Acoustic Wave Sensors Market Size, Share & Forecast to 2027

Global Acoustic Wave Sensor Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC4272 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 20th, 2023

The global acoustic wave sensors market size is anticipated to register a significant CAGR of over 10% during the forecast period and is expected to reach around USD 1 billion by 2027. The increasing demand for SAW-based temperature sensors in various end-use applications is a primary factor driving the market growth. The wide use of the product in the automotive industry and the increasing demand in industrial manufacturing are further anticipated to fuel the market over the forecast period from 2021 to 2027. Moreover, the increasing demand from healthcare and food & beverage industry is expected to provide more opportunities in the market.

Market Drivers:

Increasing Demand for Industrial Process Monitoring: Acoustic wave sensors are widely used for monitoring and controlling various industrial processes, including chemical manufacturing, oil and gas production, and water treatment. These sensors provide real-time data on parameters such as pressure, temperature, and flow, enabling efficient process management and optimization.

Growing Importance of Wireless Sensing: The demand for wireless sensing solutions is increasing across industries due to their advantages in terms of flexibility, cost-effectiveness, and ease of installation. Acoustic wave sensors offer wireless sensing capabilities, eliminating the need for complex wiring and enabling remote monitoring and control, driving their adoption.

Expansion of IoT and Smart Infrastructure: The growth of the Internet of Things (IoT) and the development of smart infrastructure drive the demand for acoustic wave sensors. These sensors play a vital role in gathering data from the physical environment, enabling applications such as environmental monitoring, structural health monitoring, and smart city initiatives.

Advancements in Healthcare and Biomedical Applications: Acoustic wave sensors find applications in the healthcare and biomedical fields, including point-of-care diagnostics, drug delivery systems, and implantable medical devices. The need for accurate and non-invasive sensing solutions in healthcare drives the adoption of acoustic wave sensors.

Increasing Demand for Security and Surveillance Systems: Acoustic wave sensors are utilized in security and surveillance systems for perimeter protection, intrusion detection, and asset tracking. The demand for advanced security solutions, particularly in critical infrastructure, residential, and commercial sectors, fuels the adoption of acoustic wave sensors.

Demand for Energy-Efficient and Sustainable Solutions: Acoustic wave sensors offer energy-efficient and sustainable sensing solutions due to their low power consumption and ability to operate in harsh environments. As industries and consumers increasingly prioritize energy efficiency and sustainability, the adoption of acoustic wave sensors expands.

Automotive Industry Growth: The automotive sector extensively utilizes acoustic wave sensors in applications such as tire pressure monitoring systems, engine management, and emission control. The growth of the automotive industry, driven by factors such as vehicle electrification, advanced driver-assistance systems (ADAS), and autonomous vehicles, contributes to the demand for acoustic wave sensors.

Advancements in MEMS Technology: Acoustic wave sensors often leverage microelectromechanical systems (MEMS) technology for miniaturization, high sensitivity, and integration with electronics. Technological advancements in MEMS technology, such as improved fabrication processes and packaging techniques, drive the development and adoption of acoustic wave sensors.

Environmental Monitoring and Pollution Control: Acoustic wave sensors are employed in environmental monitoring applications, including air quality monitoring, water quality analysis, and hazardous gas detection. The increasing focus on environmental protection, pollution control, and regulatory compliance drives the demand for acoustic wave sensors in these applications.

Research and Development Activities: Ongoing research and development efforts in acoustic wave sensor technology drive innovation and the introduction of advanced sensor solutions. Collaborations between academia, industry, and research institutions contribute to the growth of the acoustic wave sensor market by introducing new capabilities, improving performance, and expanding the range of applications.

