Global Acoustic Wave Sensor Market
The Global Acoustic Wave Sensor Market was valued at USD 435.21 million in 2016 and is projected to reach USD 1082.09 million by 2025, growing at a CAGR of 10.65% from 2017 to 2025.
An Acoustic Wave Sensor uses mechanical waves to sense multiple phenomena from the device's environment, which are registered as changes in the wave's phase, amplitude, and frequency relative to some reference. Acoustic wave sensors are competitively priced, inherently rugged, very sensitive, and intrinsically reliable. Application fields of acoustic wave sensor include - automotive, medical, industrial and commercial applications.
1. Market Drivers
1.1 High scope of growth in automotive industry
1.2 Increasing security concerns
1.3 Rising demand for saw-based temperature sensors from end-user verticals
2. Market Restraints
2.1 Issues associated with energy consumption, and sensitivity
2.2 Availability of alternatives
The Global Acoustic Wave Sensor Market is segmented on the by device, type, parameter, vertical, and region.
1.1 Delay Lines
2. By Type:
2.1 Bulk Acoustic Wave Sensor
2.2 Surface Acoustic Wave Sensor
3. By Parameter:
4. By Vertical:
4.1 Food and Beverages
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Nanotemper Technologies GmbH
2. Transense Technologies PLC
3. Vectron International Inc.
4. Senseor Sas
5. Hawk Measurement Systems
6. Althen GmbH Mess- Und Sensortechnik
7. H. Heinz Meßwiderstände GmbH
8. Pro-Micron GmbH & Co. Kg
9. Qualtre Inc.
10. Sensor Technology Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Acoustic Wave Sensor Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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