Acoustic wave sensors sense the multiple phenomena in the device’s environment with the help of mechanical waves. The change in the environment is registered as a change in the wave’s frequency, velocity, and amplitude with respect to some reference. These sensors are sensitive and very reliable. As there is major usage of acoustic sensors in TPMS, the increasing demand of TPMS (Tire pressure implementation system) systems in the automotive sector is expected to boost the overall growth of the global acoustic wave sensors market. Another important factor driving the acoustic sensor market is their wireless and passive nature. This implies that no power needs to be separately applied to the sensor as it gets the energy from interrogating RF pulse to excite the SAW and transmit its response.
The report analyses the acoustic wave sensor market with respect to sensing parameter, application, and geography. The application segment is subdivided into automotive, military & aerospace, consumer electronics, healthcare, industrial. Industrial and automotive segments are the leading segments, contributing over 68% to the total acoustic wave sensor market in 2015. Geographies covered in this report are North Americas, Europe, and Asia-Pacific.
The global acoustic wave sensor market is estimated at $387.12 million in 2015 and is projected to reach $1,183.52 million by 2020, at a CAGR of 25.0% from 2015 to 2020.
The consumption of acoustic sensors in the consumer electronics application segment is estimated to be 39.39 million units in 2015 and is expected to reach 157.35 million units by 2020, at a CAGR of 2.7% during the forecast period. The APAC region is estimated to account for a 30% share of the total market for acoustic sensors in 2015 and is expected to increase its share to 44.2% by 2020, surpassing the European market.
Some of the major players operating in the global acoustic sensors market include Applied Sensor Research & Development Corporation (U.S.), AVX Corporation (U.S.), Boston Piezo-Optics Inc. (U.S.), CeramTec (Germany), CTS Corp. (U.S.), Honeywell International, Inc. (U.S.), Kyocera Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan).Most of the companies have adopted various strategies, such as mergers & acquisitions and partnerships among others to sustain in the global acoustic wave sensor market.
