Tunable Filter Market Will hit at a CAGR of 7.4% from 2017 to 2027

According to a recent market report published by Future Market Insights titled, “Tunable Filters Market: Global Industry Trend Analysis 2012 to 2016 and Forecast 2017 – 2027”, the global Tunable Filters market was valued at US$ 71.95 Mn in 2016, and is estimated to steadily grow to US$ 159.35 Mn by 2027 from US$ 77.69 Mn in 2017 giving a CAGR of 7.4%. Stable growth rate in defense budgets globally, fueled by the global conflicts and modernization of militaries is a major factors driving growth of the global Tunable Filters market.

A tunable filter is an electric filter in which frequency of the pass band or rejection band can be varied by adjusting its components. Most tunable filters fall into three main types, which are mechanically tunable, magnetically tunable, and electronically tunable filters. Amongst all the major application areas, tunable filters are mostly deployed in the defense and communication industry. Apart from the defense industry, other specific application areas include tactical radios, avionics and shipboard cosite mitigation, and military vehicular mount radio components. Tunable Filter vendors develop, discover, produce and market Tunable Filters to fulfill the needs and demands in the areas of application. Some of the key vendors in the Tunable Filter Market are, K&L Microwave, Inc., Atlanta Micro, Inc.

The report starts with an overview of the global Tunable Filters market in terms of value. In addition, this section includes analysis of factors, opportunity analysis and technology trends which are influencing the Tunable Filters market. Impact analysis of key growth drivers and restraints, based on the weighted average model and FMI analysis and recommendation is included in this report to facilitate clients with crystal clear decision-making insights.

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Global Tunable Filters market is categorized on the basis of Application. With respect to application, the market for Tunable Filters is segmented as Tactical Radios, Avionics and Shipboard Cosite Mitigation, Military Vehicular Mount Radio Components and Wireless Communication Equipment. Wireless Communication Equipment accounted for a market share of 80.4% in 2016.

The Tunable Filters market is anticipated to witness a high growth in revenue, during the forecast period of 10 years, owing to the steady growth rate in defense budgets globally, fueled by the global conflicts and modernization of militaries across the APEJ region.

The Wireless Communication Equipment is estimated to register a CAGR of 8.1% in 2027.

This report also covers drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of Tunable Filters market in regions including North America (US and Canada), Latin America (Brazil, Mexico, Rest of Latin America), Eastern Europe (Russia, Poland, Rest of Eastern Europe), Western Europe (Germany, France, UK, Spain, Italy, BENELUX, Nordic, Rest of Western Europe) , Asia Pacific excluding Japan (China, India, Australia and New Zealand, ASEAN, Rest of APEJ), Japan and Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa and Rest of MEA) Among these regions, APEJ accounted for the largest market share in 2016 owing to rising need of Tunable Filters in Defense and Military field.Key competitors in Tunable Filters market are: Analog Devices Inc., RS Microwave Co Inc., K&L Microwave, Inc., Fairview Microwave Inc., I2R Nanowave Inc., Pole/Zero Corporation, Atlanta Micro, Inc.

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This release was published on openPR.