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The bulk acoustic wave sensors market size is forecast to increase by USD 133.6, at a CAGR of 10.04% between 2024 and 2028. The Bulk Acoustic Wave (BAW) sensors market is experiencing significant growth due to several key trends. The proliferation of smartphones and tablets has led to an increase in demand for BAW sensors in mobile devices, particularly for applications such as proximity and touch sensors. Additionally, the growing commercialization of the Internet of Things (IoT) is driving the adoption of BAW sensors in various industries, including manufacturing, automotive, and energy, for applications such as temperature, pressure, and humidity sensing. Furthermore, the advancements in the adoption rates of wearables in healthcare have increased the demand for BAW sensors in medical devices, such as fitness trackers and continuous glucose monitoring systems. These trends are expected to continue, fueling the growth of the BAW sensors market in the coming years.
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Film Bulk Acoustic Resonator (FBAR) and Shear Bulk Acoustic Wave (BAW) technologies are pivotal in various industries such as telecommunications, consumer electronics, aerospace, and defense. These devices utilize materials like aluminum nitride, zinc oxide, lead zirconium titanate, SiO2, lithium niobate, lithium tantalate, silicon carbide, gallium arsenide, and langasite as piezoelectric substances to generate and manipulate mechanical waves and standing acoustic waves. FBAR and BAW devices serve critical functions in sensing parameter for chemical detection, enhancing performance in telecommunications systems and consumer electronics. Their application extends to aerospace and defense sectors where precise resonator technologies are essential for reliable operations. The integration of polyvinylidene fluoride (PVDF) in these devices further enhances their capabilities, highlighting ongoing advancements in materials science and engineering. As these technologies evolve, they continue to drive innovations in sensing, communication, and defense applications, contributing to advancements in modern technological landscapes.
The proliferation of smartphones and tablets is one of the key drivers supporting the bulk acoustic wave sensors market growth. The prolific growth in the shipment of tablets and smartphones has created a steady demand for filter technologies, especially BAW sensors, due to their compatibility with higher bandwidth frequencies as well as the growing proliferation of 4G/LTE networks. High-end smartphones require BAW sensors to support frequencies above 1.8 GHz for many applications. The cost of BAW sensors is USD0.30-USD1, and BAW sensors have the smallest form factor coupled with high levels of performance. Additionally, the ability to process BAW sensors on silicon wafers makes filter technology a very attractive option. Thus, the proliferation of smartphones and tablets is expected to encourage RF device manufacturers to develop high-performance RF components that meet the requirements of mobile device manufacturers.
SIgnificant Market Trends
The introduction of automation in automobiles is one of the key bulk acoustic wave sensors market trends that is contributing to the market growth. Automation in automobiles will mean that many chips would be embedded into vehicles to carry out different functions, such as car navigation and display, infotainment, collision detection technology, GPS, and the automated driving system. Therefore, RF components have a very crucial role to play in terms of establishing a mobile connection with the network to ensure that the vehicle owner or operator has an optimum driving experience. This will create a steady demand for semiconductor components, especially BAW sensors, which will trigger the growth of the global bulk acoustic wave (BAW) sensors market during the forecast period.
Major Market Challenge
The cyclical nature of the semiconductor industry is one of the factors hindering the bulk acoustic wave sensors market growth. The demand pattern in the semiconductor industry is characterized by periodic changes in end-user requirements for new and advanced technology, technological transition, and others. Vendors in the global BAW sensors market are highly dependent on original equipment manufacturers (OEMs) and original design manufacturers (ODMs) to market their products. The OEMs and ODMs, in turn, are dependent on the sales of electronic devices, such as cell phones, tablets, notebooks, and other products that employ acoustic sensors extensively. These mass-market electronic devices generally witness seasonal cycles, which result in fluctuations in demand. Such fluctuations often lead to an increase in inventory or a shortage. These factors are hindering the bulk acoustic wave sensors market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Broadcom Inc. - The company offers Broadcom FBAR (Film Bulk Acoustic Resonator) devices such as filters and multiplexers where filters are a form of bulk acoustic wave (BAW) filter that have superior performance with steeper rejection curves compared to surface acoustic wave (SAW) filters.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The telecom segment is estimated to witness significant growth during the forecast period. The telecom segment of the global BAW sensors market is the largest segment among all end-users. BAW sensor devices have many significant applications in the consumer and communication industries due to their superior performance, high reproducibility, and small size. The applications of BAW sensors in the telecom industry account for the highest volume. These sensors are used as filters in mobile phones and in telecom base stations. They are typically surface acoustic sensor devices that function as band-pass filters in radio frequency (RF) and intermediate frequency sections of electronic transceiver devices.
