Owing to beneficial features such as higher self-resonance frequency, higher unloaded quality factor, low insertion loss, and improved temperature stability, BAW filters have been gaining traction in various industries. It has been experiencing a greater adoption as compared to its other alternatives that operate in the market.
The need for BAW filters has also been on the rise because the growing trend of the Internet of Things (IoT) has made it necessary for manufacturers to design products with highly efficient embedded systems that can allow communication between different networks. These factors have further propelled the demand for BAW filters thus, increasing the dependence on this market.
Rapid end-use applications across industries such as automotive, medical, consumer electronics, and the like are fostering remarkable progress in the global BAW filters market. The increasing demand for portable electronic devices like smartphones, tablets, Wi-Fi hotspots, etc., has further propelled the growth of the BAW filter market globally. The market consistently undergoes a series of developments in order to provide better services.
Advantages such as excellent temperature stability, high selectivity, low insertion loss, and high power handling capacity of BAW (Bulk Acoustic Wave) filters have been driving the growth of the market. BAW filters are increasingly being used in telecommunications, consumer electronics, and medical devices.
Considering these factors, it is reasonable to say that the BAW filters market is growing at an appreciable compound annual growth rate (CAGR) of 5%. It is expected that the market might acquire a size of USD 3.9 billion during the period of forecast, that is, 2021-31.
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BAW filters are digital filters that are used to reduce noise and other unwanted signals in an audio signal. They are designed to emphasize the desired frequency range while attenuating (reducing) other frequencies. BAW filters use a combination of digital processing techniques, such as finite impulse response (FIR) filtering, infinite impulse response (IIR) filtering, and notch filtering, to achieve their purpose. Common applications include reducing noise in radio transmissions or amplifying certain sounds in music recordings.
A significant rise in the demand for smartphones, Wi-Fi hotspots, and tablets has been driving the growth of the market. The growing demand from emerging countries such as China and India has further augmented the growth of the market. In addition, technological advancements in filter design have increased its usage across various applications resulting in an increase in its demand. Moreover, vendors are focusing on developing advanced filters with an improved fineness that enables better performance at lower prices than traditional products. This is expected to further drive the growth of the market during the forecast period.
However, limitations such as signal loss, spurious responses, high insertion loss, and high fabrication cost are some of the factors restraining the growth of the BAW filter market. This might hamper the growth of the market during the study period. In spite of the limitations, BAW filters have a considerable rate of growth because they offer better linearity and stability compared to other filter technologies.
The key players in the BAW filters market are Johanson Technology Inc., Qualcomm Technologies Inc., KEMET Corporation, Murata Manufacturing Co., Ltd., Taiyo Yuden Co. Ltd., Ace Technologies Corp., Knowles Corporation, TriQuint Semiconductor Inc., Rakon Limited, Qorvo Inc., and AVX Corporation among others. These players compete with each other in the market and each of them aims to earn higher profits and acquire a position above that of their competitors in the market.
Segment Analysis
FBAR BAW Filters to Remain the Most Lucrative Segment
On the basis of type, the BAW filter market is segmented into FBAR BAW filters and SMR BAW Filters. Among these two types, FBAR BAW Filters are more likely to hold the larger share of the overall market during the period of forecast. FBAR BAW filters are widely used in mobile communication, Wi-Fi hotspots, and tablets as they provide a higher level of performance than other filter types due to their low insertion loss and low group delay variation.
Smartphones to Ensure Maximum Revenue
The BAW filters market is divided into categories for Smartphones, Wi-Fi Hotspots, Tablets, and Others based on application. Among them, the BAW filters market anticipates that the application sector for smartphones will experience the quickest rate of growth.
North America is Expected to Render Ample Investment Avenues
Geographically, the BAW filters market is segmented into five regions: North America, Europe, Asia Pacific, Middle East, Africa, and South America. North America is expected to dominate the global market revenue throughout the forecast period owing to increasing demand for consumer electronic devices such as smartphones, tablets, and wearables. The growing trend of Bring Your Own Device (BYOD) has further contributed to an increase in demand for BAW filters from this region.
Covid-19 Impact and Market Status
The outbreak of COVID-19 has led to a decline in global demand for BAW filters, as many end-use industries have been significantly affected. The automotive industry, one of the major consumers of BAW filters, has witnessed a sharp decline in production due to the lockdown measures implemented across various countries. This has had an adverse impact on the sales of BAW filters in the case of automotive applications. The consumer electronics industry, another major application segment for BAW filters, has also been adversely affected by the pandemic. The demand for smartphones and other consumer electronics products has declined drastically due to the slowdown of the economy. This has led to a decrease in the production of these products and consequently, a decline in sales of BAW filters used in these applications. However, the market is expected to witness a recovery in demand from 2021 onwards, as the economies start to recover from the pandemic and normalcy returns across industries.
Latest Innovations in the Global UAF Filters Market: a Snapshot
• In 2020, Murata introduced its high-performance Wi-Fi 6E compact module LCM series under its high-performance MLCF™ series product lineup. This module combines a small size with excellent performance compared to existing products.
• In 2021, TDK launched its new 6 GHz filter series, the WTD6A2xxx. This filter has a small form factor with excellent performance.
BAW Filters Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 3.9 billion |
| Growth Rate | CAGR of 5 % during 2021-2031 |
| Segment Covered | Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Johanson Technology Inc., Qualcomm Technologies Inc., KEMET Corporation, Murata Manufacturing Co., Ltd., Taiyo Yuden Co. Ltd., Ace Technologies Corp., Knowles Corporation, TriQuint Semiconductor Inc., Rakon Limited, Qorvo Inc., and AVX Corporation among others |
Key Segments of the BAW Filters Market
By Type Overview, 2021-2031 (USD Billion)
• FBAR BAW Filters
• SMR BAW Filters
By Application Overview, 2021-2031 (USD Billion)
• Smartphones
• Wi-Fi Hotspots
• Tablets
• Others
By Regional Overview, 2021-2031 (USD Billion)
North America
• U.S
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and Africa
Frequently Asked Questions (FAQ) :
The global BAW Filters market size projected to reach USD 3.9 billion by 2031.