Surface Acoustic Wave (SAW) Resonator Market Expected Development, Share, Demand and Study of Key Players- Research Predictions 2021-2031
Microelectronics & Autonomous Driving to Create Revenue Opportunities Post COVID-19
The decreasing number of COVID-19 cases is anticipated to revive the growth of the surface acoustic wave resonator market. Such developments are necessary, since an increasing number of semiconductor foundries and assembly operations of EU (European Union) industries are concentrated in Asia. Since semiconductor EU industries are dependent on imports from Asia, the gradual subside of pandemic will help to reduce import costs. Apart from EU, market stakeholders from different countries have been affected due to disruptions in import and export, as these countries are dependent on China, Japan, and South Korea that account for more than 80% of the global supply.
Strategic value chains in autonomous driving, microelectronics, batteries, and artificial intelligence (AI) are creating revenue opportunities for companies in the surface acoustic wave (SAW) resonator market.
Experimenting with New Materials Necessary for Precise Fabrication of SAW Resonators
The surface acoustic wave (SAW) resonator market is projected to reach US$ 123 Mn by 2031. There is a need for precise fabrication of SAW resonators of different materials and designs, especially for sensors, filters, and RFID (Radio Frequency Identification) tags. Manufacturers are bolstering their R&D capabilities to experiment with new materials and applications.
Semiconductor companies are establishing their foot in industrial applications wherein sensor networks are deployed. These devices are promising candidates due to their low cost, robustness, and wireless operation.
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SAWs Gain Prominence in Microfluidics and Bio-sensing to Support Lab Facilities
Surface acoustic waves have the potential to become the basis for a wide gamut of lab-on-a-chip (LoCs) components. Advantages of low processing cost of the devices, scalable production, and large flexibility of tasks to perform are translating into revenue opportunities for manufacturers in the surface acoustic wave (SAW) resonator market. SAWs have the potential to both manipulate and analyze biological liquids with high performance.
Companies in the surface acoustic wave (SAW) resonator market are tapping into value-grab opportunities in commercially appealing devices pertaining to microfluidics and bio-sensing to support lab facilities. Ultra-high frequency regime SAWs exhibit large sensitivities to molecule adsorption and unparalleled fluid manipulation capabilities.
SAW Filters, Duplexers, and Quadplexers Helping to Expand Revenue Streams
Unique simulation and fine processing technologies are preferred in the development of SAW devices. Kyocera Corporation - a Japan-based multinational ceramics and electronics manufacturer, is developing a comprehensive portfolio in SAW filters, SAW duplexers, and SAW quadplexers to meet end user requirements. Leading edge SAW filters allow or prevent a specific frequency from passing through an electrical circuit.
The surface acoustic wave (SAW) resonator market is predicted to advance at a CAGR of 6.78% during the forecast period. Manufacturers are increasing their output capacities in RF SAW devices for various mobile phone systems. SAW quadplexers, on the other hand, help to transmit and receive multiple frequencies simultaneously.
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Clinical Diagnostics and Sensing Fields Generating Growth Opportunities for Companies
SAW devices have been found to be highly valuable in diverse areas, including frequency filters for electronic devices such as wireless communication tools and for developing smart miniaturized sensors. Such findings are contributing to the growth of the surface acoustic wave (SAW) resonator market. Other properties of SAW devices such as high frequency among acoustic devices, fast response, and high ruggedness are being preferred.
Companies in the surface acoustic wave (SAW) resonator market are capitalizing on incremental opportunities in the sensing field for a variety of targets such as toxic gases, chemical warfare agents, and explosives. Yeast cells for biotechnological process monitoring and cancer cells for clinical diagnostics are triggering the demand for SAW devices.
SAW sensor modified with an MIP (Molecular Imprinted Polymers) film holds promising potentials to selectively recognize the cerebral dopamine neurotrophic factor (CDNF) protein, a potential biomarker for early stage follow up of neuroprotective therapies.
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