World Acoustic Sensors Market Analysed in New Stratistics Market Research Consulting Report Published at MarketPublishers.com
26 Nov 2015 • by Natalie Aster
LONDON – Globally, the acoustic sensors market reached USD 5.14 billion in 2014 in value terms, and it is set to reach USD 14.81 billion by 2022, posting 14.1% CAGR to 2022. The rise of the telecom market, technological advances like micro technology and nanotechnology as well as low production costs are amid the key factors igniting the market growth. The market growth is presently being restrained by substituting surface acoustic wave (SAW) sensors with other sensors in traditional applications. The temperature, torque, viscosity, and pressure sensors are most commonly used; however, a robust growth of other sensors such as mass and humidity is expected in the offing. Government regulations in Europe and the USA for the implementation of tire pressure monitoring systems (TPMS) on automobiles create novel market growth opportunities.
North America is expected to continue to take the lead in the acoustic sensors market, capturing a market share of over 30% in the years to come. Meantime, APAC is likely to record the fastest CAGR in the upcoming years. The industrial segment is the largest application segment of the market, followed by the automotive segment with a surging number of applications of these sensors in TPMS, emission control, and torque measurement. The health care industry is the market’s emerging segment, where there is a great need for wireless sensors.
Teledyne Microwave Solutions, Panasonic, Raltron Electronics, Ceramtec, Honeywell International, CTS Corporation, Vectron International, Senseor, Boston Piezo-optics INC, Triquint Semiconductor are the major players in the market.
New in-demand report “Acoustic Sensors Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)” developed by Stratistics Market Research Consulting delves into the world API market, analysing and segmenting it by type, sensing parameter, application, and geography. It provides analyses of the market shares by region and country, and market shares of the top industry players; offers strategic recommendations for the new entrants; identifies key drivers, restraints, opportunities, threats, challenges, etc.; examines the competitive scenario and profiles the leading companies covering detailed strategies, financials, and recent developments; discusses major trends in the supply chain. The study also includes detailed market forecasts to 2022 for the market segments and sub-segments as well as for the major regional markets.
Acoustic Sensors Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)
Published: November, 2015
Price: US$ 4,150.00
More studies by the publisher can be found at Stratistics Market Research Consulting page.