The acoustic wave filter market income will add up to US$ 8.9 billion by 2021, according to a Future Market Bits of knowledge (FMI) examination. Enlisting development at 10.6% CAGR somewhere in the range of 2021 and 2031, the market’s valuation is supposed to outperform US$ 24.5 billion by 2031.
Among the materials used, lithium tantalate will continue to be intensely sought for. According to the review, there would be a 13.4% CAGR increase in demand for lithium tantalate-based acoustic wave filters.
Long-term demand is predicted to be stimulated by increasing the reception of acoustic wave filters in cell phones for receiving wire direction and tuning for 5G applications. According to a recent analysis by Future Market Bits of information, the demand for SAW filters is expected to propel the acoustic wave filters market to reach a CAGR of 10.6% from 2021 to 2031. By 2021, the market will reach US$ 4.5 billion.
The development of the acoustic wave filter market is anticipated to coincide with a significant increase in the number of cell phones in various countries around the world. It will look good for manufacturers if radio frequency (RF) filters are used to protect delicate collector paths from interference from other RF sources and communication signals.
Mobile devices use mass acoustic wave (BAW) filters to send, filter, and receive data for 3G, 4G, and 2G up to 15 groups while enabling Bluetooth, Wi-Fi, and other remote communications.
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Globally, the use of 5G is expanding, and it powers wireless technology in mobile devices. The adoption of new, higher frequency bands like E-UTRA and New Radio Dual Connectivity is expanding in order to enhance bandwidth.
In order to lessen the impact of modern RF filters, this band increases the likelihood of interference in mobile devices. To overcome these difficulties in handling higher frequencies, BAW filters with antenna tuning and routing techniques are used.
BAW filters also save board space by making filters smaller for easier integration to RFFE modules, which supports 5G requirements. The acoustic wave filters market is estimated to reach a valuation of US$ 24,510.6 Mn by 2031 owing to increase demand for telecommunications applications across the globe.
Key Takeaways: Acoustic Wave Filter Market
- Surface acoustic wave (SAW) filters are dominating the global acoustic wave filters market and are estimated to register a market share of 50.5% by the end of 2021.
- Lithium tantalate filters are estimated to grow at the fastest CAGR of 13.4% during the forecast period owing to a rise in adoption of BAW filters for wireless systems.
- China is the largest and fastest growing market, accounting for more than 54% of the East Asia value share, owing to high investments by governments in the expansion of various sectors.
- The U.S. will hold 86% of the North America market, driven by faster access to tech advancements in the country, and the presence of key players.
- Indonesia and India are emerging as lucrative markets owing to investments for the development of public transport infrastructure.
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COVID-19 Impact Analysis on Acoustic Wave Filter Market
The COVID-19 pandemic has had a significant impact on the market. Restricted connectivity during the lockdown, disruption in supply-chains, and limited exchange and transfer of essential goods and services have affected short term prospects.
The COVID-19 pandemic has impacted the sales of semiconductors. Companies have moved decisively to secure supply chains, and protect employees. According to estimates, in Q1-Q2 2020, a decline of approximately 80% in worldwide semiconductor revenues was witnessed.
Many companies are vulnerable to risk and revenues are likely to fall by approximately 10% with share prices falling by approximately 25% due to publicly disclosed supply chain disruption.
SAW/BAW filters production centers in developed Asian countries have been interrupted due to the impact of pandemic. Companies are looking for alternative logistical routes wherever possible. The estimated sales of acoustic wave filters dropped by 10% to 15% during the course of pandemic in Q1-Q2 2020.
More Valuable Insights on Acoustic Wave Filter Market
FMI’s report on the acoustic wave filter market is segmented into four major sections such as acoustic wave filter by type (SAW filter (RF SAW filters and IF SAW filters) and BAW filter (solidly mounted resonator BAW filters and film bulk acoustic resonators)), material (quartz, lithium niobate, lithium tantalate, langasite, and others), application (consumer electronics, telecommunications, automotive, aerospace & defense, healthcare, industrial and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the acoustic wave filters Market.
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Acoustic Wave Filters Market by Category
By Type:
- SAW Filter
- BAW Filter
By Material:
- Quartz
- Lithium Niobate
- Lithium Tantalate
- Langasite
- Others
By Application:
- Consumer Electronics
- Telecommunications
- Automotive
- Aerospace & Defense
- Healthcare
- Industrial
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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