What Has Been the Growth of the Surface Acoustic Wave Market So Far?
The surface acoustic wave market has seen considerable growth due to a variety of factors.
• The surface acoustic wave market has grown strongly in recent years. It will grow from $5.4 billion in 2024 to $5.85 billion in 2025, reflecting a CAGR of 8.3%.
This growth is driven by the rapid expansion of mobile communication technologies, the rise in wireless communication standards, the increasing demand for high-performance filters, and the growth of wearable devices and advanced driver-assistance systems.
What Are the Future Growth Projections for the Surface Acoustic Wave Market?
The surface acoustic wave market is expected to maintain its strong growth trajectory in upcoming years.
• The surface acoustic wave market is projected to grow significantly, reaching $8 billion by 2029 at a CAGR of 8.1%.
This growth is driven by the rising need for high-frequency filters in 5G infrastructure, continual telecom upgrades for faster communication, the growing use of health monitoring wearables, advancements in materials that enhance surface acoustic wave device performance, and improvements in manufacturing processes. Trends include the development of advanced technologies, focus on energy efficiency, compliance with standards, frequency band advancements, and the creation of multifunctional devices.
What Are The Core Factors Supporting Growth In The Surface Acoustic Wave Market?
The expansion of the telecommunications industry is anticipated to boost the growth of the surface acoustic wave market in the future. The telecommunications industry involves conveying information over far-reaching distances using various avenues like wires, radio waves, optical fibers, or satellites. The escalating growth of the telecommunications sector is due to certain factors such as increased usage of data, the advent of 5G, advancement in cloud services, enhanced internet connectivity, and digital evolution. The efficacy of the telecommunications segment is increased by Surface Acoustic Wave (SAW) technology, enabling accurate, small-scale, and effective signal processing in devices such as filters and detectors. As an exemplar, Deutsche Telekom, a German telecommunications company, published a report in February 2024 revealing a yearly increase of 3.3% in global telecommunications service revenue for 2023. Across Europe, the average monthly mobile data consumption per user surged to 16 GB, indicating a yearly growth of 23%. Consequently, the expanding telecommunications industry is a substantial factor for the growth in the surface acoustic wave market.
What Are The Major Segments Within The Global Surface Acoustic Wave Market?
The surface acoustic wave market covered in this report is segmented –
1) By Type: Filters, Oscillators, Resonators, Transducer, Other Types
2) By Application: Telecommunication, Automotive, Consumer Electronics
3) By Sales Channel: Direct, Indirect
Subsegments:
1) By Filters: Bandpass Filters, Low-Pass Filters, High-Pass Filters, Notch Filters
2) By Oscillators: Crystal Oscillators, Surface Acoustic Wave Oscillators (SAW Oscillators)
3) By Resonators: Quartz Resonators, SAW Resonators
4) By Transducers: Transmitting Transducers, Receiving Transducers
5) By Other Types: Delay Lines, Coupling Devices, SAW Sensors
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What Trends Are Shaping The Surface Acoustic Wave Market?
Leading businesses in the surface acoustic wave market are prioritizing the creation of innovative, highly adaptable frequency control products to cater to a wide range of industry requirements. These adaptable frequency control items are pivotal elements in multiple sectors, providing custom-made solutions for accurate timing and synchronization demands. For example, Rakon Ltd., an organization based in New Zealand that specializes in the production of frequency control items and timing solutions, introduced RakonXpress, its freshly minted brand of readily available resonators, oscillators, and filters intended for short lead time in February 2023. These items cater to various applications, including Internet of Things (IoT), automation, as well as other sectors in need of prompt high-frequency control components. This new brand is intended to offer customers swift access to premium quality frequency control products, improving the speed of their product development and deployment process.
Who Are the Key Players In The Surface Acoustic Wave Market?
Major companies operating in the surface acoustic wave market are:
• Qualcomm Technologies Inc.
• Broadcom Inc.
• Murata Manufacturing Co. Ltd.
• TDK Corporation
• Teledyne Technologies Incorporated
• Skyworks Solutions Inc.
• Qorvo Inc.
• Vishay Intertechnology Inc.
• Taiyo Yuden Co. Ltd.
• Microsemi Corporation
• Silicon Laboratories Inc.
• CTS Corporation
• API Technologies Corp
• Rakon Limited
• Tai-Saw Technology Co. Ltd.
• Vectron International Inc.
• Crystek Corporation
• KYOCERA AVX Components Corporation
• Golledge Electronics Ltd.
• Toko Inc.
• Microsaw
• TriQuint Semiconductor Inc.
What Is The Most Dominant Region In The Surface Acoustic Wave Market?
Asia-Pacific was the largest region in the surface acoustic wave market in 2023. The regions covered in the surface acoustic wave market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
