Surface Acoustic Wave (SAW) Devices Market Size, Share, Growth, and Industry Analysis, By Type(Filters, Oscillators, Resonators, Transducers, and Others), By Application (Telecommunication, Automotive, Consumer Electronics, and Others), and Regional Insights and Forecast to 2032

Updated On: 22 April 2024

Surface Acoustic Wave (SAW) Devices Market REPORT OVERVIEW

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The global surface acoustic wave (SAW) devices market size was 2310.4 million in 2022 and is expected to reach USD 3387.25 million by 2032, at a CAGR of 3.9% during the forecast year. In the market study, our analysts have considered Surface Acoustic Wave (SAW) Devices players such as Taiyo Yuden, Tai Saw Technology Co. Ltd, Skyworks Solutions, Infineon Technologies, TDK, Murata Manufacturing, API Technologies, Oscilent, Kyocera and ITF Co.Ltd.

The COVID-19 pandemic has been unprecedented and staggering, with surface acoustic wave (SAW) devices experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s demand returning to pre-pandemic levels.

Surface Acoustic Wave (SAW) devices are microelectromechanical systems that utilize piezoelectric substrates to generate and manipulate high-frequency acoustic waves on their surfaces. These devices find widespread use in filtering, sensing, and signal processing applications. SAW filters are integral in wireless communication, while SAW sensors are highly sensitive for pressure, temperature, and chemical detection.

Despite their limited bandwidth and sensitivity to environmental factors, SAW devices are known for their compact size, rapid response, reliability, and cost-effectiveness. Ongoing research aims to expand their capabilities and explore new materials for substrate development. SAW devices are crucial components in modern electronics, employed for a range of functions in various industries, including telecommunications, sensors, and radar systems, thanks to their ability to efficiently harness and manipulate surface acoustic waves.

COVID-19 IMPACT : Increased Demand for Telecommunications to Boost Demand Significantly

COVID-19 had a life changing impact globally. The surface acoustic wave (SAW) devices market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for surface acoustic wave (SAW) devices experienced an increased demand.

The economic uncertainty caused by the pandemic resulted in reduced spending on non-essential items and slowed down investment in some technology sectors. This affected the demand for SAW devices in non-essential applications. Research and development activities in the SAW field were affected, as laboratories were shut down or operated with limited capacity during the pandemic. This could potentially slow down innovation and the introduction of new SAW-based technologies.

The pandemic led to an increased reliance on telecommunications and data communication services as more people worked, learned, and socialized from home. This surge in demand for wireless devices and networks, including 5G technology, benefited the SAW device industry, as SAW filters are essential for filtering and processing signals in these systems. SAW sensors have found new applications in the healthcare sector during the pandemic. They are used for monitoring vital signs, detecting pathogens, and conducting rapid diagnostic tests. SAW-based biosensors have played a role in the development of diagnostic tools for COVID-19 and other infectious diseases. The market is anticipated to boost the surface acoustic wave (SAW) devices market growth following the pandemic.

LATEST TRENDS

"Patent Databases to Broaden Market Prospects"

Patents can offer insights into the latest innovations in SAW devices. You can search patent databases such as the United States Patent and Trademark Office (USPTO) or the European Patent Office (EPO). Explore the official websites of universities, research institutions, and SAW device manufacturers for research papers, whitepapers, and technical documentation. Attending or monitoring proceedings from conferences and symposia focused on MEMS technology, acoustics, and sensors is an excellent way to stay updated on the latest research and commercial developments in SAW devices.

Leading SAW device manufacturers and research institutions often post news and updates on their websites. Examples of organizations that specialize in SAW technology include API Technologies, Vectron International, and the National Institute for Nanotechnology (NINT). Research articles in journals related to materials science, electronics, and MEMS technology often feature the latest advancements in SAW devices.

Surface Acoustic Wave (SAW) Devices Market SEGMENTATION

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• By Type

Based on type, the market is divided into filters, oscillators, resonators, transducers, and others.

Filters holds a major segment by type of the global market.

• By Application

Based on application, the market is bifurcated into telecommunication, automotive, consumer electronics, and others.

Telecommunication as application holds a major segment by application of the global market.

DRIVING FACTORS

"Wireless Communication Technologies to Boost Market Demand"

The increasing demand for wireless communication technologies, such as 5G, IoT, and Wi-Fi, relies on SAW devices for RF filtering, which is essential for signal processing and interference reduction. As these wireless technologies continue to expand, so does the need for SAW devices. The proliferation of consumer electronics, including smartphones, tablets, and wearables, relies on SAW filters to enable multi-band and multi-mode wireless communications. The constant evolution of consumer technology drives the development and adoption of SAW devices.

"Automotive Industry to Boost Market Flux"

The automotive industry incorporates SAW devices for various applications, including tire pressure monitoring systems (TPMS), remote keyless entry, and vehicle-to-vehicle (V2V) communication. As the automotive sector advances with autonomous and connected vehicles, the use of SAW technology is expected to increase. SAW devices are essential for radar and communication systems in defense and aerospace applications. The ongoing development of military technology and satellite communication drives the demand for advanced SAW solutions. These factors are anticipated to drive the surface acoustic wave (SAW) devices market share.

RESTRAINING FACTORS

"Limited Bandwidth to Hamper Market Necessity"

SAW devices have inherent limitations in terms of bandwidth compared to some other technologies. In applications that require high-frequency operation or wide bandwidths, SAW devices may not be the best choice. SAW devices rely on specific piezoelectric materials like quartz or lithium niobate, which have limitations in terms of the available frequencies and performance characteristics. Expanding the range of suitable materials and frequencies is an ongoing challenge. SAW devices face competition from alternative technologies, such as bulk acoustic wave (BAW) devices and micro-electromechanical systems (MEMS), which offer different performance characteristics and may be more suitable for certain applications.

Surface Acoustic Wave (SAW) Devices Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Owing to High Demand for Consumer Electronics"

Asia Pacific is the major shareholder for the surface acoustic wave (SAW) devices market. The APAC region is a dominant force in the global consumer electronics market. The demand for SAW devices in smartphones, tablets, and other consumer electronic devices has driven production and innovation in this region. With the rapid expansion of 5G networks and mobile technology, the APAC region is a major consumer of SAW filters and devices in the telecommunications sector. Leading research institutions and universities in countries like Japan and South Korea have been at the forefront of SAW device research and development.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Taiyo Yuden [Japan]
• Tai Saw Technology Co. [Taiwan]
• Skyworks Solutions [U.S.]
• Infineon Technologies [Germany]
• TDK [Japan]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.