The global acoustic wave sensors market was worth US$ 850 Million in the year 2022 and is expected to reach US$ 2.44 Billion by the year 2032 at a remarkable CAGR of 11.1% between 2022 and 2032.
The end-use applications of acoustic wave sensors in the present scenario include consumer electronics, medicines, and automobiles. These sectors are bound to render the acoustic wave sensors market unstoppable going forward.
Need for security and surveillance in several industries is expected to witness exponentiation in the forecast period, resulting in increase in demand for acoustic wave sensors. Besides, these sensors are capable of withstanding higher temperatures, thereby operating in harsh environments.
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The extended applications include cylinder heat temperature management, outside air temperature management, active in-vehicle temperature management, and engine coolant temperature management.
At the same time, excessive consumption of energy coupled with sensitivity-causing technical glitches could restrain the acoustic wave sensors market going forward.
Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Acoustic Wave Sensors Market’. It has its team of analysts and consultants to look through a 360-degree approach in its primary, secondary, and tertiary modes of research.
“Lower production costs coupled with technological advancements are expected to keep the cash registers ringing for acoustic wave sensors market going forward”, says an analyst from Future Market Insights.
Key Takeaways from Acoustic Wave Sensors Market
- North America holds more than 30% of the market share due to autonomous cars substantially penetrating the US. This, in turn, asks for more number of retro-reflective sensors that are needed for parking assistance systems.
- Europe holds the second-largest market share with the UK, Germany, and Italy leading from the front. This could be reasoned with the facts that these countries are amongst the manufacturing hubs of automobiles.
- The Asia-Pacific is expected to grow at the fastest rate in the acoustic wave sensors market with South Korea, Japan, and India being the flagbearers. The status quo is expected to remain unchanged even going forward.
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Competitive Acoustic Wave Sensors Market
- SenGenuity is known for its wireless temperature sensor measuring temperatures up to 600-degree Celsius by making use of acoustic technology.
- Qualtre has its second-generation BAW MEMS gyroscopes that is reported to be stable and reliable environment as it does offer shock/vibration rejection as well as stability for broad frequency range.
- Clere Electronics Ltd. is known for partnering with SENSeOR for distributing the latter’s wireless passive SAW sensors as well as monitoring solutions for usage in energy and industrial sectors.
- Transense Technologies PLC, through strategic partnership with GE Aviation, did announce in February 2019 that surface acoustic wave sensor would get used in the US Army turbine engine program.
- Taiyo Yuden, in February 2022, did announce that it had collaborated with TTI, Inc. so that it is able to expand the existence in automotive and electrification verticals and communication infrastructure.
- Microchip Technology, in December 2021, did announce notable expansion of GaN (Gallium Nitride) Radio Frequency (RF) power device portfolio with novel MMICs along with discrete transistors to cover frequencies up to 20 GHz. It has been found that company’s SAW sensors and MEMS oscillators, along with highly integrated MCUs and RF transceivers (WiFi MCUs) supporting major short-range wireless communication protocols (from WiFi and Bluetooth to LoRa).
- The Naval Air Systems Command, in December 2021, did announce inking a contract worth US$ 222.3 Million with ERAPSCO for building close to 18K AN/SSQ-125 multi-static sonobuoys to facilitate airborne ASW operations. Sonobuoy comes across as one of the disposable electromechanical ASW acoustic sensors capable of being launched into the air. It could relay underwater sounds from submarines and ships.
What does the Report sense?
- The research study is based on propagation mode (Reyleigh surface wave sensors, shear-horizontal surface, bulk, thickness shear mode resonators, and shear-horizontal acoustic plate mode sensor), and end-user (military, automobile, industrial, healthcare, and food & beverages).
- Exorbitant penetration of MEMS (Micro Electro Mechanical Systems) and nanotechnology in the electronics vertical is expected to take the acoustic wave sensors market by storm in the forecast period.
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Key Segments Profiled in the Acoustic Wave Sensors Market Survey
By Propagation Mode:
- Rayleigh Surface Wave Sensors
- Shear-Horizontal Surface
- Bulk
- Thickness Shear Mode Resonators
- Shear-Horizontal Acoustic Plate Mode Sensor
By End User:
- Military
- Automobile
- Industrial
- Healthcare
- Food & Beverages
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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