Surface Acoustic Wave Market – Size, Outlook, Trends and Forecast (2024

Surface Acoustic Wave Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Surface acoustic waves (SAW) are a kind of longitudinal waves that travel parallel to the surface of the elastic material with the speed of the sound undergoing adiabatic compressions and depressions. These modulations by the acoustic waves are helpful in identifying pressure, humidity, temperature, and torque by using sensors. Surface acoustic wave devices have found their usage in various applications that include automotive, military and consumer sectors. SAW sensors are used to find physical phenomena by converting input electrical signal into a mechanical signal, and vice versa after identifying the changes in the amplitude, frequency among others. These sensors are incorporated in different types of touch devices as of their advantages like low cost and high performance. SAW devises ability to work even without batteries under harsh environments has made them get adopted in various end-user industries.

Surface Acoustic Waves Market Size & Growth:

Global Surface acoustic wave market is projected to reach $XX million by 2024 from $XX million in 2017, with a CAGR of XX%. Growing usage of SAW devices in various fields that include communication, defence, and consumer electronics, enhancing technological developments, rapid adoption in the manufacturing of touch-based devices, and their advantages like low cost and easy fabrication are the key factors involved in the growth of the market in the interim of the forecast period. Lack of congeniality of SAW devices with other devices, specific regional demand are the major factors restraining the market growth. Replacing the sensors in

Surface Acoustic Wave Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the conventional technology is the key challenge faced by the market. Surface acoustic waves market is going to record positive growth as of its rising demand in telecommunications, and recent advancements of SAW sensors.

Surface Acoustic Waves Market Share:

Global Surface Acoustic Waves market is classified by the device, by application, end-user, and by geography. By device type, the market is prorated as sensors, filters, oscillators, actuators, transducers, and resonators. Among these, Filters segment is anticipated to hold the largest share is owing to the introduction of interdigital transducer, usage in smartphones for various filtering functions and satellite broadcasting. High-quality substrates, advanced fabrication technologies, ideal filter techniques, precise simulation software, fast and efficient design according to customer specifications are influencing the growth of SAW filters in the market. Based on application, the market is segmented as pressure, temperature, thermal, torque, and humidity.

Depending on the end-user market is segmented as aerospace and defence, Automotive, Healthcare, Industrial, Consumer electronics and Military applications. Out of these, aerospace and defence segment is expected to witness inclined growth due to the usage of SAW sensors for ground testing, wind tunnels and flight testing’s due to their low cost and efficient performance. Based on geography, Asia-Pacific region is poised to hold the largest share in the

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Surface Acoustic Wave Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

market owing to its availability of raw materials, low labour cost, and growing production units. North America and Europe follow Asia-Pacific. North America is anticipated to hold a significant

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