Acoustic Sensors: Technologies and Global Markets to reach $5.4 billion by 2021
NEW YORK, June 26, 2017 /PRNewswire/ -- Highlights
· The global market for acoustic wave sensors should reach $8.2 billion by 2021 from $6.0 billion in 2016 at a compound annual growth rate (CAGR) of 6.5%, from 2016 to 2021.
· The market for surface acoustic wave sensors is expected to grow from $3.8 billion in 2016 to $5.4 billion in 2021 at a CAGR of 7.1% for the period 2016-2021.
· The bulk acoustic wave sensors segment of the acoustic wave sensors market is expected to grow from $2.2 billion in 2016 to $2.8 billion in 2021 at a CAGR of 5.4% for the period 2016-2021.
· The acoustic wave sensors market is divided broadly into two types: surface acoustic wave sensors and bulk acoustic wave sensors.
· The global demand for acoustic wave sensors is driven by the increasing demands from the aforementioned industries.
· The global market of acoustic wave sensors is growing, driven primarily by North America, Asia-Pacific and Europe regions.
· This report highlights the vendor landscape and provides detailed profiles of major companies.
· The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global market of acoustic wave sensors.
· It will also identify significant drivers behind the revenue growth in specific categories for these sensors.
· The objective of this type of systematic research is to quantify the projected impact of both the internal and the external forces affecting the industry of acoustic wave sensors currently, as well as those that will affect the industry for the next several years.
· This comprehensive report covers different types of acoustic wave sensors deployed for different types of industries.
· The market is categorized by the different types of acoustic wave sensors, applications and regional markets.
· Revenue forecasts from 2016 through 2021 are calculated for each type of acoustic wave sensors, their applications and regional markets, and the estimated values are derived from the total revenues of the manufacturers.
- The global market for acoustic wave sensors should reach
$8.2 billion by 2021 from $6.0 billion in 2016 at a compound annual growth rate (CAGR) of 6.5%, from 2016 to 2021.
- The market for surface acoustic wave sensors is expected to grow from $3.8 billion in 2016 to $5.4 billion in 2021 at a CAGR of 7.1% for the period 2016-2021.
- The bulk acoustic wave sensors segment of the acoustic wave sensors market is expected to grow from $2.2 billion in 2016 to $2.8 billion in 2021 at a CAGR of 5.4% for the period 2016-2021.
Introduction
Acoustic wave sensors are used widely in the following applications: telecommunications, automotive, industries consumer electronics, aerospace defense, healthcare and other applications for sensing parameters such as pressure, temperature, mass, torque, humidity, viscosity, chemical vapor and other parameters. The acoustic wave sensors market is divided broadly into two types: surface acoustic wave sensors and bulk acoustic wave sensors.
The global demand for acoustic wave sensors is driven by the increasing demands from the aforementioned industries. The global market of acoustic wave sensors is growing, driven primarily by North America, Asia-Pacific and Europe regions.
Growth in this global market is relatively strong, and the applications of acoustic wave sensors are expected to increase steadily. The market is expected to grow at a compound annual growth rate of 6.5% through 2021, primarily due to the growth in automotives, as well as in other industries such as telecommunications, consumer electronics and aerospace and defense.
This report highlights the vendor landscape and provides detailed profiles of major companies.
Study Goals and Objectives
The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global market of acoustic wave sensors. It will also identify significant drivers behind the revenue growth in specific categories for these sensors. The objective of this type of systematic research is to quantify the projected impact of both the internal and the external forces affecting the industry of acoustic wave sensors currently, as well as those that will affect the industry for the next several years.
Reasons for Doing This Study
The increasing demands for acoustic wave sensors can be seen in different industries such as automotives, consumer electronics and aerospace and defense, as well as in other industries. In addition, rising demands due to legislation such as the U.S. TREAD (Trade Related Entrepreneurship Assistance and Development) Act and the EU TPMS (tire pressure monitoring system) issued by the NHTSA (National Highway Traffic Safety Administration) and by the E.U., respectively, are expected to drive the market.
Scope of the Report
This comprehensive report covers different types of acoustic wave sensors deployed for different types of industries. The market is categorized by the different types of acoustic wave sensors, applications and regional markets. Revenue forecasts from 2016 through 2021 are calculated for each type of acoustic wave sensors, their applications and regional markets, and the estimated values are derived from the total revenues of the manufacturers.
The report also includes a discussion of the major players across each of the regional markets of acoustic wave sensors, and it explains the major market drivers of the global industry of acoustic wave sensors, current trends within the industry, major applications and the regional dynamics of the global market of these sensors.
The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global industry of acoustic wave sensors.
Information Sources
The findings and conclusions of this report are based on information gathered from both primary and secondary sources of research. The primary sources of information are industry association data, as well as interviews conducted with companies and distributors of acoustic wave sensors. Secondary sources consulted for the report include industry journals and publications, product literature, white papers, technical journals and financial reports of industry suppliers.
