Acoustic Wave Filters Market is expected to rise at a Strong 10.6% CAGR by the end of 2031

According to a Future Market Bits of knowledge (FMI) analysis, the acoustic wave filter market will be worth US$ 8.9 billion by 2021. The market's valuation is expected to exceed US$ 24.5 billion by 2031, with development at a 10.6% CAGR between 2021 and 2031.

Lithium tantalate will continue to be a highly sought-after material. According to the review, the demand for acoustic wave filters made from lithium tantalate will rise at a 13.4% CAGR.

Expansion of acoustic wave filters in cell phones for wire directing and tuning for 5G applications is expected to drive demand in the long haul. According to a new report by Future Market Bits of knowledge, the acoustic wave filters market is expected to grow at a CAGR of 10.6% between 2021 and 2031, driven primarily by demand for SAW filters. By 2021, the market will be worth $4.5 billion.

A significant increase in the number of cell phones in various countries around the world is expected to contribute to the growth of the acoustic wave filter market. Receiving radio frequency (RF) filters to protect delicate collector paths from interference caused by communicating transmissions and commotion from various RF sources will look good for manufacturers.

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Mass acoustic wave (BAW) filters are utilized in cell phones to send, filter, and get ways for 3G, 4G, and 2G up to 15 groups, while supporting Bluetooth, Wi-Fi, and other remote correspondences.

The implementation of 5G is increasing globally and it drives wireless technology in mobile devices. To increase bandwidth, the use of new higher frequency bands such as E-UTRA and New Radio Dual Connectivity is on the rise.

This band increases the probability of interference in mobile devices, to mitigate the role of advanced RF filters. BAW filters with antenna tuning and routing approaches are used for addressing these challenges associated with handling higher frequencies.

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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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.

This release was published on openPR.