The global acoustic wave filters market is estimated to be valued at USD 10.6 billion in 2023. The market is projected to reach USD 29.7 billion by 2033, exhibiting a CAGR of 10.8% from 2023 to 2033.
The growing expansion of infrastructure in the telecommunications industry in advanced as well as emerging nations is attracting a number of semiconductor producers. One of the most prevalent current developments in the telecom industry is the implementation of next-generation LTE connections.
Furthermore, the widespread use of wireless communications has been accelerating in recent years due to an ongoing surge in customer requirements for power-efficient and dependable semiconductor items, providing exciting prospects for the SAW filters market.
As cellular phones and wireless connectivity have grown in popularity, semiconductor firms are concentrating on producing low-cost, secured, and high-performance SAW filters which are further expected to contribute to the market growth.
| Attributes | Details |
|---|---|
| Acoustic Wave Filters Market Value (2022) | USD 9.7 billion |
| Acoustic Wave Filters Market Value (2023) | USD 10.6 billion |
| Acoustic Wave Filters Market Expected Value (2033) | USD 29.7 billion |
| Acoustic Wave Filters Market Projected CAGR (2023 to 2033) | 10.8% |
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FMI has projected the global acoustic wave filters market to witness a growth in revenue from USD 10.6 billion in 2023 to USD 29.7 billion by 2033. The acoustic wave filters market was estimated to grow at a CAGR of 8.7% from 2018 to 2022.
The rising popularity of smartphones and developments in the automotive industry is expected to drive the acoustic wave filters sector over the coming years. Businesses are growing increasingly forced to handle mobile gadgets, apps, and a wide range of voice and collaboration tools in order for teams to communicate across geographies, platforms, and devices.
A substantial rise in the worldwide prevalence of smartphone users is likely to motivate consumers to adopt 5G-enabled offerings. This includes self-driving cars, ultra-high-definition video, augmented reality, virtual reality, and artificial intelligence. These factors are expected to drive consumption of LTE advanced and 5G technologies, propelling the acoustic wave filters market forward.
The widespread use of wireless, visual, and other high-speed and high-frequency offerings has driven up the popularity of BAW filters that are optimized for efficiency, price, and practical development complexity. The easy incorporation of myriad applications including broadcast receivers to select desired channel frequencies is driving up the consumption of RF acoustic wave filters.
These filters are used in radio receivers to remove unwanted frequencies. RF filters separate signal frequencies while also reducing interference from external signals that can degrade the quality or effectiveness of systems for communication.
The anticipated expansion of the bulk acoustic wave filters marketplace is predicted to be aided by a substantial rise in the overall number of mobile devices in various countries around the globe.
As smartphone penetration grows, so does the use of radio frequency (RF) filters including the mass acoustic filters in smartphones. Bulk acoustic wave filters are used for the most difficult interference, as well as for high speed and higher bandwidth by utilizing a wider spectrum.
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Studies and research in the field of acoustic wave filters devices have been performed with enormous potential in recent years, and today acoustic wave filters are quickly growing popular in industries ranging from high-end manufacturing and military sectors to customer wireless usage sectors.
Rising demand for acoustic wave filters in electronic products including mobile phones, tablets, and others, as well as increasing use of this equipment, the rising popularity of acoustic wave technology in LTE, 4G, 5G, and Wi-Fi technology, and higher demand for small and efficiency microwave transmitters for the developing wireless communication system market are expected to boost market growth during the forecast period.
Technical issues such as size and power utilization limit market growth. Furthermore, interruptions to the supply chain, concerns regarding the environment, shifts in consumer tastes, and evaluations of markets are expected to create challenges in the coming decades.
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According to the report, the United States was predicted to account for a market share of 22.2% in 2022. The United States is predicted to continue accounting for the lion’s share of sales registered in the region. The United States saw an increase in demand for interface norms such as Wi-Fi and LTE for a variety of services including wireless charging, voice commands, blind spot awareness, and autonomous cars.
The growing acceptance of RF filters technology by aviation consumers such as Airbus and Boeing, as well as increased adoption by the United States Department of Defense, in RADAR systems, electronic surveillance, GPS, navigation, and ATC (Air Traffic Control), is driving the market for acoustic wave filters in the United States.
Akoustis Technologies, Inc., which has an important presence in the United States, disclosed the development of nine new patents encompassing BAW Filters gadgets and techniques for 5G, WiFi 6, WiFi 6E, and C-V2X in April 2021. besides the rights to its patent portfolio, Akoustis owns useful trade secrets related to the production of its proprietary XBAW high-band RF filters products and single-crystal piezoelectric materials. These trends are increasing the demand for acoustic wave filters in the United States.
