The growth in telecommunications market, technological developments such as micro technology and nanotechnology and low manufacturing are the key drivers for the market growth.
According to Publisher, the Global Acoustic Sensors market is accounted for $5.87 billion in 2015 and is expected to reach $14.81 billion by 2022 growing at a CAGR of 14.1%.
The market growth is presently being inhibited by replacement of Surface Acoustic Wave (SAW) Sensors with other sensors in conventional applications. The temperature, viscosity, torque, and pressure sensors are most extensively used, but there will be a strong growth of other sensors like mass and humidity in the future.
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North America accounted for more than 30% of market share and leads the acoustic sensors market during the forecast period. On the other hand, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period.
The largest application segment of the market is the industrial segment, followed by automotive segment with an increasing number of applications of these sensors in Tire pressure monitoring system (TPMS), emission control, and torque measurement. The emerging segment of the market is the healthcare industry, where there is a huge need for wireless sensors.
Some of the prominent players in global acoustic sensors market include Panasonic Corp., Honeywell International, AVX Corporation, Teledyne Microwave Solutions, Ceramtec, CTS Corporation, Epcos, Boston Piezo-Optics Inc., Vectron International, PAI Technologies Corp., Asr&D Corporation, Raltron Electronics Corporation, Senseor, Kyocera and Murata Manufacturing Co., Ltd.
Sensor Types Covered:
- Surface Wave Sensors
- Bulk Wave Sensors
Sensing Parameters Covered:
- Chemical Vapour
- Other Parameters
- Aerospace and Defence
- Consumer Electronics
- Other Applications
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- North America
o Rest of Europe
- Asia Pacific
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o South Africa
10 Company Profiling
10.1 Panasonic Corp.
10.2 Honeywell International
10.3 AVX Corporation
10.4 Teledyne Microwave Solutions
10.6 CTS Corporation
10.8 Boston Piezo-Optics Inc.
10.9 Vectron International
10.10 PAI Technologies Corp.
10.11 Asr&D Corporation
10.12 Raltron Electronics Corporation
10.15 Murata Manufacturing Co., Ltd.
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