Acoustic Wave Sensors - Global Market Trajectory & Analytics

Global Acoustic Wave Sensors Market to Reach $965.9 Million by 2027

Amid the COVID-19 crisis, the global market for Acoustic Wave Sensors estimated at US$526.9 Million in the year 2020, is projected to reach a revised size of US$965.9 Million by 2027, growing at aCAGR of 9% over the period 2020-2027. Surface Acoustic Wave (SAW) Sensor, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$474.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bulk Acoustic Wave (baw) Sensor segment is readjusted to a revised 9.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $155.5 Million, While China is Forecast to Grow at 13.2% CAGR

The Acoustic Wave Sensors market in the U.S. is estimated at US$155.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$149.6 Million by the year 2027 trailing a CAGR of 13.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 8.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.

Select Competitors (Total 35 Featured) -

• Althen GmbH
• Boston Piezo Optics Inc.
• Christian Burkert GmbH & Co. KG
• Campbell Scientific, Inc.
• CTS Corporation
• Dytran Instruments, Inc.
• Electronic Sensor Technology Inc.
• Hawk Measurement Systems
• H. Heinz Mebwiderstande GmbH
• ifm electronic GmbH
• NanoTemper Technologies GmbH
• Pro-micron GmbH
• Qualtre Inc.
• Senseor SAS
• Sensor Technology Ltd.
• Transense Technologies plc
• Vectron International, Inc.