Bulk Acoustic Wave Sensors Market by End-user and Geography - Forecast and Analysis 2022-2026
| Published: Apr 2022 | Pages: 129 | SKU: IRTNTR72948 |
The bulk acoustic wave sensors market share is expected to increase by USD 138.86 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.32%.
This bulk acoustic wave sensors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bulk acoustic wave sensors market segmentations by end-user (telecom, automotive, consumer electronics, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The bulk acoustic wave sensors market report also offers information on several market vendors, including Akoustis Technologies Inc., API Microelectronics Ltd., Broadcom Inc., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Qorvo Inc., Qualcomm Inc., TAIYO YUDEN Mobile Technology Co. Ltd., TDK Corp., and Teledyne Technologies Inc. among others.
What will the Bulk Acoustic Wave Sensors Market Size be During the Forecast Period?
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Bulk Acoustic Wave Sensors Market: Key Drivers, Trends, and Challenges
The proliferation of smartphones and tablets is notably driving the bulk acoustic wave sensors market growth, although factors such as the cyclical nature of the semiconductor industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bulk acoustic wave sensors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Bulk Acoustic Wave Sensors Market Driver
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 $0.30-$1, 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.
Key Bulk Acoustic Wave Sensors Market Trend
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.
Key Bulk Acoustic Wave Sensors 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.
This bulk acoustic wave sensors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global bulk acoustic wave (BAW) sensors market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bulk acoustic wave sensors market during the forecast period.
Who are the Major Bulk Acoustic Wave Sensors Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Akoustis Technologies Inc.
- API Microelectronics Ltd.
- Broadcom Inc.
- Microchip Technology Inc.
- Murata Manufacturing Co. Ltd.
- Qorvo Inc.
- Qualcomm Inc.
- TAIYO YUDEN Mobile Technology Co. Ltd.
- TDK Corp.
- Teledyne Technologies Inc.
This statistical study of the bulk acoustic wave sensors market encompasses successful business strategies deployed by the key vendors. The bulk acoustic wave sensors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Akoustis.com - The company offers XBAW as BAW filter technology which optimizes selective connectivity in the 5G and WiFi 6E space.
- Apitech.com - The company offers PITech which offers a wide range of high-quality standard and custom Surface Acoustic Wave (SAW) product solutions.
- Broadcom.com - 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.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The bulk acoustic wave sensors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Bulk Acoustic Wave Sensors Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the bulk acoustic wave sensors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Bulk Acoustic Wave Sensors Market?
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36% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for bulk acoustic wave sensors market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Another key region offering significant growth opportunities for vendors is North America. The use of mobile hotspot routers as an alternative to dongles will facilitate the bulk acoustic wave sensors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had adversely impacted the regional market. However, the large-scale adoption of Industry 4.0 technologies will drive the BAW sensors market growth during the forecast period.
What are the Revenue-generating End-user Segments in the Bulk Acoustic Wave Sensors Market?
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The bulk acoustic wave sensors market share growth by the telecom segment will be significant during the forecast period. 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 smartphones 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. This, in turn, will boost the bulk acoustic wave sensors market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the bulk acoustic wave sensors market size and actionable market insights on post COVID-19 impact on each segment.
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Bulk Acoustic Wave Sensors Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.32% |
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Market growth 2022-2026 |
$ 138.86 million |
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Market structure |
Fragmented |
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YoY growth (%) |
10.2 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 36% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Akoustis Technologies Inc., API Microelectronics Ltd., Broadcom Inc., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Qorvo Inc., Qualcomm Inc., TAIYO YUDEN Mobile Technology Co. Ltd., TDK Corp., and Teledyne Technologies Inc. |
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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 |
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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. |
What are the Key Data Covered in this Bulk Acoustic Wave Sensors Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive bulk acoustic wave sensors market growth during the next five years
- Precise estimation of the bulk acoustic wave sensors market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the bulk acoustic wave sensors industry across North America, APAC, Europe, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bulk acoustic wave sensors market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Telecom - Market size and forecast 2021-2026
- Exhibit 28: Chart on Telecom - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Telecom - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Telecom - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Telecom - Year-over-year growth 2021-2026 (%)
- 5.4 Automotive - Market size and forecast 2021-2026
- Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
- 5.5 Consumer electronics - Market size and forecast 2021-2026
- Exhibit 36: Chart on Consumer electronics - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Consumer electronics - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Consumer electronics - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Consumer electronics - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by End-user
- Exhibit 44: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Akoustis Technologies Inc.
