DUBLIN, June 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/7vbvvc/us_acoustic) has announced the addition of the "US Acoustic Sensors Market - Growth, Trends And Forecasts (2014 - 2020)" report to their offering.
The US Acoustic sensors market is expected to increase to $1.80 billion by 2018 at a CAGR of 15.03% over the period 2014-2020
US accounted 83% market share in North America Acoustic sensors market and estimated to be the highest in North America market with a CAGR of 15.03%. The Inclination of Growth towards Telecommunications Market, Wireless and Passive Nature, Low Manufacturing Cost and Technological Developments are the key drivers which are making the Acoustic Wave Sensors market to grow lucratively. The largest application segment for acoustic wave sensors is the industrial segment, followed by automotive segment with a growing number of applications of these sensors in TPMS, emission control, and torque measurement. Acoustic wave sensors are expected to show significant growth in the healthcare industry, where there is an enormous need for wireless sensors.
The growth of the Acoustic Wave Sensors Market is currently being hindered by replacing SAW Sensors with other sensors in conventional applications and low mass sensitivity. The demand for reliable, high performance and low cost sensors is growing and leading to the development of latest technologies like micro technology and nanotechnology, offering opportunities like miniaturization and mass production. The temperature, pressure, torque, and viscosity sensors are most widely used, but there will be a healthy growth of other sensors such as mass and humidity in the future.
The Acoustic Sensors Market is segmented on the basis of Type (Surface Wave Sensors, Bulk Wave Sensors), Sensing Parameters (Temperature, Pressure, Mass, Torque, Humidity, Viscosity and Chemical Vapor) and End User Industry (Automotive, Aerospace & Defense, Consumer Electronics, Healthcare and Industrial).
- Api Technologies Corp.
- Asr&D Corporation
- Boston Piezo-Optics Inc.
- Cts Corporation
- Ecs Inc. International
- Epson Toyocom
- Honeywell International Inc.
- Murata Manufacturing Co. Ltd.
- Panasonic Corp.
- Phonon Corporation
- Raltron Electronics Corporation
- Shoulder Electronics Ltd.
- Teledyne Microwave Solutions
- Triquint Semiconductor, Inc.
- Vectron International
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SOURCE Research and Markets