The surface acoustic wave (SAW) filter market size is projected to reach US$ 4.11 billion by 2031 from US$ 2.17 billion in 2023. The market is expected to register a CAGR of 8.0% during 2023–2031. Miniaturization and integration and increased frequency range are likely to remain a key trend in the market.
The most popular class of SAW-filters is widely used in residential TV and radio systems, including base stations and mobile phone handsets. Numerous varieties exist, each with a unique set of benefits, including tiny size, high-frequency functioning, minimal insertion loss, and low form factor. The extreme precision with which almost limitless shapes can be formed on the surface makes a large range of types conceivable.
Surface acoustic wave filters have been an important part of digital television sets and mobile phones. In every smartphone and other IoT device, SAW filters remain a crucial component of the communication module. SAW technology provides affordable solutions for many different kinds of uses. SAW components are a better option for a customer who needs big-volume production due to their affordable pricing. The development time of SAW components is cut down to a few weeks thanks to sophisticated simulation tools and the newest advancements in semiconductor process technology.
SAW filters are still an important part of any smartphone, having been used by manufacturers for many years since the initial generation of cell phones. Since the launch of LTE, a wide range of radio frequency bands, or LTE bands, from 600MHz to 2700MHz, have been supported by smartphones. In order to ensure global network compatibility, smartphone manufacturers incorporate the majority of LTE bands that are often used. Sub-6GHz bandwidth was made available by 5G for earlier deployments, and SAW filters are capable of capturing the majority of lower-band frequencies. SAW filter solutions provide high-performance duplexers and multiplexers for RF communication modules that power contemporary mobile devices. Globally, smartphone use is almost universal in industrialized countries. According to estimates from 2023, there are presently more than 6.5 billion smartphones in use worldwide, and this figure is expected to rise in the years to come. This is to drive the demand in the surface acoustic wave (SAW) filter market.
The need for SAW filters is being driven by the introduction of 5G technology and the expansion of Internet of Things (IoT) devices. Precise filtering is necessary for these applications to operate in complicated radio environments. The goal of ongoing research is to further reduce the size of SAW filters so they can fit into progressively smaller electronic devices without sacrificing functionality. Efforts are also underway to lower production costs and enhance performance by integrating SAW filters with other parts on a single chip.
Key segments that contributed to the derivation of the Surface Acoustic Wave (SAW) Filter market analysis are type, frequency range, and application.
The geographic scope of the surface acoustic wave (SAW) filter market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific holds a significant share of the surface acoustic wave (SAW) filter market in 2023. Asia Pacific is the manufacturing hub for the semiconductor industry. Countries such as South Korea, Japan, and China are major semiconductor manufacturing hubs. Moreover, the region has a significant number of smartphone manufacturers driving the demand for SAW filters in the region.
The regional trends and factors influencing the Surface Acoustic Wave (SAW) Filter Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Surface Acoustic Wave (SAW) Filter Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 2.17 Billion |
Market Size by 2031 | US$ 4.11 Billion |
Global CAGR (2023 - 2031) | 8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Surface Acoustic Wave (SAW) Filter Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Surface Acoustic Wave (SAW) Filter Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The surface acoustic wave (SAW) filter market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the surface acoustic wave (SAW) filter market are listed below:
The “Surface Acoustic Wave (SAW) Filter Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
Asia Pacific dominated the surface acoustic wave (SAW) filter market in 2023.
A rising number of smartphones and tablets and advancements in wireless communication are expected to drive the surface acoustic wave (SAW) filter market.
Miniaturization and integration and increased frequency range are likely to remain key trends in the market.
Murata Manufacturing Co., Ltd., API Technologies (UK) Ltd., Abracon, Qualcomm Technologies, Inc., Qorvo, Inc., Skywork Solutions, Inc., TAIYO YUDEN CO., LTD, Microchip Technologies, Inc., Kyocera Corporation, and TAI-SAW TECHNOLOGY CO., LTD. are among the leading payers operating in the surface acoustic wave (SAW) filter market.
The surface acoustic wave (SAW) filter market size is projected to reach US$ 4.11 billion by 2031
The surface acoustic wave (SAW) filter market is expected to register a CAGR of 8.0% during 2023–2031