The acoustic wave sensors market is poised for remarkable growth, projected to reach an impressive valuation of US$ 2,729.5 Million by the year 2033, showcasing a robust CAGR of 11.1%. The increasing demand for precise and real-time sensing applications across various industries, including automotive, healthcare, and industrial sectors, is a key driving force behind this anticipated market expansion.
Acoustic wave sensors, known for their ability to detect and measure physical parameters through acoustic signals, have gained substantial traction due to their efficiency and reliability. As technological advancements continue to enhance sensor capabilities and applications, the Acoustic Wave Sensors Market is expected to witness sustained growth, offering innovative solutions to meet evolving industry needs.
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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.
Key Takeaways from the Acoustic Wave Sensors Market Report:
- 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 by the fact 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.
Competitive Acoustic Wave Sensors Market:
- SenGenuity is known for its wireless temperature sensor measuring temperatures up to 600 degrees Celsius by making use of acoustic technology.
- Quatre has its second-generation BAW MEMS gyroscopes that are reported to be stable and reliable environments as they offer shock/vibration rejection as well as stability for a broad frequency range.
- Clere Electronics Ltd. is known for partnering with SENSeOR to distribute the latter’s wireless passive SAW sensors as well as monitoring solutions for usage in energy and industrial sectors.
- Transense Technologies PLC, through a strategic partnership with GE Aviation, announced in February 2019 that surface acoustic wave sensors would be used in the US Army turbine engine program.
- Taiyo Yuden, in February 2022, announced that it had collaborated with TTI, Inc. so that it could expand its existence in automotive and electrification verticals and communication infrastructure.
- Microchip Technology, in December 2021, did announce the notable expansion of the 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 the company’s SAW sensors and MEMS oscillators, along with highly integrated MCUs and RF transceivers (WiFi MCUs) support 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.
- Some Leading Key Players: Honeywell International Inc., Siemens AG, Electronic Sensor Technology, General Electric Company, CTS Corporation, Transense Technology Plc., AVX Corporation, Kyocera Corporation, SENSeOR S.A.S, Vectron International Inc., Microsemi, Qualtre Inc., NanoTemper Technologies GmbH, Althen GmbH Mess-und Sensortechnik, pro-micron GmbH, H. Heinz Meßwiderstände GmbH, Hawk Measurement Systems, Abracon, A D METRO INC., API Technologies Corp., etc.
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What does the Report sense?
- The research study is based on propagation mode (Rayleigh 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.
Acoustic Wave Sensors Market Segmentation:
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
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