Bulk Acoustic Wave Devices Market (Devices - Filters, Resonators, and Transducers; End-use Industry - Aerospace & Defense, Telecommunication, Environmental and Industrial, Automotive, Consumer Electronics, and Healthcare and Medical) - Global Industry Analysis Size Share Growth Trends and Forecast 2017 - 2025
Global Bulk Acoustic Wave Devices Market: Overview
In the recent time, the global market for bulk acoustic wave devices has observed a noticeable rise and it is slated to enter a phase of positive growth over the next few years. The increasing technological advancements in bulk acoustic wave devices and their widening application base are predicted to drive the growth of this market significantly over the next few years.
This research report is a thorough analytical study of the performance of the worldwide market for bulk acoustic wave devices in the past and during the period from 2017 to 2025. The market study focuses especially on the growth boosters, obstacles, opportunities, challenges, and the prominent trends in this market in an effort to determine the pace of its progress.
Global Bulk Acoustic Wave Devices Market: Key Trends and Opportunities
Filters, resonators, oscillators, and transducers are the main bulk acoustic wave devices available across the world. Among these, bulk acoustic wave filters are witnessing significantly high demand, thanks to the increasing awareness among consumers regarding the benefits of bulk acoustic wave filters over the conventional surface acoustic wave filters. Researchers expect this trend to remain so over the next few years.
These devices are extensively utilized in the aerospace and defense, environment and industrial, consumer electronics, telecommunication, automotive, and the healthcare and medical sectors. Among these, the telecommunication sector has surfaced as the leading end-use area of bulk acoustic wave devices and this scenario is likely to continue in the years to come.
Global Bulk Acoustic Wave Devices Market: Regional Outlook
The global market for bulk acoustic wave devices reports its presence across Europe, Latin America, the Middle East and Africa (MEA), North America, and Asia Pacific (APAC). Asia Pacific, among all, has surfaced as the main contributor to this market, thanks to the presence of a large pool of semiconductor companies in emerging economies, such as South Korea, China, Japan, Taiwan, and India. With the rising number of manufacturing facilities of leading telecommunication and consumer electronics enterprises in the world, this regional market is projected to retain its supremacy in the near future.
Global Bulk Acoustic Wave Devices Market: Competitive Analysis
The global market for bulk acoustic wave devices demonstrates a competitive business landscape with a high number of participants. Some of the leading players in this market are Tai Saw Technology Co. Ltd., Taiyo Yuden, Skyworks Solutions, TDK Corp., Murata Manufacturing Co. Ltd., Honeywell International Inc., Teledyne Microwave Solutions, Kyocera Corp., Infineon Technologies AG, and API Technologies. These players are focusing aggressively on technological advancements in order to sustain in this competitive environment. However, their focus is projected to shift towards strategic alliances over the next few years, in a bid to expand their regional reach.
The global bulk acoustic wave devices market is segmented as below:
By End-use Industry
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