BAW Filters Market REPORT OVERVIEW
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global baw filters market size was USD 4944 million in 2021 and market is projected to touch 8040.82 Million by 2031, exhibiting a CAGR of 17.6 % during the forecast period.
Bulk Acoustic Wave (BAW) filters are electronic components which are used for the purpose of filtering radio frequency (RF) signals. They have the ability to isolate desired signals from noise and interference. BAW filters mainly make use of piezoelectric materials that convert electrical energy into mechanical vibrations, which in turn propagate through the material as acoustic waves.
BAW filters are used in miniaturized devices, and healthcare sector. These components are also used in the aerospace industry and UAV systems. These factors are contributing in the development of the BAW filters market share.
COVID-19 impact: Increasing Demand for Wireless Communication During Pandemic Increased Market Growth
The pandemic of COVID-19 led to the downfall of various industries across the world. It impacted the global economy. The pandemic has disrupted the global supply chain, leading to a shortage of raw materials as well as components that are required for the production of various products. The closure of manufacturing facilities and the imposition of lockdowns, social distancing norms, and strict protocols have also significantly impacted all the market across the globe.
However, the increasing demand for wireless communication devices due to remote working and online education has helped in developing the market. These filters are being used for medical devices and equipment such as ventilators and oxygen concentrators, which are in high demand due to the pandemic. Increasing demand for 5G networks and the growth of the IoT industry has tremendously helped in the growth of the market even amidst the pandemic.
LATEST TRENDS
"Rising Demand for Higher Data Transfer Speeds to Increase Market Growth"
There are many developments happening in the technology sector. One of the latest developments is the introduction of BAW filters with improved performance and efficiency. The increasing demand for higher data transfer speeds and reliable connectivity has driven the development of these electronic components. These filters have many superior features such as operating at higher frequencies better linearity, selectivity, and insertion loss. These filters are also suitable to be used in compact and portable devices.
BAW filters for 5G networks offer higher frequency bands and also reject unwanted signals, enabling reliable and efficient communication. New materials such as aluminum nitride and diamond-like carbon are being used for the manufacturing of these filters. The reason for using these materials is because they provide, better performance and improved durability. This is considered as the latest trend in the market.
BAW Filters Market SEGMENTATION
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- By Type:
The market can be divided on the basis of type into the following segments:
FBAR BAW Filters, and, SMR BAW Filters. The FBAR BAW Filters segment is anticipated to dominate the market during the forecast period.
- By Application:
Classification based on application into the following segment:
Smartphones, Wi-Fi Hotspots, Tablets, and, Others. The smartphones segment is predicted to dominate the market during the research period.
DRIVING FACTORS
"Usage of BAW Filters in Miniaturized Devices to Accelerate Market Growth"
Wireless communication devices are in high demand in the market. During the pandemic, education and work became online. This led to the increasing adoption of smartphones, tablets, laptops, and other wireless devices which require efficient and reliable connectivity. These filters play a crucial role in ensuring high-speed data transfer and efficient communication between devices.
These filters offer faster data transfer speeds, low latency, and improved network coverage. BAW filters are increasingly being used in small electronic gadgets such as smartwatches, fitness trackers, and earbuds. All these miniaturized gadgets require high-performance components to ensure efficient communication. Rising popularity of miniaturized electronic gadgets is expected to drive the growth of the market in the coming years.
"Integration of BAW in Aerospace to Propel Market Growth "
Apart from being used in small gadgets BAW components are used in other sectors as well. Aerospace and defense applications incorporate BAW components. BAW filters are used in aerospace and defense applications to ensure reliable and efficient communication between various electronic systems and components. Unmanned Aerial Vehicles (UAVs) and satellites also make use of the filters.
UAVs and satellites require advanced filters to ensure proper operation of various electronic systems. The growing demand for smart agriculture and precision farming is also driving the demand for these filters. Smart agriculture and precision farming use various IoT devices and sensors to enable efficient communication and automation, requiring advanced BAW filters. All of these factors are propelling the BAW filters market growth.
RESTRAINING FACTOR
"Availability of Alternatives for This Product to Decrease Market Growth"
The production of BAW filters is highly complex. It involves complex manufacturing processes and they make use of expensive materials. As a result, it is associated with high costs. This completely reduces the adoption of these components in low-cost devices, which may hamper the market's growth. There are many alternative technologies present in the market such as surface acoustic wave (SAW) filters, which offer better performance at lower costs.
The BAW filters have limited frequency range so, they cannot be used in applications that require higher frequencies. The lack of standardization in BAW filter design and testing is leading to compatibility issues. All of these factors are restraining the market growth and development.
BAW Filters Market Regional Insights
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"North America to Dominate Market in Upcoming Years"
North America is one of the leading regions in the market. Many factors have contributed in the development of the market. This region has the presence of many well-established semiconductor and electronics industry. The increasing adoption of ADAS systems and electric vehicles is further fueling the demand for these filters in the automotive sector.
The region also has a well-developed healthcare industry. BAW components and filters are increasingly being used in medical devices such as ventilators and oxygen concentrators. Overall, the North American region is expected to maintain its dominance in the BAW filters market because of various factors such as well-established electronics industry, increasing demand for wireless communication devices, and the growing adoption of advanced technologies.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Broadcom (U.S.)
- Qorvo (U.S.)
- TDK (Japan)
- Akoustis Technologies (U.S.)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 4944 Million in 2021 |
Market Size Value By |
US$ 8040.82 Million by 2031 |
Growth Rate |
CAGR of 17.6% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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Which are the driving factors of the BAW Filters market?
LED lights are not only consumer friendly but they are also highly energy efficient. Smart lighting systems have a lot of advanced features and this is increasing the BAW Filters market growth.
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Which is the leading region in the BAW Filters market?
North America is the leading region in the BAW Filters market.
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Which are the top companies operating in the BAW Filters market?
Broadcom, Qorvo, TDK, and, Akoustis Technologies are the top companies operating in the BAW Filters market.