Market Outlook:

Benchmark Year		2022
Market Size		~ USD 1 Billion by 2027
Market Growth (CAGR)		> 10% (2023-2030)
Largest Market Share		North America
Analysis Period		2020-2030
Market Players		Althen GmbH, Boston Piezo Optics Inc., Christian Burkert GmbH & Co. KG, Campbell Scientific, Inc., and CTS Corporation

Market Insights:

The global acoustic wave sensors market is bifurcated into type, device, sensing, industry vertical, and geography. On the basis of type, the market is further segmented into surface acoustic wave (SAW) and bulk acoustic wave (BAW). The SAW-based segment dominated the global market in 2020 and expected to maintain its dominance over the forecast period. The SAW-based sensor is used widely in the various end-use industries due to its better sensing in temperature, torque, pressure, and chemical vapor which is further expected to drive the segment growth.

Acoustic Wave Sensors Market Size & Segmentation

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The acoustic wave sensors comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The acoustic wave sensors market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2018-19 – Historical Year
2020 – Base Year
2021-2027 – Forecast Period

Market Segmentation:

By Type:

Surface Acoustic Wave (SAW)
Bulk Acoustic Wave (BAW)

By Device:

Resonator
Delay Line

By Sensing:

Temperature
Pressure
Humidity
Chemical Vapor or Gas
Torque
Mass
Viscosity
Others

By Industry Vertical:

Military
Automotive
Industrial
Healthcare
Food & Beverages
Environment
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage

Geographically, North America dominated the global acoustic wave sensors market in2020 and expected to maintain its dominance over the forecast period. The region is also expected to grow at the fastest growth rate over the forecast period due to the increasing demand for sensors in various end-use industries. The rapid growth in automotive industry is one of the prominent factor to drive the market growth in the region. North America is expected to hold the largest market share of around USD 300 million by 2027.

Competition Assessment

Some of the major players operating in the global acoustic wave sensors market are Althen GmbH, Boston Piezo Optics Inc., Christian Burkert GmbH & Co. KG, Campbell Scientific, Inc., and CTS Corporation. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Althen GmbH
Boston Piezo Optics Inc.
Christian Burkert GmbH & Co. KG
Campbell Scientific, Inc.
CTS Corporation
Dytran Instruments, Inc.
Electronic Sensor Technology Inc.
Hawk Measurement Systems
Heinz Mebwiderstande GmbH
ifm electronic GmbH

Key Questions Answered by Acoustic Wave Sensors Market Report

Global acoustic wave sensors market forecasts from 2021-2027
Regional acoustic wave sensors market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
Acoustic wave sensors submarket forecasts from 2021-2027 covering the market by type, by device, by sensing, by industry vertical, and geography
Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the acoustic wave sensors market
Analysis of the key factors driving and restraining the growth of the global, regional and country-level acoustic wave sensors markets from 2021-2027
Competitive Landscape and market positioning of top 10 players operating in the acoustic wave sensors market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Acoustic Wave Sensors Market Portraiture
2.2. Global Acoustic Wave Sensors Market, by Type, 2020 (USD Mn)
2.3. Global Acoustic Wave Sensors Market, by Device, 2020 (USD Mn)
2.4. Global Acoustic Wave Sensors Market, by Sensing, 2020 (USD Mn)
2.5. Global Acoustic Wave Sensors Market, by Industry Vertical, 2020 (USD Mn)
2.6. Global Acoustic Wave Sensors Market, by Geography, 2020 (USD Mn)

3. Global Acoustic Wave Sensors Market Analysis

3.1. Acoustic Wave Sensors Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

4. Global Acoustic Wave Sensors Market By Type, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. Surface Acoustic Wave (SAW)
4.3. Bulk Acoustic Wave (BAW)

5. Global Acoustic Wave Sensors Market By Device, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. Resonator
5.3. Delay Line

6. Global Acoustic Wave Sensors Market By Sensing, 2018 – 2027 (USD Mn)

6.1. Overview
6.2. Temperature
6.3. Pressure
6.4. Humidity
6.5. Chemical Vapor or Gas
6.6. Torque
6.7. Mass
6.8. Viscosity
6.9. Others

