Market Trends of Bulk Acoustic Wave Sensors Industry
This section covers the major market trends shaping the Bulk Acoustic Wave Sensors Market according to our research experts:
Telecommunications Industry has the Fastest Growth Rate
- BAW sensors are now snowballing in the market, migrating from defense and industrial markets to consumer wireless applications. These BAW sensors are fabricated for use below 500 MHz, the economic range or the sensors is above 1.5 GHz. Above 1.9 GHz.
- BAW sensors become competitive against surface acoustic wave sensors. The increasing usage of internet compatible devices like smartphones, tablets, and other electronic communication devices is growing the integration of BAW sensors.
- The highest penetration of BAW sensors has been witnessed in the telecommunication sector. The cost has been reduced to be competitive with existing technologies, therefore there is high data traffic per month globally, which is expected to drive the market during the forecast period.
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Asia-Pacific Dominant in the Market
- Asia-Pacific region has the highest number of mobile subscriptions in the world. The number of subscriptions is around 4.2 billion, which accounts for close to 53% of the total number of subscriptions.
- In automobile applications, in the developed and developing economies, such as the United States, China, South Korea, Japan, and India, which are expected to witness substantial growth during the forecast period. North America followed the Asia–Pacific region, due to the presence of various key players in this region.
- Europe and Latin America offer potential growth opportunities in the BAW sensors market due to the increasing demand for advanced technologies from various verticals, thereby, is expected to drive the market in the regions.
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