Acoustic Wave Sensor Market Size was valued at USD 0.66 Billion in 2023. The Acoustic Wave Sensor Market industry is projected to grow from USD 0.7306 Billion in 2024 to USD 1.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.47% during the forecast period (2024 - 2032). Growing need for wireless sensing devices and acoustic wave sensors in the automobile industry are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Rising demand for wireless sensing devices propels market growth
Market CAGR for acoustic wave sensor is being driven by the rising demand for wireless sensing devices. Acoustic wave sensors are battery-free and wireless, making them perfect for remote sensing applications. These sensors can detect characteristics such as temperature, pressure, and humidity. The growing demand for these sensors in the automotive and healthcare industries is driving the market. These sensors are utilized in the automotive sector for tire pressure monitoring and engine management systems. These sensors are used in the healthcare business to measure vital signs such as heart rate and respiration rate.
The growing implementation of IoT technology and the requirement for real-time monitoring of various metrics are also driving the market. The market is predicted to expand due to rising demand for wireless sensing devices and the widespread usage of IoT technology. All of these factors are propelling the Acoustic Wave Sensor Market forward.
Moreover, the increasing need for these sensors in areas including oil and gas, chemical, and manufacturing. These sensors are used in the oil and gas industry to monitor the flow of oil and gas through pipelines. These sensors are used in the chemical industry to monitor the pressure and temperature of chemical reactors. These sensors are used in the manufacturing industry to monitor the status of machinery and equipment. The market is predicted to expand due to rising industrial demand for acoustic wave sensors.
The low production cost of SAW devices and components is a significant growth factor in the industry under consideration. SAW components provide high performance levels and unique attributes not found in electrical components alone. Although BAW devices can withstand greater frequencies and power levels, SAW components are often less priced. Because of their small size and low cost, SAW sensors can be utilized as disposables due to the lack of batteries and batch manufacturing. New conductive printing technologies have also enabled the production of custom SAW devices in a more timely and cost-effective manner, attracting more end users to the business under investigation. Businesses also use piezoelectric on-insulator (POI) substrates to produce low-cost goods.
For instance, Qualcomm says that its ultrasaw RF Filter Technology outperforms competitor filter technology while being significantly less expensive. A SAW filter on POl has a lower loss and costs less to manufacture than a SAW filter on bulk material. More and more organizations are developing SAW devices for unique sensing applications by employing low-cost fabrication of custom SAW devices.
The Acoustic Wave Sensor Market segmentation, based on type includes Bulk acoustic wave, Surface acoustic wave. During the projected period, the bulk acoustic wave sensor category is expected to increase at the fastest CAGR. A bulk acoustic wave is an acoustic wave that travels through piezoelectric materials, causing electric currents to flow. For BAW sensors, several substrates have been employed, with the demand being driven primarily by economics and fabrication restrictions. Bulk acoustic wave sensors can tackle the world's most difficult interference and coexistence problems. At higher frequency levels, bulk acoustic wave sensors typically provide improved performance with lower insertion loss. They are less affected by temperature changes. As a result, the frequency ranges covered by the bulk acoustic wave are suited for particularly demanding applications.
Figure1: Acoustic Wave Sensor Market, by Type, 2022&2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Acoustic Wave Sensor Market segmentation, based on Devices, includes Delay line, Holographic Telepresence, Holographic Television, Resonator. The delay line segment holds the biggest market share. Delay line devices are utilized in a variety of industries, including telecommunications, automotive, and healthcare, for signal processing and time delay applications. The growing need for these sensors in industries such as automotive, healthcare, and telecommunications is driving the market. These sensors are used in the automotive sector to monitor the status of engines and transmissions. These sensors are used in the healthcare business to monitor patients' conditions and for diagnostic purposes. These sensors are utilized in the telecommunications industry for filtering and frequency management in wireless communication systems.
The Acoustic Wave Sensor Market segmentation, based on vertical, includes Healthcare, Environmental, Military, Food average, Automotive. The healthcare industry is a major player in the Acoustic Wave Sensor Market. Acoustic wave sensors are utilized in the healthcare industry for a variety of applications, including patient monitoring and diagnostics. In the healthcare field, these sensors can be utilized to monitor numerous characteristics such as temperature, pressure, and humidity. The increasing demand for these sensors in the healthcare industry is driving the market. The market is likely to expand due to increased demand for acoustic wave sensors in the healthcare industry.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Acoustic Wave Sensor Market area will dominate this market, because of technology advancements and reduced manufacturing costs. Furthermore, the wireless and passive nature of the goods will contribute to the region's acoustic wave sensor market growth during the forecast period.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Acoustic Wave Sensor Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Acoustic Wave Sensor Market accounts for the second-largest market share because of the growing need for these sensors in areas such as automotive, healthcare, and telecommunications. Further, the German Acoustic Wave Sensor Market held the largest market share, and the UK Acoustic Wave Sensor Market was the fastest growing market in the European region
The Asia-Pacific Acoustic Wave Sensor Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the emergence of developing countries such as India, China, Japan, and so on. Furthermore, the expansion of a large number of industrial businesses is expected to drive the growth of the region's acoustic wave sensor market in the approaching years. Moreover, China’s Acoustic Wave Sensor Market held the largest market share, and the Indian Acoustic Wave Sensor Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Acoustic Wave Sensor Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Acoustic Wave Sensorindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Acoustic Wave Sensor industry to benefit clients and increase the market sector. In recent years, the Acoustic Wave Sensor industry has offered some of the most significant advantages to medicine. Major players in the Acoustic Wave Sensor Market, including Qualtre Inc. , Abracon LLC sensor, Hawk Measurement System, Sensor Technology Ltd. , Nano Temper Technologies GmbH, Althen GmbH and others, are attempting to increase market demand by investing in research and development operations.
