Global Surface-Acoustic Wave Devices Market Size is projected to be valued $3.5 Billion by 2024; with a CAGR of 7% from 2017 to 2025. Surface-Acoustic Wave (SAW) devices use waves in electronic components to provide a number of different functions, including delay lines, filters, correlators and DC to DC converters.The SAW device works on the principle by tracking sound waves above the human hearing range, also known as ultrasonic waves, to detect the location of touch points on the screen. These devices are cost efficient, compact, easy to fabricate and have a high performance, among other advantages.SAW devices canwork as filters, signal processing units, sensors and actuators as well as can even work without batteries and operate under harsh environments.
Increasing usage of SAWs devices across various industries such as communication, and defense, among others and high demand for smart sensors fuel the growth of the surface-acoustic wave devices market. Moreover, increasing demand for electronics such as smartphone and television in emerging economies could also boost the growth of the market. However, lack of compatibility and accuracy may hinder the growth of the market. Furthermore, product innovations and development of bioengineering and precision medicine would provide opportunity for the growth in the upcoming years.
The global surface-acoustic wave devices market is segmented based on the devices analysis, end-use industry and geography. By devices analysis, it is further segmented into filters, oscillators, resonators, transducers and others. Furthermore, end-use industry are segmented into aerospace & defense, telecommunication, environmental & industry, automotive, consumer electronics, healthcare & medical and others.
By geography the surface-acoustic wave devices market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, Netherland and others. Asia-Pacific covers China India, Japan, Oceania and others. Rest of the World (RoW) covers South America, Middle East, and Africa.
Major companies operating in the global Surface-Acoustic Wave Devicesmarket are TDK Corp., FEI, Carl Zeiss AG, Hitachi High-Technologies Corp., JEOL Ltd, NEC Corporation, API Technologies, Panasonic Industrial Solutions, Murata Manufacturing Co. Ltd., Kyocera Corp., Infineon Technologies AG, AVX Corp., Boston Piezo-Optics Inc., and Raytheon Company, among others.
The key takeaways from the report
Scope of Surface-Acoustic Wave Devices Market
Devices Analysis Segments
End-Use Industry Segments