Latin America Acoustic Sensors Market - Growth, Trends and Forecasts (2015- 2020)
The Latin America acoustic sensors market is projected to reach USD 0.22 billion by 2018 at a CAGR of 4.35% over the period 2014-2020. Strong commodity pricing, growing consumer markets and low interest rates are the major factors driving the emerging market for acoustic wave sensors in Latin America.
The growth of telecommunications market is another key factor contributing to the growth of the market. However, low mass sensitivity and conventional applications use other sensors instead of SAW sensors hindering the growth of the market. Growing demand for reliable, low cost and high performance sensors lead to the development of latest technologies like microtechnology and nanotechnology, offering miniaturization and mass production opportunities. The temperature, pressure, torque, and viscosity sensors are most widely used, but there will be a healthy growth of other sensors that measure mass and humidity in the future.
The acoustic sensors market is segmented on the basis of type, sensing parameters, end user industry, and geography. Countries contributing the market in this region are Brazil and Argentina. Brazil dominates the market due to the strong economic and political influence in the region. The largest application segment for acoustic wave sensors is the industrial segment, followed by the automotive segment with a growing number of applications of these sensors in TPMS, emission control, and torque measurement. The emerging segment for acoustic wave sensors is the healthcare industry, where there is an enormous need for wireless sensors.
This report describes a detailed study of the Porter's five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis. The report also considers key trends that will impact the industry. Some of the key players mentioned in the report are
CTS Corporation Honeywell International Inc. Panasonic Corporation Teledyne Microwave Solutions Boston Piezo-optics Inc.
What the report offers
Market definition for the Latin America acoustic sensors market along with identification of key drivers and restraints for the market. Market analysis for the Latin America acoustic sensors market, with region specific assessments and competition analysis on a regional scale. Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a regional scale. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share. Identification and analysis of the macro and micro factors that affect the Latin America acoustic sensors market on a regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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