Siemens AG is a global technological firm headquartered in Germany. Its operations include process and manufacturing automation and digitalization, intelligent infrastructure for buildings and distributed energy systems, rail transport solutions, and health technology and digital healthcare services. Siemens is Europe's largest industrial manufacturing firm and the world leader in industrial automation and industrial software. In 2019, Siemens AG has announced the acquisition of an acoustic wave sensor technology firm.
Emerson Electric Co. is a worldwide firm based in Ferguson, Missouri. The Fortune 500 firm develops goods and offers engineering services to the industrial, commercial, and consumer markets. Emerson employs roughly 86,700 people and operates 170 manufacturing facilities. Emerson Electric Manufacturing Co. was founded in 1890 in St. Louis, Missouri, by Civil War Union soldier John Wesley Emerson to manufacture electric motors utilizing a patent owned by the Scottish-born brothers Charles and Alexander Meston. It was the first company in the United States to sell electric fans in 1892. Its product portfolio swiftly extended to include electric sewing machines, electric dental drills, and power tools. In 2020, Emerson Electric Co. has introduced a new line of acoustic wave sensors for the oil and gas industry.
API Technologies Corp
Vectron International
A D Metro Inc.
Qualtre Inc.
Abracon LLC
Sensor Technology Ltd.
NanoTemper Technologies GmbH
Althen GmbH
August 2022 - The next generation of McLaren Applied’s cutting-edge torque system that uses Transense's SAW (Surface Acoustic Wave) technology has been successfully delivered to one of their leading motorsport clients, who will require it for all entrants. The new torque sensor is a non-contact measurement device based on Transence’s SAW technology, which employs small sensors; it is lightweight, durable, and has accurate wireless measurements.
NTT Corporation demonstrated a technology for measuring vibrations in optical fibers with extremely high accuracy to detect environmental vibrations in optical fiber cables for communication purposes in September 2021. Consequently, the market growth is driven by the increasing adoption of advanced sensor technologies that can capture sound vibrations.
TDK Corporation introduced industrial motion sensors, referred to as IIM-46234 and IIM-46230, targeting fault tolerance detection in high-performance navigation applications in November 2022.
In April 2022, Bandweaver Technology launched a Perimeter Intrusion Detection System called ZoneSentry to detect and alert to the vibrations associated with intrusion events.
December 2021 - University of South Florida marine scientists have commenced initial field missions in Tampa Bay and the Gulf of Mexico as part of an effort to test a new approach towards mapping shallow coastal areas susceptible to coastal changes and storms yet proving difficult to investigate. High-resolution maps are generated using imagery from an acoustic sensor, which was mounted on a remotely controlled unmanned surface vehicle (USV), a laser-based sensor mounted on an airplane, and satellite images, among others.
April 2022- Murata Manufacturing Co., Ltd. (hereinafter referred to as "Murata Manufacturing") emerged as a receiver of “The Commendation for Science and Technology” awarded by the Minister of Education, Culture, Sports, Science, and Technology in the Development category for developing surface acoustic wave components along with manufacturing method thereof.
October 2022- KYOCERA AVX produced VCAS Series MLVs designed to meet automotive industry requirements for more robust component solutions while incorporating FLEXITERM® technology, which has been developed to reliably withstand severe flexing, vibration, and temperature cycling. The performance of these new components allows mechanical board flexure up to 5mm over 3000 temperature cycles (up to 150°C) without any board flex failures such as internal cracks, depanelization, or significant changes in electrical characteristics.
Bulk acoustic wave
Surface acoustic wave
Delay line
Holographic Telepresence
Holographic Television
Resonator
Healthcare
Environmental
Military
Food average
Automotive
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.66 Billion |
| Market Size 2024 | USD 0.7306 Billion |
| Market Size 2032 | USD 1.4 Billion |
| Compound Annual Growth Rate (CAGR) | 8.47% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Devices, Vertical and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | A D Metro Inc., Qualtre Inc. , Abracon LLC sensor, Hawk Measurement System, Sensor Technology Ltd. , Nano Temper Technologies GmbH, Althen GmbH |
| Key Market Opportunities | The industry invests much on safety systems innovation. |
| Key Market Dynamics | End-users in the acoustic wave sensor market are increasingly seeking temperature sensors. |
Frequently Asked Questions (FAQ) :
The Acoustic Wave Sensor Market size was valued at USD 0.66 Billion in 2023.
The global market is projected to grow at a CAGR of 8.47% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Qualtre Inc. , Abracon LLC sensor, Hawk Measurement System, Sensor Technology Ltd. , Nano Temper Technologies GmbH, Althen GmbH.
The bulk acoustic wave sensor category dominated the market in 2022.
The delay line had the largest share in the global market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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