The U.S. current-account deficit increased and reached US$ 234.8 billion in Q4 2021. However, the Canadian Dollar exchange (CAD) increased by 29.9% in Q1 22 to reach US$ 294.4 billion, widening the imbalance by US$ 68.6 billion. In the first quarter of 2022, exports of goods and services rose by US$ 27.7 billion, totaling US$ 1.07 trillion. However, the nation’s goods and services deficit decreased to US$ 79.9 billion in June from US$ 87.9 billion in May, which was corrected, a US$ 5.7 billion decrease that indicated some relief. On the other hand, the annual inflation rate in the country hit 8.7%.
Global Surface Acoustic Wave (SAW) resonator Market to reach USD 1296.86 million by 2027.Global Surface Acoustic Wave (SAW) resonator Market is valued approximately USD 644.70 million in 2020 and is anticipated to grow with a healthy growth rate of more than 10.5 % over the forecast period 2021-2027.
Surface Acoustic Wave or SAW is an acoustic wave which travels along the surface of a material that manifest elasticity, having an amplitude which decays exponentially with the depth of the material. The process of converting energy requires input and output transducer. Penetration of Micro Electro Mechanical System (MEMS) technology is a major driver for the forecasted period.
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Development in new technology such as nanotechnology and microtechnology that will offer mass production, low power consumption. Low manufacturing cost over the forecasted period may boost the demand among the various application segment. Thus, there is high demand for surface acoustic wave-based sensors among industrial end user. Competitive advantage gives the surface acoustic wave edge over the technologies and this may drive the demand for the same. However, there are technical issues related to size, energy consumption, and sensitivity and it impedes the growth of the market over the forecast period of 2021-2027. Also, the growth in surface acoustic wave is immense as the automotive industry is developing new applications and hence, is likely to increase the market growth during the forecast period.
The regional analysis of global Surface Acoustic Wave (SAW) resonator market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the technological advancements, low manufacturing cost, and wireless and passive nature of the products are the major driver of the growth. Whereas, Europe is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increase in use of applications such as aerospace, automotive, healthcare, industrial sector and consumer electronics. would create lucrative growth prospects for the Surface Acoustic Wave (SAW) resonator market across Asia-Pacific region.
Major market player included in this report are: Vectron International Qualtre, Inc. SENSeOR Sensor Technology Ltd. NanoTemper Technologies GmbH Althen GmbH Transense Technologies Pro-micron Heinz Messwiderstande Hawk Measurement System
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
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By Type: Surface Acoustic Wave (SAW) Bulk Acoustic Wave (BAW) By Devices: Resonator Delay line By Vertical: Military Industrial Automotive Food and Beverages Healthcare Environment
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