The automotive RF acoustic wave filters market is anticipated to expand at a compound annual growth rate of 9.2% during the forecast period of 2023 to 2030. Filters are electronic components that allow signals to pass through them within a predetermined bandwidth (low pass, high pass, or band pass), while at the same time they block signals that fall outside of that bandwidth. One of the sorts of filters that can be used is called the RF acoustic wave filter. Acoustic filters are able to offer frequencies ranging from extremely low to extremely high, all the way up to 6 gigahertz. Both Surface Acoustic Wave (SAW) and Bulk Acoustic Wave (BAW) methods are utilised in the production of RF acoustic wave filters (BAW). These devices use a piezoelectric substrate for the propagation of acoustic waves through it, and they play a crucial role in the field of wireless communications since they guarantee the spectral integrity of radio frequency signals. They are electromechanical devices that offer frequency selection, control, and signal processing capabilities in a wide variety of radio frequency applications. These capabilities are what give them their name. The expansion of the surface acoustic wave filters market is anticipated to be fuelled by the aerospace industry's adoption of radio frequency (RF) filter technology for use by companies like Airbus and Boeing.
SAW Filters Dominant, Though BAW Filters Market is Expanding Rapidly
In the year 2021, SAW Filters were the most dominant product segment. It is anticipated that increased adoption of RF filters by the United States Department of defence for improving RADAR systems, electronic surveillance, GPS, navigation, ATC (air traffic control), data exchange, and improved conversations between pilots and ground staff will offer significant opportunities for the growth of the SAW filters market.However, BAW filters are predicted to increase at the quickest speed during the forecast period of 2023 to 2030, exhibiting a CAGR of 12% during the forecast period. The expansion of bandwidth options across a wider range and higher frequency innovations are the primary factors driving the growth of the BAW segment.
North America Remains as the Global Leader
In 2021, the revenue share that was generated in North America was significantly higher than in any other region on the global market. The existence of a large number of manufacturers and original equipment manufacturers (OEMs) that are actively engaged in the deployment of these products across range of applications is thought to be the driving force behind the expansion. It is anticipated that the Asia Pacific region will experience significant growth over the course of the forecast period due to increased demand for automotive. Between the years 2023 and 2030, it is anticipated that the market for automotive RF acoustic wave filters market will expand at a pace of 8.5% in Europe.
New Product Launch: Most Adopted Strategy
The report includes major advancements in the organic and inorganic growth strategies followed by tier 1, tier 2 and tier 3 market players in RF acoustic wave filters market. Several businesses are concentrating their efforts on developing organic methods of expansion, such as the introduction of new products, the gaining of regulatory approvals for existing ones, and other methods, such as the filing of patents and the holding of events. Acquisitions, as well as partnerships and other types of collaborations, were the most common kind of inorganic growth strategy activities observed in the industry. The increasing demand for RF acoustic wave filters market is expected to present industry participants with attractive growth prospects in the future. This is due to the fact that the market for these filters is expected to continue to expand. The dominant players in the market include Murata Manufacturing Co., Ltd., Microchip Technologies (Vectron International), Skyworks Solutions, Inc., Qualcomm Technologies, Inc., and Qorvo, Inc.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive RF Acoustic Wave Filters market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
