Wellesley, Mass., June 29, 2017 (GLOBE NEWSWIRE) --
Rising demand for automotive and industrial applications, along with implementation of stricter passenger-safety legislation, are driving solid growth in the global market for acoustic sensors, reports Acoustic Sensors: Technologies and Global Markets. The June 2017 report predicts the market for acoustic wave sensors will grow from nearly $6.0 billion in 2016 to $8.2 billion by 2021.
Surface acoustic wave (SAW) devices are gaining popularity due to their increasing applications in different markets such as industrial, military, communications, and safety monitoring. The BCC Research study also finds that the demand for bulk acoustic wave (BAW) sensors is growing rapidly as it migrates from the military and high-end industrial markets into consumer wireless applications.
Research Highlights
- The U.S. TREAD (Trade Related Entrepreneurship Assistance and Development) Act and the EU TPMS (tire pressure monitoring system) issued by NHTSA (National Highway Traffic Safety Administration) and the E.U., respectively, are expected to drive the market until 2021.
- SAW and BAW sensors are estimated to grow at a 7.1% CAGR and a 5.4% CAGR, respectively, from 2016 to 2021.
- At 1.8 to 1.9 GHz, BAW sensors become very competitive against SAW sensors, with improved performance, and against ceramic filters, with significant size reduction in handset designs.
"In the current market scenario, smart sensors are much in demand in industries such as consumer electronics, automotive and healthcare, as well as in some industrial sectors, such as textile, material manufacturing and food and beverage among others," says Kevin Fitzgerald, BCC Research editorial director. "Thus, the demand for SAW sensors will increase, which will foster rapid growth of that device market."
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.