The largely
fragmented vendor landscape of the global bulk acoustic devices
market had the top four companies accounting for a nearly 50% and
small- and medium-sized regional and domestic players holding nearly
50% of the market in 2016, observes Transparency Market Research in a
recent report. The top four vendors in the market, namely TDK
Corporation, Murata Manufacturing Co., Ltd., Tai Saw Technology Co.
Ltd., and Taiyo Yuden focus on strategies such as acquisitions,
partnerships, research, and development to strengthen their foothold
in the market.
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TDK Corporation, the
dominant share holder in the global BAW devices market in 2016, has
recently established R&D centers in the U.S. and China. Murata
Manufacturing Co., Ltd., has increased its portfolio of electronic
components by acquiring companies such as Peregrine Semiconductor
Corporation and RF Monolithics.
BAW Filters to
Remain Most Consumed BAW Devices
In terms of device
type, the market segment of bulk acoustic wave filters is presently
the leading contributor of revenue to the global market. The segment
had a valuation of nearly US$510.6 mn in 2016 and is expected to
remain the most in-demand bulk acoustic wave device type in the next
few years as well. The segment is expected to exhibit a promising
9.3% CAGR from 2017 to 2025. The increased demand for BAW filters
owing to their vast benefits over the traditional surface acoustic
wave filters is attributable to the strong growth prospects of this
segment.
In terms of
geography, the Asia Pacific market is the leading regional market in
terms of revenue contribution to the global market and is expected to
exhibit strong growth over the forecast period. The thriving consumer
electronics and telecommunications industries in the region will
provide the needed growth opportunities for BAW devices.
Rising Adoption
of Automated Vehicles to Fuel Demand for BAW Devices
Some of the key
factors driving the global market for bulk acoustic wave devices are
the increased numbers of network operators introducing 4G technology,
the rising adoption of this high-speed wireless networking technology
from consumers and the rising applications of BAW devices in the
automotive industry. The rising applications of BAW devices in the
automotive industry have provided a major boost to the global market
in the past few years and the factor continues to remain one of the
key drivers of the market presently as well.
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In a bid to gain
advantage over their competitors in the intensely competitive
automotive market, leading automobile manufacturers such as Mercedes,
BMW, Toyota, and Audi are developing products capable of integrating
with smart devices such as GPS systems, smartphones, and infotainment
systems. Such connected vehicles present ample opportunities for use
of bulk acoustic wave devices. Hence, the rising demand for connected
vehicles is also expected to drive the global bulk acoustic wave
devices market in the near future. In addition, the development of
automated vehicles is expected to drive the market growth in the near
future. Further potential integration of bulk acoustic wave devices
into active integrated circuit is another key opportunity for the
market growth in the near future.
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