Global Acoustic Wave Sensor Market growing at a CAGR of 11.2% from 2023 to 2030
Category : Automotive Services | Published Date : Aug 2024 | Type : Press Release
Acoustic Wave Sensor Market Scope & Overview:
Acoustic Wave Sensors are designed to detect and measure sound waves in an environment. They convert sound energy to electric signals which are then analyzed by electronic systems. They are used in several applications like automotive, medicine, industrial, and commercial.
Consegic Business Intelligence analyzes that the Global Acoustic Wave Sensor Market size was valued at USD 872.98 Million in 2022, and is expected to register a CAGR of 11.2% to reach USD 2,003.69 Million by 2030.
This report comprises Acoustic Wave Sensor Market Share, Size & Industry Analysis, By Material (Quartz, Gallium Arsenide, Silicon Carbide, and Others), By Sensing Parameter (Temperature, Pressure, Humidity, Torque, Viscosity, and Others), By Wave Type (Surface Wave Acoustic Sensor and Bulk Wave Acoustic Sensor), By End-User (Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Industrial, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.
This report contains detailed information on Acoustic Wave Sensor Market Opportunities, Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, the increasing adoption of advanced sensing technologies such as distributed fiber optic vibration technology is driving the growth of the acoustic wave sensor market. The increasing demand for ultrasonic sensors in automotive applications and the adoption of acoustic wave sensors in medical and marine environments are expected to present potential growth opportunities for the acoustic wave sensor market.
Segmental Analysis :
The Acoustic Wave Sensor Market is segmented based on material, sensing parameter, wave type, end-user, and region.
Based on the material, the market is segmented into Quartz, Gallium Arsenide, Silicon Carbide, and Others.
- The silicon carbide segment held the largest market share in 2022 due to its properties like high wear resistance, hardness, and ability to operate at high temperatures.
- Over the forecasted period, the gallium arsenide segment is expected to register the fastest CAGR. It offers high sensitivity, low noise, and high-frequency response.
Based on the sensing parameter, the market is segmented into Temperature, Pressure, Humidity, Torque, Viscosity, and Others.
- In 2022, the temperature acoustic sensor segment accounted for the highest market share. It detects temperature variations with high accuracy and precision.
- The humidity segment is expected to witness the fastest CAGR during the forecasted period. They are mainly used in the manufacturing sector, especially in the textiles and paper sectors.
Based on the wave type, the market is bifurcated into Surface Wave Acoustic Sensor and Bulk Wave Acoustic Sensor.
- The largest revenue share in 2022 was from the surface wave acoustic sensor segment. They are widely used in wireless communication systems for filters, resonators, and delay lines due to their ability to operate at high frequencies and offer high sensitivity.
- The bulk wave acoustic sensor segment is anticipated to register the fastest CAGR in the forecasted period due to it's to handle high power levels and operate at lower frequencies.
Based on the end-user, the market is segmented into Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Industrial, and Others.
- The consumer electronics segment contributed the largest market share in 2022, as sensors are used in camera systems, voice control, audio recording, noise cancellation, and sound enhancement.
- The automotive segment is anticipated to witness the fastest CAGR during the forecasted period as the sensors are used for voice recognition, in-cabin communication, and advanced driver-assistance systems (ADAS).
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2022, the North American region accounted for the largest revenue share, this is due to well-established healthcare and automotive industries in the region.
- The Asia-Pacific region had a revenue share of USD 219.82 million in 2022, and it's expected to reach USD 520.76 million in 2030 with a CAGR of 11.7%. China accounted for the largest revenue share of 29.3% in 2022. The region's growth is attributed to the consumer electronics and automotive industry.
| Report Attributes | Report Details |
| By Material | Quartz, Gallium Arsenide, Silicon Carbide, and Others |
| By Sensing Parameter | Temperature, Pressure, Humidity, Torque, Viscosity, and Others |
| By Wave Type | Surface Wave Acoustic Sensor and Bulk Wave Acoustic Sensor |
| By End-User | Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Industrial, and Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Acoustic Wave Sensor Industry:
- Murata Manufacturing Co., Ltd.
- KYOCERA Corporation
- Bürkert GmbH & Co. KG
- APITech
- CeramTec GmbH
- Columbia Research Laboratories
- Microchip Technologies Inc.
- Dytran Instruments Incorporated
- Siemens
Recent Industry Developments :
- In November 2022, TDK Corporation introduced industrial motion sensors called IIM-46234 and IIM-46230 for the detection of fault tolerance in high-performance navigation applications.
- In April 2022, Bandweaver Technology launched a Perimeter Intrusion Detection System called ZoneSentry to detect and alert to the vibrations associated with intrusion events.
