Lithium Niobate Products to Account for Over 43% of the Acoustic Wave Filters Market in 2021: FMI Report
Increasing adoption of acoustic wave filters in smartphones for antenna routing and tuning for 5G applications is expected to propel demand in the long term. According to a recent report by Future Market Insights, the acoustic wave filters market is estimated to register a CAGR of 10.6% during the forecast period of 2021-2031, driven largely by demand for SAW filters. The market will reach US$ 4.5 Bn by 2021.
Acoustic Wave Filters Market
A recent market study published by Future Market Insights (FMI) on the acoustic wave filte...
A significant increase in the number of mobile devices in various countries around the world is expected to facilitate growth of the acoustic wave filter market. The adoption of radio frequency (RF) filters to protect sensitive receiver path from interference by transmitting signals and noise from various RF sources will bode well for manufacturers.
Bulk acoustic wave (BAW) filters are used in smartphones to transmit, filter, and receive paths for 3G, 4G, and 2G up to 15 bands, while supporting Bluetooth, Wi-Fi, and other wireless communications. 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.
“Acoustic wave filters play crucial roles in the telecommunications industry. The demand for acoustic wave filters is expected to increase in the coming decade, with the rising commercialization of 5G technologies on a global scale,” says a FMI analyst.
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.
About Electronics, Semiconductor and ICT Division at Future Market Insights
Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on software, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.
About Technology Division at Future Market Insights
The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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