Surface Acoustic Wave Sensor Market is expected to reach USD 895 Million by 2023
Surface Acoustic Wave Sensor Market
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
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.
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.
Acoustic 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 sensor helps to pass an electrical signal into a mechanical wave which can be easily influenced by physical phenomena. The factors such as high demand for saw-based temperature sensors from various sectors and growing concern toward security and surveillance are expected to boost the growth of the acoustic wave sensor market over the forecast period, 2017-2023.
On the basis of type, the market can be segmented into surface acoustic wave sensors and bulk acoustic wave sensors among others. Out of these, surface acoustic wave sensor accounted for the largest market share. The reason is attributed to its increasing adoption of acoustic wave sensors by various industries and high demand for sensors for security purposes. However, bulk acoustic wave sensor is expected to grow over the forecast period, 2017-2023.
On the basis of device, the market can be segmented into resonator and delay line among others. Out of these, resonator accounted for the largest market share. 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.
On the basis of vertical, the market can be segmented into defense, automotive, food & beverages, healthcare and environment among others. 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. However, defense and healthcare are expected to grow over the forecast period majorly due to increasing owing to the growing implementation of sensors for security purposes and for efficiency.
On the basis of region, the market can be segmented into North America, Europe, Asia-Pacific and Rest of the world.
The 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.
More Information@ https://www.marketresearchfuture.com/reports/acoustic-wave-sensor-market-4220
About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.Contact:Market Research Future+1 646 845 9312Email: [email protected]