Surface Acoustic Wave Sensors Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.03 Billion |
| Market Size (2029) | USD 1.83 Billion |
| CAGR (2024 - 2029) | 12.29 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Surface Acoustic Wave Sensors Market Analysis
The Surface Acoustic Wave Sensors Market size is estimated at USD 1.03 billion in 2024, and is expected to reach USD 1.83 billion by 2029, growing at a CAGR of 12.29% during the forecast period (2024-2029).
Due to their small size, rugged nature, economical production, stability in operation, and applications across various end-user industries, the surface acoustic wave sensors make them an increasingly adopted sensor technology during the forecast period.
- Surface acoustic wave (SAW) technology has been significantly adopted across some industry applications, including aerospace, telecommunication, and automotive. The most common use is in electronic components known as SAW filters, a basic radio frequency (RF) circuit component. SAW devices have also been utilized to measure humidity, pressure, and temperature and detect certain chemicals.
- With advancements in the communication sector, SAW and bulk-acoustic-wave (BAW) resonators, filters, oscillators, and delay lines have gained traction. Apart from being passive and wirelessly interrogated, SAW sensors are competitively priced, intrinsically rugged, highly responsive, and intrinsically reliable.
- The automotive, defense, and aerospace industries are also attracting vendors in the market studied in recent years. As these sensors are insensitive to Magnetic Fields, many automotive applications require torque-sensing close to electric motors and solenoids. This is problematic for some other types of sensor technology.
- In the initial phase of COVID-19, the studied market witnessed a disruption in the supply chain owing to a nationwide lockdown and closure of many manufacturing capacities. However, after Q2 2020, the market started witnessing a recovery in demand and in production, the trend of the semiconductor industry was also reflected in the studied market. However, trends like electric vehicles and mandating safety features in automotive are increasing the per vehicle semiconductor content, which will help the SAW sensors demand to overcome the impact in the coming months.
- Researchers specializing in SAW sensors are actively seeking opportunities to partner with non-destructive testing solution providers in a bid to check the feasibility and ultimately open new application areas for these sensors. For instance, in partnership with NYIT's School of Engineering and Computing Sciences, the NDT solution provider for the aerospace and defense industry, X-Wave Innovations Inc., announced to work for NASA to develop an embedded sensor system capable of measuring temperature, pressure, and other stimuli affecting rocket propulsion engine systems. The project was also awarded funding of over USD 125,000 by NASA.
Surface Acoustic Wave Sensors Market Trends
This section covers the major market trends shaping the Surface Acoustic Wave Sensors Market according to our research experts:
Healthcare Segment is Expected to Grow at a Significant Rate
- The ongoing demands for low-cost sensor adaptability with flexible substrates, which are also capable of wireless monitoring, are driving the need for SAW sensors in the Healthcare industry. Biosensing application is one of the most common SAW technology applications in the healthcare industry, increasing its adoption in Point of Care (POC) testing and analysis devices for a particular disease.
- The healthcare and the biomedical sectors are increasingly investing in biosensors and MEMS due to the increasing requirement for rapid, compact, accurate, and portable diagnostic sensing systems. SAW sensors are useful for devices used for cancer cell detection, electrocardiogram (ECG), biopotential monitoring biosensors, heart attack monitoring, blood glucose monitoring, and the development of wearable biosensors.
- Another promising application is monitoring chest sounds in neonatal care units where the miniature SAW sensors minimize discomfort for newborns. The increasing adoption and development of hand-held monitoring devices are also expanding the scope of SAW sensor adoption.
- In recent years, SAW sensors have been increasingly used for detecting multiple high-profile bacteria viruses, including Ebola, HIV, Sin Nombre, and Anthrax. The recent COVID-19 pandemic has also motivated many SAW manufacturers to target this application.
- For instance, in August 2022, engineers at the Massachusetts Institute of Technology (MIT) developed a new category of wireless wearable skin-like sensors for health monitoring. The new sensor is an ultrathin semiconductor film made of a piezoelectric substance that adheres to the skin, sensing the vibrations of the body, and will be called 'e-skin.' Such initiatives by various organizations are expected to contribute to the increase in demand growth for SAW sensors in the healthcare market.
- Similarly, the increase in the demand for wireless and remote monitoring systems in the healthcare market owing to the spread of COVID-19 is also expected to contribute to the market growth.
North America Region is Expected to Witness Significant Growth
- The United States is one of the major markets for surface acoustic wave sensors in the North American region, followed by Canada. The North American market is expected to witness an increase in the demand for SAW sensors owing to the applications in the safety-related mandates for the automobile industry in the region.
- With the increasing technological advancements in the North American region, many industries are expected to take advantage of these sensors. The rapid surge in demand for these sensors is also due to multiple applications in various industries, including automotive, aerospace, healthcare, consumer electronics, and the industrial sector.
- Moreover, the regional market is also growing owing to the various innovative research and development activities undertaken by the government and research institutions. Market scenarios like the recent COVID-19 pandemic have further fueled the support and demand for these research activities.
- Moreover, the North American region is also one of the most technologically advanced application markets for these sensors owing to the presence of many prominent system suppliers, sensor manufacturers, and large semiconductor companies. The enormous size of the region, the affluence of its consumers, and the highly competitive nature of the medical equipment manufacturers make this region a lucrative market for surface acoustic wave sensor manufacturers.
- Further, semiconductor industry participants are also trying different ways to benefit from the anticipated MEMS demand. The market is expected to constitute IDMs and established fabless companies that would outsource some of their technologies in the future. The market has been witnessing several developments and expansion activities related to the field by various players to stay ahead of the competition.
