Aerospace & Defense Application of Global Surface-Acoustic Wave Devices Market Held The Largest Market Share In 2016

Global Surface-Acoustic Wave Devices Market Report, published by Variant Market Research, forecast that the global market is expected to reach $3.5 Billion by 2024 from $2 Billion in 2016, growing at a CAGR of 7.2% from 2016 to 2024. Some of the major driving factors of the global surface-acoustic wave devices market are expanding usage of SAWs devices in numerous applications such as defense, and communication, among others and high demand for smart sensors. Additionally, increasing demand for electronics such as smartphone and television in emerging economies also uplift the market.

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The global surface-acoustic wave devices market is bifurcated into devices analysis, end-use industry and geography. Devices analysis segment includes filters, oscillators, transducers resonators, and others. Filters sub-segment held the largest market share in 2016. Moreover, end-use industry segment is further categorized into aerospace & defense, environmental & industry, telecommunication, automotive, healthcare & medical, consumer electronics, and other applications. Aerospace & defense held the largest market share in 2016 and expected to continue its dominance in application segment throughout the forecast period, 2016 -2024.

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Geographical sub segment of the surface-acoustic wave devices market are North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia Pacific is anticipated to grow at a fastest CAGR from 2016 to 2024, driven by availability of raw materials, low labour cost coupled with rising use of these devices in a number of industries in the region. Asia Pacific also held the highest market share in 2016.

The key players of the global surface-acoustic wave devices market are Hitachi High-Technologies Corp., Carl Zeiss AG, FEI Company, JEOL Ltd, TDK Corp., API Technologies, NEC Corporation, Raytheon Company, Kyocera Corp., Infineon Technologies AG, Panasonic Industrial Solutions, AVX Corp., Boston Piezo-Optics Inc., and Murata Manufacturing Co. Ltd. Among others

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