Market Trends of Surface Acoustic Wave Sensors Industry
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.
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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.
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