- For instance, in December 2021, Microchip Technology Inc. announced a significant expansion of its Gallium Nitride (GaN) Radio Frequency (RF) power device portfolio with new MMICs and discrete transistors that cover frequencies up to 20 gigahertz (GHz). The company's SAW sensors and microelectromechanical systems (MEMS) oscillators and highly integrated modules combine microcontrollers (MCUs) with RF transceivers (Wi-Fi MCUs) that support major short-range wireless communications protocols from Bluetooth and Wi-Fi to LoRa design.
Surface Acoustic Wave Sensors Industry Overview
The Surface Acoustic Wave Sensors Market is moderately competitive owing to the presence of many small and large players operating in the domestic as well as the international markets. The market appears to be moderately concentrated, with the key players adopting strategies like product innovation and mergers and acquisitions.
- August 2022 - The next generation of McLaren Applied's cutting-edge torque system that uses Transense's SAW (Surface Acoustic Wave) technology has been successfully delivered to one of their leading motorsport clients, who will mandate the part across all entrants. The new torque sensor is a non-contact measurement device based on Transense's SAW technology which uses small sensors, is lightweight, robust, and provides accurate wireless measurement.
Surface Acoustic Wave Sensors Market Leaders
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Honeywell International Inc.
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Murata Manufacturing Co., Ltd.
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AVX Corporation
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CTS Corporation
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Teledyne Microwave Solutions
*Disclaimer: Major Players sorted in no particular order
Surface Acoustic Wave Sensors Market News
- May 2021 - Sensor Technology has launched a new range of wireless torque sensors based on a full four-element strain gauge bridge design, complementing its existing non-contact sensors that use surface acoustic wave (SAW) detection. The SGR510/520 series design also compensates for any extraneous forces, such as bending moments that are inadvertently applied to the sensor, which improves sensitivity and has a wide temperature tolerance. The units have a 250% over-range reading capacity, allowing sudden spikes in torque to be measured and recorded accurately.
- April 2021 - Okmetic, the supplier of advanced silicon wafers for the manufacture of microelectromechanical systems and sensors, announced the release of UF-RFSi, a tailored silicon substrate dedicated to thin-film surface acoustic wave (TF-SAW) hybrid structures.
Surface Acoustic Wave Sensors Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Wireless and Passive Nature of Sensors
4.2.2 Low Manufacturing Cost
4.3 Market Restraints
4.3.1 Compatibility and Installation Issues
4.3.2 Limitations in Liquid Sensing
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Sensing Type
5.1.1 Pressure Sensors
5.1.2 Torque Sensors
5.1.3 Temperature Sensors
5.1.4 Humidity Sensors
5.1.5 Chemical Sensors
5.1.6 Other Sensors
5.2 End-User Industry
5.2.1 Automotive
5.2.2 Aerospace and Defense
5.2.3 Consumer Electronics
5.2.4 Healthcare
5.2.5 Industrial
5.2.6 Other End-User Industries
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 API Technologies Corp.
6.1.2 Vectron International (Microchip Technology Inc.)
6.1.3 AVX Corporation
6.1.4 Boston Piezo-Optics Inc.
6.1.5 Ceramtec
6.1.6 CTS Corporation
6.1.7 TDK Electronics AG
6.1.8 Honeywell International Inc
6.1.9 Teledyne Microwave Solutions
6.1.10 Murata Manufacturing Co., Ltd.
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
Surface Acoustic Wave Sensors Industry Segmentation
Surface acoustic wave (SAW) sensors are primarily used for the identification and measurement of physical parameters such as pressure, temperature, acceleration, torque, tire-road friction, humidity, etc. These sensors are used in various end-user industries based on the requirements.
The Surface Acoustic Wave Sensors Market is segmented by Sensing Type (Pressure Sensors, Torque Sensors, Viscosity Sensors), End-user Industry (Automotive, Consumer Electronics, Industrial), and Geography.
| Sensing Type | |
| Pressure Sensors | |
| Torque Sensors | |
| Temperature Sensors | |
| Humidity Sensors | |
| Chemical Sensors | |
| Other Sensors |
| End-User Industry | |
| Automotive | |
| Aerospace and Defense | |
| Consumer Electronics | |
| Healthcare | |
| Industrial | |
| Other End-User Industries |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Rest of the World |
Surface Acoustic Wave Sensors Market Research FAQs
How big is the Surface Acoustic Wave Sensors Market?
The Surface Acoustic Wave Sensors Market size is expected to reach USD 1.03 billion in 2024 and grow at a CAGR of 12.29% to reach USD 1.83 billion by 2029.
What is the current Surface Acoustic Wave Sensors Market size?
In 2024, the Surface Acoustic Wave Sensors Market size is expected to reach USD 1.03 billion.
Who are the key players in Surface Acoustic Wave Sensors Market?
Honeywell International Inc., Murata Manufacturing Co., Ltd., AVX Corporation, CTS Corporation and Teledyne Microwave Solutions are the major companies operating in the Surface Acoustic Wave Sensors Market.
Which is the fastest growing region in Surface Acoustic Wave Sensors Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Surface Acoustic Wave Sensors Market?
In 2024, the Asia Pacific accounts for the largest market share in Surface Acoustic Wave Sensors Market.
What years does this Surface Acoustic Wave Sensors Market cover, and what was the market size in 2023?
In 2023, the Surface Acoustic Wave Sensors Market size was estimated at USD 0.92 billion. The report covers the Surface Acoustic Wave Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surface Acoustic Wave Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Surface Acoustic Wave Sensors Industry Report
Statistics for the 2024 Surface Acoustic Wave Sensors market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Surface Acoustic Wave Sensors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
