Global Surface-Acoustic Wave Devices Market is Estimated to Reach $3.5 Billion by 2024, Says Accurize Market Research
Global Surface-Acoustic Wave Devices Market report published by Accurize Market Research forecast that the global market is expected to reach $3.5 Billion by 2024, growing at a CAGR of 7.4% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Expanding usage of SAWs devices to drive the global market
The global surface-acoustic wave devices market is majorly driven by expanding usage of SAWs devices in various applications such as communication, defense, among others and high demand for smart sensors. Furthermore, increasing demand for electronics such as smartphone and television in emerging economies also boost the growth of the market.
MarketSegmentation
The global surface-acoustic wave devices market has been categorized into devices analysis, end-use industry and geography. Devices analysis is further bifurcated into filters, oscillators, resonators, transducers and others. The end-use industry segment include aerospace & defense, telecommunication, environmental & industry, automotive, consumer electronics, healthcare & medical and others.
North America, Europe, Asia-Pacific and rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., Canada and Mexico. Europe covers countries like Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa and Middle East.
"Filters accounted for the largest market share in the device analysis segment", says Accurize
In the device analysis, filters accounted for the highest market share in 2017. In the end-use industry, aerospace& defense and accounted for highest market share in 2017.
"Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize
Asia Pacific is the fastest growing region in the market due to availability of raw materials, low labor cost coupled with growing use of these devices in a number of industries in this region. Asia Pacific also accounted for the largest market share of the market in 2017.
Top players in the market
Major companies operating in the market include Hitachi High-Technologies Corp., FEI, Carl Zeiss AG, JEOL Ltd, NEC Corporation, TDK Corp., API Technologies, Raytheon Company, Panasonic Industrial Solutions, Kyocera Corp., Infineon Technologies AG, AVX Corp., Boston Piezo-Optics Inc., and Murata Manufacturing Co. Ltd. Among others
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