Acoustic Wave Sensor Market Worth $1,183.52 Million by 2020

Aug 10, 2015, 14:00 ET from MarketsandMarkets

CHICAGO, August 10, 2015 /PRNewswire/ --

The report "Acoustic Wave Sensor Market by Sensing Parameter (Temperature, Pressure, Mass, Torque, Humidity, Viscosity), Application (Automotive, Military & Aerospace, Consumer Electronics, Healthcare and Industrial),  Geography - Forecast to 2020", published by MarketsandMarkets, the global acoustic wave sensor market is estimated at $387.12 Million in 2015 and is projected to reach $1,183.52 Million by 2020, at a CAGR of 25.0% from 2015 to 2020.

Browse 111 Tables and 62 Figures spread through 139 Pages and in-depth TOC on "Acoustic Wave Sensor Market"
Early buyers will receive 10% customization On this report.

Globally, it has become essential to implement Tire Pressure Monitoring System (TPMS) in light vehicles in order to avoid unsafe driving conditions. The purpose of the TPMS is to warn the driver that at least one or more tires are significantly under-inflated. The laws such as TREAD and EU TPMS issued by NHTSA (U.S.) and by EU legislation (Europe) respectively have made it mandatory to install TPMS in light vehicles. As there is major usage of acoustic wave sensors in TPMS, these regulations will be an important driver for the global acoustic sensor market in the coming years.

Ask For PDF Brochure:

The consumer electronics and healthcare sectors are also expected to provide huge opportunities for the acoustic wave sensor market in the coming years. Currently, the global acoustic sensor market is dominated by various market players, such as Vectron International (U.S.) and SENSeOR (France).

The global Acoustic Wave Sensor Market is expected to witness substantial growth in the near future. There is a growing adoption of acoustic wave sensor in various sectors, such as automotive, military & aerospace, consumer electronics, healthcare, industrial. The industrial application segment is leading the acoustic wave sensor market in 2015 with a market share of 42.9%. The consumption of acoustic wave sensors in the consumer electronics application segment is estimated to be 39.39 Million units in 2015 and is expected to reach 157.35 Million units by 2020, at a CAGR of 2.7% from 2015 to 2020. The global acoustic wave sensor market in North America is estimated to grow from $83.00 Million in 2015 to $163.40 Million by 2020, at a CAGR of 14.5% during the given forecast period.

The research study is aimed at identifying emerging trends and opportunities in the global acoustic wave sensor market along with detailed classifications, in terms of revenue and volume. It provides comprehensive competitive landscape and identifies the key players with respect to market size and market share. The research study also includes a detailed segmentation of the global acoustic wave sensor market, on the basis of application, sensing parameter, and geography.

Apart from the market segmentation, this report also makes use of the Porter's Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global acoustic wave sensor market.

The major players operational in the global acoustic wave sensor market are API Technologies (U.S.), Applied Sensor Research & Development Corporation (U.S.), AVX Corporation (U.S.), Boston Piezo-Optics Inc. (U.S.), CeramTec (Germany), CTS Corporation (U.S.), Honeywell International, Inc. (U.S.), Kyocera Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan). These companies have adopted various strategies, such as mergers & acquisitions and partnership, among others to achieve growth in the global acoustic wave sensor market.

 Browse Related Reports 

Distributed Temperature Sensing Market by Operating Principle (OTDR, OFDR), Fiber Type (Single-Mode, Multi-Mode), Application (Oil & Gas Production, Power Cable Monitoring, Fire Detection, Pipeline Leakage Detection) & Geography - Global Trends and Forecasts to 2014 - 2020

Digital Temperature and Humidity Sensor Market for Automotive Application by Technology (CMOS, MEMS, TFPT), Packaging Type (SMT, Pin Type), Application (Powertrain, Body Electronics, Alternative Fuel Vehicle), & Geography Forecast to 2020

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Mr. Rohan
1 South Dearborn Street,
21st Floor , Chicago, 
Illinois, 60603,
United States
Tel: + 1-888-600-6441
Visit MarketsandMarkets Blog@
Connect with us on LinkedIn @

SOURCE MarketsandMarkets