Vancouver, Dec. 28, 2023 (GLOBE NEWSWIRE) -- The global Surface Acoustic Wave (SAW) Filters market size was USD 287 Million in 2022 and is expected to register a steady revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research. Rapid procurement of SAW filters in providing 5G Long-Term Evolution (LTE) cellular technology is a key factors driving market revenue growth. According to GSM Association, the number of 5G connections is projected to exceed 2 billion by 2025. Industry 4.0 has further accelerated penetration of 5G LTE deployment in various industrial applications, including automation, Internet of Things (IoT), smart factories, robotics, supply chain management and others. SAW filters ensure uninterrupted wireless connectivity and enhance operational processes, cost-effectiveness, quality improvements, and stable and efficient signal transmission modules. In addition, significant requirements from the aerospace industry is another factor driving revenue growth of the market.
SAW filters are rapidly deployed in aerospace Satellites Communion (SATCOM) system to provide distortion and latency free seamless connectivity. Major aircraft Original Equipment Manufacturer (OEM) companies are manufacturing new aircrafts to replace fuel inefficient aircrafts to accelerate developments of decarbonization in the aviation industry. Major aircraft OEM Airbus SE is progressing towards achieving a monthly production rate of 65 aircraft by the end of 2024 and 75 by 2026.
However, fluctuation of raw material prices is significantly affecting manufacturing cost of SAW filters, which could restrain market revenue growth. In addition, manufacturing of SAW filters are procured from various parts across the world, hence supply chain cost of components is high, which could restrain market revenue growth.
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Scope of Research
| Report Details | Outcome |
| Market Size in 2022 | USD 1.16 Billion |
| CAGR (2023–2032) | 8.6% |
| Revenue Forecast To 2032 | USD 2.66 Billion |
| Base Year Of Estimation | 2022 |
| Historical Data | 2019–2021 |
| Forecast Period | 2023–2032 |
| Quantitative Units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | type, frequency range, industry verticals, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
| Key Companies Profiled | KYOCERA AVX Components Corporation, SAWTRON Inc., Golledge Electronics Ltd., NXP Semiconductors N.V., Avnet, Inc., Microchip Technologies Inc, Abracon LLC., Murata Manufacturing Co., Ltd., Tai-Saw Technology Co., Ltd., Skyworks Solutions, Inc., and TDK Electronics AG |
| Customization Scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global surface acoustic wave filters is consolidated, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new solutions and services.
Some major players included in the surface acoustic wave filters market report are:
- KYOCERA AVX Components Corporation
- Sawtron Inc.
- Golledge Electronics Ltd.
- NXP Semiconductors N.V.
- Avnet, Inc.
- Microchip Technologies Inc.
- Abracon LLC
- Murata Manufacturing Co., Ltd.
- Tai-Saw Technology Co., Ltd.
- Skyworks Solutions, Inc.
- TDK Electronics AG
Strategic Development
- On 8 March 2023, Microchip Technology Inc., based in U.S. collaborated with Avnet Inc to simplify the adoption and deployment of IoT security for Original Equipment Manufacturer (OEM) and developers. Avnet's Internet of Things (IoT)-connect platform offers sophisticated features, including integrated support for edge-to-cloud hardware and comprehensive secure management of devices and identities throughout their lifecycle. In addition, this platform delivers seamlessly scalable full-stack solutions to OEMs, encompassing edge designs that are compatible with any hardware or cloud environment, along with customized business applications and analytics. These strategies will strengthen market share in wireless communications verticals.
- On 6 October 2021, Resonant Inc., a global RF filter solutions development company based in U.S. partnered with Murata Manufacturing Co., Ltd., to fulfill the rigorous requirements of the high-frequency RF market and precise needs of wide bandwidth for upcoming wireless networks. The extended agreement focuses on the utilization of Resonates exclusive XBAR technology in design of RF filters across additional frequency bands.
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Some Key Highlights from the Report
- The insulin pen segment accounted for largest revenue share in the global insulin market in 2022 due to rising demand for insulin pens as these help patients with diabetes to effectively manage their insulin doses. Insulin pen is a reusable injector pen that comes with an easy-to-use smartphone app that can assist diabetics better manage insulin delivery. This intelligent system calculates and tracks doses while also providing useful reminders, notifications, and reports.
- The type 1 diabetes segment is expected to register steadily fast revenue growth rate in the global insulin market during the forecast period. This is because insulin products can mitigate the effects of type 1 diabetes by helping people with the condition to maintain their blood sugar levels within a healthy range. This help to reduce the risk of complications from diabetes, such as heart disease, stroke, blindness, and kidney failure. According to world health organization, 1.52 million people are living with type 1 diabetes around the world were less than 20 years old.
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Emergen Research has segmented the global Surface Acoustic Wave (SAW) filters market on the basis of type, frequency range, application, and region:
- Type Outlook (Revenue, USD Billion; 2019-2032)
- Radiofrequency (RF) SAW Filters
- Intermediate Frequency (IF) SAW Filters
- Frequency Range Outlook (Revenue, USD Billion; 2019-2032)
- Less than 100 MHz
- 101–1,000 MHz
- 1,001–2,000 MHz
- More than 2,000 MHz
- Industry Vertical Outlook (Revenue, USD Billion; 2019-2032)
- Consumer Electronics
- Automotive
- Aerospace & Defense
- Telecommunications
- Healthcare
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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