TDK Corporation, the dominant share holder in the global BAW devices market in 2016, has recently established R&D centers in the U.S. and China. Murata Manufacturing Co., Ltd., has increased its portfolio of electronic components by acquiring companies such as Peregrine Semiconductor Corporation and RF Monolithics.
The market for bulk acoustic wave (BAW) devices has witnessed a significant rise in investment aimed at the development and commercialization of these devices across an increasing number of application areas. These devices find applications in high-end applications across industries such as telecommunications and consumer electronics.
Of late, the market has witnessed a vast rise in demand due to the emergence of the 4G technology. BAW devices are considered superior substitutes over surface acoustic wave (SAW) devices as the former are more compact and suitable for handset designs.Rising demand for miniaturized consumer electronic devices is expected to significantly benefit the global demand for bulk acoustic wave devices in the next few years.
Transparency Market Research states that the global bulk acoustic wave devices market will exhibit a promising 9.3% CAGR over the period between 2017 and 2025, rising from a valuation of US$860.4 mn in 2016 to US$1869.6 mn by 2025.
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The global bulk acoustic wave devices market has been segmented in the report in terms of device type into filters, resonators, and transducers. Of these, the segment of filters accounted for a massive chunk in the overall revenue of the global BAW devices market in 2016.
The segment valued at US$510.6 mn in 2016 and is expected to remain the leading segment, exhibiting a promising 9.3% CAGR from 2017 to 2025.
Bulk acoustic wave filters are preferred over the traditionally used surface acoustic wave filters owing to their several advantages such as much smaller shapes and sizes and capability of providing higher frequency despite having smaller form factor compared to surface acoustic wave filters. These factors make BAW filters the most preferred filters in 3G and 4G applications.
Thus, as the usage of 4G technology increases, the demand for BAW filters is also expected to grow over the forecast period 2017 to 2025.
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Asia Pacific dominated the global market for BAW devices in 2016, retaining its position as the leading contributor of revenue to the global market. The market for BAW devices in Asia Pacific is primarily driven by high concentration of semiconductor companies in emerging countries such as China, Taiwan, Japan, South Korea and India.
North America, which is another promising regional market for BAW devices with high-growth potential, is also expected to retain its position as one of the leading demand drivers and contributors of revenue to the global market.
Some of the leading players operating in the global bulk acoustic wave devices market are Tai Saw Technology Co. Ltd. (Taiwan, China), Taiyo Yuden (Tokyo, Japan), Skyworks Solutions (Massachusetts, U.S.), TDK Corporation (Tokyo, Japan), Murata Manufacturing Co. Ltd. (Kyoto, Japan)
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