Market Size of Bulk Acoustic Wave Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.09 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bulk Acoustic Wave Sensors Market Analysis
The bulk acoustic wave sensors market was valued at USD 513.6 million in 2020, and it is expected to reach a value of USD 1018.79 million by 2026 at a CAGR of 12.09%, over the forecast period (2021 - 2026). The growing trend in the adoption of wireless technology is expected to drive the BAW sensors market in the forecast period.
- With the wide boom of 4G LTE and wireless networks around the world, the new wave spectrum is needed to handle the massive wireless traffic. Since 3G network uses 5 bands and LTE is already using more than 20 4G LTE bands, with 5G about to explore in the near future, more than 40 bands will be used.
- Moreover, Qorvo is doing some serious work in BAW technology in advanced filtering solutions for next-gen high-end mobile products which need more filters, as well as for advanced radar and communications systems. These BAW sensors can solve the toughest interference and coexistence challenges worldwide. They also enable operators and manufacturers to deliver higher speeds and greater bandwidth by utilizing spectrum that might be lost with older filtering technologies.
- BAW sensors generally deliver superior performance with lower insertion loss at higher frequency levels. They are less sensitive to temperature change. Hence, the frequency ranges handled by BAW is ideal for extremely challenging applications.
- The increasing demand for advanced wireless technology, like LTE, has made the application of new RF features mandatory in tablets and smartphones. Since there is a low manufacturing cost of the BAW sensors, which can act as a driver for the BAW market in the forecast period.
- Therefore, the growing shipments of smart gadgets, such as smartphones and tablets, over the forecast period is expected to create a significant demand for BAW filters, owing to the increasing proliferation of LTE networks.
- Furthermore, BAW sensors have a small form factor and deliver improved performances, which are expected to be the major cause of their adoption in the coming years.
Bulk Acoustic Wave Sensors Industry Segmentation
A bulk acoustic wave is an acoustic wave that travels through piezoelectric materials; a material which produces electric currents. The increasing market activities in the BAW devices, the applications of BAW sensors are growing in the defense, industrial, and commercial wireless application. Different types of substrates have been used for BAW sensors with the demand more driven by economics and fabrication constraints.
| By End-user Industry | |
| Automotive | |
| Aerospace & Defence | |
| Consumer Electronics | |
| Healthcare | |
| Industrial | |
| Telecommunications | |
| Other End-user Industries |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Bulk Acoustic Wave Sensors Market Size Summary
The bulk acoustic wave (BAW) sensors market is experiencing significant growth, driven by the increasing adoption of wireless technologies and the demand for advanced filtering solutions. These sensors are becoming essential in managing the expanding spectrum requirements of modern communication networks, particularly with the rollout of 4G LTE and the impending introduction of 5G. Companies like Qorvo are at the forefront, developing BAW technology to address complex interference challenges and enhance bandwidth utilization. The sensors' ability to operate efficiently at higher frequencies with lower insertion loss and reduced sensitivity to temperature changes makes them ideal for demanding applications. The low manufacturing cost further propels their adoption, particularly in consumer electronics such as smartphones and tablets, where the proliferation of LTE networks is creating a robust demand for BAW filters.
The market for BAW sensors is expanding beyond traditional defense and industrial applications into consumer wireless sectors, with significant penetration in telecommunications. The sensors are becoming competitive with surface acoustic wave sensors, driven by the increasing use of internet-enabled devices. The Asia-Pacific region leads in mobile subscriptions, presenting substantial growth opportunities, followed by North America due to its concentration of key industry players. Europe and Latin America also offer potential growth avenues as demand for advanced technologies rises. The market remains fragmented with high competition, involving major players like Panasonic Corp., CTS Corporation, and Murata Manufacturing Co. Ltd, which contributes to a low market concentration.
Bulk Acoustic Wave Sensors Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Emergence of 4G Technology for Smartphones
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1.4 Market Restraints
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1.4.1 Low Mass Sensitivity in Terms of Frequency
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1.5 Value Chain / Supply Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By End-user Industry
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2.1.1 Automotive
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2.1.2 Aerospace & Defence
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2.1.3 Consumer Electronics
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2.1.4 Healthcare
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2.1.5 Industrial
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2.1.6 Telecommunications
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2.1.7 Other End-user Industries
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Rest of the World
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Bulk Acoustic Wave Sensors Market Size FAQs
What is the current Bulk Acoustic Wave Sensors Market size?
The Bulk Acoustic Wave Sensors Market is projected to register a CAGR of 12.09% during the forecast period (2024-2029)
Who are the key players in Bulk Acoustic Wave Sensors Market?
Panasonic Corp., Murata Manufacturing Co. Ltd, TDK Epcos - TDK Corporation, CTS Corporation and Teledyne Wireless LLC are the major companies operating in the Bulk Acoustic Wave Sensors Market.
