Global Surface Acoustic Wave Market Analysis 2024 – Estimated Market Size And Key Drivers

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According to The Business Research Company’s Surface Acoustic Wave Global Market Report 2024, The surface acoustic wave market size is expected to see strong growth in the next few years. It will grow to $7.40 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.  The growth in the forecast period can be attributed to increased demand for high-frequency filters in 5g infrastructure, continuous upgrades in telecom infrastructure to support faster and more reliable communication, increased use of health monitoring wearables, development of new materials enhancing the performance and durability of surface acoustic wave devices, advances in manufacturing processes. Major trends in the forecast period include the development of advanced surface acoustic wave technologies, a focus on energy efficiency, standardization and compliance, a focus on frequency bands, development of multifunctional devices with enhanced capabilities.The growing telecommunications sector is expected to propel the growth of the surface acoustic wave market going forward. The telecommunications sector refers to the industry involved in transmitting information over long distances through various means such as wires, radio waves, optical fibers, or satellite systems. The telecommunications sector is rising due to several reasons, including increased data consumption, 5G expansion, cloud services, internet connectivity, and digital transformation. Surface acoustic wave (SAW) technology enhances the telecommunications sector by enabling high-precision, compact, and efficient signal processing in devices such as filters and sensors. For instance, in February 2024, according to a report published by Deutsche Telekom, a Germany-based telecommunications company, global telecommunications service revenue increased by 3.3% year-on-year in 2023. In Europe, the average monthly mobile data consumption per user climbed to 16 GB, reflecting 23% annual growth. Therefore, the growing telecommunications sector is driving the growth of the surface acoustic wave market.

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The surface acoustic wave market covered in this report is segmented –1) By Type: Filters, Oscillators, Resonators, Transducer, Other Types
2) By Application: Telecommunication, Automotive, Consumer Electronics
3) By Sales Channel: Direct, Indirect

Major companies operating in the surface acoustic wave market are focusing on developing innovative, highly customizable frequency control products to meet diverse industry needs. Highly customizable frequency control products are essential components in various industries, offering tailored solutions for precise timing and synchronization needs. For instance, in February 2023, Rakon Ltd., a New Zealand-based manufacturer of frequency control products and timing solutions, launched RakonXpress, its new brand of off-the-shelf resonators, oscillators, and filters designed for short lead times. It offers a diverse range of products suitable for various applications, including the Internet of Things (IoT), automation, and other industries that require high-frequency control components quickly. This new brand aims to provide customers with rapid access to high-quality frequency control products, enhancing their product development and deployment timelines.

The surface acoustic wave market report table of contents includes:

1. Executive Summary
2. Surface Acoustic Wave Market Characteristics
3. Surface Acoustic Wave Market Trends And Strategies
4. Surface Acoustic Wave Market – Macro Economic Scenario
5. Global Surface Acoustic Wave  Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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