According to a new market report by Lucintel, the future of the global acoustic wave sensor market looks promising with opportunities in the automotive, military, industrial, food & beverages, healthcare, and environmental industries. The global acoustic wave sensor market is expected grow with a CAGR of 11% from 2020 to 2025. The major growth drivers for this market are increasing number of applications of acoustic wave sensor across different industry verticals along with their higher sensitivity, outstanding stability, rugged compact structure, and extremely small size properties. Also, the low cost of acoustic wave sensor is another factor that drives the growth of the market.
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In this market, surface acoustic wave sensor and bulk acoustic wave sensor are the major product types. Lucintel forecasts that the surface acoustic wave sensor segment is expected to witness the highest growth over the forecast period, as it is used to sense the occurrence of any change in frequency of various parameters, such as temperature, pressure, torque, chemical vapors, and so on.
Within this market, resonators will remain the largest device type segment over the forecast period because they use the vibration of piezoelectric materials and employ acoustic waves generated to high frequency circuits.
North America will remain the largest region over the forecast period due to technological advancements and growth of the military industry.
Honeywell International, Siemens, Burkert, GE Sensing, Pro-micron, IntelliSAW, Mercury United Electronics, and Boston Piezo Optics are among the major manufacturers of the global acoustic wave sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global acoustic wave sensor market by product type, device, sensing parameter, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Acoustic Wave Sensor Market” 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global acoustic wave sensor market by product type, device, sensing parameter, end use industry, and region as follows:
By Product Type [$M shipment analysis for 2014 – 2025]:
Surface Acoustic Wave Sensor
Bulk Acoustic Wave Sensor
By Device [$M shipment analysis for 2014 – 2025]:
By Sensing Parameter [$M shipment analysis for 2014 – 2025]:
Temperature
Pressure
Humidity
Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Military
Food & Beverages
Automotive
Industrial
Healthcare
Environmental
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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