The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Surface Acoustic Wave Sensor Market. The growth sectors of the Surface Acoustic Wave Sensor Market are identified with precision for a better growth perspective.
According to Market Research Future Analysis, Acoustic Wave Sensor market is anticipated to grow at a significant rate over the forecast period, 2017-2023.
According to Market Research Future, market has been segmented into type, device, vertical and region.
Acoustic wave sensors can be explained as micro electro mechanical systems which rely on the modulation of surface acoustic waves for sensing a physical phenomenon. The sensor helps to pass an electrical signal into a mechanical wave which can be easily influenced by physical phenomena. The factors such as high demand for saw-based temperature sensors from various sectors and growing concern toward security and surveillance are expected to boost the growth of the acoustic wave sensor market over the forecast period, 2017-2023.
On the basis of type, the market can be segmented into surface acoustic wave sensors and bulk acoustic wave sensors among others. Out of these, surface acoustic wave sensor accounted for the largest market share. The reason is attributed to its increasing adoption of acoustic wave sensors by various industries and high demand for sensors for security purposes. However, bulk acoustic wave sensor is expected to grow over the forecast period, 2017-2023.
On the basis of device, the market can be segmented into resonator and delay line among others. Out of these, resonator accounted for the largest market share. The reason is attributed to surface acoustic wave sensor resonators which are suitable for high-frequency applications. Also, resonators are mechanical and are not affected by the fluctuations in electricity supply or any sort of circuit voltage.
On the basis of vertical, the market can be segmented into defense, automotive, food & beverages, healthcare and environment among others. Out of these, automotive sector accounted for the largest market share majorly due to high adoption for advanced technologies such as micro electromechanical sensor (MEMS) technology used for pressure sensing in tire-pressure monitoring system and also for emission control sensors. However, defense and healthcare are expected to grow over the forecast period majorly due to increasing owing to the growing implementation of sensors for security purposes and for efficiency.
On the basis of region, the market can be segmented into North America, Europe, Asia-Pacific and Rest of the world.
The key players in the global acoustic wave sensor market include- Althen GmbH Mess- und Sensortechnik (Germany), Vectron International Inc. (US), Qualtre Inc. (US), SENSeOR SAS (France), NanoTemper Technologies GmbH (Germany), Transense Technologies plc (UK), Sensor Technology Ltd. (US), Pro-micron GmbH & Co. KG (Germany), Hawk Measurement Systems (Australia) and H. Heinz Meßwiderstände GmbH (Germany) among others.
By Region, MRFR analysis shows that, Asia-Pacific region is expected to grow over the forecast period majorly due to increasing implementations of various government initiatives, presence of large number manufacturers in this region and the growing implementation of MEMS technology in the automobile sector. Countries such as China, Japan and Australia contributes largely to the overall growth of the market.
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