Press release
Surface Acoustic Wave Market on Track for Strong Growth, Estimated to Grow at 8.1% CAGR Through 2029
Surface Acoustic Wave
What Is the Expected CAGR for the Surface Acoustic Wave Market Through 2025?
In the past few years, the surface acoustic wave market has experienced substantial expansion. The market is set to increase from $5.4 billion in 2024 to $5.85 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. The surge in growth during the historical period was due to the significant advancement of mobile communication technology, broadening of wireless communication standards, heightened demand for superior surface acoustic wave filters, expansion in the wearable device sector, and the evolution of advanced driver-assistance systems.
What's the Projected Size of the Global Surface Acoustic Wave Market by 2029?
Strong expansion is anticipated in the surface acoustic wave market size over the coming years, with projections predicting a growth to $8 billion by 2029, and a compound annual growth rate (CAGR) of 8.1%. This growth during the forecast period is largely ascribed to the escalating demand for high-frequency filters within 5G infrastructure, ongoing enhancements in telecom infrastructure enabling quicker and more dependable communication, augmented usage of wearable health monitoring devices, the evolution of new materials boosting the performance and longevity of surface acoustic wave tools, and improvements in fabrication methodologies. Predominant trends for the forecast period encompass the advancement of progressive surface acoustic wave technologies, a concentration on energy effectiveness, standardization and compliance, a spotlight on frequency bands, and the evolution of multifunctional apparatus with superior capabilities.
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Top Growth Drivers in the Surface Acoustic Wave Industry: What's Accelerating the Market?
The expansion of the telecommunications field is anticipated to fuel the upward trajectory of the surface acoustic wave market. The term telecommunications pertains to the industry involved in conveying data across vast distances through various mediums, opting for wires, radio waves, optical fibers, or satellite systems. A surge in the telecommunications arena is attributed to several factors, including augmented data consumption, the roll-out of 5G, the proliferation of cloud services, internet connectivity, and the integration of digital solutions. Surface acoustic wave (SAW) technology bolsters the telecommunications industry by facilitating high-accuracy, miniature, and effective signal processing in gadgets such as filters and detectors. For instance, a study released by Deutsche Telekom, a German telecommunications firm, in February 2024, revealed that the global telecommunications service revenue experienced a 3.3% growth rate year-over-year in 2023. In Europe, the average monthly mobile data consumption per user accelerated to 16 GB, indicating a 23% annual expansion. Consequently, the evolving telecommunications field is instrumental in propelling the rise of the surface acoustic wave market.
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What Trends Will Shape the Surface Acoustic Wave Market Through 2029 and Beyond?
Key players in the surface acoustic wave market are concentrating their efforts on creating innovative, highly adaptable frequency control items to meet the wide-ranging requirements of different sectors. Such adaptable frequency control parts are integral to a number of industries, furnishing custom-fit solutions for precise synchronization and time-keeping needs. For instance, in February 2023, Rakon Ltd., a firm from New Zealand that manufactures timing solutions and frequency control products, introduced RakonXpress, a new line of ready-to-use filters, oscillators, and resonators, designed with short lead times in mind. This line provides a varied selection of products suitable for many uses, such as the Internet of Things (IoT), automation, and other fields necessitating fast access to high-frequency control parts. The key goal of this new brand is to offer customers quick availability of top-quality frequency control items, thus improving their product design and implementation timeframes.
What Are the Main Segments in the Surface Acoustic Wave Market?
The surface acoustic wave market covered in this report is segmented -
1) By Type: Filters, Oscillators, Resonators, Transducer, Other Types
2) By Application: Telecommunication, Automotive, Consumer Electronics
3) By Sales Channel: Direct, Indirect
Subsegments:
1) By Filters: Bandpass Filters, Low-Pass Filters, High-Pass Filters, Notch Filters
2) By Oscillators: Crystal Oscillators, Surface Acoustic Wave Oscillators (SAW Oscillators)
3) By Resonators: Quartz Resonators, SAW Resonators
4) By Transducers: Transmitting Transducers, Receiving Transducers
5) By Other Types: Delay Lines, Coupling Devices, SAW Sensors
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Which Top Companies are Driving Growth in the Surface Acoustic Wave Market?
Major companies operating in the surface acoustic wave market are Qualcomm Technologies Inc., Broadcom Inc., Murata Manufacturing Co. Ltd., TDK Corporation, Teledyne Technologies Incorporated, Skyworks Solutions Inc., Qorvo Inc., Vishay Intertechnology Inc., Taiyo Yuden Co. Ltd., Microsemi Corporation, Silicon Laboratories Inc., CTS Corporation, API Technologies Corp, Rakon Limited, Tai-Saw Technology Co. Ltd., Vectron International Inc., Crystek Corporation, KYOCERA AVX Components Corporation, Golledge Electronics Ltd., Toko Inc., Microsaw, TriQuint Semiconductor Inc.
Which Regions Will Dominate the Surface Acoustic Wave Market Through 2029?
Asia-Pacific was the largest region in the surface acoustic wave market in 2023. The regions covered in the surface acoustic wave market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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