Surface Acoustic Wave (SAW) Filters Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the Surface Acoustic Wave Filters Market was valued at USD 6.2 billion in 2022, and a CAGR of 8.7% is expected during the forecast period. Increasing demand from various radio systems, such as mobile phones, domestic TV, and base stations, is driving growth in the market significantly. These filters provide several benefits, such as low insertion loss, a low shape factor, and high-frequency operations. The surge in usage of small and flow-cost filters in smart phones is driving growth in the market.

Increasing demand for compressed filters, used in a variety of applications, is driving growth in the market. Increasing demand for 5G networks and increasing implementation of wireless systems in SAW filters.

Growth Drivers

Due to the increasing demand for wireless communications due to high-speed data transmission and reliable wireless communication, there is a corresponding need for SAW filters in mobile devices, base stations, and satellite communication systems. The proliferation of IoT devices and the deployment of 5G networks require efficient RF filtering solutions. SAW filters are preferred due to their compact size, low power consumption, and high performance in these applications. Integration of SAW filters in smart phones, tablets, and consumer electronic devices for frequency control is driving growth in the market.

Increasing demand for environmentally friendly filters is making them a preferred choice in the market. Ongoing technological advancements such as improved bandwidth, higher frequency capabilities, and better integration with semiconductor technologies contribute to the wider adoption. Increasing demand from healthcare devices, like wearable health monitors and industrial IoT sensors, is driving the demand in the market significantly.

Segmentation

Type

·         RF SAW Filters

·         IF SAW Filters

Enterprise Size

·         Small and Medium Enterprise

·         Large Enterprise

End-User

·         Consumer Electronics

·         Automotive

·         Aerospace

·         Defense

·         Telecommunications

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Surface Acoustic Wave Filters Market by Type Segmentation

On the basis of the type, the Surface Acoustic Wave Filters market is segmented into RF SAW filters and IF SAW filters. RF SAW filters are expected to dominate the market during the forecast period due to their high performance and compact size. It provides excellent stability and selectivity, which is crucial for filtering out unwanted frequencies and ensuring high-quality signal transmission. Increasing demand for small and lightweight SAW filters is driving the demand for the surface acoustic wave filter market.

Advances in manufacturing processes have reduced the cost of production and become an attractive option for many applications. It is used in a variety of frequencies and applications, including telecommunications, automotive, and consumer electronics. Increasing demand for 5G networks and high-speed data transmission is driving growth in the market.

Surface Acoustic Wave Filters Market Enterprise Size Segmentation

On the basis of enterprise size, the surface acoustic wave filter market is segmented into small, medium, and large enterprises. Large enterprises are the leading segment in the market, and small and medium enterprises are expected to dominate the market during the forecast period significantly. Increasing demand for high-speed data transfer and wireless communication is the key factor behind the significant growth in the market. In small and medium-sized enterprises, there is also a need for 5G networks these days, and work efficiency, for example, high-speed data transmission and wireless communication, is important.

Surface acoustic wave Filters Market End-User Segmentation

On the basis of end-user segmentation, the surface acoustic wave filters market is segmented into consumer electronics, automotive, aerospace, defense, and telecommunications. The telecom sector is the leading segment and is expected to dominate the market during the forecast period. SAW filters are extensively used in telecommunications infrastructure and devices, including smart phones, base stations, and routers. Increasing demand for faster data transmission is the need of the hour. Consumer electronics is also a leading segment due to increasing demand for SAW filters in smartphones and tablets. These filters are extensively used in automotive and aerospace applications. Defense applications utilize SAW filters for RADAR systems, electronic warfare, communication, and surveillance.

Regional Outlook

On the basis of the regions, the surface acoustic wave filters market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is the leading segment in the market and is expected to remain at the top during the forecast period. Increasing demand for 5G networks and increasing growth in wireless technology are the key reasons behind the significant growth in the North American market. The United States invests heavily in the research and development of advanced technologies.

SAW is an integral component in smartphones, tablets, and other communication devices to improve signal processing and filtering capabilities. The presence of key players and a robust industrial base for electronics and telecommunications in North America enhances the development and deployment of SAW filter technologies. Increasing demand for faster data transmission, a reliable communication network, and the proliferation of IoT devices boost market growth significantly. Investments in telecommunications infrastructure upgrades, including 5G network rollouts, require advanced filtering solutions like SAW filters.

North American telecom and infrastructure companies invest significantly in upgrading their networks, which drives the demand for high-performance SAW filters. The Asia-Pacific region is next to North America, and China, Japan, and South Korea are leading the market because these countries are major manufacturing hubs for electronics and telecommunication equipment. This region produces a significant portion of the world’s consumer electronics, including smartphones, tablets, and IoT devices.

The region is experiencing significant urbanization and increasing industrialization, due to which there is an increased demand for telecommunications infrastructure and consumer electronics. It drives the need for high-performance SAW filters to ensure reliable communications. The countries in the region are rapidly expanding their telecommunication networks, including the deployment of 5G technology. Countries like Japan and South Korea have strong research and development capabilities in the semiconductor and electronics sectors. Increasing demand for electronic devices, especially smart phones with 5G networks, is driving growth in the market. Government and private sector entities in the Asia-Pacific region are investing heavily in telecommunications infrastructure upgrades.

Key Players

·         Transco Electronics

·         Soitec

·         Raltron Electronics

·         Qualcomm Technologies Inc.

·         Qorvo Inc.

·         Other Players