Acoustic Wave Sensor Market 2019: Global Industry Analysis by Growth, Size, Share, Trends, Segmentation, Key Vendors and Opportunity Assessment by 2023
Market Research Future published a research report on “Acoustic Wave Sensor Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – October 9, 2019 /MarketersMedia/ —
Market Overview
Acoustic wave sensors are primarily used for the detection mechanism in different sectors such as automotive, defense, and telecommunications. In automotive, the sensors find wide application in measuring the tire pressure and torque. In medical fields, acoustic wave sensors are integrated to detect chemical components. These sensors are applicable to humidity, detect vapor, mass, and temperature in commercial and industrial uses. On account of to several emerging applications throughout the verticals, acoustic wave sensors witness a radical demand. Acoustic wave sensors are able to work wirelessly and passively at competitive price. Moreover, these are intrinsically reliable, very sensitive, and inherently rugged. As a result, the Acoustic Wave Sensor Market experiences impressive traction across the world.
The study recently conducted by Market Research Future (MRFR) states that, the global acoustic wave sensor market is anticipated to expand over USD 895 mn by 2023. The market is likely to register approximately 11 % CAGR over the forecast period 2017 – 2023.
Surging integration of acoustic wave sensors in different applications across burgeoning sectors defines the promising scope for the acoustic wave sensor market. Other factors propelling the market gains consists of the high demand for saw-based temperature sensors across the industries and the increasing concern towards surveillance and security & along with the surging employment of these sensors. Furthermore, technological progressions coupled with the rising industrialization and urbanization fuel the market growth considerably. Improving economic conditions offer encouragement to the development of the acoustic wave sensor market, accelerating the purchasing power and entree to the life quality of customers. However, factors such as the technical issues and computational cost related with sensitivity and energy consumption, are restricting the development of the global acoustic wave sensor market. Nonetheless, the growing demand from different verticals for smarter systems is estimated to support the market expansion, increasing consistently over the assessment period.
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Key Players
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.
Global Acoustic Wave Sensor Market – Segmentation
The global acoustic wave sensors market is segmented based on device, type, regions, and verticals. Based on device, the market is segmented into delay line, resonator, holographic tele presence, and holographic television, among others. By type, the market is segmented into surface acoustic wave sensor, bulk acoustic wave sensor, and others. Based on regions, the market is segmented into APAC, Europe, North America, and the Rest-of-the-World. By vertical, the market is segmented into automotive healthcare, defense, food & beverages, environment, and industrial acoustic wave sensor.
Global Acoustic Wave Sensor Market – Regional Analysis
The acoustic wave sensor markets in North America and Europe represent the largest share globally. Some of the key aspects leading the market growth encompass increasing demand for high-end technology services, the surging applications of acoustic sensors in the defense and aerospace sector, and swift technological advancement. The US market reflects the third largest share in driving the demand for global acoustic wave sensors and thus, holds a dominant position in the regional market. The America market is estimated to develop at a significant CAGR over the assessment period. The Asia Pacific market is playing crucial role in spurring the demand for acoustic wave sensor owing to the prevalence of many manufacturers within these sensors and the rising expansion of automotive sector. Moreover, the strict government norms, the growing demand for low-end automobiles, and approaches by prominent car designers to improve the safety provision in cars will enable the market to expand at a striking CAGR.
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Intended Audience
• Raw material providers
• Original equipment manufacturers
• Semiconductor component suppliers
• Acoustic Wave Sensor distributors
• Software solution providers
• Connectivity Service providers for hazardous equipment
• Research institutes and organizations
• Technology standards organizations
• Technology investors
• Research institutes,
• System Integrators
• Research/Consultancy firms
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 88926452
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