Bulk Acoustic Wave Devices Market: Global Industry Analysis and Forecast (2021–2027) Drivers, Restraints, Opportunities, Threats, Trends, Applications

Bulk Acoustic Wave Devices Market was valued at US$ 1.89 Bn. in 2020 and is expected to reach US$ 3.4 Bn. by 2027, at a CAGR of 8.7% during a forecast period.
Bulk Acoustic Wave Devices Market Overview:
Bulk Acoustic Wave Devices Market was valued at US$ 1.89 Bn. in 2020. A Bulk Acoustic Wave (BAW) device is an electromechanical device that generates a standing acoustic wave in the bulk of a piezoelectric material using an electrical signal. A device in its most basic form will consist of a piezoelectric material (usually quartz, AlN, or ZnO) sandwiched between two metallic electrodes. These device have low-cost radio frequency (RF) filters that can be used in a wide range of applications up to 6 GHz. Interdigital transducers (IDTs) in a BAW filter convert electrical energy into mechanical acoustic waves that flow through and are stored on the piezoelectric material's surface.


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The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
COVID 19 Impact on Bulk Acoustic Wave Devices Market:
The COVID 19 spread all over the world. This is due to major disruptions in their separate manufacturing and supply-chain operations as a result of numerous precautionary lockdowns and other limitations imposed by governing bodies around the world. The same is true for the global market for Bulk Acoustic Wave Devices. Furthermore, consumer demand has subsequently decreased as people are now more focused on decreasing non-essential expenses from their separate budgets as the general economic condition of most people has been badly impacted by this outbreak.
Bulk Acoustic Wave Devices Market Dynamics:
A large increase in the number of mobile devices in various nations throughout the world is projected to help the bulk acoustic wave filter market grow. As smartphone penetration grows and that is helpful for radio frequency (RF) filters such as the bulk acoustic filter in smartphones. Smartphones cannot function correctly without RF filters. By broadcasting signals and noise from multiple RF sources, RF filters protect sensitive receive pathways from interference. Smartphones require eight to nine filters and eight duplexers to isolate signals from one other and reject unnecessary signals that divert the list, and acoustic filters such as bulk acoustic wave filters are employed for this. The bulk acoustic wave filter shrinks in size with frequency, making it appropriate for 3G and 4G applications. Bulk acoustic wave filters are used for tough interference, and they enable high speed and enhanced bandwidth by utilising spectrum that would otherwise be squandered with previous filtering technologies.

The automotive sector is well-known for technological advances. On addition, the sector invests heavily in safety systems innovation. These systems are high-tech and efficient. The sector has been exposed to the deployment of cutting-edge safety solutions. It makes it possible for the industry to reduce accidents. In this category, the acoustic wave device market is critical. It ensures the safety of the vehicles' users. In the forecast period, the use of acoustic wave devices in the automobile industry will increase. It provides an extraordinary development prospect for the acoustic wave device market as a whole. In addition, the government would encourage the use of acoustic wave devices in automobiles. It will provide a significant growth opportunity for the total market. Furthermore, the need for a micro electromagnetic device is expected to be significant in the approaching years. Acoustic wave devices are used in these technologies. MEMS are an important component of the automotive sector. They also save costs and improve vehicle safety. The increased demand for MEM will boost the growth of the acoustic wave industry.



The global bulk acoustic wave device market is being driven by screen size reductions as frequency ranges increase, as well as the increased application of IoT technology in smart concepts. These advantages of programmer devices are growing the importance and demand for their incorporation into smart devices. In the report, the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disruptors was examined, and this is reflected in our analysis.
Bulk Acoustic Wave Devices Market Segment Analysis:
Based on the Application, telecommunication segment held largest market share of xx% in 2020. The growing use of internet-enabled devices such as smartphones and other electronic telecommunications equipment is driving the incorporation of bulk acoustic wave devices. The telecommunications industry has the largest penetration of bulk acoustic wave devices. The cost has been reduced in order to compete with current technologies, and this is expected to boost the market during the forecast period. The BAW gadget is now competitive with surface acoustic waves. The rising use of internet-connected devices such as smartphones, tablets, and other electronic communication devices is leading to a rise in the incorporation of BAW devices.


