DUBLIN--(BUSINESS WIRE)--The "Global Acoustic Sensors Market - Growth, Trends and Forecasts (2016 - 2021)" report has been added to Research and Markets' offering.
The global acoustic sensors market is projected to reach USD 5.85 billion by 2018 at a CAGR of 13.55% over the period 2014-2020. Technological advancements, low manufacturing cost, and wireless and passive nature of the products are the major drivers for the lucrative growth of the acoustic wave sensors.
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. North America accounted for 35% market share of global market and is projected to lead the acoustic sensors market during the forecast period. The Asia Pacific region is expected to estimate a huge growth rate. The largest application segment for acoustic wave sensors is the industrial segment, followed by the automotive segment with a growing number of applications of these sensors in TPMS, emission control, and torque measurement. The emerging segment for acoustic wave sensors is the healthcare industry, where there is an enormous need for wireless sensors.
- API Technologies Corp.
- ASR&D Corporation
- Boston Piezo-optics Inc.
- CTS Corporation
- ECS Inc. International
- Epson Toyocom
- Honeywell International Inc.
- Murata Manufacturing Co. Ltd.
- Panasonic Corp.
- Phonon Corporation
- Raltron Electronics Corporation
- Shoulder Electronics Ltd.
- Teledyne Microwave Solutions
- Triquint Semiconductor, Inc.
- Vectron International
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Porter's Five Forces Analysis
6. Market Segmentation
7. Market Segmentation, By Region
8. Company Profiles
9. Investment Analysis
10. Future of Acoustic Sensors Market
For more information about this report visit https://www.researchandmarkets.com/research/5k2fp4/global_acoustic