Global Acoustic Wave Sensor Market worth $721.13 Million by 2018

Tuesday 15 January 2013, Amsterdam

According to a new market research report "Global Acoustic Wave Sensor (SAW and BAW) Market - Forecast, Trend & Analysis - Segmentation by Sensing Parameters (Pressure, Temperature, Mass, Torque, Humidity, Chemical, Viscosity, Others), Applications and Geography (2013-2018)" , the value of acoustic wave sensor market was $256.0 million in 2012 and is expected to reach $721.13 million in 2018, at an estimated CAGR of 20.2% from 2013 to 2018. In terms of volume, the total number of acoustic wave sensors shipped was 848.81 million units in 2012 and is expected to reach 2,985.40 million units by 2018, at an estimated CAGR of 24.8% from 2013 to 2018.

This report aimed at identifying the entire market of acoustic wave sensors for various applications, and all its sub-segments through extensively detailed classifications in terms of both - revenue and shipments. This report is focused on giving a bird’s eye-view of the complete market with regards to application of acoustic wave sensors, with detailed market segmentations; combined with qualitative analysis at each and every aspect of the classifications done by applications (automotive, healthcare, military and aerospace, industrial, consumer electronics and others), geography (North America, Europe, APAC and ROW) and sensing parameter (temperature, pressure, mass, torque, viscosity, chemical vapor and others) . It also profiled 20 key acoustic wave sensor and component manufacturers. The report draws the competitive landscape of Acoustic Wave Sensor Market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.

In modern world, sensors are the need of the hour. Also, sensors have proved themselves as a continuously growing revenue stream due to increase in number of applications. Following the same trend, acoustic wave sensors have shown a significant growth in recent years across different industry verticals. The major applications of acoustic wave sensors are in industries, automotives, military and aerospace, consumer electronics, and healthcare. The largest application segment for acoustic wave sensors is the industrial segment due to their wireless and passive nature that makes them suitable for use on rotating components. The automotive segment follows as the second largest application segment with a growing number of applications of these sensors such as tyre pressure monitoring, emission control, torque measurement, etc. Another emerging segment for acoustic wave sensors is the healthcare industry where there is an immense need for wireless sensors with smaller form factor. The demand for reliable, high performance, and low cost sensors is increasing, leading to the development of new technologies like the microtechnology and nanotechnology offering opportunities like miniaturization, low power consumption, mass production, etc.