Global Bulk Acoustic Wave (BAW) Filters Market to Reach $34.6 Billion by 2030
The global market for Bulk Acoustic Wave (BAW) Filters estimated at US$11.4 Billion in the year 2023, is expected to reach US$34.6 Billion by 2030, growing at a CAGR of 17.2% over the analysis period 2023-2030. Film Bulk Acoustic Resonator, one of the segments analyzed in the report, is expected to record a 19.1% CAGR and reach US$16.7 Billion by the end of the analysis period. Growth in the Solidly Mounted Resonator BAW segment is estimated at 15.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 23.2% CAGR
The Bulk Acoustic Wave (BAW) Filters market in the U.S. is estimated at US$3.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.6 Billion by the year 2030 trailing a CAGR of 23.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 14.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.5 Billion by the year 2030.
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