Stratview Research has launched a new report, titled Acoustic Wave Sensor Market, By Type (Surface Acoustic Wave Sensor, Bulk Acoustic Wave Sensor), By End Use (Automotive, Food and Beverages, Environmental, Healthcare, Others), and Region.
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
is estimated to grow from USD 585.6 million in 2020 to USD 1,076.0 million by 2026 at a healthy CAGR of 10.9% during the forecast period.
Market Segments’ Analysis
Based on type, the acoustic wave sensor market has been divided into surface acoustic wave sensors and bulk acoustic wave sensors. The surface acoustic wave sensor segment accounted for the largest market share in 2020. Surface acoustic wave (SAW) sensors are primarily used to sense the occurrence of any change in frequency of different parameters such as pressure, temperature, and chemical vapors, torque, among others.
By region, the North American Acoustic Wave Sensor market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The acoustic wave sensor market growth is mainly propelled by low manufacturing cost, technological developments, and the wireless & passive nature of the products. Moreover, the usage of acoustic wave sensors in the military and industrial sectors further bolsters regional market growth.
The Asia-Pacific Acoustic Wave Sensor market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. This growth is mainly attributed to the growing consumption of acoustic wave sensors, mainly in the industrial & automotive sectors in the countries of China, Japan, and India.
The following are the key players in the Acoustic Wave Sensor Market
TAIYO YUDEN (Japan)
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
What is the current and future market size of Acoustic Wave Sensor Market?
How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
What will be the short and long-term effects of the pandemic?
How are other market factors affecting the market dynamics?
Which segments offer high-growth opportunities in the long run?
How fierce is the Acoustic Wave Sensor Market competition?
What are the key emerging trends and unmet needs in the present market?
What are the strategic growth opportunities and key success factors?
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