• Stacy Lawlor

Global Surface Acoustic Wave Market Size to grow USD 8.4 Bn in 2028

The Global Surface Acoustic Wave Market Size was valued at USD 4.9 Bn in 2021. The market is projected to grow USD 8.4 Bn in 2028, at a CAGR of 12.6%.

Global Surface Acoustic Wave Market Size to grow USD 8.4 Bn in 2028

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Surface acoustic waves are sound waves that can travel along the surface of any material with an exponentially declining displacement amplitude. Surface acoustic waves are sound waves that can travel along the surface of any material with an exponentially declining displacement amplitude. The process confirms that sound waves on the surface are limited to a single wavelength. These devices can be used in a variety of applications, such as microfluidics, geophysics, and flow measurement. The global market saw superior technological developments due to the surface acoustic wave devices early development stage. These advancements were mostly focused on defense and aeronautical applications. However, with the emergence of communications in recent years, the surface acoustic wave devices market has seen significant alteration, resulting in overall market growth.

Global Surface Acoustic Wave Market Size

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The industry is expected to rise because to factors such as the requirement for several bands in Long-Term Evolution (LTE) and the increased use of compact and low-cost filters in smartphones. Furthermore, the use of SAW filters in RADAR systems improves the overall market for surface acoustic wave (SAW) filters. The high power consumption of SAW filters, on the other hand, is a major limitation on global market expansion. On the other hand, the SAW filters market is predicted to benefit from the continuing increase in the number of subscribers and new application areas of wireless technologies. The demand for numerous bands in Long-Term Evolution (LTE) and the increased use of compact and low-cost filters in smartphones are expected to drive the global surface acoustic wave (SAW) filters market. Furthermore, the use of surface acoustic wave (SAW) filters in RADAR systems accelerates market expansion. The high power consumption of SAW filters, on the other hand, is a major limitation on global market expansion. On the other hand, the market for surface acoustic wave (SAW) filters is likely to benefit from a steady increase in the number of subscribers and new application areas for wireless technologies.


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.


The 101–1,000 MHz segment has dominated the market share of the global surface acoustic wave market in 2020 owing to the growing applications in different devices such as radars, sensors, satellites, radios, and wireless devices. Surface acoustic wave filters with a frequency range of 100–1,000 MHz are used as isolated parts or integrated with other components to provide superior filtering capabilities while also being compatible with non-cellular wireless technologies like Wi-Fi, Bluetooth, and GPS. The RF SAW filter held the largest market share in 2020 of the global surface acoustic wave market. RF SAW filters are used in conjunction with radio receivers to allow the proper kind of frequency to be received while filtering out undesired bands of frequencies. The RF filters are constructed in such a way that they can work at frequencies ranging from medium to higher frequencies, or megahertz and gigahertz, respectively. The consumer healthcare is dominated the market share in 2020 owing to the owing to the increasing innovation activity developed by government and research institutions.

Global Surface Acoustic Wave Market Size

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North America region is dominating the market share of global Surface Acoustic Wave market owing to the vehicle industry's safety-related regulation, there has been a growth in the use of these sensors in numerous applications. Many businesses are projected to benefit from these sensors as technical improvements in the North American region accelerate. The increased use of these sensors in many applications such as automotive, aerospace, healthcare, consumer electronics, and the industrial sector has resulted in a significant increase in demand for these sensors. However, Asia Pacific region is anticipated to grow over the forecasted years owing to the growing number of telecommunications and consumer electronics companies have manufacturing facilities in this region. The availability of low-cost labor and raw materials has prompted these manufacturers to establish manufacturing facilities in Asia Pacific, which has resulted in growing demand for surface acoustic wave market in the region, which is projected to continue in the coming years.


KEY INDUSTRY DEVELOPMENTS:


October 2020- Tai-SAW Technology Co., Ltd. released a series of IF SAW filters that are aimed at 5G infrastructure applications such as base stations, repeaters, and networking. These filters, which operate in the 1,000–1,600 MHz frequency range, are meant to cover a large frequency band and cater to telecommunication spectrum design.


November 2019- Tai-Saw Technology (TST) has made a strategic move by getting partnered with Murata Manufacturing to grant its rights in order for TST 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).


July 2019- Murata Manufacturing Co., Ltd has developed and started volume production of the world's smallest SAW duplexers to enhance smartphone functionality and denser circuit design.


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