Acoustic Wave Sensors Market Size, Trends and Insights By Type (Surface Acoustic Wave, Bulk Acoustic Wave), By Devices (Resonator, Delay Line), By Application (Food and Beverages, Military, Automotive, Industrial, Healthcare, Environmental), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Vectron International
- Qualtre Inc.
- SENseOR
- Sensor Technology Ltd.
- Others
Reports Description
According to Custom Market Insights (CMI), the Global Acoustic Wave Sensor Market is expected to grow at a compound annual growth rate of 16% during the forecast period from the year 2022 to 2030. The market will grow from USD 707 billion in the year 2021 to USD 1750 billion by the year 2030.
According to an industry study, the growth of the market for acoustic wave sensors in end-use sectors including the automotive & healthcare industries is being fueled by shifting market trends, which are anticipated to support both industry and market growth throughout the projected period.
Acoustic Wave Sensors Market: Overview
Microelectromechanical systems (MEMS) known as acoustic wave sensors use mechanical acoustic waves to transmit signals that may detect changes in frequency, amplitude, as well as wave phase in relation to a reference in the environment. Acoustic wave sensor devices are highly sought-after sensor technology in a variety of end-use domains because they are inherently dependable, inherently tough, extraordinarily sensitive, and competitively priced. Furthermore, to increase interoperability with new and next-generation applications, these devices’ updated versions can be continued as well as wirelessly questioned without the requirement for a sensor power supply.
Acoustic Wave Sensors Market: Growth Factors
With qualities like passive operation, a fast turnaround time, and wireless nature, acoustic wave sensors outperform conventional sensors in a competitive environment. Surface acoustic wave-based temperature sensors provide a wide range of sensing temperatures, a higher reaction rate, accuracy, and low cost. This is a major driver fueling the expansion of the world market for acoustic wave sensors. Other factors anticipated to spur market growth throughout the projection period are acoustic wave sensors’ higher sensitivity, higher level of stability, compact structure, exceptionally tiny size, and low price. However, when they come into contact with a liquid, compressional waves may result in severe surface attenuation, making them feeble.
On the other hand, expanding traffic management challenges need the inclusion of an audio warning system in new hybrid and electric vehicles. During the anticipated time frame, this is anticipated to develop rapidly. Furthermore, the market for acoustic wave sensors is projected to develop rapidly due to the widespread use of smartphones as well as base stations. The main market for acoustic wave sensors is the telecommunications sector.
Acoustic Wave Sensors Market: Segmental Overview
The surface acoustic wave segment will have a larger market share in the coming years. As they help in understanding the changes in the frequency their market is expected to grow well in the coming year. This helps in understanding the changes in the torque, pressure as well as temperature. The changes in any of these features or sensed by the sensors due to the availability of the molecules on the substrate coating. Any alterations of the concentration in any particular chemical or sensed by the SAW sensors.
The resonator segment will dominate the market in the coming years. This segment had the largest market share in the past in terms of revenue and it will continue to grow well in the coming years. Vibrations of the piezoelectric materials are used by the resonators which help in sending the acoustic waves to the circuit with high frequency.
When it comes to the sensing parameter the use of the sensors is expected to be more for understanding the changes in the temperature. The segment will have the largest market share in terms of revenue and it will continue to grow well in the coming years. Apart from sensing the temperature these sensors also help in sensing many other parameters like humidity and pressure.
Acoustic Wave Sensors Market: Restraining factors
The market share of acoustic wave sensors is projected to be hampered by significant limitations such as energy consumption and sensitivity that results in technical issues. It is also projected that the use of alternative sensors in place of saw-based sensors in conventional applications will provide a challenge to the expansion of the market share for acoustic wave sensors. On the other hand, there is a need for sensors with a longer lifespan or no maintenance when it comes to harsh circumstances, which could be caused by radiation or heat. However, because severe temperatures are not required for the operation of these sensors, the penetration of acoustic wave sensors will be constrained in the upcoming years.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 707 Billion |
| Projected Market Size in 2030 | USD 1750 Billion |
| CAGR Growth Rate | 16% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Vectron International, Qualtre Inc., SENseOR, Sensor Technology Ltd., Nanotemper, Transense Technologies plc, DJB Instruments, Defiant Technologies , Pro-micron GmbH & co. KG, Heinz Meßwiderstände GmbH, Hawk Measurment Systems, Siemens AG, and Others |
| Key Segment | By Type, Devices, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Acoustic Wave Sensors Market: Regional Overview
Due to safety-related mandates for the automotive industry, North America and Europe are predicted to experience significant growth during the projected period. Over the next seven years, the Asia-Pacific is expected to be a major regional market for acoustic wave sensors because of the presence of developing nations like China, India, and Japan as well as the growth of several industrial enterprises there. Due to the sensors’ expanding use in industries like aerospace, automotive, healthcare, the industrial sector, and consumer electronics, Europe may experience a boom in demand.
