United Kingdom is Estimated to Command the Largest Market ($95.5 Million) of the Acoustic Wave Sensor Market

Date: 2015-08-13

“The acoustic wave sensor market is estimated to grow at a CAGR of 18% from 2014 to 2019. Acoustic wave sensor market had a market share of 20.5% in Europe’s market in the year 2014. The growth of acoustic wave sensor market is driven by factors such as increasing demand in automotive, industrial usage, consumer electronics, healthcare, and aerospace & military.
In this report, the acoustic wave sensor for the European market has been broadly classified based on sensing parameters mainly temperature, humidity, torque, pressure, mass, viscosity, chemical vapor, and other minor influential factors as well. The temperature based acoustic wave sensors market is expected to grow at a CAGR of 15.5% from 2014 to 2019. This is mainly influenced due to their increasing demands in multiple sectors used in cleanrooms, air quality monitors, atmospheric monitors, humidity sensor, pressure indicators and many more.
In Europe, the United Kingdom is estimated to command the largest market of the acoustic wave sensor market, valued at $95.5 million, followed by Germany, France and Italy by the end of 2019. The acoustic wave sensor market of UK is growing at a CAGR of 19% from 2014 to 2019. The factors driving the growth of acoustic wave sensors in the U.K. are the increasing use of acoustic wave sensor in applications such as automotive, aerospace & military, healthcare, consumer electronics, and industrial sector.

There are a number of players in the European region for acoustic wave sensor market which marks it competitiveness. As of 2014, the European acoustic wave sensor market has top-notch market players including Siemens, Honeywell International, CTS Corporation, TDK Corporation, and Crane Aerospace & Electronics. New product launches and partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the acoustic wave sensor market.    

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