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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.
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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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
Bulk Acoustic Wave Sensors Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.32% |
Market growth 2022-2026 |
$ 138.86 million |
Market structure |
Fragmented |
YoY growth (%) |
10.2 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key consumer countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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. |
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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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