Acoustic Wave Filters Market is supposed to rise at a CAGR of 10.6% by 2031
The acoustic wave filter market income will add up to US$ 8.9 billion by 2021, according to a Future Market Bits of knowledge (FMI) examination. Enlisting development at 10.6% CAGR somewhere in the range of 2021 and 2031, the market’s valuation is supposed to outperform US$ 24.5 billion by 2031.
Lithium tantalate will remain profoundly pursued among material utilized. The review estimates, the interest for acoustic wave filters produced using lithium tantalate to ascend at 13.4% CAGR
Expanding reception of acoustic wave filters in cell phones for recieving wire directing and tuning for 5G applications is supposed to impel request in the long haul. As per a new report by Future Market Bits of knowledge, the acoustic wave filters market is assessed to enroll a CAGR of 10.6% during the estimate time of 2021-2031, driven to a great extent by interest for SAW filters. The market will arrive at US$ 4.5 Bn by 2021.
A huge expansion in the quantity of cell phones in different nations all over the planet is supposed to work with development of the acoustic wave filter market. The reception of radio recurrence (RF) filters to shield delicate collector way from obstruction by communicating transmissions and commotion from different RF sources will look good for producers.
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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
- SAW Filter
- BAW Filter
- Lithium Niobate
- Lithium Tantalate
- Consumer Electronics
- Aerospace & Defense
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)