Key Market Players in the Acoustic Wave Sensors Market
- Vectron International
- Qualtre Inc.
- SENseOR
- Sensor Technology Ltd.
- Nanotemper
- Transense Technologies plc
- DJB Instruments
- Defiant Technologies
- Pro-micron GmbH & co. KG
- Heinz Meßwiderstände GmbH
- Hawk Measurment Systems
- Siemens AG
Key Developments
- Transense Technologies is taking steps to provide battery-less and noncontact These sensors will be used for understanding the tire pressure as well as the temperature. It will also be used for the measurement of torque of the power steering of the electric type and the drive shafts.
Segments covered in the report - BK Medical was acquired by GE Healthcare in the year 2021 in order to make use of the technology which helps the doctors to analyze the internal body of the patient which is extremely useful for surgeries as it provides visuals for the procedure and it also enables the doctors in making critical decisions.
- SAW Instruments was acquired by NanoTemper as the organization aims to expand the methodological portfolio for the analysis of biomolecular interactions.
Segments covered in the acoustic wave sensors market
By Type
- Surface acoustic wave
- Bulk acoustic wave
By Devices
- Resonator
- Delay line
By Application
- Food and beverages
- Military
- Automotive
- Industrial
- Healthcare
- Environmental
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Acoustic Wave Sensors Market, (2022 – 2030) (USD Billion)
- 2.2 Global Acoustic Wave Sensors Market: snapshot
- Chapter 3. Global Acoustic Wave Sensors Market – Industry Analysis
- 3.1 Acoustic Wave Sensors Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing demand of temperature sensors in various industries
- 3.2.2 Rising awareness regarding the safety of the consumers
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Devices
- 3.7.3 Market attractiveness analysis By Application
- Chapter 4. Global Acoustic Wave Sensors Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Acoustic Wave Sensors Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Acoustic Wave Sensors Market – Type Analysis
- 5.1 Global Acoustic Wave Sensors Market overview: By Type
- 5.1.1 Global Acoustic Wave Sensors Market share, By Type, 2021 and 2030
- 5.2 Surface Acoustic Wave
- 5.2.1 Global Acoustic Wave Sensors Market by Surface Acoustic Wave, 2022 – 2030 (USD Billion)
- 5.3 Bulk Acoustic Wave
- 5.3.1 Global Acoustic Wave Sensors Market by Bulk Acoustic Wave, 2022 – 2030 (USD Billion)
- 5.1 Global Acoustic Wave Sensors Market overview: By Type
- Chapter 6. Global Acoustic Wave Sensors Market – Devices Analysis
- 6.1 Global Acoustic Wave Sensors Market overview: By Devices
- 6.1.1 Global Acoustic Wave Sensors Market share, By Devices, 2021 and 2030
- 6.2 Resonator
- 6.2.1 Global Acoustic Wave Sensors Market by Resonator, 2022 – 2030 (USD Billion)
- 6.3 Delay Line
- 6.3.1 Global Acoustic Wave Sensors Market by Delay Line, 2022 – 2030 (USD Billion)
- 6.1 Global Acoustic Wave Sensors Market overview: By Devices
- Chapter 7. Global Acoustic Wave Sensors Market – Application Analysis
- 7.1 Global Acoustic Wave Sensors Market overview: By Application
- 7.1.1 Global Acoustic Wave Sensors Market share, By Application, 2021 and 2030
- 7.2 Food and Beverages
- 7.2.1 Global Acoustic Wave Sensors Market by Food and Beverages, 2022 – 2030 (USD Billion)
- 7.3 Military
- 7.3.1 Global Acoustic Wave Sensors Market by Military, 2022 – 2030 (USD Billion)
- 7.4 Automotive
- 7.4.1 Global Acoustic Wave Sensors Market by Automotive, 2022 – 2030 (USD Billion)
- 7.5 Industrial
- 7.5.1 Global Acoustic Wave Sensors Market by Industrial, 2022 – 2030 (USD Billion)
- 7.6 Healthcare
- 7.6.1 Global Acoustic Wave Sensors Market by Healthcare, 2022 – 2030 (USD Billion)
- 7.7 Environmental
- 7.7.1 Global Acoustic Wave Sensors Market by Environmental, 2022 – 2030 (USD Billion)
- 7.1 Global Acoustic Wave Sensors Market overview: By Application
- Chapter 8. Acoustic Wave Sensors Industry – Regional Analysis
- 8.1 Global Acoustic Wave Sensors Industry Regional Overview
- 8.2 Global Acoustic Wave Sensors Industry Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Acoustic Wave Sensors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.4 North America Acoustic Wave Sensors Industry, by Type, 2022 – 2030
- 8.4.1 North America Acoustic Wave Sensors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.5 North America Acoustic Wave Sensors Industry, by Devices, 2022 – 2030
- 8.5.1 North America Acoustic Wave Sensors Industry, by Devices, 2022 – 2030 (USD Billion)
- 8.6 North America Acoustic Wave Sensors Industry, by Application, 2022 – 2030