The base year for analysis and projection is 2015, and market projections have been developed from 2016 through 2021. These projections are based on a consensus among the primary contacts, coupled with an understanding of the key market drivers and their impact on historical and analytical perspectives. The analytical methodologies used to generate the market estimates are described in detail in the market analyses. All dollar projections presented in this report are in 2015 constant U.S. dollars.
Methodology
A descriptive study has been done with an analysis, using both quantitative and qualitative approaches, on the trends in the global market of acoustic wave sensors used in the automotive and other industries.
BCC Research collects data through various primary and secondary sources, interviews with industry vendors, white papers, business journals, public financial proceedings and market data obtained from the internet. The market data are assessed and validated considering interrelated market attributes and the impact of global economic variables.
The value of the market is then obtained through a combination of the bottom-up and top-down approaches, using exclusive market modeling tools to generate BCC Research's market data and forecasts.
Estimated values used are based on manufacturers' total revenues.
Geographic Breakdown
In this report, the regions considered for market analysis include only:
- North America – the U.S., Canada and Mexico.
- Europe – from Greenland (Denmark) to Russia and from Norway to Greece.
- Asia-Pacific – from Afghanistan to Japan and from Mongolia to New Zealand.
- South America – from Guatemala to Chile.
- ROW – all Middle East countries and the entire African region.
Intended Audience
This report is intended especially for manufacturers, suppliers, end users and others with vital interests in acoustic wave sensors.
Sales executives and managers shall find the report as an updated guide that would give them sufficient information on acoustic wave sensors, their major drivers, the new trends and other significant factors.
Summary and Highlights
Acoustic wave sensors are electronic devices that can measure the level of sound and frequency. These devices employ acoustic waves to detect pressure, temperature, mass, torque, humidity, viscosity and chemical vapor. Solid-state acoustic sensors have a coupling between the electric circuit and the mechanical surface, where the waves propagate.
The market for acoustic wave sensors is expected to grow, mainly due to an expected growth in the demand for automotives and industrial applications. The increasing demands from the telecommunications, automotive, building and construction, and mining industries will drive the acoustic wave sensors market until 2021.
The rising demands in regions such as North America and Europe due to legislation such as the U.S. TREAD (Trade Related Entrepreneurship Assistance and Development) Act and the EU TPMS (tire pressure monitoring system) issued by NHTSA (National Highway Traffic Safety Administration) and the E.U., respectively, are expected to drive the market until 2021.
Various industries and automotives are the major areas of applications, accounting for 28.8% and 27.6%, respectively, of the global market of acoustic wave sensors in 2016.
BCC Research projects that the global market of acoustic wave sensors will grow from nearly $6.0 billion in 2016 to nearly $8.2 billion by 2021, at a five-year compound annual growth rate (CAGR) of 6.5%.
Surface acoustic wave (SAW) devices are gaining popularity due to their increasing applications in different markets such as industrial, military, communications, safety monitoring and many more. These devices can be used in both liquid and gas environments since they are highly sensitive to surface changes. These have been helpful in the measurement of several parameters such as liquid density, pressure, temperature, electrical conductivity, liquid viscosity and so forth.
In the current market scenario, smart sensors are much in demand for consumer electronics, automotives and healthcare, as well as in some industrial sectors, such as textile, material manufacturing and food and beverage among others. Thus, the demand for SAW sensors will inflate, thereby fostering the growth of the global market of these sensors.
The demand for bulk acoustic wave sensors is growing rapidly in the marketplace, migrating from the military and high-end industrial markets into consumer wireless applications.
Major players in the global market of acoustic wave sensors in their respective regions include: North America
- API Technologies Corp.
- AVX Corp.
- Boston Piezo-Optics Inc.
- CTS Corp.
- Columbia Research Laboratories Inc.
- ECS Inc. International.
- Electronic Sensor Technology Inc.
- General Electric.
- GE Sensing Inc.
- Honeywell International Inc.
- IntelliSAW Inc.
- Invensense.
- Mercury United Electronics Inc.
- Phonon Corp.
- Physical Acoustics Corp.
- Raltron Electronics Corp.
- RF SAW Inc.
- Schmitt Industries Inc.
- Teledyne Microwave Solutions
- TriQuint Semiconductor Inc.
- Vectron International.
Europe
- Acoustic Sensing Technology.
- Bürkert Fluid Control Systems.
- EPCOS AG.
- CeramTec.
- Kistler Instrument Corp.
- NanoTemper Technologies GmbH.
- Northrop Grumman Corp.
- Pro-Micron GmbH & Co. KG.
- Roga Instruments.
- Senseor.
- SGX Sensortech Ltd.
- Siemens AG.
- Transense Technologies plc.
Asia-Pacific
- Epson Toyocom Corp.
- Kyocera Corp.
- Murata Manufacturing Co. Ltd.
- NEC Corp.
- Panasonic Corp.
- Rakon Ltd.
- Shoulder Electronics Ltd.
- Tai-SAW Technology Co. Ltd.
Read the full report: http://www.reportlinker.com/p04959556/Acoustic-Sensors-Technologies-and-Global-Markets.html
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