• Stacy Lawlor

Global Bulk Acoustic Wave Resonators Market Size to reach US$ 2.8 Bn by 2028

The Global Bulk Acoustic Wave Resonators Market Size was valued at US$ 2.3 Bn in 2021 and is projected to reach US$ 2.8 Bn by 2028, at a CAGR of 4.1%.

Global Bulk Acoustic Wave Resonators Market Size to reach US$ 2.8 Bn by 2028

Bulk-Acoustic-Wave (BAW) resonators use the vibration of the bulk of the piezoelectric substrate to pick out electric signals in a certain frequency band. Bulk acoustic wave resonators are electromechanical devices that provide frequency control, selection, and signal processing capabilities in a wide range of radio frequency applications.

Global Bulk Acoustic Wave Resonators Market Size

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High portability is becoming increasingly important in the defense and military industries. Connectivity is required for autonomous robotics, as well as dismounted soldiers, rescue, and recreation equipment. There is a demand for small electronic sensors, detectors, transmitters, and tough wiring that are specifically built to perform on the active battlefield with severe shock, vibration, and extreme environmental exposure to accomplish successful mobile troop technology. On the other hand, the rapid surge in the medical device industry is fueling the usage of bulk acoustic wave resonators around the world. The rising demand for bulk acoustic wave resonators is also one of the major factors driving the bulk acoustic wave resonators market worldwide. Hospitals, diagnostic laboratories & imaging centers, ambulatory surgery centers & clinics are major verticals in the medical device sector. Diagnostic imaging, patient monitoring, cardiology, electrosurgery, dental equipment, and other medical bulk acoustic wave resonators are few applications of the bulk acoustic wave resonators. Every year, the global prevalence of chronic diseases like cancer, arthritis, kidney disease, and cardiovascular disease rises, pushing demand for circular bulk acoustic wave resonators.


The COVID-19 outbreak has had a significant impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, business and manufacturing units in various countries have been closed, and they are expected to remain closed in 2021. Furthermore, the worldwide supply chain has been affected by partial or complete lockdown, making it difficult for manufacturers to contact customers. The COVID-19 pandemic is wreaking havoc on society and the global economy. The impact of this pandemic is expanding by the day, and it is harming worldwide business. The crisis is causing stock market uncertainty, which is leading to a drop in corporate confidence, a major slowdown in supply chains, and an increase in panic among customer segments.

Global Bulk Acoustic Wave Resonators Market Size

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The Aluminum Nitride (AlN) segment accounted largest market share in 2020 due to the growing demand for commercial applications and rugged military across the world. The Aluminum Nitride (AlN) has multiple benefits coupled with robustness, lightweight, high density, and shock resistance. The consumer electronics segment accounted largest market share in 2020 due to the growing demand for household and commercial applications among the population. Increasing smart devices and smart home is propelling the growth of the global bulk acoustic wave resonators market. Asia Pacific is expected to dominate the market share of global bulk acoustic wave resonators market owing to the increasing demand for the resonators from computers, communications, and consumer electronics applications, as well as for enhanced features and connectivity products. Furthermore, due to increased air passenger traffic, concerns about flight safety, and lower maintenance costs, the region is witnessing enormous expansion in the aviation sector, which has resulted in a demand for bulk acoustic wave resonators. Increasing digitalization and huge population is creating the demand of bulk acoustic wave resonators in the region.


LIST OF KEY COMPANIES PROFILED:

· Teledyne Defense Electronics

· Infineon Technologies AG

· Broadcom

· Qorvo, Inc

· API Technologies (UK) Limited

· Skyworks Solutions, Inc.

· AKOUSTIS

· Texas Instruments Incorporated

· Murata Manufacturing Co., Ltd

· Ecos Solution Co.,Ltd.


KEY INDUSTRY DEVELOPMENTS:


March 2022- Infineon Technologies AG has introduced an innovative new hybrid inline connector solution that makes production easier, reduces the number of connections needed, simplifies supply chain complexity, and saves money.


Read More Details On This Report:

https://extrapolate.com/Semiconductor-Electronics/surface-acoustic-wave/25654


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