Global Market Insights added a report on global Bulk Acoustic Wave Devices market that provide in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.
The Europe bulk acoustic wave devices market is expected to grow significantly due to the presence of major automobile companies and the industry leaders in the region that generate the demand for these components in vehicles. Countries including Germany and France are the major technology providers and exporters in the automobile sector. Several leading companies of automobile sector such as Audi, BMW, Mercedes Benz, Volkswagen, Ford, and Porsche, among others provide manufactures luxurious cars, which are integrated with IoT-enabled devices.
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Bulk Acoustic Wave Devices Market size is anticipated to grow substantially owing to the emergence of 4G technology in smartphones. 4G technology requires filters, which are developed using these wave devices. The demand for this technology in smartphones is growing rapidly, which is ultimately generating the need for these devices that develop the frequency bands. The filter size decreases with an increase in the frequency ranges, making it ideal for its integration with 3G and 4G applications.
Growing implementation of the IoT technology in smart devices is driving its demand in the bulk acoustic wave devices market. IoT technology supports the internet connectivity of the devices. The data transmitted to the devices needs to be filtered from unwanted radio frequencies, emissions, and harmonics to avoid interferences of information. These devices provide an effective solution by eliminating the unwanted signals, thereby protecting it from disturbances in the service and signal transmission.
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The miniaturization of the electronic devices is increasing the demand for these components in the bulk acoustic wave devices market. The growing demand for compact and slim devices in the electronics sector is increasing rapidly, driving the need for hardware components that could fit in these compact spaces. The integration of the acoustic wave components in electronic devices requires lesser space and offers compactness to the design of the product. This feature of the component is boosting the demand for such components in the bulk acoustic wave devices market.
Rapid deployment of these components in microwave devices is accelerating the growth of the bulk acoustic wave devices market. These components offer superior features such as high performance and compact size, that making it optimum for use in microwave products. The earlier technology that was integrated with these products had many limitations such as incompatibility with the other systems.
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Rise in the development of connected cars over the coming years is expected to drive the bulk acoustic wave devices market growth. These cars are integrated with the IoT technology to provide networking & connectivity facilities. Several functions that are provided in these cars include collision avoidance, GPS systems, tracking, and internet connectivity, which require an LTE connection. To provide these functions, high-frequency RF bands are used for the transmission of network signals.
Key players operating in the bulk acoustic wave devices market are Taiyo Yuden, Skyworks Solutions, Tai Saw Technology Co., Ltd., Infineon Technologies AG, Murata Manufacturing Co. Ltd., Honeywell International, Inc., Teledyne Microwave Solutions, Kyocera Corporation, Microsemi Corporation, Boston Piezo-Optics, Inc., Panasonic CorpRaltron Electronics Corporation, and WIKA Systems Schweiz AG, among others. These players are competing to develop products based on the consumer requirements and specifications for network connectivity and transmission in several electronic devices.
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