Worldwide Surface Acoustic Wave Sensors Industry to 2026 – Wireless and Passive Nature of Sensors Is Driving Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Surface Acoustic Wave Sensors Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The surface acoustic wave sensors market is expected to reach a value of USD 5.62 billion by 2026, registering a CAGR of 12.04%, during the forecast period (2021-2026).
Companies Mentioned
- API Technologies Corp.
- Vectron International (Microchip Technology Inc.)
- AVX Corporation
- Boston Piezo-Optics Inc.
- Ceramtec
- CTS Corporation
- TDK Electronics AG
- Honeywell International Inc.
- Teledyne Microwave Solutions
- Murata Manufacturing Co., Ltd.
Key Market Trends
Automobile Segment accounts for a Significant Share
- The acoustic wave sensors are witnessing increasing demand in the automotive sector owing to its various application such as tire pressure monitoring system, electronic power steering, combustion engine monitoring, and oil conditioning monitoring in the automobiles.
- One of the most important applications of surface acoustic wave sensors is the identification of moving parts and objects, which includes the wireless measuring of temperature and pressure of various automobiles tires such as cars, trucks, buses, etc. Moreover, it also does wireless monitoring of subway net and railway vehicles.
- These sensor systems are also able to work in harsh environments and withstand high temperatures. Owing to their small size and less weight, the ability of wireless access, economical, power-supply-less operation, greater reliability, environmentally friendly construction, and low-cost volume manufacturing using standardized processes make these sensors a favorable choice in the automotive industry.
- With the increasing sales of automobiles in various regions of the world, the market is expected to witness further growth during the forecast period.
North America to Witness Significant Growth
- The United States is a major market for surface acoustic wave sensors market in the North American region, followed by Canada. The North American market is expected to witness increasing demand owing to the increased usage of these sensors in various applications and owing to the safety-related mandate for the automobile industry.
- With the increasing technological advancements in the North American region, many industries are expected to take advantage of these sensors. The rapid surge in the demand of these sensors is due to the increasing use of these sensors in multiple applications such as automotive, aerospace, healthcare, consumer electronics, and industrial sector.
- Moreover, North America is also one of the most technologically advanced application markets for these sensors owing to the presence of many prominent system suppliers, sensor manufacturers, and large semiconductor companies. The enormous size of the region, with the affluence of its consumers, and the highly competitive nature of the medical equipment manufacturers make this region a lucrative market for surface acoustic wave sensor manufacturers.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Wireless and Passive Nature of Sensors
4.3.2 Low Manufacturing Cost
4.4 Market Restraints
4.4.1 Compatibility and installation issues
4.4.2 Limitations in liquid sensing
4.5 Industry Attractiveness – Porter’s Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Sensing Type
5.1.1 Pressure Sensors
5.1.2 Torque Sensors
5.1.3 Temperature Sensors
5.1.4 Humidity Sensors
5.1.5 Chemical Sensors
5.1.6 Other Sensors
5.2 By End-user Industry
5.2.1 Automotive
5.2.2 Aerospace and Defense
5.2.3 Consumer Electronics
5.2.4 Healthcare
5.2.5 Industrial
5.2.6 Other End-user Industries
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/e595y
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