- Exhibit 97: Akoustis Technologies Inc. - Overview
- Exhibit 98: Akoustis Technologies Inc. - Business segments
- Exhibit 99: Akoustis Technologies Inc. - Key offerings
- Exhibit 100: Akoustis Technologies Inc. - Segment focus
- 10.4 API Microelectronics Ltd.
- Exhibit 101: API Microelectronics Ltd. - Overview
- Exhibit 102: API Microelectronics Ltd. - Product / Service
- Exhibit 103: API Microelectronics Ltd. - Key offerings
- 10.5 Broadcom Inc.
- Exhibit 104: Broadcom Inc. - Overview
- Exhibit 105: Broadcom Inc. - Business segments
- Exhibit 106: Broadcom Inc. - Key news
- Exhibit 107: Broadcom Inc. - Key offerings
- Exhibit 108: Broadcom Inc. - Segment focus
- 10.6 Microchip Technology Inc.
- Exhibit 109: Microchip Technology Inc. - Overview
- Exhibit 110: Microchip Technology Inc. - Business segments
- Exhibit 111: Microchip Technology Inc. - Key news
- Exhibit 112: Microchip Technology Inc. - Key offerings
- Exhibit 113: Microchip Technology Inc. - Segment focus
- 10.7 Murata Manufacturing Co. Ltd.
- Exhibit 114: Murata Manufacturing Co. Ltd. - Overview
- Exhibit 115: Murata Manufacturing Co. Ltd. - Business segments
- Exhibit 116: Murata Manufacturing Co. Ltd. - Key news
- Exhibit 117: Murata Manufacturing Co. Ltd. - Key offerings
- Exhibit 118: Murata Manufacturing Co. Ltd. - Segment focus
- 10.8 Qorvo Inc.
- Exhibit 119: Qorvo Inc. - Overview
- Exhibit 120: Qorvo Inc. - Business segments
- Exhibit 121: Qorvo Inc. - Key offerings
- Exhibit 122: Qorvo Inc. - Segment focus
- 10.9 Qualcomm Inc.
- Exhibit 123: Qualcomm Inc. - Overview
- Exhibit 124: Qualcomm Inc. - Business segments
- Exhibit 125: Qualcomm Inc. - Key news
- Exhibit 126: Qualcomm Inc. - Key offerings
- Exhibit 127: Qualcomm Inc. - Segment focus
- 10.10 TAIYO YUDEN Mobile Technology Co. Ltd.
- Exhibit 128: TAIYO YUDEN Mobile Technology Co. Ltd. - Overview
- Exhibit 129: TAIYO YUDEN Mobile Technology Co. Ltd. - Product / Service
- Exhibit 130: TAIYO YUDEN Mobile Technology Co. Ltd. - Key offerings
- 10.11 TDK Corp.
- Exhibit 131: TDK Corp. - Overview
- Exhibit 132: TDK Corp. - Business segments
- Exhibit 133: TDK Corp. - Key news
- Exhibit 134: TDK Corp. - Key offerings
- Exhibit 135: TDK Corp. - Segment focus
- 10.12 Teledyne Technologies Inc.
- Exhibit 136: Teledyne Technologies Inc. - Overview
- Exhibit 137: Teledyne Technologies Inc. - Business segments
- Exhibit 138: Teledyne Technologies Inc. - Key offerings
- Exhibit 139: Teledyne Technologies Inc. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 140: Inclusions checklist
- Exhibit 141: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 142: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 143: Research methodology
- Exhibit 144: Validation techniques employed for market sizing
- Exhibit 145: Information sources
- 11.5 List of abbreviations
- Exhibit 146: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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bulk acoustic wave sensors market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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