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Bulk Acoustic Wave Sensors Market 2019 Growth Rate Worldwide Analysis By Api Technologies Corp, Microsemi Corporation, Avx Corporation, Boston Piezo-Optics, Ceramtec, Cts Corporation, Epcos Ag, Honeywell International

03-18-2019 01:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

The bulk acoustic wave sensors market was valued at USD 407.9 million in 2017 and is expected to reach a value of USD 811.4 million by 2023 at a CAGR of 12.07%, over the forecast period (2018 - 2023). The bulk acoustic wave (BAW) sensors market report has been segmented based on end-user industry and region. The end-user industry considered are automotive, aerospace & defense, consumer electronics, healthcare, industrial, and telecommunications. The regional landscape of the report includes North America, Europe, Asia-Pacific, and the rest of the world.

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Wide Adoption of BAW Sensors Driving the Market
The increasing market activities in the BAW devices, the applications of BAW sensors are growing in the defense, industrial, and commercial wireless application. Different types of substrates have been used for BAW sensors with the demand more driven by economics and fabrication constraints. The increasing demand for advanced wireless technology, like LTE, has made the application of new RF features mandatory in tablets and smartphones. Therefore, the growing shipments of the smart gadgets, such as smartphones and tablets, over the forecast period is expected to create a significant demand for BAW filters owing to the increasing proliferation of LTE networks. Furthermore, BAW sensors have a small form factor and deliver improved performances, which are expected to be the major cause for their adoption in the coming years.

Key Developments in the Market
October 2017 - Microsemi Corporation, a provider of semiconductor solutions differentiated by power, security, reliability, and performance, and Knowles Corporation jointly announced that Microsemi has entered into a definitive agreement to acquire the high performance timing business of Vectron International, a Knowles company, for USD 130 million. The reason behind the acquisition is Vectron’s highly complementary technology suite expands Microsemi’s product offering with differentiated technology and allows Microsemi to sell more to its tier one customers in the aerospace & defense, communications, and industrial markets while improving upon the operating performance of the combined model as they execute on significant synergy opportunities.

The major players include –
API TECHNOLOGIES CORP., MICROSEMI CORPORATION, AVX CORPORATION, BOSTON PIEZO-OPTICS INC., CERAMTEC, CTS CORPORATION, EPCOS AG, HONEYWELL INTERNATIONAL INC., TELEDYNE MICROWAVE SOLUTIONS, MURATA MANUFACTURING CO. LTD, PANASONIC CORP., RALTRON ELECTRONICS CORPORATION, and WIKA SYSTEMS SCHWEIZ AG, amongst others.

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Telecommunications Industry has the Fastest Growth Rate
BAW sensors are now snowballing in the market, migrating from defense and industrial markets to consumer wireless applications. BAW sensors are fabricated for use below 500 MHz, the economic range or the sensors is above 1.5 GHz. Above 1.9 GHz, BAW sensors become competitive against surface acoustic wave sensors. The highest penetration of BAW sensors has been witnessed in the telecommunication sector. The cost has been reduced to be competitive with existing technologies, which is expected to the drive the market during the forecast period.

Asia-Pacific Dominant in the Market
The increasing usage of smartphones, tablets, and other electronic devices is growing the integration of BAW sensors in automobile applications in the developed and developing economies, such as US, China, South Korea, Japan, and India, which are expected to witness substantial growth during the forecast period. North America followed the Asiau2013Pacific region due to the presence of various key players in this region.
Europe and Latin America offer potential growth opportunities in BAW sensors market due to the increasing demand for advanced technologies from various verticals, thereby, will drive the market in the regions.

For More Information Visit @ https://marketprognosis.com/report/global-bulk-acoustic-wave-sensors-market---segmented-by-end-user-industry-%28automotive,-aerospace-and-defense,-consumer-electronics,-healthcare,-industrial,-telecommunications%29-and-region---gr/pr-17362
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We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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