Apr 24 2015
Research and Markets has announced the addition of the "North America Acoustic Wave Sensor Market by Sensing Parameter, by Application and by Geography - Forecasts to 2019" report to their offering.
The North American acoustic wave sensor market was valued at $79.7 million in 2014 and is expected to reach $151.3 million, growing at a CAGR of 13.7% during the forecast period of 2014 to 2019.
Acoustic wave sensors are expected to show positive growth across different application segments due to their competitive advantages over the other technologies. As of now, temperature, pressure, torque, and viscosity sensors are the only ones to have reached complete commercialization, but we predict a healthy growth of the other sensors as well in the future, as more applications of acoustic wave sensors get realized in the years to come. Acoustic wave temperature and pressure sensors are increasingly used in automotive and industrial applications, with some applications of torque sensors as well.
In the modern world, sensors are the need of the hour. Also, sensors have proved themselves as a continuously growing revenue stream due to an increase in the number of applications. Following the same trend, acoustic wave sensors have shown a significant growth in the recent years across different industry verticals. The major applications of acoustic wave sensors are in industries, automotive, military and aerospace, consumer electronics, and healthcare.
The largest application segment for acoustic wave sensors is the industrial segment, due to their wireless and passive nature that makes them suitable for use in rotating components. The automotive segment follows as the second-largest application segment, with a growing number of applications of these sensors such as tyre pressure monitoring, emission control, and torque measurement. Another emerging segment for acoustic wave sensors is the healthcare industry, where there is an immense need for wireless sensors with smaller form factor.
The demand for reliable, high-performance, and low-cost sensors is increasing, leading to the development of new technologies like microtechnology and nanotechnology, offering opportunities like miniaturization, low power consumption, and mass production.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Acoustic Wave Sensor Market, By Application
6 Acoustic Wave Sensor Market, By Sensing Parameter
7 Acoustic Wave Sensor Market, By Country
8 Acoustic Wave Sensor Market: Competitive Landscape
9 Acoustic Wave Sensor Market, By Company
- Honeywell International
- Murata Manufacturing Co., Ltd.
- SENSeOR
- Vectron International
- CTS Corporation
For more information visit http://www.researchandmarkets.com/research/d4r37n/north_america.
Source: http://www.researchandmarkets.com/