The bulk acoustic wave sensor market size was valued at USD 513.4 million in 2020 and is estimated to grow at a robust CAGR during the forecast period, 2021-2028. The growth of market is attributed to increasing popularity and rapid adoption of wireless technologies.
The global bulk acoustic sensor market is estimated to grow at a rapid pace due to increasing number of application across segments and the traditional variety of application sector owing to its less reaction time, passive nature, and wireless operations.
BAW sensors remits high performances with low insertion loss at high frequency levels, and are less sensitive when temperature changes, hence the range of the frequency supported by BAW is ideal for extremely challenging applications.
Rapid increase in demand for the technologies such as LTE has made RF features mandatory in all the tablets and smart phones since the manufacturing cost of BAW sensors is low it act as a key factor in driving the market.
These BAW sensors are able to resolve the interference and challenges globally. They are operators and manufacturers to convey high speed and wider bandwidth that might just become obsolete with the older filtering technologies.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing shipments of smart gadgets such as tablets and phones is expected to drive the market during the forecast period.
- Cost of production for BAW sensor in comparatively low and works efficiently which is anticipated to boost the market in the coming years.
- Increasing demand for the advanced wireless technologies such as LTE and mandatory use of RF in all smart gadgets is anticipated to drive the market during the projected period.
- High in performance and less sensitive during the climatic changes makes BAW ideal option that is estimated to drive the market in the coming years.
- Lack of awareness about the type of sensors such as gas sensor and their problems such as small size, sensitive to environmental factors, high energy consumptions hinder the market growth.
- Rapid growth in the automotive industry to reduce the accidents and decrease the impact of accidents, sensors plays a vital role which is expected to offer lucrative opportunities to the players in the market.
Scope of the market
The report on the global bulk acoustic wave market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Bulk Acoustic Wave Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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End-user Industry (Aerospace & Defense, Healthcare, Industrial, Telecommunications, Consumer Electronics, Automotive, and Others)
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Regional Scope
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Asia Pacific, Europe, North America, and Rest of the World
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Teledyne Wireless LLC; Panasonic Corp; Muraat Manufacturing Co. Ltd; TDK Epcos- TDK Corporation; CTS Corporation.
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Market Segment Insights
The telecommunications segment is projected to exhibit a high CAGR
On the basis of end-user industries, the market is fragmented into aerospace & defense, healthcare, industrial, telecommunications, consumer electronics, automotive, and others. The telecommunications segment is anticipated to exhibit a high CAGR during the forecast period due to increase in the usage of IoT devices such as smart phones, tablets, and i-Pads. However the aerospace and defense segment is anticipated to grow at rapid pace due to many usage available for various application.
Asia Pacific is estimated to dominate the market
In the terms of regions, the market is segregated into Asia Pacific, Europe, North America, and Rest of the world. Asia Pacific is estimated to dominate the market owing to one of the main mobile subscripted population in the world, advancement in automobile applications sectors in developed and developing countries such as India, Japan, and China. On the other hand the market in Europe is anticipated to grow at a significant pace due to growing demand for advanced technologies and potential growth opportunities in BAW sensor market.
Segments
The global bulk acoustic wave sensor market has been differentiated on the basis of
End user industries
- Aerospace and Defense
- Healthcare
- Industrial
- Telecommunications
- Consumer Electronics
- Automotives
- Others
Regions
- Asia Pacific
- Europe
- North America
- Rest of the World
Key Players
- Teledyne Wireless LLC
- Panasonic Corp
- Muraat Manufacturing Co. Ltd
- TDK Epcos- TDK Corporation
- CTS Corporation
Competitive Landscape
Key players competing in the global bulk acoustic wave market include Teledyne Wireless LLC; Panasonic Corp; Muraat Manufacturing Co. Ltd; TDK Epcos- TDK Corporation; CTS Corporation.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
In April 2021, Panasonic Corp developed the world’s first sensitivity improvement technology for far infrared sensors with photonic crystal structure.
In September 2021, Panasonic Corp developed new nanoe (TM) X device that generates the high concentration of OH radicals in the history of nanoe (TM) technology.
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