The SAW filter market is poised for significant growth, with its size expected to increase from US$ 5.30 billion in 2024 to US$ 13.08 billion by 2034. During this period, a promising 9.4% CAGR in the demand for SAW filters is projected to drive this expansion.
The swift acquisition of Surface Acoustic Wave (SAW) filters for deploying 5G Long-term Evolution (LTE) cellular technology is one of the key factors driving the market’s revenue growth. By 2027, there are likely to be around three times as many 5G wireless connections as there were in 2023, when it was close to two billion.
Since these filters are essential to the improvement of 5G networks, there is a noticeable surge in the market as demand for smooth and fast communication increases. Industry 4.0 has expedited the adoption of 5G LTE in a range of applications for industrial use. In addition to improving methods of operation, profitability, quality enhancements, and durable yet efficient signal transmission modules, SAW filters guarantee continuous wireless connectivity.
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Significant demands from the aerospace industry provide a notable spark for revenue growth in the SAW filter market. Systems for satellite communication (SATCOM) automatically include these filters, guaranteeing flawless connectivity with little delay and distortion.
Leading aircraft OEMs are producing fresh, fuel-efficient aircraft at a rapid rate in the aerospace sector, which the de-carbonization movement has propelled. Since SAW filters are becoming essential parts of the next generation of aircraft’s aerospace communication systems, the demand for these components has been fueled by concentrated efforts to improve sustainability and aviation technology.
“There seems to be a positive surge in the SAW filter market growth. As a result of creative design and manufacturing innovations, increased productivity and adaptability with a wider range of applications are likely to take place. With the development of technology, SAW filters have become more effective and efficient. In the upcoming years, this transformation sets up the market for further success.” according to the principal analyst at FMI.
Key Takeaways from the SAW Filter Market
- Between 2019 and 2023, the SAW filter industry recorded a CAGR of 8.7%.
- The SAW filter industry in the United States is estimated to witness prominent growth with a projected 6.3% CAGR from 2024 to 2034, driven by the increasing demand for advanced wireless communication technologies.
- Germany’s SAW filter industry is projected to follow closely with an estimated 8.9% CAGR through 2034, attributed to the country’s strong emphasis on technological innovation and precision engineering.
- The SAW filter market in Japan is likely to show a significant 10.7% CAGR between 2024 and 2034, influenced by the country’s unwavering commitment to technological advancement.
- China’s SAW filter industry is likely to exhibit a 10.0% CAGR from 2024 to 2034, affected by the country’s strategic focus on 5G technology and the ongoing rollout of advanced telecommunications infrastructure.
- Australia’s SAW filter industry is projected to develop at 13.0% CAGR through 2034, propelled by the increasing demand for advanced communication technologies across various sectors.
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Key Players and Strategies for Success in the SAW Filter Market
Here are some key strategies that SAW filter industry players employ for victory:
- Explore opportunities to expand the range of SAW filter applications
- Invest profoundly in research and development to take the lead
- Form strategic partnerships with key players operating in end-use industries
- Enhance customization options for customers to address their specific requirements
- Strengthen after-sales services to enhance customer satisfaction
- Create a strong brand presence through effective marketing operations
Key Developments in the SAW Filter Market
- IQD introduced a new line of extremely small Surface Acoustic Wave (SAW) filters that are surface mountable. The compact SAW filters, which have dimensions of only 3.0 x 3.0 x 1.4 mm, are kept within a ceramic container that is hermetically sealed.
- NEC Corporation reported that it has introduced its innovative “Hollow Plastic packaging technology” to create an RF-band SAW filter for triple-band smartphones.
Key Segments in the Surface Acoustic Wave Filters Market Sales Analysis
By Type:
- RF SAW Filters
- IF SAW Filters
By Bandwidth:
- 2kHz to 50kHz
- 100kHz to 2MHz
- 5MHz to 100MHz
By Frequency Range:
- 10 MHz to 50 MHz
- 50 MHz to 1 GHz
- 1 GHz and above
By Industry Vertical:
- Consumer Electronics
- Automotive
- Aerospace & Defense
- Telecommunications
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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