[Latest] Global Acoustic Wave Sensors Market Size/Share Worth USD 1750 Billion by 2030 at a 16% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Acoustic Wave Sensors Market size & share revenue was valued at approximately USD 707 Billion in 2021 and is expected to reach USD 822 billion in 2022 and is expected to reach around USD 1750 Billion by 2030, at a CAGR of 16% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Vectron International, Qualtre Inc., SENseOR, Sensor Technology Ltd., Nanotemper, Transense Technologies plc, DJB Instruments, Defiant Technologies , Pro-micron GmbH & co. KG, Heinz Meßwiderstände GmbH, Hawk Measurment Systems, Siemens AG, and others.


Austin, TX, USA, July 11, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled Acoustic Wave Sensors Market Size, Trends and Insights By Type (Surface Acoustic Wave, Bulk Acoustic Wave), By Devices (Resonator, Delay Line), By Application (Food and Beverages, Military, Automotive, Industrial, Healthcare, Environmental), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 in its research database.

“According to the latest research study, the demand for global Acoustic Wave Sensors Market size & share was valued at approximately USD 707 Billion in 2021 and is expected to reach USD 822 Billion in 2023 and is expected to reach a value of around USD 1750 Billion by 2030, at a compound annual growth rate (CAGR) of about 16% during the forecast period 2022 to 2030.”

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Acoustic Wave Sensors Market: Overview

Microelectromechanical systems (MEMS) known as acoustic wave sensors use mechanical acoustic waves to transmit signals that may detect changes in frequency, amplitude, as well as wave phase in relation to a reference in the environment. Acoustic wave sensor devices are highly sought-after sensor technology in a variety of end-use domains because they are inherently dependable, inherently tough, extraordinarily sensitive, and competitively priced. Furthermore, to increase interoperability with new and next-generation applications, these devices’ updated versions can be continued as well as wirelessly questioned without the requirement for a sensor power supply.

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Market dynamics

Drivers

With qualities like passive operation, a fast turnaround time, and wireless nature, acoustic wave sensors outperform conventional sensors in a competitive environment. Surface acoustic wave-based temperature sensors provide a wide range of sensing temperatures, a higher reaction rate, accuracy, and low cost. This is a major driver fueling the expansion of the world market for acoustic wave sensors. Other factors anticipated to spur market growth throughout the projection period are acoustic wave sensors’ higher sensitivity, higher level of stability, compact structure, exceptionally tiny size, and low price. However, when they come into contact with a liquid, compressional waves may result in severe surface attenuation, making them feeble.

On the other hand, expanding traffic management challenges need the inclusion of an audio warning system in new hybrid and electric vehicles. During the anticipated time frame, this is anticipated to develop rapidly. Furthermore, the market for acoustic wave sensors is projected to develop rapidly due to the widespread use of smartphones as well as base stations. The main market for acoustic wave sensors is the telecommunications sector.

Restraints

The market share of acoustic wave sensors is projected to be hampered by significant limitations such as energy consumption and sensitivity that results in technical issues. It is also projected that the use of alternative sensors in place of saw-based sensors in conventional applications will provide a challenge to the expansion of the market share for acoustic wave sensors. On the other hand, there is a need for sensors with a longer lifespan or no maintenance when it comes to harsh circumstances, which could be caused by radiation or heat. However, because severe temperatures are not required for the operation of these sensors, the penetration of acoustic wave sensors will be constrained in the upcoming years.

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Opportunities

To ensure safety in the automotive industry constant research and development in The field will lead to the growth of the market during the forecast. In recent years the automotive industry has become extremely efficient and sophisticated. The use of sensors will continue to grow in the coming years as this industry focuses on reducing the accidents that are caused due to different reasons and they are also focusing on reducing the impact which is felt by the passengers or even the vehicle. The use of acoustic wave sensors has increased as it helps in avoiding all of these conditions. Increasing awareness regarding the safety and the use of the sensors has made the governments of various regions take necessary steps in order to ensure the safety of the passengers and the vehicle.

Challenges

When it comes to extreme conditions which could be due to radiation or heat the demand for sensors that have no need of maintenance or that have a longer life is needed. But the penetration of the acoustic wave sensors will be limited in the coming years as extreme temperatures are not available for the working of these sensors.

