Stratview Research has published a new report titled “Acoustic Wave Sensor Market” which is segmented By Type (Surface Acoustic Wave Sensor, Bulk Acoustic Wave Sensor), By End Use (Automotive, Food and Beverages, Environmental, Healthcare, Others), and Region.
As per the study, the Acoustic Wave Sensor Market is estimated to grow from USD 585.6 million in 2020 to USD 1,076.0 million by 2026 at a healthy CAGR of 10.9% during the forecast period.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on type, the acoustic wave sensor market has been divided into surface acoustic wave sensors and bulk acoustic wave sensors. The surface acoustic wave sensor segment accounted for the largest market share in 2020. Surface acoustic wave (SAW) sensors are primarily used to sense the occurrence of any change in frequency of different parameters such as pressure, temperature, and chemical vapors, torque, among others.
By region, the North American Acoustic Wave Sensor market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The acoustic wave sensor market growth is mainly propelled by low manufacturing cost, technological developments, and the wireless & passive nature of the products. Moreover, the usage of acoustic wave sensors in the military and industrial sectors further bolsters regional market growth.
The Asia-Pacific Acoustic Wave Sensor market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. This growth is mainly attributed to the growing consumption of acoustic wave sensors, mainly in the industrial & automotive sectors in the countries of China, Japan, and India.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Acoustic Wave Sensor Market:
· Broadcom (US)
· TAIYO YUDEN (Japan)
· API Technologies
· Boston Piezo-Optics
· Kyocera (Japan)
· Murata (Japan)
· Panasonic (Japan)
Key questions answered by the report
- What is the projected CAGR for revenue from the Acoustic Wave Sensor Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Acoustic Wave Sensor Market?
- Which are the major market players?
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