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Surface Acoustic Wave Sensors: Filters to Surface as Most Valued Product by 2024

01-25-2018 08:34 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Surface Acoustic Wave Sensors: Filters to Surface as Most Valued

Dominated by Murata Manufacturing Co. Ltd., TDK Corp., Taiyo Yuden, and Tai Saw Technology Co. Ltd., the global surface acoustic wave (SAW) devices market has been demonstrating a highly competitive landscape, states a report by Transparency Market Research (TMR). These players, collectively, accounted for a share of 58.2% in the overall market in 2015.

Hitherto, the leading players in this market have been concentrating on mergers, acquisitions, and partnerships with other companies, functioning in the same line of business in order to expand their business operations. However, over the forthcoming years, they are likely to shift their focus towards product innovation in a bid to gain competitive advantage over their competitors, reports the study.

According to the research report, the worldwide SAW devices market stood at US$1.9 bn in 2015. Progressing at a CAGR of 6.90% during the period from 2016 to 2024, the opportunity in this market is likely to reach a value of US$3.4 bn by the end of the forecast period.

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https://www.transparencymarketresearch.com/surface-acoustic-wave-sensors.html

The demand for filters is much higher than other products in this market and is expected to remain so over the forthcoming years, thanks to their increasing application in keyless entry systems, satellite broadcasting, wireless communication modules, and cellular phones.

Asia Pacific to Continue Witnessing High Demand for SAW Devices

A geographical analysis of the global SAW devices market has also been presented in this market report. Asia Pacific, North America, South America, Europe, and the Middle East and Africa have been considered as the prime regional market for SAW devices in this research study. Asia Pacific, among these, has acquired the dominant position in the worldwide market and is anticipated to remain in this position over the period of forecast.

Apart from this, the high concentration of the production facilities of telecommunication and consumer electronics enterprises in Asia Pacific, thanks to the availability of cheap labor and raw materials, has increased the demand for SAW devices in this region, which, analysts expect to remain so throughout the period of forecast.

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Extensive Application of SAW Devices in Various Industries to Drive Growth

“The application of surface acoustic wave devices in various industries is expected to drive the market over the forthcoming years,” states an analyst at TMR. The increasing usage of these devices in communication, safety monitoring, and defense application is likely to boost the sales of these devices across the world in the near future.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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