Global Surface Acoustic Wave Market Size, Share, and COVID-19 Impact Analysis, By Frequency Range (Less than 100 MHz, 101–1,000 MHz, 1,001–2,000 MHz, More Than 2,000 MHz), By Type (RF SAW Filters, IF SAW Filters), By Vertical (Consumer Electronics, Aerospace & Defense, Automotive, IT & Telecommunications & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast 2022-2028
KEY MARKET INSIGHTS
The Surface Acoustic Wave Market 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%. 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.
COVID-19 ANALYSIS
The global surface acoustic wave market is negatively impacted with the outbreak of COVID-19. The drop in commercial and other industrial operations as a result of the pandemic is expected to stymie the expansion of the surface acoustic wave industry. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the rate of surface acoustic wave, influencing the management of the surface acoustic wave supply chain. Many industries in the market have been compelled to halt operations because to the epidemic, in order to comply with government laws such as social distancing. As a result, global surface acoustic wave business conditions have become insecure. This trend is likely to end in the second half of the year, as demand is expected to rise as people become more concerned about smart automation, energy efficiency, and resource efficiency.
LATEST TREND
Rising Adoption of SAW Filters in Aerospace & Defense
The rising adoption of RF filter technology in aerospace industry for Airbus and Boeing is projected to boost the surface acoustic wave market forward. In addition, the US Department of Defense has increased its use of RF filters to improve RADAR systems, electronic surveillance, GPS, navigation, ATC (air traffic control), data exchange, and improved conversations between pilots and ground crews, which is expected to provide significant growth opportunities for the global surface acoustic wave market. The United States is expected to lead the world in electronic warfare spending, as well as military spending, making it a lucrative end-user industry for surface acoustic wave market.
DRIVING FACTORS
Growing Adoption of Wireless Systems to Propel Demand for SAW Filters
The wireless market has witnessed tremendous growth and development in recent years due to the introduction of wireless mobile phone systems. The surface acoustic wave filters market has potential growth prospects due to the continuous expansion in the number of subscribers and new application areas of wireless technologies. Furthermore, the adoption of wireless systems has accelerated in recent years as a result of rising demand for power-efficient and dependable semiconductor goods, opening up new growth opportunities for the SAW filter market.
Deployment of 5G to Open Innovative Opportunities Avenues for SAW Market
Several semiconductor manufacturers are attracted to the growing infrastructure development in the telecommunications industry in both emerging and developed economies. One of the current technological advancements in the telecom business is the deployment of next-generation LTE networks. Semiconductor manufacturers have begun to upgrade their product lines to support 5G infrastructure.
RESTRAINTS
Concerns Pertaining Power Consumption and Technical Issues May Hinder the Market Growth
High cost of surface acoustic wave filters and sensors is hindering the growth of the global surface acoustic wave market. The high power consumption and vulnerable to surface contaminants is limiting the growth of the global surface acoustic wave market.
SEGMENTATION
The global surface acoustic wave market is segmented by Frequency Range (Less than 100 MHz, 101–1,000 MHz, 1,001–2,000 MHz, More Than 2,000 MHz), By Type (RF SAW Filters, IF SAW Filters), by Vertical (Consumer Electronics, Aerospace & Defense, Automotive, IT & Telecommunications & Others) and region. Based on the frequency range, the market is categorized into Less than 100 MHz, 101–1,000 MHz, polyamide, More Than 2,000 MHz. Based on Type, the market is categorized into RF SAW Filters, IF SAW Filters. Based on vertical, the market is categorized into consumer electronics, aerospace & defense, automotive, IT & telecommunications & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Frequency Range Insights
Based on the type segment, the global surface acoustic wave market is categorized into Less than 100 MHz, 101–1,000 MHz, 1,001–2,000 MHz, and More than 2,000 MHz. 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. In high-speed data transmission applications, these filters provide excellent filtering as well as effective frequency usage. Also, provide strong insolation for good sensitivity, and reduce consumption through low insertion loss to ensure optimal performance, making them cost-effective alternatives for the latest designs. Smartphones, base stations, digital television, and telecoms all use SAW filters with a frequency range of 100–1,000 MHz. For instance, 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.
Type Insights
Based on the form segment, the global Surface Acoustic Wave market is categorized into RF SAW filter, IF SAW filter. 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 RF filter is commonly used in equipment such as wireless communications, television, and broadcast radio due to its working characteristics. The majority of RF filters are built of linked resonators, and the level of filtering provided by these filters is determined by their quality.
Vertical Insights
Based on the vertical segment, the global surface acoustic wave market is categorized into consumer electronics, aerospace & defense, automotive, IT & Telecommunications & others. 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. For instance, in September 2020, Sandia National Laboratories in the United States announced that it has achieved substantial progress toward developing an integrated nucleic acid amplification system for AMDI's Optikus mobile diagnostic devices. They created a set of loop-mediated isothermal amplification (LAMP) primers for SARS-CoV-2 and demonstrated direct amplification on the SAW sensor as part of this endeavour.
REGIONAL INSIGHTS
The global surface acoustic wave market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. 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. Until now, the Asia Pacific market for surface acoustic wave was dominated by China, Taiwan, and Japan. However, due to the increased usage of technology, India is anticipated to grow at a higher rate during the forecast period.
KEY INDUSTRY
- Abracon
- Infineon Technologies AG
- TDK Corporation.
- Murata Manufacturing Co. Ltd.
- API Technologies
- Oscilent Corp.
- Kyocera Corporation (AVX Corporation)
- Microchip Technology Inc.
- Qorvo, Inc.
- Qualcomm Technologies, Inc.
- Skyworks Solutions, Inc.
- ITF Co. Ltd.
- TAI-SAW TECHNOLOGY CO., LTD.
- TAIYO YUDEN CO., LTD.
- Others
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.
SEGMENTATION
By Frequency Range
- Less than 100 MHz
- 101–1,000 MHz
- 1,001–2,000 MHz
- More Than 2,000 MHz
By Type
- RF SAW Filters
- IF SAW Filters
By Vertical
- Consumer Electronics
- Aerospace & Defense
- Automotive
- IT & Telecommunications
- Others
By Region
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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Global Surface Acoustic Wave Market Size
- May-2022
- 140
- Global
- semiconductor-electronics
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