Acoustic Wave Sensors Market Scope
Acoustic wave sensor is considered as one of the important sensor micro-electromechanical systems. The sensor is used to convert an electric signal into physical movement in the form of mechanical wave. The sensor is very sensitive with respect to the change in the surface environment. Increasing technological advancement in sensing technologies, increasing adoption acoustic wave sensor in the automotive and healthcare sector and low cost of the acoustic wave sensor are the major drivers for the market. Additionally, rising usage of acoustic wave sensors for security and surveillance purpose is supplanting the growth of the market. However, lesser compatibility of acoustic wave sensors with other products and increasing technical problems associated with sensing and energy consumption are the factors that have been limiting the overall growth of the market. Moreover, increasing use of surface acoustic wave sensor due to advancement in mobile infrastructure and the sensor has a potential to replace many conventional products due to its features and benefits such as less response time, wireless operation, and passive nature can create a huge opportunity for the market in the coming years.
According to AMA, the Global Acoustic Wave Sensors market is expected to see growth rate of 11.23%In the last couple of decades, the global acoustic wave sensor market was highly concentrated to very few players including Vectron International Inc., Qualtre, Inc., SENSeOR SAS, and few others. Thus the market was showing strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in acoustic wave sensor manufacturing has favored a number of new entrants to gain market share from the local market. The global leaders business might be affected due to new entrants. Moreover, the global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in a moderately competitive environmentThe Players having a strong hold in the market are Vectron International Inc., Qualtre, Inc., SENSeOR SAS, Sensor Technology Ltd.,. Research Analyst at AMA estimates that United States and European Players will contribute to the maximum growth of Global Acoustic Wave Sensors market throughout the predicted period.
Vectron International Inc. (United States), Qualtre, Inc. (United States), SENSeOR SAS (France), Sensor Technology Ltd. (United States), NanoTemper Technologies GmbH (Germany), Althen GmbH Mess- und Sensortechnik (Germany), Transense Technologies plc (United Kingdom), pro-micron GmbH & Co. KG (Germany), H. Heinz Meßwiderstände GmbH (Germany) and Hawk Measurement Systems (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Qualtre Inc (United States), AVX Corporation (United States) and Boston Piezo-Optics (United States).
Segmentation Overview
The study have segmented the market of Global Acoustic Wave Sensors market , by Application (Military, Aerospace, Healthcare, Automotive, Consumer Electronics, Industrial and Others) and Region with country level break-up.
On the basis of geography, the market of Acoustic Wave Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Usage of Acoustic Wave Sensors for Security and Surveillance Purpose
Market Growth Drivers:
Increasing Technological Advancement in Sensing Technologies, Increasing Adoption Acoustic Wave Sensor in Automotive and Healthcare Sector and Low Cost of the Acoustic Wave Sensor
Challenges:
Increasing Technical Problems Associated with Sensing and Energy Consumption
Restraints:
Lesser Compatibility of Acoustic Wave Sensors with Other Products
Opportunities:
Increasing Use of Surface Acoustic Wave Sensor due to Advancement in mobile infrastructure and Potential to replace many conventional Products due to its Features and Benefits such as Less Response Time, Wireless Operation, and Passive Nature
Key Target Audience
Acoustic Wave Sensor Manufacturers, Component Suppliers and Distributors, Government Bodies, Market Research and Consulting Firms, Original Equipment Manufacturers, Research and Development Organizations, Technology Standard Organizations, Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.