The World Health Organization (WHO) states that the collective effects of ambient (outdoor) and household air pollution cause about seven million premature deaths every year, mainly as a result of growing mortality from stroke, chronic obstructive pulmonary disease (COPD), heart disease, lung cancer, and acute respiratory infections. Therefore, the global bulk acoustic wave sensor market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyses that the bulk acoustic wave sensor market is expected to grow at a CAGR of 13.4% in the forecast period of 2022 to 2029 and is expected to reach USD 14,041.85 million by 2029.
The proliferation of smart gadgets such as mobile phones across the region is expected to drive the market's growth rate
Smartphone and mobile phone penetration is rapidly rising as the world becomes more digital. The availability of mobile phones and other smart devices on the market has made communication easier. Telecom networks have made connecting with anyone worldwide to the mobile network easier. With the implementation of bulk acoustic wave technology, these telecom industries are enhancing their communication network, which is further predicted to increase demand for bulk acoustic wave sensor market significantly.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2019 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Film Bulk Acoustic Resonator (FBAR), Shear Bulk Acoustic Wave (S-BAW), Longitudinal Bulk Acoustic Wave (L-BAW), Lamb Wave), Raw Material (Aluminum Nitride (AlN), Zinc Oxide (ZnO), Lead Zirconium Titanate (PZT), SiO2, Lithium Niobate (LiNbO3), Lithium Tantalate (LiTaO3), Silicon Carbide (SiC), Gallium Arsenide (GaAs), Langasite (LGS), Polyvinylidene Fluoride (PVDF), Others), Sensing Parameter (Temperature, Pressure, Chemical, Humidity, Others), End-User (Telecommunications, Consumer Electronics, Automotive, Healthcare, Aerospace & Defense, Industrial, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Sorex (U.S.), Teledyne Defense Electronics (U.S.), Broadcom (U.S.), Taiyo Yuden Co., Ltd. (Japan), Qorvo, Inc (U.S.), Nihon Dempa Kogyo Co., Ltd. (Japan), quartzpro (Sweden), Fortiming Corporation (U.S.), Texas Instruments Incorporated (U.S.), Balluff Automation India Pvt. Ltd. (India), AKOUSTIS (France), AWSensors (Spain), MACOM (U.S.), Biolin scientific (Sweden) and Resonant Inc. (U.S.) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The bulk acoustic wave sensor market is segmented on the basis of product type, raw material, sensing parameter, end-user.
- Based on product type, global bulk acoustic wave sensor market is segmented into flim bulk acoustic resonator (FBAR), shear bulk acoustic wave (S-BAW), longitudinal bulk acoustic wave (L-BAW) and lamb waves. In 2022, film bulk acoustic resonator (FBAR) segment is expected to dominate the global bulk acoustic wave sensors market with 43.98% market share due to penetration of smartphones and mobile phones is rapidly increasing.
- Based on raw material, the global bulk acoustic wave sensor market is segmented into aluminum nitride (ALN), zinc oxide (ZnO), lead zirconium titanate (PZT), SiO2, lithium niobate (LiNbO3), lithium tantalate (LiTaO3), silicon carbide (SiC), gallium arsenide (GaAs), langasite (LGS), polyvinylidene fluoride (PVDF) and others.
In 2022, Aluminum Nitride (Alan) segment is expected to dominate the global bulk acoustic wave sensor market with 29.81% market share
Aluminum Nitride (Alan) segment is expected to dominate the global bulk acoustic wave sensors market with 29.81% market share due to usage of higher-frequency RF bands. One such region of the electromagnetic spectrum that spans our sub-THz range at its lower end is the radio spectrum, usually known as radio frequency or RF. The term "radio waves" or "radio frequency bands" is used to refer to electromagnetic waves in this frequency range. RF bands spanning the 30 kHz to 300 GHz range (alternative point of view offers coverage 3 KHz – 300 GHz).
- Based on sensing parameter, the global bulk acoustic wave sensor market is segmented into temperature, pressure, chemical, humidity, and others.
In 2022, the temperature segment is expected to dominate the global bulk acoustic wave sensors market with 33.26%
The temperature segment is expected to dominate the global bulk acoustic wave sensors market with 33.26% market share due to automotive applications. The majority of fuel cell stacks for automotive applications still use perfluorinated membranes. Some automakers are looking into HT-PEMFC stacks as a source of electricity for electric drives, primarily in battery-hybrid systems.
