Acoustic Wave Sensor Market Worth 868.3 Million USD by 2023
PUNE, India, July 21, 2017 /PRNewswire/ --
According to the new market research report "Acoustic Wave Sensor Market by Type (Surface Acoustic Wave, Bulk Acoustic Wave), Device (Resonator, Delay Line), Sensing Parameter (Temperature, Pressure, Humidity), Vertical (Military, Automotive, Industrial) and Geography - Global Forecast to 2023", published by MarketsandMarkets(TM), the Acoustic Wave Sensor Market was valued at USD 422.8 Million in 2016 and is expected to reach USD 868.3 Million by 2023, at a CAGR of 10.7% between 2017 and 2023.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 62 Market Data Tables and 38 Figures spread through 139 Pages and in-depth TOC on "Acoustic Wave Sensor Market - Global Forecast to 2023"
http://www.marketsandmarkets.com/Market-Reports/acoustic-wave-sensor-market-914.html [http://www.marketsandmarkets.com/Market-Reports/acoustic-wave-sensor-market-914.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]
Early buyers will receive 10% customization on this report
The acoustic wave sensor market is driven by factors such as the growing adoption of acoustic wave sensors by various industries and the increasing demand for acoustic wave sensors for security and surveillance in verticals such as industrial, automotive, military, and healthcare.
Resonator expected to hold largest size of market based on device during forecast period
The resonator segment is anticipated to hold the largest share in the acoustic wave sensor market. Surface acoustic wave (SAW) resonators are independent of the mass of the piezoelectric substrate and, therefore, are suitable for high-frequency applications. The vibrations generated in SAW resonators are mechanical and are not affected by the fluctuations in electricity supply or peripheral circuit voltage, which is the primary factor contributing to the growth of the market.
Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=914 [http://www.marketsandmarkets.com/pdfdownload.asp?id=914&utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]
Automotive expected to hold largest size of market based on vertical by 2023
The automotive vertical is anticipated to hold the largest share of the acoustic wave sensor market. The microelectromechanical sensor (MEMS) technology is an example for automotive applications such as pressure sensing in tire-pressure monitoring system (TPMS), emission control sensors, torque sensors, and inertia sensors.
Market for torque sensing expected to grow at highest CAGR between 2017 and 2023
The acoustic wave sensor market for the torque sensing parameter is expected to grow at the highest CAGR during the forecast period. Growing trend toward electrical power steering and condition-based maintenance in vehicles is the main factor contributing to the high growth of the market for the torque sensing parameter in automobiles.
Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=914 [http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=914&utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]
Market in APAC anticipated to grow at highest CAGR between 2017 and 2023
APAC is one of the largest manufacturing hubs in the world for the automobiles, and the growing integration of acoustic wave sensor systems in automobile applications is likely to boost the acoustic wave sensor market in this region. This market is expected to grow at the highest pace during the forecast period.
Major players involved in the acoustic wave sensor market include Althen GmbH Mess- und Sensortechnik (Germany), Vectron International Inc. (US), Qualtre Inc. (US), SENSeOR SAS (France), NanoTemper Technologies GmbH (Germany), Transense Technologies plc (UK), Sensor Technology Ltd. (US), Pro-micron GmbH & Co. KG (Germany), Hawk Measurement Systems (Australia), and H. Heinz Messwiderstande GmbH (Germany).
Browse Related Reports
Distributed Fiber Optic Sensing Market (DFOS) by Operating Principle (OTDR, OFDR), Fiber Type (Single-Mode, Multimode), Scattering Process (Raman Effect, Rayleigh Effect), Application (Temperature, Acoustic), Vertical, and Region - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/distributed-fiber-optic-sensor-market-1137 15879.html [http://www.marketsandmarkets.com/Market-Reports/distributed-fiber-optic-sensor-market-113715879.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]
Distributed Acoustic Sensing (DAS) Market by Fiber Type (Single Mode, Multimode), by Vertical (Military, Oil & Gas (Oilfield Services and Pipeline Integrity), Infrastructure, Transportation) & by Geography - Global Forecast to 2015 - 2020 http://www.marketsandmarkets.com/Market-Reports/distributed-acoustic-sensing-market-313003 69.html [http://www.marketsandmarkets.com/Market-Reports/distributed-acoustic-sensing-market-31300369.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp [http://www.marketsandmarkets.com/Knowledgestore.asp?utm_source=PRNewswire&utm_medium=Referral&utm_campaign=Subscription_AT ]
About MarketsandMarkets(TM)
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) 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. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets'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.
Contact:
Mr. Rohan
MarketsandMarkets(TM)
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Photo:
http://photos.prnewswire.com/prnh/20160303/792302
SOURCE MarketsandMarkets
