Global acoustic wave sensor market is projecting a rise in estimated value to an estimated value of USD 1.27 billion by 2026

An acoustic wave sensor is a device that responds to a physical, chemical, biological, or electrical stimulus by producing an electrical output signal that is a function of the input stimulus. The input stimuli include changing pressure, temperature, stress, or concentration of gas which results in the acoustic sensor to respond by changing its resonant frequency. Acoustic wave sensors have a large market potential as they are competitively priced, rugged, sensitive, reliable, and can have passive as well as wireless connectivity. These sensors become ideal devices for measurement and monitoring desired parameters at remote locations.

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Market Analysis: Global Acoustic Wave Sensor Market
Global acoustic wave sensor market is projecting a rise in estimated value to an estimated value of USD 1.27 billion by 2026, registering a CAGR of 11.5% in the forecast period of 2019-2026 due to increasing concern toward security and surveillance, increasing demand for saw-based temperature sensors and low cost and reliability for small sensors

Major Market Competitors/Players: Global Acoustic Wave Sensor Market
Few of the major competitor’s currently working global acoustic wave sensor market are Microsemi., Qualtre, Inc., SENSeOR SAS, Sensor Technology Ltd., NanoTemper Technologies GmbH, Althen GmbH Mess- und Sensortechnik, Transense Technologies plc, pro-micron GmbH & Co. KG, H. Heinz Meßwiderstände GmbH, Hawk Measurement Systems, CTS Corporation, Honeywell International Inc., Panasonic Corporation, Teledyne Microwave Solutions, Boston Piezo-optics Inc., Burkert, Siemens AG, GE Sensing Inc., Emerson Electric Co.., Mercury United, Honeywell International Inc., Electronic Sensor Technology, among others.

Key Developments in the Market
• In March 2017, Vectron International entered into an agreement with Furuno to provide Furuno’s Global Navigation Satellite Systems (GNSS) receivers and timing modules in North America. This acquisition has led the company to offer customers the leading choice in GNSS timing products in the market
• In September 2015, a common research laboratory name Physical acoustics was inaugurated with a purpose of research in thefield of Sensors, Surface and Bulk Acoustic Waves and Sensing Systems.

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Segmentation: Global Acoustic Wave Sensor Market
By Type
• Surface Acoustic Wave
o Rayleigh Surface Wave Sensors
o SH-SAW Or STW Sensors
o FPW Sensors
• Bulk Acoustic Wave
o TSM Sensors
o SH-APM Sensors

By Device
• Resonator
• Delay Line
• Holographic Television
• Holographic Tele presence

By Sensing Parameter
• Temperature
• Pressure
• Humidity
• Mass
• Torque
• Viscosity
• Chemical Vapour/Gas

By Vertical (End-User)
• Military
• Automotive
• Industrial
• Food and Beverages
• Healthcare
• Environmental
• Others

Market Segment by Regions, regional analysis covers:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Competitive Analysis: Global Acoustic Wave Sensor Market
Global acoustic wave sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of acoustic wave sensor market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

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