- Based on end-user, the global bulk acoustic wave sensors market is segmented into telecommunications, consumer electronics, automotive, healthcare, aerospace and defense, industrial and others. In 2022, the telecommunications segment is expected to dominate the global bulk acoustic wave sensors market with 35.54% market share due to growing number of wireless technologies to communicate with the outside world.
Major Players
Data Bridge Market Research recognizes the following companies as the major bulk acoustic wave market players in bulk acoustic wave market are Sorex, Teledyne Defense Electronics, Broadcom, Taiyo Yuden Co., Ltd., Qorvo, Inc, Nihon Dempa Kogyo Co., Ltd., quartzpro, Fortiming Corporation, Texas Instruments Incorporated, Balluff GmbH, AKOUSTIS., AWSensors , MACOM, Biolin scientific and Resonant Inc. among others.
Market Development
- In October 2021, The purchase of 51% of the outstanding shares of RFM Integrated Device, Inc. (RFMi) with the option to buy the remaining 49% in 2022 was announced by Akoustis Technologies, Inc. Through the addition of additional clients and sales channels in the IoT, medical, and automotive sectors, Akoustis' acquisition of RFM will improve its current portfolio of Wi-Fi, 5G Mobile, and 5G Network Infrastructure solutions. The timing control product line from RFMi will also be used by Akoustis, greatly expanding the capabilities of its recently created timing and frequency reference systems.
- In October 2021, Resonant Inc., a radio frequency (RF) filter solutions provider, announced the development of a multi-year strategic commercial partnership with Murata Manufacturing Co., Ltd., a leading RF filter manufacturer, to develop 5 G-enabled XBAR RF filters. This collaboration will assist Murata Manufacturing Co., Ltd. in meeting the rigorous standards of the high frequency, wide bandwidth RF market required by next-generation wireless networks
- In February 2022, TAIYO YUDEN (U.S.A.) INC., a branch of Japan's TAIYO YUDEN CO., LTD., announced its partnership with TTI., Inc., a global distributor of electronic components. The automotive and electrification industries, communication infrastructures, and other fields will all benefit from TAIYO YUDEN (U.S.A.) INCability's to expand its footprint and make a difference through this relationship. This change will expand the company's ability to contact customers worldwide.
- In October 2021, Qualcomm Technologies, Inc. announced the launch of ultraBAW RF filter technology for bands up to 7 GHz. The new Qualcomm ultraBAW RF filter technology will permit 5G and Wi-Fi solutions to access spectrum up to 7 GHz, enabling exceptional performance at higher frequencies. Next-generation mobile devices, laptops, and countless IoT and industrial solutions will take advantage of 5G and Wi-Fi coexistence thanks to accessing to sub-7 GHz spectrum, improving performance and power efficiency indoors and outdoors
Regional Analysis
Geographically, the countries covered in the bulk acoustic wave sensor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in bulk acoustic wave sensor market during the forecast period 2021 - 2028
In 2021, North America dominated the bulk acoustic wave sensor market owing to the higher level of investments by U.S. manufacturers and the increasing prevalence of technologies. North America will continue to dominate the bulk acoustic wave market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology and the launch of new products in this region.
Asia-Pacific is estimated to be the fastest growing region in bulk acoustic wave sensor market the forecast period 2022 - 2029
Asia-Pacific is expected to grow during the forecast period due to the rapid deployment of 5G and the research work on 6G technologies. Due to the band-pass frequency's reliance on film thickness, BAW devices can filter frequencies higher than conventional surface acoustic wave (SAW) RF filters.
COVID-19 Impact Analysis
The market for bulk acoustic wave sensor was adversely affected by COVID-19 because of lockdown laws and the closure of manufacturing facilities.
The COVID-19 epidemic had a negative effect to some extent on the market for bulk acoustic wave sensor. However, the market has grown to the widespread deployment of 5G technology after the pandemic. Additionally, the sector has had rapid expansion since the market opened with COVID-19, and it is anticipated that this trend will continue due to the increased need for biosensors in the medical industry.
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