Acoustic wave sensors are expected to show good growth across different application segments due to their competitive advantages over the other technologies. As of now, temperature, pressure, torque, and viscosity sensors are the only ones to have reached complete commercialization but we predict a healthy growth of the other sensors as well in future as more applications of acoustic wave sensors get realized in the years to come.
Chemical sensors rely on the mass sensitivity of the sensor in combination with a chemically selective coating that absorbs vapor. This process results in an increased mass loading of the acoustic sensor (especially SAW). The coating used for chemical sensing should be completely reversible and fairly quick (it should absorb and desorbs the vapor completely). Excellent chemical vapor detection is possible when several acoustic wave sensors, each with a unique chemically specific coating, are placed in an array, by using pattern recognition software, various organic compounds can be detected and identified, thereby making acoustic wave sensor a very powerful chemical analyzer.
The value of this market was $10.0 million in 2012 and the figure is expected to reach $51.0 million in 2018, at an estimated CAGR of 31.1% from 2013 to 2018.
Low manufacturing cost and further reduction in prices of these sensors throughout the forecasted period will be amongst the strong factors for increasing their consumption in fast growing application like automotives and healthcare. Europe leads in terms of revenue generation with most of the acoustic wave device manufacturers based there. The fastest growth is expected from APAC which offers great potential for acoustic wave sensors for various applications especially automotives and industrial segment
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