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Acoustic Wave Sensor Market to Reach $863 Million by 2023 - High Demand for SAW-based Temperature Sensors from Various VerticalsDUBLIN, July 28, 2017 /PRNewswire/ -- The "Acoustic Wave Sensor Market - Global Forecast to 2023" report has been added to Research and Markets' offering.  The acoustic wave sensor market is expected to be worth USD 868.3 Million by 2023, at a CAGR of 10.7% between 2017 and 2023. The growth of this market is propelled by the high demand for SAW-based temperature sensors from various verticals. The industrial vertical held the largest share of the acoustic wave sensor market in 2016 as it involves the largest use of sensors. The automotive vertical held the second-largest market share in 2016. This dominance is attributed to the use of acoustic wave sensors for the security and surveillance applications in these verticals. For instance, pressure sensors are built into tires of cars to wirelessly transmit the pressure data to the driver of the vehicle. This helps prevent accidents caused by tire burst by warning the driver about low tire pressure. The resonators segment held the largest size of the acoustic wave sensor market in 2016. The resonators are not altered by fluctuations in source and circuit voltage. Therefore, they are suitable for the applications such as automotive keyless entry and tire pressure mnitoring. The temperature sensing parameter holds the largest share of the acoustic wave sensor market. The resonators are not altered by fluctuations in source and circuit voltage. The acoustic wave sensors for temperature sensing are used for critical applications such as monitoring rotating machine components and combustion chambers in the industrial and automotive verticals. The technical issues associated with energy consumption and sensitivity is one of the major challenges witnessed by the acoustic wave sensor market. Devices based on metal-oxide-semiconductor technology consume more power than the electrochemical devices. Gas sensors face difficulty with the maintenance of a high level of sensitivity to detect different gases under high humidity conditions. Various sensors have different sensitivities, and their functionalities are specific for particular atmospheric conditions Companies Mentioned
Key Topics Covered: 2 Research Methodology 3 Executive Summary 11 Competitive Landscape For more information about this report visit https://www.researchandmarkets.com/research/jw7p4j/acoustic_wave Media Contact: Research and Markets
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