- 8.6.1 North America Acoustic Wave Sensors Industry, by Application, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Acoustic Wave Sensors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.8 Europe Acoustic Wave Sensors Industry, by Type, 2022 – 2030
- 8.8.1 Europe Acoustic Wave Sensors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Acoustic Wave Sensors Industry, by Devices, 2022 – 2030
- 8.9.1 Europe Acoustic Wave Sensors Industry, by Devices, 2022 – 2030 (USD Billion)
- 8.10 Europe Acoustic Wave Sensors Industry, by Application, 2022 – 2030
- 8.10.1 Europe Acoustic Wave Sensors Industry, by Application, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Acoustic Wave Sensors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Acoustic Wave Sensors Industry, by Type, 2022 – 2030
- 8.12.1 Asia Pacific Acoustic Wave Sensors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Acoustic Wave Sensors Industry, by Devices, 2022 – 2030
- 8.13.1 Asia Pacific Acoustic Wave Sensors Industry, by Devices, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Acoustic Wave Sensors Industry, by Application, 2022 – 2030
- 8.14.1 Asia Pacific Acoustic Wave Sensors Industry, by Application, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Acoustic Wave Sensors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.16 Latin America Acoustic Wave Sensors Industry, by Type, 2022 – 2030
- 8.16.1 Latin America Acoustic Wave Sensors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Acoustic Wave Sensors Industry, by Devices, 2022 – 2030
- 8.17.1 Latin America Acoustic Wave Sensors Industry, by Devices, 2022 – 2030 (USD Billion)
- 8.18 Latin America Acoustic Wave Sensors Industry, by Application, 2022 – 2030
- 8.18.1 Latin America Acoustic Wave Sensors Industry, by Application, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Acoustic Wave Sensors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Acoustic Wave Sensors Industry, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Acoustic Wave Sensors Industry, by Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Acoustic Wave Sensors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Acoustic Wave Sensors Industry, by Devices, 2022 – 2030
- 8.21.1 The Middle-East and Africa Acoustic Wave Sensors Industry, by Devices, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Acoustic Wave Sensors Industry, by Application, 2022 – 2030
- 8.22.1 The Middle-East and Africa Acoustic Wave Sensors Industry, by Application, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Vectron International
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Qualtre Inc.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 SENseOR
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Sensor Technology Ltd.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Nanotemper
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Transense Technologies plc
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 DJB Instruments
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Defiant Technologies
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Pro-micron GmbH & co. KG
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Heinz Meßwiderstände GmbH
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Hawk Measurment Systems
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Siemens AG
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.1 Vectron International
List Of Figures
Figures No 1 to 26
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Key Market Players in the Acoustic Wave Sensors Market
- Vectron International
- Qualtre Inc.
- SENseOR
- Sensor Technology Ltd.
- Nanotemper
- Transense Technologies plc
- DJB Instruments
- Defiant Technologies
- Pro-micron GmbH & co. KG
- Heinz Meßwiderstände GmbH
- Hawk Measurment Systems
- Siemens AG
- Others
FAQs
“Asia Pacific” region will lead the global Acoustic Wave Sensors market during the forecast period 2022 to 2030.
One of the major reasons why the acoustic wave sensors market is expected to grow in the coming years is due to an increase in the demand for temperature sensors in various industries across the world. Many industries in the developed, as well as the developing economies, make use of the products that are used in temperature sensing.
The key players operating in the Acoustic Wave Sensors market are Vectron International, Qualtre Inc., SENseOR, Sensor Technology Ltd., Nanotemper, Transense Technologies plc, DJB Instruments, Defiant Technologies, Pro-micron GmbH & co. KG, Heinz Meßwiderstände GmbH, Hawk Measurment Systems, Siemens AG, and Others.
The global Acoustic Wave Sensors market is expanding growth with a CAGR of approximately 16% during the forecast period (2022 to 2030).
The global Acoustic Wave Sensors market size was valued at USD 707 billion in 2021 and it is projected to reach around USD 1750 billion by 2030.