The surface acoustic wave market was valued at USD 4.9 billion in 2021 and is expected to grow to USD 8.4 billion in 2028, recording a remarkable CAGR of 12.6% in the projection period.
Sound waves with an exponentially decreasing displacement amplitude are known as surface acoustic waves and can move along the surface of any material.
The application of surface acoustic wave devices across numerous industries for various applications, such as microfluidics, geophysics, and flow measurement is driving the market expansion. On account of the surface acoustic wave devices’ early development stage, the global market witnessed exceptional technological advancements. The majority of these developments were geared toward military and aviation uses. Yet, with the development of communications in recent years, there has been a considerable change in the market for surface acoustic wave devices, leading to market expansion.
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On the basis of the frequency range insights, the global surface acoustic wave market is bifurcated into Less than 100 MHz, 101–1,000 MHz, 1,001–2,000 MHz, and More than 2,000 MHz. On account of the expanding applications in various devices like radars, sensors, satellites, radios, and wireless devices, the 101–1,000 MHz segment will dominate the worldwide surface acoustic wave market in 2020. Surface acoustic wave filters with a frequency range of 100–1,000 MHz are used as standalone components or integrated with other parts to give improved filtering capabilities that are also suitable for non-cellular wireless technologies like Wi-Fi, Bluetooth, and GPS. These filters offer superior filtering and efficient frequency use in high-speed data transmission applications.
These are cost-effective alternatives to the most recent designs since they also offer robust insolation for good sensitivity and lower consumption through reduced insertion loss to ensure optimal performance. SAW filters with a frequency range of 100–1,000 MHz are used by base stations, digital television, telecoms, smartphones, and more. For instance, Tai-SAW Technologies Co., Ltd. published a line of IF SAW filters in October 2020 that is intended for 5G infrastructure applications such as base stations, repeaters, and networking. These filters, which function between 1,000 and 1,600 MHz, are made to span a wide frequency range and are compatible with the telecommunications spectrum architecture.
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On account of the ongoing growth in the number of subscribers and novel uses for wireless technologies, the market for surface acoustic wave filters offers tremendous growth opportunities. Also, as a result of the increased need for durable and power-efficient semiconductor products over the past several years, the use of wireless systems has increased, creating new potential prospects for the SAW filter market.
The increasing deployment of 5G offers innovative growth opportunities for the SAW market. The expanding infrastructure improvements in the telecommunications sector in both emerging and developed nations have drawn the attention of several semiconductor manufacturers. The rollout of next-generation LTE networks is one of the most recent technological developments in the telecom industry. Manufacturers of semiconductors have started updating their product offerings to accommodate 5G infrastructure.
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Recent Key Development
- In October 2020, Tai-SAW Technology Co., Ltd. unveiled a line of IF SAW filters designed for 5G infrastructure applications such as base stations, repeaters, and networking. These filters, which function between 1,000 and 1,600 MHz, are made to span a wide frequency range and are compatible with the telecommunications spectrum architecture.
REGIONAL INSIGHTS
North America region is anticipated to dominate the global Surface Acoustic Wave market due to the use of these sensors across a wide range of applications as a result of safety-related regulation in the automotive sector. These sensors are expected to help many firms as technological advancements in the North American region quicken. The demand for these sensors has significantly expanded as a result of the increased use of these sensors in numerous applications, including automotive, aerospace, healthcare, consumer electronics, and the industrial sector.
Prominent companies in the global surface acoustic market are increasingly relying on the technological advancement to manufacture innovative products to attract customers.
Key Players
- TAIYO YUDEN CO., LTD.
- Abracon
- TAI-SAW TECHNOLOGY CO., LTD.
- Infineon Technologies AG
- TDK Corporation.
- Murata Manufacturing Co. Ltd.
- API Technologies
- Oscilent Corp.
- ITF Co. Ltd.
- Kyocera Corporation (AVX Corporation)
- Microchip Technology Inc.
- Qorvo, Inc.
- Qualcomm Technologies, Inc.
- Skyworks Solutions, Inc.
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