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Acoustic Wave Sensors - Global Market Trajectory & Analytics

  • ID: 4804533
  • Report
  • July 2020
  • Region: Global
  • 590 pages
  • Global Industry Analysts, Inc
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The global market for Acoustic Wave Sensor is projected to reach US$835.9 million by 2025 driven by emerging new applications among which the automotive industry stands out as having the biggest revenue impact. Opportunities for acoustic wave sensor are expanding in tandem with the growing importance of automotive sensing. Currently, torque and tire pressure sensors utilize surface acoustic wave (SAW) sensors. Their use has grown significantly over the years, supported by falling sensor costs. As these sensors can be manufactured with repeatable quality, they are mass produced and enjoy economies of scale responsible for their lower cost of production. SAW sensors are effective in measuring angular velocities and therefore find use in monitoring rotating components in an automobile. Another emerging application area is in the field of autonomous vehicles. For autonomous cars to become safe and evolve from semi-autonomous cars to level 4 and 5 vehicles, requires accurate and foolproof detection and localization of objects. Sound waves are emerging into the spotlight for their ability to help the vehicles sense its surroundings. In other words, acoustic signal source location is the most foolproof way to detect approaching vehicles and objects. Although, light detection and ranging (LiDAR) sensors have been used, the technology has its fair share of drawbacks ranging from high costs, inability to scan long distances to limitations in identifying color changes. Acoustic wave sensors, on the other hand, have a much higher reliability and safety index, as they rely on modulation of surface acoustic waves to sense objects and surroundings. Over the long-term, these sensors will play a pivotal role in direction-of-arrival (DOA) estimation in autonomous vehicles. Currently, however they hold the potential to be used as a redundant system along with LiDAR systems to provide additional safety. With sensor fusion being the new flavor, accurate sound source localization will involve combining data from Lidar sensors and multiple acoustic sensors. Development of new noise cancelling and filtering processes and technologies will enhance reliable of sound location, given that vehicles often operate in cluttered and noisy environments.

In the industrial sector, the progress being made in intelligent industrial sensing will also spur opportunities for growth. Industrial sensing involves monitoring process environment and acoustic wave sensors find uses in measuring vapor, humidity, and temperature. A noteworthy new opportunity in this space is its promising use in machine condition and structural health monitoring (SHM) applications. Acoustics based condition monitoring is gaining prominence and is based on the simple principle that healthy working machines have a stable noise spectrum and any spectrum changes can indicate equipment failure/malfunctioning. In the telecommunications market, one the well-established application areas, growth will be driven by growing adoption of wireless networks and the ensuing demand for bulk acoustic wave (BAW) sensors. In the medical sector, attractive opportunities lie in wait as acoustic-based biosensors gain research momentum and new applications emerge in POC testing for respiratory diseases and blood pressure measurement. The United States and Europe represent large markets worldwide with a combined share of 55.9% of the market. China ranks as the fastest growing market with a CAGR of 14.1% over the analysis period. Growth in the country is supported by robustly growing sensor applications as the country’s witnesses pioneering uses of cutting-edge technologies i.e. sensor-rich agricultural mechanization; sensor enabled industrial/manufacturing automation; and other sensor embedded applications in smart cities and smart transportation, among others.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

An Introduction to Acoustic Wave Sensors

Surface Acoustic Wave (SAW) Sensors

Bulk Acoustic Wave (BAW) Sensors

Acoustic Wave Sensors: Current Market Scenario and Outlook

Unique Capability to Comply with Numerous Sensing Parameters Steers Market Adoption

Progressive Trend in World Sensors Industry Creates Fertile Environment

World Sensors Market by End-Use Application (2020): Percentage Breakdown of Sales

Continuous Improvements to Benefit Sensor Technology

Microelectromechanical Systems (MEMS)

Market Structure

Distribution Plays a Pivotal Role

Dynamics in the Sensor Industry Closely Tied to Economic Scenario

Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020

Competitive Structure

Industry Consolidation: A Perennial Trend

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Althen GmbH (Germany)

Boston Piezo Optics Inc. (USA)

Christian Bürkert GmbH & Co. KG (Germany)

Campbell Scientific, Inc. (USA)

CTS Corporation (USA)

Dytran Instruments, Inc. (USA)

Electronic Sensor Technology Inc. (USA)

Hawk Measurement Systems (Australia)

H. Heinz Meßwiderstände GmbH (Germany)

ifm electronic GmbH (Germany)

NanoTemper Technologies GmbH (Germany)

Pro-micron GmbH (Germany)

Qualtre Inc. (USA)

Sensor Technology Ltd. (UK)

Transense Technologies plc (UK)

Vectron International, Inc. (USA)

3. MARKET TRENDS & DRIVERS

Ongoing Proliferation of Industry 4.0 & IIoT Set to Alter Market Dynamics

Surface and Bulk Acoustic Wave Sensors: A Comparative Review

Bulk Acoustic Wave (BAW) Sensors Remain in Contention

Thickness Shear Mode (TSM/QCM) Resonator & Shear-Horizontal Acoustic Plate Mode (SH-APM) Sensor: Two Popular BAW Technologies

BAW Gyroscope Sensors: A Novel Technology with Tremendous Promise

Acoustic Wave Resonators-Based Sensors Acknowledged as Highly-Sensitive Transducers

Acoustic Wave Delay Lines Sensors Fully Suitable for Microwave Applications

Telecommunication: Established End-Use Vertical

Wide Use Case in Automotive Applications

Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022

Autonomous Vehicles: Emerging Application Market

Autonomous Vehicles in 2043 (In Million Units)

Acoustic Wave Sensors in Industrial Manufacturing Market

High Growth Opportunities in Food & Beverage Industry

Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020

Global Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022

Healthcare: Robust Opportunities in POC Diagnostics

POC Tests for Respiratory Viruses

Growing Healthcare Services Industry: World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018

Per Capita Healthcare Expenditure (in $) by Select Countries for 2018

Consumer Electronics: Niche Application Sector

Highly Convenient Monitoring of Critical Electrical Assets

Military, Defense & Aerospace: Major Application Areas

Chemicals Sensing Made Effortless with Acoustic Wave Sensors

Future-Proof Flow Detection with Acoustic Wave Sensors

Temperature Measuring Made Convenient and Easier

Robust Opportunities in Torque Sensing

Technology Advancement: Multiplexing Technology to Improve Functional Capabilities

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

North American Acoustic Wave Sensor Market

Market Analytics

CANADA

JAPAN

CHINA

Market Overview

Market Analytics

EUROPE

Market Overview

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

Market Overview

Market Analytics

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

Market Overview

Market Analytics

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 35

Note: Product cover images may vary from those shown
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