Bulk Acoustic Wave Devices Market Regional Insight:
North America region held largest market share of xx% in 2020. The BAW device market in the United States will provide multiple revenue generation opportunities during the forecast period, as highly engaged smartphone user’s account for a substantial amount of data usage. Because of their data-intensive nature, these users will be early adopters of 5G-enabled services such as autonomous driving ultra-HD video, AR & VR, and artificial intelligence. As a result of the widespread use of advanced applications, the BAW filter market is expected to grow.

Regionally, Asia Pacific is the second most important region, accounting for xx% of the market in 2020. Rising R&D funding for microscope advancement, developing nanotechnology inquiry, and growing knowledge and abstract quality in emerging Asia Pacific countries such as China and India are the primary factors driving the market's growth. The demand for components that deliver high-quality performance in indication transmission and communication is driving the growth of the bulk acoustic wave devices market. Among the technological innovations are the resistive collision system, Wi-Fi connectivity, and GPS monitoring.

The objective of the report is to present a comprehensive analysis of the Bulk Acoustic Wave Devices market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Bulk Acoustic Wave Devices market dynamics, structure by analyzing the market segments and projects the Bulk Acoustic Wave Devices market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Bulk Acoustic Wave Devices market make the report investor’s guide.
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Bulk Acoustic Wave Devices Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2021-2027


Historical Data:
2016 to 2020
Market Size in 2020:
US $ 1.89 Bn.


Forecast Period 2021 to 2027 CAGR:
8.7 %
Market Size in 2027:
US $ 3.4 Bn.


 Segments Covered:
by Device
• Filters
• Oscillators
• Resonators
• Transducers
• Others


by Application
• Aerospace and Defense
• Telecommunication
• Environment and Industrial
• Automotive
• Consumer Electronics
• Healthcare and Medical
• Others



Bulk Acoustic Wave Devices Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Bulk Acoustic Wave Devices Market Key Players
• Taiyo Yuden
• Tai Saw Technology Co. Ltd
• Skyworks Solutions
• Infineon Technologies AG
• TDK Corporation
• Murata Manufacturing Co. Ltd
• API Technologies
• Honeywell International
• Kyocera Corporation
• Teledyne Microwave Solutions
• Microsemi Corporation
• Boston Piezo-Optics, Inc.
• Panasonic Corp
• Raltron Electronics Corporation
• WIKA Systems Schweiz AG
Frequently Asked Questions:
1. Which region has the largest share in Bulk Acoustic Wave Devices Market?
Ans: North America region holds the highest share in 2020.

2. What is the growth rate of Bulk Acoustic Wave Devices Market?
Ans: The Bulk Acoustic Wave Devices Market is growing at a CAGR of 8.7 % during forecasting period 2021-2027.

3. What segments are covered in Bulk Acoustic Wave Devices market?
Ans: Bulk Acoustic Wave Devices Market is segmented into device, application and region.

4. Who are the key players in Bulk Acoustic Wave Devices market?
Ans: The important key players in the Bulk Acoustic Wave Devices Market are – Taiyo Yuden, Tai Saw Technology Co. Ltd, Skyworks Solutions, Infineon Technologies AG, TDK Corporation, Murata Manufacturing Co. Ltd, API Technologies, Honeywell International, Kyocera Corporation, Teledyne Microwave Solutions, Microsemi Corporation, Boston Piezo-Optics, Inc., Panasonic Corp, Raltron Electronics Corporation.

5. What is the study period of this market?
Ans: The Bulk Acoustic Wave Devices Market is studied from 2020 to 2027.