Surface acoustic wave filter sales reached US$ 3.2 billion in 2018, and Persistence Market Research’s most recent market research report predicts that they will increase by 8.5% CAGR from 2019 to 2029. The shift from 4G to 5G cellular networks and increased wireless system usage could result in an increase in the use of surface acoustic wave (SAW) filter market . Due to the increased need for SAW filter technology in the aerospace and military as well as the widespread adoption of 5G network technology, the market for surface acoustic wave filters will grow in the coming years.
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Key Findings from the Market Study on Surface Acoustic Wave (SAW) Filter Market
- For extremely miniaturised systems, great power densities and low risk of early failure are produced by combining high power levels and small size of surface acoustic wave filters.
- SAW filters are being used more frequently by 5G and IoT network suppliers in Asian nations, which is fueling the region’s growth and innovation. Sales of SAW filters are anticipated to increase in Western European and Asian nations in the upcoming years.
- Surface acoustic wave filters could have growth opportunities due to ongoing advancements in wireless network communication systems for quick adoption in the aerospace and defence industries.
- The expansion of the surface acoustic wave filters market is being hampered by spectrum overuse and frequency interference in network infrastructure.
- According to PMR, the demand for SAW filters from the healthcare industry is anticipated to grow rapidly throughout the projected period, at a CAGR of 11%.
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Strategic Partnerships to Drive Product Innovation and Market Growth for Surface Acoustic Wave (SAW) Filter Market
By collaborating and partnering with other market participants, SAW filter producers are modernising their products to give a wide range of solutions in many industries and disciplines.
For instance, Tai-Saw Technology (TST) and Murata Manufacturing collaborated in November 2019 to grant TST rights in order to sell SAW filter products to Murata’s clients (mainly in the field of non-mobile phone applications that Murata has contracted manufacturing to TST).
Discover More Useful Information Regarding Surface Acoustic Wave (SAW) Filter Market
With historical demand data (2014–2018) and projected figures for the years 2019–2029, Persistence Market Research offers a frank study of the worldwide surface acoustic wave filters market. The market is divided into seven major regions based on type (RF SAW filters and IF SAW filters), frequency range (less than 100 MHz, 100-500 MHz, 501-1000 MHz, 1001-2000 MHz, and more than 2000 MHz), and application (consumer electronics, telecommunications, automotive, aerospace & defence, healthcare, and industrial).
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