Global Acoustic Wave Sensors Market To Reach $ 770.4 Million By 2024

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SAN FRANCISCO, August 6, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Acoustic Wave Sensors – Global Market Trajectory and Analysis”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.

FACTS AT A GLANCE
Editing: 8; Posted: May 2021
Executive pool: 644
Companies: 35 – Actors covered include Althen GmbH; Boston Piezo Optics Inc .; Christian Burkert GmbH & Co. KG; Campbell Scientific, Inc .; CTS Company; Dytran Instruments, Inc .; Electronic Sensor Technology Inc .; Hawk measuring systems; H. Heinz Mebwiderstande GmbH; ifm electronic GmbH; NanoTemper Technologies GmbH; Pro-micron GmbH; Qualtre Inc .; Sensor SAS; Sensor Technology Ltd .; Transense Technologies plc; Vectron International, Inc. and others.
Blanket: All major geographies and key segments
Segments: Device (resonators, delay lines); End-use application (military, automotive, industrial, food and beverage, other end-use applications); Detection parameter (temperature, pressure, humidity, mass, torque, other detection parameters); Type (Surface Acoustic Wave Sensor (SAW), Bulk Acoustic Wave Sensor (BAW))
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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ABSTRACT-

Global Acoustic Wave Sensors Market To Reach $ 770.4 million by 2024
Acoustic wave sensors are a class of microelectromechanical systems (MEMS) that transmit mechanical acoustic waves to detect environmental factors around the device, such as changes in frequency, amplitude, and wave phase relative to to certain references. Acoustic wave sensors are inherently reliable, inherently rugged, extremely sensitive, and competitively priced, making them a highly sought-after sensor technology in a range of end-use areas. Additionally, these devices in their advanced versions can be passively and wirelessly interrogated without the need for a sensor power source, to extend compatibility in new and next generation applications. In the telecommunications sector, acoustic wave devices are mainly used as acoustic wave filters in telecommunications base stations and mobile handsets; while in automotive applications, they are mainly used for torque sensing and tire pressure monitoring; for chemical detection in medical applications; and as humidity, vapor, mass and temperature sensors in industrial and commercial manufacturing environments.

The acoustic wave sensor contains a piezoelectric substrate, one or more interdigital transducers (IDT), and a propagation region. While the piezoelectric substrate is intended to generate electrical charges from mechanical force, the IDT is designed to convert electromagnetic waves into acoustic waves. Based on the concept of piezoelectricity, that is, the generation of electrical charges by inducing mechanical stress via a reciprocal mechanism, acoustic wave sensors exploit the piezoelectric material to produce the acoustic wave. In addition, these sensors deploy the reciprocal phenomenon to impose an oscillating electric field to generate a mechanical wave which travels through the substrate before being reconverted into an electric field, during which the measurement is carried out. Amid COVID-19 Crisis, Global Acoustic Wave Sensor Market Expected to Reach US $ 770.4 million by 2024, registering a compound annual growth rate (CAGR) of 9.8% over the analysis period. United States represents the largest regional market for the acoustic wave sensor, accounting for an estimated 29.6% share of the global total. The market is expected to reach US $ 237.5 million before the end of the analysis period. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 14.1% during the analysis period.

The market is expected to experience significant growth in the coming years, driven by an increasing number of technological applications. The passive nature and shorter response time as well as the wireless operating capability of acoustic wave sensors lead to the replacement of traditional sensors in several applications including consumer electronics, aerospace, healthcare, automotive, industrial and military segments. The automotive industry is seeing an increase in the number of applications requiring acoustic wave sensors, such as Tire Pressure Monitoring Systems (TPMS), torque sensing, emissions control, volume monitoring air pressure, exhaust gas pressure from the EGR system and engine management. Strict security mandates across Europe and North America among other regions, is also causing an increase in the application of acoustic wave sensors in the automotive industry. In addition, the increasing use of MEMS technology in the detection of acoustic waves is likely to improve the use of sensors.

The market is also expected to show robust growth in various vertical application sectors instead of the competitive advantages of these sensors over other sensor technologies. Acoustic wave viscosity, pressure, temperature and torque sensors are the major product categories that have achieved full commercialization, and it is widely predicted that acoustic wave sensor technology is expected to gain a foothold in several others as well. mechanisms.

With a strong presence in industrial and automotive applications in the form of pressure, temperature and torque sensors, acoustic wave sensors are likely to expand their footprint in the military, defense and aerospace sectors. , especially in applications where continuous and immediate information on machine health and process control is highly relevant. . High growth applications for acoustic wave sensors in aerospace include microwave components, fuel control systems, rotor tilts, suspension monitoring and control, auxiliary generators, drive control systems, nose gear steering systems, cockpit control systems and structural health monitoring (temperature, pressure, stress), among others. Low production costs and further reduction in device prices would boost the consumption of acoustic wave sensor solutions in rapidly growing applications such as automotive and healthcare. Following

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lobal Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.

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