The global surface-acoustic wave devices market has been categorized into devices analysis, end-use industry and geography. Devices analysis is further bifurcated into filters, oscillators, resonators, transducers and others. Filters sub-segment accounted for the highest market share in 2016. Additionally, end-use industry segment include aerospace & defense, telecommunication, environmental & industry, automotive, consumer electronics, healthcare & medical and others. Aerospace & defense and accounted for highest market share in 2016.
Global Surface-Acoustic Wave Devices Market Report, published by Variant Market Research, forecast that the global market is expected to reach $3.5 Billion by 2024 from $2 Billion in 2016, growing at a CAGR of 7.2% from 2016 to 2024.
"Surface-Acoustic Wave Devices Market (By Device Analysis: Oscillators, Resonators, Filters, Transducers, and Others; By End-Use Industry: Aerospace & Defense, Consumer Electronics, Automotive, Healthcare & Medical, Environmental & Industry, Telecommunication, and Others; By Geography: North America, Europe, Asia-Pacific, RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"
Surface-acoustic waves (SAWs) are class of sound waves that travel parallel to the surface of an elastic material, with their amplitude decaying into the material so that they are restricted towards one wavelength of the surface. These devices are compact, high in performance, cost effective, and easy to fabricate among others.
It consists of bandpass filters, PSK filter, and delay lines.
They have the high ability to work under severe environmental conditions without batteries. They are widely used for military, consumer, and commercial applications.
Surge in demand for SAW devices in healthcare & medicine sector drive the global SAW devices market
The global surface-acoustic wave devices market is primarily driven by factors such as surge in demand for smart sensors in healthcare & medicine sector, high usage of these devices in biosensors, communication, and defense. However, lack of compatibility issues, and lack of scope for technology upgradation are the major challenges to deal with respect to market growth.
Moreover, growing demand in chemical industry, and application of SAW devices in environmental monitoring are highly expected to bring numerous growth opportunities for the market in the given forecast timeframe.
The global surface-acoustic wave devices market is majorly classified on the basis of devices analysis, end-use industry and geography. Segmentation by devices analysis comprise of oscillators, filters, transducers resonators, and others.
The end-use industry is further divided into automotive, aerospace & defense, consumer electronics, healthcare & medical telecommunication, environmental & industry, and others. Furthermore, North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major geographical classification of global SAW devices market.
Filters dominated the Devices Analysis segment
Filters accounted for the major market share in 2016, because they offer a standard combination of performance, size & cost, and are used widely in applications such as Wi-Fi, GSM, LTE, Bluetooth, and many other wireless technologies.
Aerospace & defense accounted for highest market share in End-Use industry segment
In 2016, Aerospace & defense grabbed the highest share of market, due to extensive R&D of SAW devices in emerging economies, and they are used to create a variety of different sensors, including chemical, pressure, strain, and temperature.
Asia-Pacific is anticipated to grow at a fastest CAGR over the forecast period
Asia-Pacific is likely to achieve the fastest CAGR during the forecast period 2016 – 2024, owing to availability of raw materials, low labor cost coupled with growing use of SAW devices in a number of industries in this region. Asia Pacific generated the largest revenue in the market in 2016.
The key players profiled in this market are Carl Zeiss AG, Hitachi High-Technologies Corp., Panasonic Industrial Solutions, FEI, TDK Corp., API Technologies, Raytheon Company, JEOL Ltd, NEC Corporation, Infineon Technologies AG, Boston Piezo-Optics Inc., Kyocera Corp., Murata Manufacturing Co. Ltd., and AVX Corp., Among others.
Scope of Surface-Acoustic Wave Devices Market
Devices Analysis Segments
End-Use Industry Segments
- Aerospace & Defense
- Environmental & Industry
- Consumer Electronics
- Healthcare & Medical
- North America
- Middle East
- South America
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