Surface Acoustic Wave Market Report 2024

The surface acoustic wave market size has grown strongly in recent years. It will grow from $5.0 billion in 2023 to $5.4 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth during the historic period can be attributed to several factors, including the rapid expansion of mobile communication technology, the proliferation of wireless communication standards, increased demand for high-performance surface acoustic wave filters, growth in the wearable device market, and advancements in advanced driver-assistance systems (ADAS).

The surface acoustic wave market size is expected to see strong growth in the next few years. It will grow to $7.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increased demand for high-frequency filters in 5G infrastructure, ongoing upgrades in telecom infrastructure to support faster and more reliable communication networks, rising adoption of health monitoring wearables, advancements in materials improving the performance and durability of surface acoustic wave devices, and innovations in manufacturing processes. Major trends expected in this period include the development of advanced surface acoustic wave technologies, a focus on energy efficiency in device operation, efforts towards standardization and regulatory compliance, a focus on optimizing frequency bands for specific applications, and the development of multifunctional devices with enhanced capabilities.

The surface acoustic wave market is set to expand driven by the growth of the telecommunications sector. This sector encompasses industries involved in transmitting information across long distances via various mediums such as wires, radio waves, optical fibers, and satellite systems. Telecommunications growth is fueled by increasing data consumption, expansion of 5G networks, adoption of cloud services, internet connectivity, and digital transformation initiatives. Surface acoustic wave (SAW) technology plays a critical role in enhancing telecommunications by enabling precise, compact, and efficient signal processing in devices such as filters and sensors. For instance, Deutsche Telekom reported in February 2024 that global telecommunications service revenue rose by 3.3% year-on-year in 2023, with monthly mobile data consumption per user in Europe increasing to 16 GB, marking a 23% annual growth. Hence, the expanding telecommunications sector is a key driver for the surface acoustic wave market.

Leading companies in the surface acoustic wave market are concentrating on developing innovative frequency control products that are highly customizable to meet diverse industry requirements. These products are crucial components across various sectors, offering tailored solutions for precise timing and synchronization needs. For example, Rakon Ltd., a New Zealand-based manufacturer of frequency control products and timing solutions, launched RakonXpress in February 2023. This new brand offers off-the-shelf resonators, oscillators, and filters designed for rapid deployment, catering to applications such as IoT, automation, and other industries requiring high-frequency control components. RakonXpress aims to provide customers with quick access to top-quality frequency control products, enhancing their ability to develop and deploy products efficiently.

In March 2022, Murata Manufacturing Co. Ltd., a Japan-based electronic components manufacturer, acquired Resonant Inc. to bolster its position in the telecommunications market. This strategic move integrates Resonant's XBAR technology with Murata's filter and process technologies, advancing capabilities in high-frequency filters that utilize surface acoustic waves (SAW). Resonant Inc., based in the US, specializes in radio frequency (RF) filter solutions, enhancing Murata Manufacturing's offerings in the telecommunications sector.

Major companies operating in the surface acoustic wave market are Qualcomm Technologies Inc., Broadcom Inc., Murata Manufacturing Co. Ltd., TDK Corporation, Teledyne Technologies Incorporated, Skyworks Solutions Inc., Qorvo Inc., Vishay Intertechnology Inc., Taiyo Yuden Co. Ltd., Microsemi Corporation, Silicon Laboratories Inc., CTS Corporation, API Technologies Corp, Rakon Limited, Tai-Saw Technology Co. Ltd., Vectron International Inc., Crystek Corporation, KYOCERA AVX Components Corporation, Golledge Electronics Ltd., Toko Inc., Microsaw, TriQuint Semiconductor Inc.

Asia-Pacific was the largest region in the surface acoustic wave market in 2023. The regions covered in the surface acoustic wave market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the surface acoustic wave market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Surface acoustic wave (SAW) refers to a type of sound wave that travels along the surface of an elastic material, with its amplitude decaying exponentially with depth into the material. These waves are valued for their sensitivity to surface conditions and their minimal loss during propagation, making them useful in diverse technological applications.

The main types of surface acoustic waves include filters, oscillators, resonators, transducers, and others. Filters are electronic components essential for selectively allowing or blocking specific frequencies in electronic circuits, crucial for signal processing and communication systems. These devices find applications in telecommunications, automotive technology, consumer electronics, and are distributed through various direct and indirect sales channels.

The surface acoustic wave market research report is one of a series of new reports that provides surface acoustic wave market statistics, including the surface acoustic wave industry's global market size, regional shares, competitors with a surface acoustic wave market share, detailed surface acoustic wave market segments, market trends and opportunities, and any further data you may need to thrive in the surface acoustic wave industry. This surface acoustic wave market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The surface acoustic wave market consists of sales of surface acoustic wave sensors, lab-on-a-chip devices, phase shifters, and baluns. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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