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Key Takeaways from the Latest Study On the Global “Acoustic Wave Sensor” Market

The global market for Acoustic Wave Sensor is projected to reach US$835.9 million by 2025, driven by emerging new applications among which the automotive industry stands out as having the biggest revenue impact.

Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Acoustic Wave Sensor market. The segments covered in the study include Device (Resonators, Delay Lines); End-Use Application (Military, Automotive, Industrial, Food & Beverages, Other End-Use Applications); Sensing Parameter (Temperature, Pressure, Humidity, Mass, Torque, Other Sensing Parameters); and Type (Surface Acoustic Wave (SAW) Sensor, Bulk Acoustic Wave (BAW) Sensor).

21 June 1:36 A.M., California/Marketwire/ - According to the new market research report, the global market for Acoustic Wave Sensor is projected to reach US$835.9 million by 2025 driven by emerging new applications among which the automotive industry stands out as having the biggest revenue impact. Opportunities for acoustic wave sensor are expanding in tandem with the growing importance of automotive sensing. Currently, torque and tire pressure sensors utilize surface acoustic wave (SAW) sensors. Their use has grown significantly over the years, supported by falling sensor costs. As these sensors can be manufactured with repeatable quality, they are mass produced and enjoy economies of scale responsible for their lower cost of production. SAW sensors are effective in measuring angular velocities and therefore find use in monitoring rotating components in an automobile.

Another emerging application area is in the field of autonomous vehicles. For autonomous cars to become safe and evolve from semi-autonomous cars to level 4 and 5 vehicles, requires accurate and foolproof detection and localization of objects. Sound waves are emerging into the spotlight for their ability to help the vehicles sense its surroundings. In other words, acoustic signal source location is the most foolproof way to detect approaching vehicles and objects. Although, light detection and ranging (LiDAR) sensors have been used, the technology has its fair share of drawbacks ranging from high costs, inability to scan long distances to limitations in identifying color changes. Acoustic wave sensors, on the other hand, have a much higher reliability and safety index, as they rely on modulation of surface acoustic waves to sense objects and surroundings. Over the long-term, these sensors will play a pivotal role in direction-of-arrival (DOA) estimation in autonomous vehicles. Currently, however they hold the potential to be used as a redundant system along with LiDAR systems to provide additional safety.

With sensor fusion being the new flavor, accurate sound source localization will involve combining data from Lidar sensors and multiple acoustic sensors. Development of new noise cancelling and filtering processes and technologies will enhance reliable of sound location, given that vehicles often operate in cluttered and noisy environments. In the industrial sector, the progress being made in intelligent industrial sensing will also spur opportunities for growth. Industrial sensing involves monitoring process environment and acoustic wave sensors find uses in measuring vapor, humidity, and temperature. A noteworthy new opportunity in this space is its promising use in machine condition and structural health monitoring (SHM) applications. Acoustics based condition monitoring is gaining prominence and is based on the simple principle that healthy working machines have a stable noise spectrum and any spectrum changes can indicate equipment failure/malfunctioning. In the telecommunications market, one the well-established application areas, growth will be driven by growing adoption of wireless networks and the ensuing demand for bulk acoustic wave (BAW) sensors.

In the medical sector, attractive opportunities lie in wait as acoustic-based biosensors gain research momentum and new applications emerge in POC testing for respiratory diseases and blood pressure measurement. The United States and Europe represent large markets worldwide with a combined share of 55.9% of the market. China ranks as the fastest growing market with a CAGR of 14.1% over the analysis period. Growth in the country is supported by robustly growing sensor applications as the country's witnesses pioneering uses of cutting-edge technologies i.e. sensor-rich agricultural mechanization; sensor enabled industrial/manufacturing automation; and other sensor embedded applications in smart cities and smart transportation, among others.

Key Competitors Covered in the Report
Althen GmbH
Boston Piezo Optics Inc.
Christian Burkert GmbH & Co. KG
Campbell Scientific, Inc.
CTS Corporation
Dytran Instruments, Inc.
Electronic Sensor Technology Inc.
Hawk Measurement Systems
H. Heinz Mebwiderstande GmbH
ifm electronic GmbH
NanoTemper Technologies GmbH
Pro-micron GmbH
Qualtre Inc.
Senseor SAS
Sensor Technology Ltd.
Transense Technologies plc
Vectron International, Inc.

Geographies Analyzed in the Report
United States
Canada
Japan
China
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
Africa

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Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 644. Among this pool, 129 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 26 unique participations, a total of 12 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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