Bulk Acoustic Wave Filter Market

Introduction

Connectivity is emerging as one of the key competitive differentiators in the growing automotive market. With the automotive industry moving toward connected vehicle technology, the industry has seen the emergence of various technologies such as V2V (vehicle-to-vehicle), V2D (vehicle-to-device), V2I (vehicle-to infrastructure), and V2P (vehicle-to-pedestrian).

The emergence of connected vehicle leads to the growing adoption of interface standards such as Wi-Fi and LTE, for a range of services such as infotainment, and implementation of various features such as wireless charging capabilities, voice control, blind spot awareness, and self-driving vehicles.

RF filters such as bulk acoustic wave filters play an important role in establishing a mobile connection with a network for ensuring optimum driving experience.

These advancements in the automobile industry have further improved the adoption of LTE and Wi-Fi, which is expected to drive the growth of the bulk acoustic wave (BAW) filter market over the coming years.

Bulk Acoustic Wave Filter Market Trends

Rising Demand for Wireless Satellite Phones Creating Lucrative Avenues: Growing demand for wireless electronic products and connected devices across various regions such as North America, Europe, and Asia Pacific is creating numerous market opportunities for the BAW filter market. It has been observed that, manufacturers of wireless satellite phones are implementing next-generation driving experiences in their products, for which, they need to adopt BAW filters.

In addition, continuous growth in wireless, optical, and other high-speed & high-frequency products have created increased demand for BAW filters that are optimized for performance, cost, and practical development complexity. Thus, advancements in wireless and connected devices are creating a significant number of opportunities for manufacturers in the BAW filters market.

Increasing Penetration of Smartphones Driving Market Growth: A significant increase in the number of mobile devices across various countries around the world is expected to facilitate the growth of the bulk acoustic wave filter market. As smartphone penetration is increasing day-by-day, the adoption of radio frequency (RF) filters such as bulk acoustic filter is increasing in smartphones. Smartphones cannot properly operate without RF filters.

RF filters are used to protect sensitive receive paths from interference by transmitting signals and noise from various RF sources. Bulk acoustic wave filters are used in smartphones to transit, filter, and receive paths for 3G, 4G, and also for 2G up to 15 bands, as well as support Bluetooth, Wi-Fi, and other wireless communications.

To isolate signals from each other and reject extra signals that divert the list, smartphones require eight to nine filters and eight duplexers, and for this, acoustic filters such as bulk acoustic wave filters are used. The size of the bulk acoustic wave filter decreases with higher frequencies that makes the filter suitable for 3G and 4G applications.

Bulk acoustic wave filters are used for tough interference and deliver high speed and greater bandwidth by utilizing spectrum that might be lost with older filtering technologies. As, as smartphone adoption increases, the bulk acoustic wave filter market size will also increase.

Regional Outlook of Bulk Acoustic Wave Filter Market

In terms of value, the North America bulk acoustic wave filter market share was the highest in 2019. The BAW filter market in the U.S. will offer numerous opportunities for revenue generation over the forecast period, as highly engaged smartphone users account for a large volume of data usage.

The data-intensive nature of these consumers will encourage them to be early adopters of 5G-enabled services, which include autonomous driving ultra-HD video, AR & VR, and artificial intelligence. Thus, high adoption of advanced applications is expected to result in the growth of the BAW filter market.

However, the market in South Asia & Pacific is estimated to record the highest growth rate during the forecast period, owing to increasing penetration of smartphones and tablets in the region. Moreover, demand for 4G LTE networks and Wi-Fi hotspots is increasing in the region, which is also raising the demand for BAW filters.

COVID-19 Impact on BAW Filter Market

The COVID-19 pandemic has thrown the world economy off track, and has affected almost every country and industry. The bulk acoustic wave filter market has not been spared either.

Due to the outbreak and resulting lockdowns and restrictions, the production BAW filters has been impacted, as the raw material supply chain has been severely disrupted. The market has witnessed a decline in Q1-Q2 of 2020.

According to estimates, sales revenue of semiconductors has witnessed a dip by approximately 4% in 2020. Due to the pandemic situation, many companies are vulnerable to virus risks that can affect the company’s revenue by approximately 10%, and there will be reduction in share prices by approximately 25% due to supply chain disruption.

There is also a risk of lower shareholder returns by approximately 35%. However, the market for semiconductors would recover soon, and for this, semiconductor and technology suppliers must focus on long-term investments, and maintain engagement with prospects and partners.

Analysts’ Viewpoint

A comprehensive view of the bulk acoustic wave filter market has led our analysts to conclude that, the market is growing at a compelling rate. North America and East Asia hold a significant share in the global BAW filter market. Furthermore, the market in South Asia & Pacific is anticipated to grow at a significant rate during the forecast period. Mergers and acquisitions with BAW filter providers is a key strategy being opted for by leading vendors to fuel their sales growth.

Bulk Acoustic Wave Filter Market: Segmentation

PMR’s research study on the global bulk acoustic wave filter market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The segmentation of the bulk acoustic wave filter market has been offered on the basis of design, bandwidth, use case, vertical, and region. Every segment has been analyzed in detail and data pertaining to the growth of each segment has been included in the study.

Attribute	Details
Design	Solidly Mounted Resonator BAW Filters Film Bulk Acoustic Resonators Advanced Configuration Stacked Crystal Filters Couple Resonators
Bandwidth	Below 10MHz 10MHz-50MHz Above 50MHz
Use Case	Base Station & Repeaters Distributed Antenna Systems Tower-mounted Amplifiers 4G LTE Wireless Communication Others
Vertical	Information Communication & Technology Industrial Equipment Energy Automotive Healthcare Others
Region	North America Latin America Europe East Asia South Asia & Pacific Middle East & Africa

Bulk Acoustic Wave Filter Market: Key Questions Answered in Report

The research study on the BAW filter market offers inclusive insights about the growth of the market in the most comprehensible manner for the better understanding of users. Insights offered in the bulk acoustic wave filter market report answer some of the most salient questions that assist stakeholders in gauging all the emerging possibilities.

• How has the rapidly changing business environment turned into a major growth engine for the BAW filter market?
• What are the underlying macroeconomic factors impacting the growth of the bulk acoustic wave filter market?
• What are the key trends that are constantly shaping the growth of the bulk acoustic wave filter market?
• Which are the prominent regions offering plentiful opportunities for the bulk acoustic wave filter market?
• What are the key differential strategies adopted by key players to command a significant chunk of the global market share?
• How is the COVID-19 pandemic impacting the global bulk acoustic wave filter market?

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