Global Information Inc. would like to present a new market research report, "Global Markets and Technologies for Bulk Acoustic Wave Sensors" by BCC Research.
The global market for bulk acoustic wave devices was valued at $825.9 billion in 2011 and is expected to reach $3.1 billion in 2016, a compound annual growth rate (CAGR) of 31.7%.
The bulk acoustic wave market can be broken down into five regions: Asia, the Americas, Europe, Southeast Asia, and the rest of the world.
Asia accounted for $302.4 million in 2011 and is expected to reach nearly $1.6 billion in 2016, a CAGR of 39.1%.
The Americas totaled $166 million in 2011 and should increase at a CAGR of 22.1% to reach $451 million in 2016.
Europe, worth $174 million in 2011, should reach $747 million in 2016, increasing at a CAGR of 33.8%.
Southeast Asia accounted for $28.3 million in 2011 and in 2016 should account for $156.4 million, a CAGR of 40.8%.
The segment made up of the rest of the world was valued at $155.2 million in 2011 and in 2016 should account for $206.8 million, a CAGR of 5.9%.
In the United States, as in the rest of the world, the use of bulk acoustic wave technology is growing largely due to a number of innovative consumer electronics applications having an increased level of high-frequency band transmission, causing the reliance on sensors to be on the rise as never seen before. Wireless sensors are likely to continue to exhibit strong growth at the instrument and system levels. Wireless sensor networks are the future of the electronic world and are likely to depend on the success of two new breakthrough technologies: ultra-wideband and WiMax.
Until recently, bulk acoustic wave devices were not used much outside of national defense technology applications, and the market for this technology was small. Nevertheless, this market is now very promising because newly found applications are inducing enormous growth opportunities.
This study will be of interest to the sensor technologies industry, bulk acoustic wave filter and duplexer manufacturers, distributors, system integrators, and research institutions. It also will be of interest to manufacturers of wireless device and systems and communication technology developers in addition to manufacturers of information technology hardware devices, semiconductor device manufacturers, and electronic component manufacturers.