Pune, India -- (SBWIRE) -- 04/20/2018 -- Market Highlights:
The global acoustic wave sensor market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The Acoustic Wave Sensor Market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the acoustic wave sensor market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.
Key Players
The key players in the global acoustic wave sensor market include- Althen GmbH Mess- und Sensortechnik (Germany), Vectron International Inc. (US), Qualtre Inc. (US), SENSeOR SAS (France), NanoTemper Technologies GmbH (Germany), Transense Technologies plc (UK), Sensor Technology Ltd. (US), Pro-micron GmbH & Co. KG (Germany), Hawk Measurement Systems (Australia) and H. Heinz Meßwiderstände GmbH (Germany) among others.
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Segments
For the purpose of this study, Market Research Future has segmented the market of acoustic wave sensor into type, device, vertical and region.
Type-
- Surface Acoustic Wave Sensor
- Bulk Acoustic Wave Sensor
Device-
- Resonator
- Delay Line
- Holographic Television
- Holographic Tele presence
- Others
Vertical-
- Healthcare
- Automobile
- Industrial
- Food and Beverages
- Environment
- Defense
- Others
Region
- North-America
- Europe
- Asia-Pacific
- RoW
Regional Analysis
The global acoustic wave sensor market is expected to grow significantly over the forecast period, 2017-2023. Automotive segment of acoustic wave sensor market globally drives the market majorly due to their extensive range of uses in the automobile industry. The market is expected to have higher growth rate as compared to the previous years. The global acoustic wave sensor market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Automotive segments hold a largest share in the North American region. The reason is attributed to implementation of sensor devices in various industries and the growing concern about security.
Also, organizations are looking for better technologically advanced solutions in this region. Therefore, automotive sector of the North American market accounted for the largest market share.
Asia-Pacific region is expected to grow over the forecast period. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing number of businesses in this region and the growing adoption of sensors by the automotive industry.
North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to increasing number of vendor present across this region and the growing use of technologically advanced solutions and presence of technical expertise.
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Intended Audience
- Raw material providers
- Original equipment manufacturers
- Semiconductor component suppliers
- Acoustic Wave Sensor distributors
- Software solution providers
- Connectivity Service providers for hazardous equipment
- Research institutes and organizations
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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