Global Acoustic Sensors Market - By Type (Surface Wave, Bulk Wave), Sensing Parameter (Temperature, Pressure, Mass, Torque, Humidity, Viscocity, Chemical Vapor), Application, Geography, Trends, Forecast - (2017 - 2022)

Published - Jan 2017 | Category - Electronics & Semiconductor | No. of Pages - 144 | Published By - Mordor Intelligence

Report Highlights

The Global Acoustic Sensors market is valued at USD 4.53 billion in 2016
and is expected to reach a value of USD 9.72 billion by the end of 2022,
growing at a projected CAGR of 13.55% during the forecast period of 2017 -
2022. Technological advancements, low manufacturing cost, and wireless and passive nature of the products are the major drivers for the lucrative growth of the acoustic wave sensors.

The growth of telecommunications market is another key factor contributing to the growth of the market. However, low mass sensitivity and conventional applications use other sensors instead of SAW sensors hindering the growth of the market. Growing demand for reliable, low cost and high performance sensors lead to the development of latest technologies like microtechnology and nanotechnology, offering miniaturization and mass production opportunities. The temperature, pressure, torque, and viscosity sensors are most widely used, but there will be a healthy growth of other sensors that measure mass and humidity in the future.

The acoustic sensors market is segmented on the basis of type, sensing parameters, end user industry, and geography. North America accounted for 35% market share of global market and is projected to lead the acoustic sensors market during the forecast period. The Asia Pacific region is expected to estimate a huge growth rate. The largest application segment for acoustic wave sensors is the industrial segment, followed by the automotive segment with a growing number of applications of these sensors in TPMS, emission control, and torque measurement. The emerging segment for acoustic wave sensors is the healthcare industry, where there is an enormous need for wireless sensors.

This report describes a detailed study of the Porter's five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.

The report also considers key trends that will impact the industry. Some of the key players mentioned in the report are

CTS Corporation

Honeywell International Inc.

Panasonic Corporation

Teledyne Microwave Solutions

Boston Piezo-optics Inc.

What the report offers

Market definition for the global acoustic sensors market along with identification of key drivers and restraints for the market.

Market analysis for the global acoustic sensors market, with region specific assessments and competition analysis on a global and regional scale.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.

Identification and analysis of the macro and micro factors that affect the global acoustic sensors market on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

 

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