by 2023, registering nearly 11% CAGR through the forecast period (2017 to 2023).
Drivers and Restraints
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The increasing incorporation of these sensors in several applications in many burgeoning industries defines the market landscape for the acoustic wave sensor. Additional factors boosting the market gains comprise the high demand for saw-based temperature sensors across the end-user verticals and the growing apprehension towards security & surveillance and the increasing implementation of these sensors. Moreover, technological innovations along with the increasing urbanization and industrialization, drive the market growth to an extent. Improving economic conditions provide stimulus to the growth of the acoustic wave sensor market, driving the purchasing power and accessibility to the quality of life of consumers.
On the other hand, influential factors such as the computational cost and technical issues related to energy consumption, and sensitivity are restraining the growth of the global acoustic wave sensor market. However, the rising demand from end-users for smarter systems is expected to support the market growth, growing steadily over the forecast period.
Segmental Analysis
The global acoustic wave sensor market can be analyzed on the basis of type, device, end-users and region. On the basis of type, the acoustic wave sensor market can be bifurcated as bulk acoustic wave sensor and surface acoustic wave sensor. Among these, surface acoustic wave sensor can be accounted for the largest market share majorly owing to wireless and passive nature of sensors, growing penetration of micro electro mechanical system (MEMS) technology and low manufacturing expense. On the other hand, the bulk acoustic wave sensor segment is poised to grow over the forecast period.
The market on the basis of the device, is segmented into resonator, delay line, holographic television, holographic tele presence, and others.
The vertical segment of the market comprises of healthcare, automobile, industrial, food and beverage, environment, defense, and others.
Regional Overview
The acoustic wave sensor markets in APAC, Europe and North America are accountable for the leading markets for acoustic wave sensors, globally. Some of the major factors leading the market growth are the rapid technological advancements, increasing demand for high-end technology solutions, and the rising usages of acoustic sensors in the aerospace and defense sector. Additonally, the increasing research and development activities alongside the stable economic conditions provide impetus to the growth of the market. Furthermore, factors such as the strict government regulations on vehicles’ safety, the strong surge in vehicle manufacture and sales along with continued demand for security and comfort features drive the market expansion in these regions. The US market supported by by its third largest share in global acoustic wave sensor market leads the regional market. The market in America is further augmented to grow at a substantial CAGR over the review period. The Asia Pacific region is exceedingly emerging as a promising market for acoustic wave sensor wing to the presence of a high number of producers of these sensors and the increasing growth of automotive industries. Moreover, factors such as the stringent government regulations, the rising demand for low-end automobiles, and significant car designers to improve the safety provision in car designs will allow the market to expand with a considerable CAGR.
Competitive Analysis
The prominent players of the global acoustive wave sensor market as identified by MRFR, are Althen GmbH Mess- und Sensortechnik (Germany), Transense Technologies plc (UK), Vectron International Inc. (US), Hawk Measurement Systems (Australia), Qualtre Inc. (US), Sensor Technology Ltd. (US), SENSeOR SAS (France), NanoTemper Technologies GmbH (Germany), Pro-micron GmbH & Co. KG (Germany), and H. Heinz Meßwiderstände GmbH (Germany) among others.
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Surface Acoustic Wave Sensor MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Surface Acoustic Wave Sensor Market.
The growth sectors of the Surface Acoustic Wave Sensor Market are identified with precision for a better growth perspective.According to Market Research Future Analysis, Acoustic Wave Sensor market is anticipated to grow at a significant rate over the forecast period, 2017-2023.According to Market Research Future, market has been segmented into type, device, vertical and region.
FREE PDF@ https://www.marketresearchfuture.com/sample_request/4220Acoustic wave sensors can be explained as micro electro mechanical systems which rely on the modulation of surface acoustic waves for sensing a physical phenomenon.
The reason is attributed to surface acoustic wave sensor resonators which are suitable for high-frequency applications.
Also, resonators are mechanical and are not affected by the fluctuations in electricity supply or any sort of circuit voltage.
Out of these, automotive sector accounted for the largest market share majorly due to high adoption for advanced technologies such as micro electromechanical sensor (MEMS) technology used for pressure sensing in tire-pressure monitoring system and also for emission control sensors.
Global Acoustic Wave Sensor Market, By Type (Bulk Acoustic Wave Sensor, Surface Acoustic Wave Sensor), By Device (Resonator, Delay Line), By Vertical (Defense, Automotive) - Forecast 2023Acoustic Wave Sensor MarketAdd image credit, source, and captionThe key players in the global 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) among others.The global acoustic wave sensor market is highly competitive.
Various established international brands, domestic brands and as well as new entrants form a competitive landscape.
The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
The acoustic wave sensor market is highly competitive due to the presence of several large vendors.
The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors.
The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.Report Details @Acoustic Wave Sensor Market Research Report Forecast 2023 | MRFRGlobal Acoustic Wave Sensor Market is expected to reach approximately USD 895 million by the end of …Read on marketresearchfuture.comRegional AnalysisThe global acoustic wave sensor market is expected to grow significantly over the forecast period, 2017-2023.
Market Overview:Acoustic wave sensors are mainly used for the detection mechanism in various sectors such as telecommunications, automotive, and the defense.
In medical applications, acoustic wave sensors are used to detect chemical components.
As a result, the acoustic wave sensor market witnesses significant traction across the globe.According to a study report recently published by Market Research Future (MRFR), the global acoustic wave sensor market is projected to grow over USD 895 MN by 2023, registering approximately 11 % CAGR throughout the forecast period (2017 – 2023).
Additional factors boosting the market gains include the high demand for saw-based temperature sensors across the end-user verticals and the growing concern towards security & surveillance and the high implementation of these sensors.Moreover, technological advancements alongside the increasing urbanization and industrialization drive the market growth to an extent.
Improving economic conditions provide impetus to the growth of the acoustic wave sensor market, increasing the purchasing power and access to the quality of life of consumers.On the other hand, factors such as the computational cost and technical issues associated with energy consumption, and sensitivity are impeding the growth of the global acoustic wave sensor market.
Nevertheless, the growing demand from end-users for smarter systems is expected to support the market growth, growing steadily over the forecast period.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4220Global Acoustic Wave Sensor Market - SegmentationThe MRFR analysis is segmented into four key dynamics for the convenience of understanding;By Type : Bulk Acoustic Wave Sensor, Surface Acoustic Wave Sensor, and others.By Device: Resonator, Delay Line, Holographic Television, and Holographic Tele presence among others.By Vertical: Defense, Automotive Healthcare, Industrial, Food & Beverages, and EnvironmentBy Regions: North America, Europe, APAC and the Rest-of-the-World.Global Acoustic Wave Sensor Market - Regional AnalysisThe acoustic wave sensor markets in Europe and North America account for the leading markets, globally.
