Bulk Acoustic Wave Devices Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2909
Bulk Acoustic Wave Devices Market size is anticipated to grow substantially owing to the emergence of 4G technology in smartphones. 4G technology requires filters, which are developed using these wave devices. The demand for this technology in smartphones is growing rapidly, which is ultimately generating the need for these devices that develop the frequency bands. The filter size decreases with an increase in the frequency ranges, making it ideal for its integration with 3G and 4G applications. These advantages of wave devices are increasing the importance of and the need for its integration into the smart devices, thereby driving the bulk acoustic wave devices market growth.
Growing implementation of the IoT technology in smart devices is driving its demand in the bulk acoustic wave devices market. IoT technology supports the internet connectivity of the devices. The data transmitted to the devices needs to be filtered from unwanted radio frequencies, emissions, and harmonics to avoid interferences of information. These devices provide an effective solution by eliminating the unwanted signals, thereby protecting it from disturbances in the service and signal transmission. Growing the demand of the components in the bulk acoustic wave devices market has been witnessed due to an increase in the need for high-quality signals transmission without disturbances in smart devices.
The miniaturization of the electronic devices is increasing the demand for these components in the bulk acoustic wave devices market. The growing demand for compact and slim devices in the electronics sector is increasing rapidly, driving the need for hardware components that could fit in these compact spaces. The integration of the acoustic wave components in electronic devices requires lesser space and offers compactness to the design of the product. This feature of the component is boosting the demand for such components in the bulk acoustic wave devices market. The compactness of these components also depends on the frequency ranges of the connectivity. These frequency ranges include 2G, 3G, and 4G network connectivity.
Rapid deployment of these components in microwave devices is accelerating the growth of the bulk acoustic wave devices market. These components offer superior features such as high performance and compact size, that making it optimum for use in microwave products. The earlier technology that was integrated with these products had many limitations such as incompatibility with the other systems. With the advent of acoustic wave devices, these limitations have been overcome and the products offer a high performance, thereby propelling the demand for these components in the bulk acoustic wave devices market.
Rise in the development of connected cars over the coming years is expected to drive the bulk acoustic wave devices market growth. These cars are integrated with the IoT technology to provide networking & connectivity facilities. Several functions that are provided in these cars include collision avoidance, GPS systems, tracking, and internet connectivity, which require an LTE connection. To provide these functions, high-frequency RF bands are used for the transmission of network signals. These frequency bands need to be free from the interferences caused due to unwanted signals to provide high-quality transmission and connectivity, increasing the demand for these filters in the bulk acoustic wave devices market.
Acoustic wave filters accounted for a high industry share in the bulk acoustic wave devices market. Increasing applications of these filters in several electronic devices, such as smartphones, smart wearables, and microwaves, are enhancing the performance and quality of signal transmission of these devices. These components offer compactness in size, which is an advantage for consumer electronics manufacturers to provide their customers with slim and handy products. The filters are integrated with these products to reduce the interference and disturbances in signal transmission, thereby fueling the growth of the bulk acoustic wave devices market.
The applications of these components in the automobile sector are expected to propel the bulk acoustic wave devices market growth over the coming years. The integration of the IoT technology in future cars to provide internet connectivity will increase the need for these components. It provides noiseless transmission by application of filters in these vehicles. Several functions of the connected cars, such as Wi-Fi connectivity and remote monitoring, require seamless network connectivity solution to provide high-performance and quality monitoring. Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2X) communications use high radio frequency bands. The filters in these systems reduce the intersection of the unwanted signals and provide high-quality signal transmission connectivity.
The Europe bulk acoustic wave devices market is expected to grow significantly due to the presence of major automobile companies and the industry leaders in the region that generate the demand for these components in vehicles. Countries including Germany and France are the major technology providers and exporters in the automobile sector. Several leading companies of automobile sector such as Audi, BMW, Mercedes Benz, Volkswagen, Ford, and Porsche, among others provide manufactures luxurious cars, which are integrated with IoT-enabled devices. The applications of the components in these luxurious cars, providing high-quality performance in signal transmission and connectivity, are driving the bulk acoustic wave devices market growth. These players are designing their products with several technological adoptions to offer value to their customers. These technological advancements include the anti-collision system, anti-braking system, Wi-Fi connectivity, and GPS tracking & monitoring.
Key players operating in the bulk acoustic wave devices market are Taiyo Yuden, Skyworks Solutions, Tai Saw Technology Co., Ltd., Infineon Technologies AG, Murata Manufacturing Co. Ltd., Honeywell International, Inc., Teledyne Microwave Solutions, Kyocera Corporation, Microsemi Corporation, Boston Piezo-Optics, Inc., Panasonic CorpRaltron Electronics Corporation, and WIKA Systems Schweiz AG, among others. These players are competing to develop products based on the consumer requirements and specifications for network connectivity and transmission in several electronic devices. Their products target the automobile sector, in which the demand for these components is increasing rapidly, driving the bulk acoustic wave devices market growth.
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