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The telecom segment accounted for USD 81.00 million in 2018 and showed a gradual increase during the forecast period. BAW filters are used in cellular base stations to filter signals and boost reception. The use of BAW filters is expected to drive the demand for BAW sensors in the telecom segment of the global bulk acoustic wave sensors market during the forecast period. Though the market for smartphone and communication devices witnessed a decline in growth during the initial few months of 2020 (March-June) due to the outbreak of COVID-19, it witnessed an upward growth trend after June 2020. Hence, the demand for BAW sensors in the telecom end-user segment increased. The BAW sensors market in the telecom segment is expected to grow during the forecast period, and the rising penetration of 5G networks all over the world will be a major contributing factor.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In the region, the US accounted for a major portion of the market revenue in North America, as the US is one of the biggest markets for BAW sensors. The popularity of plug-and-play devices and the use of mobile hotspot routers as an alternative to dongles are some of the major factors driving market growth in the US. The market is also boosted by the increasing demand for new-age mobile devices, which are preferred due to the short replacement cycle of smartphones and tablets. The market for BAW sensors in the US owes its prolific growth to the price wars among mobile device manufacturers. The escalating competition among leading telecom operators (such as Verizon Communications, AT and T, and T-Mobile) and Internet service providers (such as Clearwire and Sprint) is also driving market growth in the US.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The Longitudinal Bulk Acoustic Wave (BAW) and Lamb Wave technologies represent significant advancements in utilizing piezoelectric substance to manipulate mechanical wave and standing acoustic wave. These technologies are integral to RF front-end filtering in 5G technology, optimizing 5G NR frequency for enhanced RF features in LTE networks and smart gadgets. They play a crucial role in meeting the increasing demand for consumer wireless connectivity and supporting growing mobile subscriptions worldwide. Investments in research and development are driving innovations in piezoelectric material, expanding production capacities, and establishing new production sites and facilities to meet the burgeoning needs of automobile industries and other sectors. The development of piezoelectric substances and materials is crucial for advancing technologies that utilize sensing parameters and manipulate mechanical waves such as standing acoustic waves. In the realm of telecommunications, these advancements are particularly significant for optimizing 5G NR frequencies, enhancing RF capabilities, and improving network efficiency. Investment in research is pivotal in exploring new applications and enhancing the performance of piezoelectric materials in various industries, including telecommunications, consumer electronics, and automotive sectors. These materials enable the conversion of electrical signals into mechanical vibrations and vice versa, supporting innovations in sensor technologies and acoustic wave devices. As demand for faster, more reliable communication grows, so does the need for robust piezoelectric solutions that can meet the stringent requirements of 5G networks. Continued research and development in this field promise to unlock new potentials, driving forward the evolution of wireless connectivity and sensor technologies worldwide.
Market Scope |
|
Report Coverage |
Details |
Page number |
142 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.04% |
Market growth 2024-2028 |
USD 133.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.86 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 37% |
Key countries |
US, China, UK, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akoustis Technologies Inc., API Microelectronics Ltd., Broadcom Inc., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Qorvo Inc., Qualcomm Inc., TAIYO YUDEN Co. Ltd., TDK Corp., and Teledyne Technologies Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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