DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Asia Pacific Acoustic Sensors Market - Growth, Trends And Forecasts (2016 - 2021)" report to their offering.
The Asia Pacific acoustic sensors market is projected to reach USD 1.56 billion by 2018 at a CAGR of 14.62% over the period 2014-2020. The Asia Pacific region is projected to record a huge growth rate in terms of consumption of sensors for various applications such as automotive, process industries, healthcare, petrochemical, oil & gas, and consumer electronics. Industries that provide potential applications for acoustic wave sensor such as mining, automotive, food & beverages, power generation, pulp & paper, chemical, and plastics are observed to show high growth in the future due to the booming economies and large population in the region.
The growth of telecommunications market is another key factor contributing to the growth of the market. However, low mass sensitivity and conventional applications use other sensors instead of SAW sensors hindering the growth of the market. Growing demand for reliable, low cost and high performance sensors lead to the development of latest technologies like microtechnology and nanotechnology, offering miniaturization and mass production opportunities. The temperature, pressure, torque, and viscosity sensors are most widely used, but there will be a healthy growth of other sensors that measure mass and humidity in the future.
The acoustic sensors market is segmented on the basis of type, sensing parameters, end user industry, and geography. China accounted for approximately 45% of the total Asia Pacific acoustic sensors market. Other countries contributing towards the market in this region are India and Japan. China is expected to grow at a faster rate than Japan and India, and will continue to remain the largest market for acoustic wave sensors in Asia Pacific during the forecast period.
Some of the key players mentioned in the report are
- CTS Corporation
- Honeywell International Inc.
- Panasonic Corporation
- Teledyne Microwave Solutions
- Boston Piezo-optics Inc.
Key Topics Covered:
1. Introduction
2. Key Findings
3. Market Overview & Dynamics
4. Introduction
5. Porter'sFive Forces Analysis
6. Market Segmentation
7. Company Profiles
8. Investment Analysis
9. Future of Acoustic Sensors Market
Companies mentioned
- Api Technologies Corp.
- Asr&D Corporation
- Boston Piezo-Optics Inc.
- Ceramtec
- Cts Corporation
- Ecs Inc. International
- Epcos
- Epson Toyocom
- Honeywell International Inc.
- Kyocera
- Murata Manufacturing Co. Ltd.
- Panasonic Corp.
- Phonon Corporation
- Rakon
- Raltron Electronics Corporation
- Senseor
- Shoulder Electronics Ltd.
- Teledyne Microwave Solutions
- Triquint Semiconductor, Inc.
- Vectron International
For more information about this report visit http://www.researchandmarkets.com/research/p8cklb/asia_pacific