7. Global Acoustic Wave Sensors Market By Industry Vertical, 2018 – 2027 (USD Mn)

7.1. Overview
7.2. Military
7.3. Automotive
7.4. Industrial
7.5. Healthcare
7.6. Food & Beverages
7.7. Environment
7.8. Others

8. North America Acoustic Wave Sensors Market Analysis and Forecast, 2018 – 2027 (USD Mn)

8.1.1. Overview
8.1.2. North America Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
8.1.3. North America Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
8.1.4. North America Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
8.1.5. North America Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
8.1.6. North America Acoustic Wave Sensors Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
8.1.6.1.2. U.S. Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
8.1.6.1.3. U.S. Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
8.1.6.1.4. U.S. Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
8.1.6.2.2. Canada Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
8.1.6.2.3. Canada Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
8.1.6.2.4. Canada Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)

9. Europe Acoustic Wave Sensors Market Analysis and Forecast, 2018 – 2027 (USD Mn)

9.1.1. Overview
9.1.2. Europe Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
9.1.3. Europe Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
9.1.4. Europe Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
9.1.5. Europe Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
9.1.6. Europe Acoustic Wave Sensors Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
9.1.6.1.2. Germany Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
9.1.6.1.3. Germany Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
9.1.6.1.4. Germany Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
9.1.6.2.2. U.K. Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
9.1.6.2.3. U.K. Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
9.1.6.2.4. U.K. Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
9.1.6.3.2. France Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
9.1.6.3.3. France Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
9.1.6.3.4. France Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
9.1.6.4.2. Italy Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
9.1.6.4.3. Italy Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
9.1.6.4.4. Italy Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)

10. Asia Pacific Acoustic Wave Sensors Market Analysis and Forecast, 2018 – 2027 (USD Mn)

10.1.1. Overview
10.1.2. Asia Pacific Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
10.1.3. Asia Pacific Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
10.1.4. Asia Pacific Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
10.1.5. Asia Pacific Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
10.1.6. Asia Pacific Acoustic Wave Sensors Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
10.1.6.1.2. China Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
10.1.6.1.3. China Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
10.1.6.1.4. China Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
10.1.6.2.2. Japan Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
10.1.6.2.3. Japan Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
10.1.6.2.4. Japan Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)

11. Latin America (LATAM) Acoustic Wave Sensors Market Analysis and Forecast, 2018 – 2027 (USD Mn)

11.1.1. Overview
11.1.2. Latin America Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
11.1.3. Latin America Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
11.1.4. Latin America Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
11.1.5. Latin America Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
11.1.6. Latin America Acoustic Wave Sensors Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
11.1.6.1.2. Brazil Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
11.1.6.1.3. Brazil Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
11.1.6.1.4. Brazil Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
11.1.6.2.2. Mexico Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
11.1.6.2.3. Mexico Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
11.1.6.2.4. Mexico Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)

12. Middle East and Africa Acoustic Wave Sensors Market Analysis and Forecast, 2018 – 2027 (USD Mn)

12.1.1. Overview
12.1.2. MEA Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
12.1.3. MEA Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
12.1.4. MEA Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
12.1.5. MEA Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
12.1.6. Middle East and Africa Acoustic Wave Sensors Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
12.1.6.1.2. GCC Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
12.1.6.1.3. GCC Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
12.1.6.1.4. GCC Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
12.1.6.2.2. South Africa Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
12.1.6.2.3. South Africa Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
12.1.6.2.4. South Africa Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Acoustic Wave Sensors Market by Type (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA Acoustic Wave Sensors Market by Device (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA Acoustic Wave Sensors Market by Sensing (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA Acoustic Wave Sensors Market by Industry Vertical (2018-2027 USD Mn)

13. Company Profiles

13.1. Althen GmbH
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Boston Piezo Optics Inc.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Christian Burkert GmbH & Co. KG
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Campbell Scientific, Inc.
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. CTS Corporation
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Dytran Instruments, Inc.
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Electronic Sensor Technology Inc.
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Hawk Measurement Systems
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. H. Heinz Mebwiderstande GmbH
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. ifm electronic GmbH
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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