Demand for SAW filters is estimated to reach US$ 6.42 billion by 2023, growing at a CAGR of 12%. SAW filters are ideal solutions in a wide range of applications thanks to their high reliability, low cost, and small size. Despite the growth of Internet of Things (IoT) devices and smartphones, SAW filters continue to play a crucial role in their communication modules.
According to a recent survey published by FMI, the global SAW Filters market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of SAW Filters over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the SAW Filters Market
The industrial sector is undergoing a change as manufacturers throughout the world place a strong emphasis on incorporating advanced automation. This is usually referred to as Industry 4.0.
With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to lead to profitable growth prospects in the SAW Filters market.
Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality using smart equipment to boost output are expected to drive market demand in the approaching years.
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Key SAW Filters Market Takeaways and Projections
· The U.S. is estimated dominate the SAW Filters market in North America, accounting for the largest share in the region through 2022.
· Germany is projected to account for a significant share in the Europe market over the assessment period.
· China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
· India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
· SAW Filters Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
· SAW Filters Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the SAW Filters market. As per the survey, SAW Filters sales will project steady growth over the forecast period.
· SAW Filters Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for SAW Filters.
· SAW Filters Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
SAW Filters Market: Key Participants
Some of the key players in SAW Filters Market across the value chain are as below:
- Qualcomm Technologies
- TAI-SAW Technology Co. Ltd
- Raltron Electronics Corporation
- Golledge Electronics Ltd
- Microsemi Corporation
- Vectron International
- Murata Manufacturing Co Ltd
- Qorvo Inc.
- Epson Europe Electronics
- Transko Electronics
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SAW Filters Market: Segmentation:
The global SAW filters market is segmented on the basis of bandwidth, frequency range and applications.
Bandwidth:
- 2kHz to 50kHz
- 100kHz to 2MHz
- 5MHz to 100MHz
Frequency Range:
- 10 MHz to 50 MHz
- 50 MHz to 1 GHz
- 1 GHz and above
Application Scope:
- Communications
- Industrial
- Military
- Medical
Regional Analysis Include
- North America (USA, Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, United Kingdom, Spain, Russia)
- South Asia and Pacific (India, ASEAN, Oceania)
- East Asia (China, South Korea, Japan)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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