Electronic Filter Market 2020 Expected to Witness a Sustainable Growth of CAGR 5.2% with Focusing Key players like Schneider Electric SE, ABB Ltd, AVX Corporation, BLOCK Transformatoren-Elektronik GmbH

The electronic filter market was valued at US$ 12.89 billion in 2019 and is projected to reach US$ 19.13 billion by 2027; it is expected to grow at a CAGR of 5.2% from 2020 to 2027.

The use of electronic filter is rising in communication, semiconductor, chemicals, petrochemicals, automotive manufacturing, steel industries, and among others. Moreover, they are also utilized in image processing, speech signal processing, sports hall, hospital systems, and others. Different types of filters have different applications such as FIR filter is used in audio system, adaptive filtering in signal processing, and FBAR filter in smart phone.

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Top Key Players:- Schneider Electric SE, ABB Ltd, AVX Corporation, BLOCK Transformatoren-Elektronik GmbH, Captor Corporation, CD Automation UK Ltd, CIRCUTOR, SA, Cosel Europe GmbH, Mini-Circuits, and Anritsu

5G is the next generation wireless technology that offers promising performance enhancements over the existing technologies. Some of the major countries which have already started the successful deployments of 5G include South Korea, the UK, Germany, China, and the US. China is one of the prominent countries where three major telecom operators, namely China Mobile, China Unicom, and China Telecom have already deployed 5G networks in selected cities of China.

This provides an opportunity for electronic filter manufacturers to introduce improved filter designs in order to cater the upcoming demand from increasing 5G deployments worldwide. This trend is predicted to pitch over the period offering a huge opportunity for the electronic filter market players.

The report segments the global electronic filter market as follows:

Electronic Filter Market - By Type

o Low Pass Filter
o High Pass Filter
o Band Pass Filter
o Band Stop Filter
o All Pass Filter

Electronic FilterMarket - By Application

o Power Supplies
o Audio Electronics
o Radio Communications
o Analog to Digital Conversion

Geographically, the electronic filter market has been segmented into five different regions: North America, Europe, Asia Pacific, MEA, and SAM. In 2019, the APAC region holds the highest market share and is projected to be the fastest-growing region during the forecast period. The technology and semiconductor industry are growing exponentially across APAC region. China dominated the electronic filter market in 2019 followed by Japan and South Korea.

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