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Key questions answered in this report:

  • What is the size of the Acoustic Wave Sensors market and what is its expected growth rate?
  • What are the primary driving factors that push the Acoustic Wave Sensors market forward?
  • What are the Acoustic Wave Sensors Industry's top companies?
  • What are the different categories that the Acoustic Wave Sensors Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Acoustic Wave Sensors market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Segmental Overview

The surface acoustic wave segment will have a larger market share in the coming years. As they help in understanding the changes in the frequency their market is expected to grow well in the coming year. This helps in understanding the changes in the torque, pressure as well as temperature. The changes in any of these features or sensed by the sensors due to the availability of the molecules on the substrate coating. Any alterations of the concentration in any particular chemical or sensed by the SAW sensors.

The resonator segment will dominate the market in the coming years. This segment had the largest market share in the past in terms of revenue and it will continue to grow well in the coming years. Vibrations of the piezoelectric materials are used by the resonators which help in sending the acoustic waves to the circuit with high frequency.

When it comes to the sensing parameter the use of the sensors is expected to be more for understanding the changes in the temperature. The segment will have the largest market share in terms of revenue and it will continue to grow well in the coming years. Apart from sensing the temperature these sensors also help in sensing many other parameters like humidity and pressure.

Regional Snapshots

Due to safety-related mandates for the automotive industry, North America and Europe are predicted to experience significant growth during the projected period. Over the next seven years, the Asia-Pacific is expected to be a major regional market for acoustic wave sensors because of the presence of developing nations like China, India, and Japan as well as the growth of several industrial enterprises there. Due to the sensors’ expanding use in industries like aerospace, automotive, healthcare, the industrial sector, and consumer electronics, Europe may experience a boom in demand.

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Report Scope

Feature of the Report Details
Market Size in 2021 USD 707 Billion
Projected Market Size in 2030 USD 1750 Billion
CAGR Growth Rate 16% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players Vectron International, Qualtre Inc., SENseOR, Sensor Technology Ltd., Nanotemper, Transense Technologies plc, DJB Instruments, Defiant Technologies, Pro-micron GmbH & Co. KG, Heinz Meßwiderstände GmbH, Hawk Measurment Systems, Siemens AG, and Others
Key Segment By Type, Devices, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

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Key Market Players in the Acoustic Wave Sensors Market

  • Vectron International
  • Qualtre Inc.
  • SENseOR
  • Sensor Technology Ltd.
  • Nanotemper
  • Transense Technologies plc
  • DJB Instruments
  • Defiant Technologies
  • Pro-micron GmbH & co. KG
  • Heinz Meßwiderstände GmbH
  • Hawk Measurment Systems
  • Siemens AG

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Recent Developments

  • SAW Instruments was acquired by NanoTemper as the organization aims at expanding the methodological portfolio for the analysis of biomolecular interactions.

Segments covered in the acoustic wave sensors market

By Type

  • Surface acoustic wave
  • Bulk acoustic wave

By Devices

  • Resonator
  • Delay line

By Application

  • Food and beverages
  • Military
  • Automotive
  • Industrial
  • Healthcare
  • Environmental

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On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Acoustic Wave Sensors Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Acoustic Wave Sensors Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Acoustic Wave Sensors Market? What Was the Capacity, Production Value, Cost and PROFIT of the Acoustic Wave Sensors Market?
  • What Is the Current Market Status of the Acoustic Wave Sensors Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Acoustic Wave Sensors Market by Considering Applications and Types?
  • What Are Projections of the Global Acoustic Wave Sensors Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Acoustic Wave Sensors Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Acoustic Wave Sensors Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are the Market Dynamics of the Acoustic Wave Sensors Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Acoustic Wave Sensors Industry?

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Reasons to Purchase Acoustic Wave Sensors Market Report

  • Acoustic Wave Sensors Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • The Acoustic Wave Sensors Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Acoustic Wave Sensors Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • The Acoustic Wave Sensors Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Acoustic Wave Sensors market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Acoustic Wave Sensors market analysis.
  • The competitive environment of current and potential participants in the Acoustic Wave Sensors market is covered in the report, as well as those companies' strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Acoustic Wave Sensors market should find this report useful. The research will be useful to all market participants in the Acoustic Wave Sensors industry.
  • Managers in the Acoustic Wave Sensors sector are interested in publishing up-to-date and projected data about the worldwide Acoustic Wave Sensors market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Acoustic Wave Sensors products' market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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