The surface acoustic wave global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Surface Acoustic Wave Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
surface acoustic wave market size has grown strongly in recent years. It
will grow from $5.00 billion in 2023 to $5.40 billion in 2024 at a
compound annual growth rate (CAGR) of 8.0%. The growth in the historic
period can be attributed to the rapid growth of mobile communication
technology, expansion of wireless communication standards, there was an
increased need for high-performance surface acoustic wave filters,
growth in the wearable device market, and development of advanced
driver-assistance systems.
The surface acoustic wave market size is expected to see strong growth in the next few years. It will grow to $7.40 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increased demand for high-frequency filters in 5g infrastructure, continuous upgrades in telecom infrastructure to support faster and more reliable communication, increased use of health monitoring wearables, development of new materials enhancing the performance and durability of surface acoustic wave devices, advances in manufacturing processes. Major trends in the forecast period include the development of advanced surface acoustic wave technologies, a focus on energy efficiency, standardization and compliance, a focus on frequency bands, development of multifunctional devices with enhanced capabilities.
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Scope Of Surface Acoustic Wave Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Surface Acoustic Wave Market Overview
Market Drivers -
The
growing telecommunications sector is expected to propel the growth of
the surface acoustic wave market going forward. The telecommunications
sector refers to the industry involved in transmitting information over
long distances through various means such as wires, radio waves, optical
fibers, or satellite systems. The telecommunications sector is rising
due to several reasons, including increased data consumption, 5G
expansion, cloud services, internet connectivity, and digital
transformation. Surface acoustic wave (SAW) technology enhances the
telecommunications sector by enabling high-precision, compact, and
efficient signal processing in devices such as filters and sensors. For
instance, in February 2024, according to a report published by Deutsche
Telekom, a Germany-based telecommunications company, global
telecommunications service revenue increased by 3.3% year-on-year in
2023. In Europe, the average monthly mobile data consumption per user
climbed to 16 GB, reflecting 23% annual growth. Therefore, the growing
telecommunications sector is driving the growth of the surface acoustic
wave market.
Market Trends -
Major companies operating in the
surface acoustic wave market are focusing on developing innovative,
highly customizable frequency control products to meet diverse industry
needs. Highly customizable frequency control products are essential
components in various industries, offering tailored solutions for
precise timing and synchronization needs. For instance, in February
2023, Rakon Ltd., a New Zealand-based manufacturer of frequency control
products and timing solutions, launched RakonXpress, its new brand of
off-the-shelf resonators, oscillators, and filters designed for short
lead times. It offers a diverse range of products suitable for various
applications, including the Internet of Things (IoT), automation, and
other industries that require high-frequency control components quickly.
This new brand aims to provide customers with rapid access to
high-quality frequency control products, enhancing their product
development and deployment timelines.
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
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Regional Insights -
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.
Key Companies -
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.
Table of Contents
1. Executive Summary
2. Surface Acoustic Wave Market Report Structure
3. Surface Acoustic Wave Market Trends And Strategies
4. Surface Acoustic Wave Market – Macro Economic Scenario
5. Surface Acoustic Wave Market Size And Growth
…..
27. Surface Acoustic Wave Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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