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US$ 2,826.81 Million, Surface Acoustic Wave (SAW) Filter Market is Emerging with 8.3% of CAGR by 2028

07-01-2021 08:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Surface Acoustic Wave (SAW) Filter Market

Surface Acoustic Wave (SAW) Filter Market

The global SAW filter market was valued at US$ 1,717.68 million in 2020 and is projected to reach US$ 2,826.81 million by 2028; it is expected to grow at a CAGR of 8.3% from 2021 to 2028.

A surface acoustic wave is an acoustic wave which travels along the surface of a material that exhibits elasticity, having an amplitude which decays exponentially with the depth into the material. SAW filter is an electronic device which convers or transforms the electrical energy into mechanical or acoustic energy with the use of a piezoelectric material. The process of converting the energy requires two interdigital transducer which are input and output transducer. The input transducer generally creates or transforms the incoming electrical signal into acoustic waves whereas the output transducer receives the acoustic waves and converts them back to electrical energy.

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The SAW filter market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia-Pacific dominated the global SAW filter market in 2020, with a share of 46.0%. The manufacturing sector in developing countries such as China and India has begun adopting Industry 4.0 technologies, which aid in intelligent manufacturing, personalized customization, and network-based collaboration. 5G is the latest communication trend in Asia-Pacific. According to a report by Global Data, Asia-Pacific would lead the region in terms of 5G adoption with 1.14 billion subscribers, accounting for 65% of global subscriptions by 2024. Nine countries in the region, including China, South Korea, and Japan, have already launched commercial 5G mobile services. These technological advancements are supporting the growth of SAW filter market in the region.

List of Key Players Covered in this Market Report:
• Murata Manufacturing Co., Ltd.
• API Technologies (UK) Ltd.
• Abracon
• Qualcomm Technologies, Inc.
• Qorvo, Inc.
• Skywork Solutions, Inc.
• TAIYO YUDEN CO., LTD
• Microchip Technologies, Inc.
• Kyocera Corporation
• TAI-SAW TECHNOLOGY CO., LTD

The ongoing COVID-19 pandemic has impacted the SAW filter market growth. The outbreak has distorted operational efficiency and disrupted value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disruptions in the supply chain are limiting the SAW Filter market growth. However, as the economies are planning to revive their operations, the demand for SAW Filters is expected to rise globally in the coming months. The COVID-19 pandemic has triggered rapid digitization across various sectors where 5G can act as a catalyst. Including the disruptions caused by Huawei export restrictions and the decline in the 4G unit volume, semiconductor demand for cell phones will remain strong due to the higher semiconductor content in 5G phones, especially in RF communications. The 5G technology gained momentum in 2020 due to the launch of several 5G-enabled smartphones.

Market Insights
Applications of SAW Filters in Various Industries
SAW filters have applications in a wide range of industries. They are being used in the medical, radar, military, and aerospace industries. SAW filters are used as a sensor in the medical field. The SAW delay line is used as a sensor element for in situ detection of a wide array of stimuli. In the medical industry, SAW filters are also used as a bandpass filter to transmit and receive the section of wireless communication. In the radar industry, SAW filters having a linear delay change over a set pass bandwidth are mostly used. This is also known as time bandwidth (TB). The larger the time bandwidth, the system will be better and more efficient in tracking and locating targets. Active electronically scanned array (AESA) radar is the newest radar in the market and serves as a great application area for SAW filters

Type Insights
Based on type, the SAW filter market is segmented into IF SAW filters and RF SAW filters. In 2020, the RF SAW filter segment dominated the SAW filter market. Radio frequency (RF) refers to the utilization of electromagnetic radiation to transfer the information between two circuits that have no electrical connection. RF SAW filters are used along with the radio receivers to entertain the right kind of frequency along with filtering out the other unwanted bands of frequencies. The RF filters are designed in such a way so that it can operate on frequency that ranges from medium to higher frequencies which is basically megahertz and gigahertz. Due to the RF filter’s operating characteristic it is mostly used in equipment’s like wireless communications, television, and broadcast radio.

SAW Filter Market, by Type
• IF SAW Filter
• RF SAW Filters

SAW Filter Market, by Frequency
• Less than 100 MHz
• 101-1000 MHz
• 1001-2000 MHz
• More than 2000 MHz

SAW Filter Market, by Application
• Consumer Electronics
• Automotive
• Aerospace and Defense
• Telecommunications
• Others

Strategic Insights
A few of the key market players operating in the SAW filter market are Murata Manufacturing Co., Ltd.; API Technologies (UK) Ltd.; Abracon; Qualcomm Technologies, Inc.; Qorvo, Inc.; Skywork Solutions, Inc.; TAIYO YUDEN CO., LTD; Microchip Technologies, Inc.; Kyocera Corporation; and TAI-SAW TECHNOLOGY CO., LTD. Major players in the market are focusing on strategies such as mergers and acquisitions, and product launches to expand the geographic presence and consumer base.

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Report Spotlights
• Progressive trends in the SAW filter industry to help players develop effective long-term strategies
• Business growth strategies adopted by companies to secure growth in developed and developing markets
• Quantitative analysis of the global SAW filter market from 2020 to 2028
• Estimation of the demand for SAW filters across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the competitive market scenario and the demand for SAW filter
• Market trends and outlook coupled with factors driving and restraining the growth of the SAW filter market
• Understanding regarding the strategies that underpin commercial interest with regard to global SAW filter market growth, aiding in the decision-making process
• SAW filter market size at various nodes of market
• Detailed overview and segmentation of the global SAW filter market as well as its industry dynamics
• SAW filter market size in various regions with promising growth opportunities

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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