Acoustic Wave Sensor Market Size, Share, And Growth Report 2032

Acoustic Wave Sensor Market: Size

The global Acoustic Wave Sensor Market size was worth around USD 1071.97 million in 2023 and is predicted to grow to around USD 2996.62 million by 2032 with a compound annual growth rate (CAGR) of roughly 12.1% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Acoustic Wave Sensor Market on a global and regional level.

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Acoustic Wave Sensor Market: Overview

An acoustic wave sensor is an electro-mechanical device that is used for converting electrical signals into acoustic waves. These sensors have a key role in the functioning of micro-electromechanical systems. Acoustic wave sensors operate on the principle of acoustic wave technology.

The major factor driving the acoustic wave sensor market globally is the growing concern toward security and surveillance in the automotive sector. The occurrences of accidents or road mishaps have increased over the last few years, owing to random tire outbursts. As per a recent survey, nearly 1.25 million people die in road accidents annually. To avoid such incidences, the automotive industry is significantly opting for acoustic wave sensors. These sensors are integrated into a vehicle’s tires and wirelessly transfer data to the respective vehicle driver. Acoustic wave sensors record tires’ pressure and warn the driver in advance regarding low tire pressure. Therefore, acoustic wave sensors play a crucial role in the automobile industry and its emerging requirement in this vertical is driving the acoustic wave sensor market rapidly. Even though the demand for surface acoustic wave-based sensors is observed to be at its peak, there are few factors like underdeveloped technology that might hinder the overall acoustic wave sensor market growth to some extent. Moreover, the growing implementation of acoustic wave sensors in the automotive industry and the rising demand for in-expensive sensors in various automobile applications are forecasted to create lucrative opportunities over the upcoming years for the acoustic wave sensor market growth.

Acoustic Wave Sensor Market: Segmentation

The global acoustic wave sensor market is segmented on the basis of product, device, sensing parameter, vertical, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The product segment is majorly classified into surface and bulk acoustic wave sensors. An acoustic wave that propagates over the surface area of material evincing elasticity with exponentially decaying amplitude is termed as a surface acoustic wave. This segment is observed to hold the largest market share globally in the future.

The device segment includes resonators and delay lines. Delay in the propagation of acoustic waves through or over a material surface is termed as an acoustic wave delay line. The delay line segment is estimated to show the highest CAGR over the forecast timeframe.

The sensing parameter segment of the acoustic wave sensor market comprises humidity, pressure, temperature, chemical vapor/gas, mass, torque, viscosity, and others.

The vertical segment includes military, food and beverages, automotive, industrial, healthcare, environmental, and others. Acoustic wave sensors play a crucial role in the industrial vertical, as they are used for measuring pressure, temperature, and torque. In addition, they are used for various other industrial applications, such as humidity sensing and mass loading analysis.

Acoustic Wave Sensor Market: Report Scope

Acoustic Wave Sensor Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

The Latin American acoustic wave sensor market is forecasted to offer lucrative opportunities and register the highest CAGR in the upcoming years. This can be attributed to the growing use of acoustic wave sensors for industrial and automotive applications in the region.

Acoustic Wave Sensor Market: Competitive Players

Some leading manufacturers operating in the global acoustic wave sensor market are:

• Honeywell International
• Siemens
• Burkert
• GE Sensing
• Pro-micron
• IntelliSAW
• Mercury United Electronics
• Boston Piezo Optics
• RF SAW
• Transense Technology
• SensAction
• Electronic Sensor Technology

The Global Acoustic Wave Sensor Market is segmented as follows:

Global Acoustic Wave Sensor Market: Product Analysis

• Surface Acoustic Wave Sensors
• Bulk Acoustic Wave Sensors

Global Acoustic Wave Sensor Market: Resonators Analysis

• Resonators
• Delay Lines

Global Acoustic Wave Sensor Market: Sensing Parameter Analysis

• Humidity
• Pressure
• Temperature         
• Chemical Vapor/Gas
• Mass
• Torque
• Viscosity
• Others

Global Acoustic Wave Sensor Market: Vertical Analysis

• Military
• Food and Beverages
• Automotive
• Industrial
• Healthcare
• Environmental
• Others

Global Acoustic Wave Sensor Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa