Press release
Surface Acoustic Wave Sensors Market 2022 SWOT Analysis and Key Business Strategies by Leading Players – API Technologies Corp., Vectron International (Microchip Technology Inc.), AVX Corporation
Latest research on Surface Acoustic Wave Sensors Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Surface Acoustic Wave Sensors market. This report included a special section on the Impact of COVID19. Also, Surface Acoustic Wave Sensors Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Surface Acoustic Wave Sensors industry.The surface acoustic wave sensors market is expected to reach a value of USD 5.62 billion by 2026, registering a CAGR of 12.04%, during the forecast period (2021-2026).
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The Surface Acoustic Wave Sensors market is highly competitive and consists of a number of major players. Top Companies like API Technologies Corp., Vectron International (Microchip Technology Inc.), AVX Corporation, Boston Piezo-Optics Inc., Ceramtec, CTS Corporation, TDK Electronics AG, Honeywell International Inc, Teledyne Microwave Solutions, Murata Manufacturing Co., Ltd.
Industry News And Developments:
August 2019 - Iwami Murata Manufacturing Co., Ltd., began expanding its production capabilities at its existing location in Ohda-shi, Shimane Prefecture. Moreover, the land has been obtained in an industrial park in the nearby Hane district, and construction of a new production building has begun.
- October 2018 - TDK Corporation announced the K525, a new EPCOS NTC temperature sensor that is designed for extended measuring range from -10 C up to +300 C. With its ceramic sleeves that are filled with a ceramic, the sensor is suitable for applications under harsh operating conditions and is resistant to aggressive media such as acids and bases.
Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Surface Acoustic Wave Sensors market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
Surface Acoustic Wave Sensors Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
Scope of the Report
- Various characteristics of the wireless and passive nature of these surface acoustic wave sensors are the major driving factor for the increased applications of these sensors. These characteristics include no power is needed to be applied separately to these sensors, as they get their energy requirement fulfilled from interrogating radio frequency (RF) pulse to excite the surface acoustic wave (SAW) and transmits its response.
- Surface acoustic wave pressure type devices being passive in nature (no external power requirement), opens up an enormous potential to be used in smallest of enclosures and with their remote sensing abilities, gives them an edge over other sensing devices. These sensors are now extensively being used in the automotive industry to monitor the tyre pressure and give information to the driver in the cabin.
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Key Market Trends
Automobile Segment accounts for a Significant Share
- The acoustic wave sensors are witnessing increasing demand in the automotive sector owing to its various application such as tire pressure monitoring system, electronic power steering, combustion engine monitoring, and oil conditioning monitoring in the automobiles.
- One of the most important applications of surface acoustic wave sensors is the identification of moving parts and objects, which includes the wireless measuring of temperature and pressure of various automobiles tires such as cars, trucks, buses, etc., moreover, it also does wireless monitoring of subway net and railway vehicles.
- These sensor systems also able to work in harsh environments and are able to withstand high temperatures.
North America to Witness Significant Growth
- The United States is a major market for surface acoustic wave sensors market in the North American region, followed by Canada. The North American market is expected to witness increasing demand owing to the increased usage of these sensors in various applications and owing to the safety-related mandate for the automobile industry.
- With the increasing technological advancements in the North American region many industries are expected to take advantage of these sensors. The rapid surge in the demand of these sensors is due to the increasing use of these sensors in multiple applications such as automotive, aerospace, healthcare, consumer electronics, and industrial sector.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Surface Acoustic Wave Sensors Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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