Global Acoustic Wave Sensor Market
21 Oct 2022
ICT & Telecom
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
The Global Acoustic Wave Sensor Market was valued at USD 435.21 million in 2016 and is projected to reach USD 1082.09 million by 2025, growing at a CAGR of 10.65% from 2017 to 2025.
An Acoustic Wave Sensor uses mechanical waves to sense multiple phenomena from the device's environment, which are registered as changes in the wave's phase, amplitude, and frequency relative to some reference. Acoustic wave sensors are competitively priced, inherently rugged, very sensitive, and intrinsically reliable. Application fields of acoustic wave sensor include - automotive, medical, industrial and commercial applications.
1. Market Drivers
1.1 High scope of growth in automotive industry
1.2 Increasing security concerns
1.3 Rising demand for saw-based temperature sensors from end-user verticals
2. Market Restraints
2.1 Issues associated with energy consumption, and sensitivity
2.2 Availability of alternatives
The Global Acoustic Wave Sensor Market is segmented on the by device, type, parameter, vertical, and region.
1.1 Delay Lines
2. By Type:
2.1 Bulk Acoustic Wave Sensor
2.2 Surface Acoustic Wave Sensor
3. By Parameter:
4. By Vertical:
4.1 Food and Beverages
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Nanotemper Technologies GmbH
2. Transense Technologies PLC
3. Vectron International Inc.
4. Senseor Sas
5. Hawk Measurement Systems
6. Althen GmbH Mess- Und Sensortechnik
7. H. Heinz Meßwiderstände GmbH
8. Pro-Micron GmbH & Co. Kg
9. Qualtre Inc.
10. Sensor Technology Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Acoustic Wave Sensor Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook