Global acoustic wave sensor market is anticipated to witness growth owing to increasing number of application across different industry vertical. Competitive advantage of these devices over others technologies may drive demand. Even though temperature, pressure, torque and viscosity products have reached complete commercialization, more new application in future may drive the acoustic wave sensor market. They are anticipated to replace conventional product for verity of application sector owing to its passive nature, wireless operation and lesser response time. Increasing adoption in many application segments may drive demand over the forecast period demand. Technological advancement may propel demand especially in medical, consumer electronics and automobile segment.
Penetration of Micro Electro Mechanical System (MEMS) technology is expected to be a major driver over the forecast period. Development of new technology such as nanotechnology and microtechnology will offer opportunities such as low power consumption, miniaturization, and mass production. Low manufacturing cost over the forecast period may boost the demand among the various application segments. Low mass sensitivity may hinder revenue growth over the next seven years. Compatibility may hinder the demand as it requires several processes and technologies.
The industry can be segmented based on technology into Bulk Acoustic Wave (BAW) and Surface Acoustic Wave (SAW). SAW may show higher growth over the BAW as it is most commonly used for process monitoring application such as paper, pulp, oil and gas, petroleum etc. SAW is generated in Si-based micro structures that are anticipated to be helpful in the development of smarter devices. SAW may gain increase adoption in military, communication, safety monitoring, and industries application.
The Acoustic wave sensor market can also be segment based on application into automobile, industrial, defense, healthcare, and consumer electronics. Industrial and automobile sector are anticipated to be major application segment over the forecast period. Automobile segment is anticipated to show growth owing to increasing application such as torque measurement, tyre pressure monitoring, and emission control. In industrial and environmental segment acoustic sensors are used for combustion emission monitoring, work place monitoring and water quality management. Healthcare applications include point of care diagnostics and drug discovery & development.
Defense applications include chemical agent detectors and bio agent detector etc. Acoustic wave sensor market can also be classified based on sensing parameter into temperature, pressure, viscosity, humidity, mass, torque, and chemical vapor. Pressure and temperature variants are increasingly being used in industrial and automobile segment. North America and Europe is expected to show significant growth over the forecast period owing to safety related mandate for automobile industry. Asia-pacific is anticipated to be key regional market segment over next seven year owing to presence of emerging economies such as China, India, Japan etc. and emergence of large number of manufacturing industry. . Europe may see surge in demand owing to increasing use of it in application such as aerospace, automotive, healthcare, industrial sector and consumer electronics.
Key players include Honeywell International Inc., Burkert, Siemens AG, Electronic Sensor Technology Inc., GE Sensing Inc., Heinz H. , IntelliSAW Inc., CTS Corporation, Pro-micron, Vectron International Murata Manufacturing Co. Ltd., Mercury United Electronics, Panasonic Industrial solution, RF SAW Inc., NanoTemper Technologies GmbH, Boston Piezo Optics, Northrop Grumman Inc., Sensaction, Transense Technology plc., Vectron International Inc. In October 2014, NanoTemper Technologies GmbH acquired SAW Instruments to strengthen its technological capability.
In March 2015, Translogik, tyre management solution division of Transverse Technologies plc signed an agreement to supply tyre inspection probe to Rema Tip Top Holding. Sensor Technology offers various products using acoustic wave technology such as TorqSense RWt410/420, RWT450/460 and RWT430/440. In December 2012, CTC Corporation announced the acquisition of D&R Technology, which manufacturers custom designed sensors, electromechanical assemblies, and switches primarily serving the automotive light vehicle market. CTS Corporation serves various industries including automotive, communication, medical, computer, defense & aerospace and industrial.
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