Albany, NY -- (SBWIRE) -- 11/28/2016 -- The growing applications of surface acoustic wave (SAW) sensors is the primary growth driver for the global market, says Transparency Market Research. The research report, titled "Surface Acoustic Wave (SAW) Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024," offers an insightful perspective on the various aspects determining the future of the overall market. The researchers have analyzed the drivers and restraints shaping the trajectory of the SAW sensors market across the globe. The document provides an executive summary, SWOT analysis, market attractiveness, Porter's five forces analysis, and recommendations from industry experts.
The applications of SAW sensors analyzed in this research report are automotive, industrial, emission control, TPMS, and torque measurement. The sensing functionalities catered to by the global market are the strain, torque, pressure, chemical vapor, viscosity, and temperature amongst others. The end users of SAW sensors are the defense, aviation, consumer electronics, automotive, and the healthcare sector amongst others. In the past few years, the demand for SAW sensors has gained significant momentum due to its growing application in the military operation, communication industry, and for the purpose of safety monitoring.
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The demand for SAW sensors is also being raised due to the development of advanced cell phone infrastructure, which uses SAW components. The sprawling telecommunication networks, especially in the developing countries due to the introduction of affordable mobile devices and widening Internet availability, is anticipated to boost the market in the coming years as well. Additionally, the compulsion of equipping vehicles with Tire Pressure Monitoring System (TPMS), especially in North America and Europe, is expected to augment the demand for SAW sensors market in the near future.
Geographically, the global SAW sensors market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Analysts predict that Asia Pacific is likely to dominate the global market in the coming years. The rapid growth of the telecommunication sector in the region and robust demand for consumer electronics is expected to boost the regional market. The rising disposable incomes and the strengthening economies of India, Taiwan, and China are also likely to fuel the overall market in the coming years.
Some of the leading players operating in the global SAW sensors market are Honeywell International Inc., Vectron International, Mercury United Electronics Inc., Boston Piezo-Optics Inc., Panasonic Industrial Solutions, NEC Corporation, Golledge, Raytheon Company, CTS Corporation, AVX Corporation, and Teledyne Microwave Solutions amongst others. The researchers have explained the competitive landscape of the global market and provided the details explanation of the business and marketing strategies these players are expected to take in the coming years as well.