Market Size of Bulk Acoustic Wave Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.09 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bulk Acoustic Wave Sensors Market Analysis
The bulk acoustic wave sensors market was valued at USD 513.6 million in 2020, and it is expected to reach a value of USD 1018.79 million by 2026 at a CAGR of 12.09%, over the forecast period (2021 - 2026). The growing trend in the adoption of wireless technology is expected to drive the BAW sensors market in the forecast period.
- With the wide boom of 4G LTE and wireless networks around the world, the new wave spectrum is needed to handle the massive wireless traffic. Since 3G network uses 5 bands and LTE is already using more than 20 4G LTE bands, with 5G about to explore in the near future, more than 40 bands will be used.
- Moreover, Qorvo is doing some serious work in BAW technology in advanced filtering solutions for next-gen high-end mobile products which need more filters, as well as for advanced radar and communications systems. These BAW sensors can solve the toughest interference and coexistence challenges worldwide. They also enable operators and manufacturers to deliver higher speeds and greater bandwidth by utilizing spectrum that might be lost with older filtering technologies.
- BAW sensors generally deliver superior performance with lower insertion loss at higher frequency levels. They are less sensitive to temperature change. Hence, the frequency ranges handled by BAW is ideal for extremely challenging applications.
- The increasing demand for advanced wireless technology, like LTE, has made the application of new RF features mandatory in tablets and smartphones. Since there is a low manufacturing cost of the BAW sensors, which can act as a driver for the BAW market in the forecast period.
- Therefore, the growing shipments of smart gadgets, such as smartphones and tablets, over the forecast period is expected to create a significant demand for BAW filters, owing to the increasing proliferation of LTE networks.
- Furthermore, BAW sensors have a small form factor and deliver improved performances, which are expected to be the major cause of their adoption in the coming years.