The acoustic wave filters market in the United Kingdom is anticipated to expand at a CAGR of 10.6% from 2023 to 2033. The consumer electronics industry in the United Kingdom is expected to expand rapidly over the next decade. Furthermore, the adoption of wireless technologies has seen remarkable advancement and growth.
The growing popularity of smartphone devices has boosted the need for RF filters in this nation. According to the study, the United Kingdom is recognized as a primary market and is projected to continue to exhibit substantial demand for acoustic wave filters throughout the forecast period.
The acoustic wave filters market in India is anticipated to expand at a CAGR of 15.5% over the forecast period. India is one of the nations with the greatest economic growth, and it is expected to provide favorable market conditions for suppliers of acoustic wave filters.
The country is experiencing rapid development as a result of digital transformation and increased demand for wireless connectivity. The growing popularity of cell phones in India is a major factor resulting in the high growth rate.
The country has a large number of established SMEs that are expanding at an exponential rate to serve the large customer base. The country has witnessed an increase in demand for RF filters in usages such as digital surveillance, GPS, navigation, mobile phones to transit, filters, and recipient paths for 3G and 4G technologies over the past few years.
As a result of their low insertion characteristics, BAW filters are highly efficient at dissipating heat at elevated power levels. The BAW filters segment was estimated to account for an impressive market share of 20.6% in 2022.
BAW filters additionally conserve board space by creating filters smaller, allowing them to be easily integrated into RF front-end (RFFE) modules, which meet 5G requirements.
The increasing use of BAW filters in communications systems such as LTE networks and 5G technology, as well as the Internet of Things (IoT), boosts demand for the BAW filters segment, which is expected to drive market growth between 2023 and 2033.
According to Future Market Insights, the lithium niobate and lithium tantalate segments accounted for USD 6.1 billion in the acoustic wave filters market in 2021. The increasing need for high-speed connectivity for small and large-scale applications, as well as the debut of Internet of Things (IoT) technology in the consumer space, is projected to drive developments.
The requirement for lithium niobate crystals will be sustained by an ongoing increase in the demand for communication networks with wide bandwidths. In turn, the rollout of 5G networks retains the key to increased sales for the landscape. In 2022, the lithium niobate segment was expected to account for 43.4% of the market.
To achieve a competitive edge, market participants are concentrating on innovation and strategic collaborations.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.8% from 2023 to 2033 |
| Market Value in 2023 | USD 10.6 billion |
| Market Value in 2033 | USD 29.7 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Key Segments Covered | Type, Material, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Covered |
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | KYOCERA Corporation; Murata Manufacturing Co. Ltd; Microchip Technologies; Skyworks Solutions Inc.; Qualcomm Technologies Inc.; Qorvo Inc.; Tai-Saw Technology Co. Ltd.; Microsaw OY; API Technologies Corp; Crystek Corporation; Anatech Electronics Inc.; Taiyo Yuden Co. Ltd.; Abracon; Broadcom; Akoustis |
| Customization & Pricing | Available upon Request |
The telecommunications industry is the key consumer of acoustic wave filters.
The acoustic wave filters market is projected to grow at a CAGR of 10.8% from 2023 to 2033.
The acoustic wave filters market is valued at USD 10.6 billion in 2023.
The acoustic wave filters market is projected to reach USD 29.7 billion by 2033.
The telecommunications industry holds the most lucrative opportunities for acoustic wave filters.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. SAW Filter 5.1.1. RF SAW Filters 5.1.2. IF SAW Filters 5.2. BAW Filter 5.2.1. Solidly Mounted Resonator BAW Filters 5.2.2. Film Bulk Acoustic Resonators 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Quartz 6.2. Lithium Niobate 6.3. Lithium Tantalate 6.4. Langasite 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Consumer Electronics 7.2. Telecommunications 7.3. Automotive 7.4. Aerospace 7.5. Defense 7.6. Healthcare 7.7. Industrial 7.8. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. KYOCERA Corporation 16.2. Murata Manufacturing Co., Ltd 16.3. Microchip Technologies 16.4. Skyworks Solutions, Inc. 16.5. Qualcomm Technologies, Inc. 16.6. Qorvo, Inc. 16.7. Tai-Saw Technology Co., Ltd. 16.8. Microsaw OY 16.9. API Technologies Corp 16.10. Crystek Corporation 16.11. Anatech Electronics, Inc. 16.12. Taiyo Yuden Co., Ltd. 16.13. Abracon 16.14. Broadcom 17. Assumptions & Acronyms Used 18. Research Methodology
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Acoustic Wave Filters Market
