Acoustic Wave Sensor Market By Product (Surface Acoustic Wave Sensors and Bulk Acoustic Wave Sensors), By Device (Resonators and Delay Lines), By Sensing Parameter (Humidity, Pressure, Temperature, Chemical Vapor/Gas, Mass, Torque, Viscosity, and Others), and By Vertical (Military, Food and Beverages, Automotive, Industrial, Healthcare, Environmental, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global acoustic wave sensor market expected to reach approximately USD 5.52 billion by 2025, at a CAGR of slightly above 10.9% between 2019 and 2025. The demand for surface acoustic wave (SAW) sensors is at its peak in various industry verticals, which is propelling the acoustic wave sensor market growth.

07-Aug-2019 | Number of pages: 215 | Report Code: ZMR-547 | Report Format : | Status : Published

Analysis

An acoustic wave sensor is an electro-mechanical device that is used for converting electrical signals into acoustic waves. These sensors have a key role in the functioning of micro-electromechanical systems. Acoustic wave sensors operate on the principle of acoustic wave technology.

The major factor driving the acoustic wave sensor market globally is the growing concern toward security and surveillance in the automotive sector. The occurrences of accidents or road mishaps have increased over the last few years, owing to random tire outbursts. As per a recent survey, nearly 1.25 million people die in road accidents annually. To avoid such incidences, the automotive industry is significantly opting for acoustic wave sensors. These sensors are integrated into a vehicle’s tires and wirelessly transfer data to the respective vehicle driver. Acoustic wave sensors record tires’ pressure and warn the driver in advance regarding low tire pressure. Therefore, acoustic wave sensors play a crucial role in the automobile industry and its emerging requirement in this vertical is driving the acoustic wave sensor market rapidly. Even though the demand for surface acoustic wave-based sensors is observed to be at its peak, there are few factors like underdeveloped technology that might hinder the overall acoustic wave sensor market growth to some extent. Moreover, the growing implementation of acoustic wave sensors in the automotive industry and the rising demand for in-expensive sensors in various automobile applications are forecasted to create lucrative opportunities over the upcoming years for the acoustic wave sensor market growth.

The global acoustic wave sensor market is fragmented on the basis of product, device, sensing parameter, and vertical. The product segment is majorly classified into surface and bulk acoustic wave sensors. An acoustic wave that propagates over the surface area of material evincing elasticity with exponentially decaying amplitude is termed as a surface acoustic wave. This segment is observed to hold the largest market share globally in the future. The device segment includes resonators and delay lines. Delay in the propagation of acoustic waves through or over a material surface is termed as an acoustic wave delay line. The delay line segment is estimated to show the highest CAGR over the forecast timeframe. The sensing parameter segment of the acoustic wave sensor market comprises humidity, pressure, temperature, chemical vapor/gas, mass, torque, viscosity, and others. The vertical segment includes military, food and beverages, automotive, industrial, healthcare, environmental, and others. Acoustic wave sensors play a crucial role in the industrial vertical, as they are used for measuring pressure, temperature, and torque. In addition, they are used for various other industrial applications, such as humidity sensing and mass loading analysis.

The Latin American acoustic wave sensor market is forecasted to offer lucrative opportunities and register the highest CAGR in the upcoming years. This can be attributed to the growing use of acoustic wave sensors for industrial and automotive applications in the region.

Some leading manufacturers operating in the global acoustic wave sensor market are Honeywell International, Siemens, Burkert, GE Sensing, Pro-micron, IntelliSAW, Mercury United Electronics, Boston Piezo Optics, RF SAW, Transense Technology, SensAction, and Electronic Sensor Technology.


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