Global Acoustic Wave Sensor Market growing at a CAGR of 11.2% from 2023 to 2030
Category : Automotive Services | Published Date : Jun 2023
Key Market Overview
The Global Acoustic Wave Sensor Market was valued at USD 872.98 Million in 2022 and is expected to register a compound annual growth rate of 11.2% to reach USD 2,003.69 Million in 2030.
The report highlights the increasing demand for advanced sensing technologies in industrial, environmental monitoring, and healthcare applications. Consegic Business Intelligence provides an inclusive research report on the acoustic wave sensor market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Acoustic Wave Sensor Market By Overview
The report analyses significant segments such as material, sensing parameter, wave type, end-user and region, to identify emerging trends and potential opportunities. The end-user segment is expected to grow due to the increasing adoption of acoustic sensors in consumer electronics devices such as smartphones, laptops, and tablets. Moreover, acoustic wave sensors are widely utilized in environmental monitoring applications to measure parameters such as temperature, pressure, and humidity in atmosphere. Furthermore, the increasing adoption of acoustic wave sensors in ADAS systems for the detection of nearby environment is accelerating the growth of the market.
Get Free SampleMarket Dynamics
Driver:
- The increasing adoption of ultrasonic sensors in automotive applications such as Advanced Driver-Assistance System (ADAS) is driving the growth of the market.
- The advancements in sensor technology such as the distributed fiber optic vibration technology is driving the growth of acoustic sensor market.
- The utilization of acoustic wave sensors in microphones and voice-control systems is accelerating the growth of the market.
Restraints:
- Reduction in the performance of acoustic sensors due to signal interference is hindering the growth of the market.
- The limited range of acoustic wave sensors for sensing different parameters is restraining the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Material | Quartz, Gallium Arsenide, Silicon Carbide, and Others |
| By Sensing Parameter | Temperature, Pressure, Humidity, Torque, Viscosity, and Others |
| By Wave Type | Surface Acoustic Wave Sensor and Bulk Wave Acoustic Sensor |
| By End-User | Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Industrial, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The Global Acoustic Wave Sensor Market is highly competitive due to the presence of major players such Murata Manufacturing Co., Ltd., KYOCERA Corporation, Panasonic Corporation, APITech, Bürkert GmbH & Co. KG, CeramTec GmbH, Columbia Research Laboratories operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in acoustic wave sensor market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Murata Manufacturing Co., Ltd.
- KYOCERA Corporation
- Bürkert GmbH & Co. KG
- APITech
- CeramTec GmbH
- Columbia Research Laboratories
- Microchip Technologies Inc.
- Dytran Instruments Incorporated
- Siemens