According to a Future Market Insights (FMI) report, the global acoustic wave filter market will generate US$ 8.9 billion in sales by 2021. By 2031, the market is anticipated to have grown at a 10.6% CAGR, surpassing US$ 24.5 billion in value.
The most used material will continue to be lithium tantalate. According to the analysis, there would be a 13.4% CAGR increase in demand for acoustic wave filters composed of lithium tantalate. In the upcoming years, the acoustic wave filters market is projected to be driven by rising smartphone adoption and developments in the automotive sector. In contrast to the 9.8% CAGR shown between 2016 and 2020, the demand will increase at a rate of 10.6% between 2021 and 2031.
Acoustic wave filters are electronic devices that use acoustic waves to filter and shape electrical signals. These devices are used in a variety of applications, including wireless communication systems, satellite communication systems, and automotive electronics. Acoustic wave filters are known for their high performance, reliability, and low cost compared to other types of electronic filters.
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The global acoustic wave filters market is expected to grow significantly in the coming years, driven by the increasing demand for high-performance electronic devices in various end-use industries.The increasing demand for wireless communication systems, the growing adoption of IoT devices, and the emergence of 5G technology are expected to drive the growth of the acoustic wave filters market in the coming years. Additionally, the use of acoustic wave filters in automotive electronics is expected to create significant growth opportunities for market players in the near future.
How is Increasing Demand for RF Acoustic Wave Filters Impacting Market Growth?
Adoption of wireless, optical, and other high-speed and high-frequency products has increased the demand for BAW filters that are optimized for performance, cost, and practical development complexity. The demand for RF acoustic wave filters is on the rise owing to easy integration of myriad applications such as broadcast receiver to select desired channel frequencies.
These filters are used with radio receivers to filter out unwanted bands. RF filters sort out the signal frequencies and also reduce the interference of the external signals that affect the quality or performance of communication systems.
A significant increase in the number of mobile devices in various countries around the world is expected to facilitate growth of the bulk acoustic wave filter market. As smartphone penetration is increasing day-by-day, the adoption of radio frequency (RF) filters such as bulk acoustic filter is increasing in smartphones.
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Acoustic Wave Filters Market by Category
By Type:
- SAW Filter
- RF SAW Filters
- IF SAW Filters
- BAW Filter
- Solidly Mounted Resonator BAW Filters
- Film Bulk Acoustic Resonators
By Material:
- Quartz
- Lithium Niobate
- Lithium Tantalate
- Langasite
- Others
By Application:
- Consumer Electronics
- Telecommunications
- Automotive
- Aerospace & Defense
- Healthcare
- Industrial
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Development Trends/ Manufacturing trends
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