Surface Acoustic Wave (SAW) Devices Market: Filters to Surface as Most Valued Product by 2024
Dominated by Murata Manufacturing Co. Ltd., TDK Corp., Taiyo Yuden, and Tai Saw Technology Co. Ltd., the global surface acoustic wave (SAW) devices market has been demonstrating a highly competitive landscape, states a report by Transparency Market Research (TMR). These players, collectively, accounted for a share of 58.2% in the overall market in 2015. Hitherto, the leading players in this market have been concentrating on mergers, acquisitions, and partnerships with other companies, functioning in the same line of business in order to expand their business operations. However, over the forthcoming years, they are likely to shift their focus towards product innovation in a bid to gain competitive advantage over their competitors, reports the study. According to the research report, the worldwide SAW devices market stood at US$1.9 bn in 2015. Progressing at a CAGR of 6.90% during the period from 2016 to 2024, the opportunity in this market is likely to reach a value of US$3....