Electronic Filter Market is expected to reach US$ 19.13 Bn by 2027

Electronic Filter Market to 2027 - Global Analysis by Type (Low Pass Filter, High Pass Filter, Band Pass Filter, Band Stop Filter, and All Pass Filter); Application (Power Supplies, Audio Electronics, Radio Communications, and Analog to Digital Conversion)

Asia Pacific is estimated to be the fastest growing region with a CAGR of 6.6% from 2020 to 2027.

The growing telecommunication industry along with increasing penetration of LTE networks and 5G trials worldwide are driving the demand for efficient electronic filters. The evolving technology landscape across industries and rising complexity of equipment/systems is driving electronic filter manufactures to constantly invest in research and development activities to improve their offerings and meet the changing industry demand. Communications industry, semiconductor industry, petrochemical industry, chemicals, steel, automotive manufacturing, speech signal processing, media & entertainment, image processing, and radar systems are some of the major application areas fueling the growth of electronic filter market in the coming years.

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Globally, the technological landscape across industries is evolving at an unprecedented rate with the penetration of technologies such as internet of things (IoT), industrial IoT, artificial intelligence, big data, cloud computing, and predictive analytics. Due to this, the demand for connected devices and reliable networks is rising among customers and industries. Wireless technologies such as 2G, 3G, and 4G are already well established across the globe. With increasing complexity of electronic systems and integration of advanced technologies, there is a growing demand for enhanced network capacity, latency, and coverage such as 5G. APAC held the largest share of the electronic filter market in 2019 and is expected to continue its dominance during the forecast period. North America and Europe held the second and third position respectively in the global electronic filter market in 2019.

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

Electronic filters are widely used in radios, receivers, transmitters, telephone systems, audio systems, and others. Some of the common industries where these filters are employed include electronic products, medical, industrial, research & development, military, and aerospace among others. The simple structure, high reliability, and low cost are some of the common advantages of electronic filters which make them an ideal solution for eliminating unwanted frequencies and noise in audio electronics and radio communications applications. Low pass filters are the most commonly used electronic filters. The growing telecommunications industry worldwide with increasing penetration of LTE networks and 5G trials is driving the demand for efficient electronic filters. The above-mentioned factors would support towards the growth of electronic filter market.

Key findings of the study:
The positive growth outlook of industrial development in emerging regions such as APAC, South America, and MEA is anticipated to drive the future demand of electronic filters during the forecast period. APAC held the largest share of the market; and North America & Europe held the second and third position respectively in 2019. The positive outlook of media & entertainment, telecommunication industry development, and increase in sales of electronics & semiconductor products are the some of the prominent factors responsible for the growth of electronic filter market in developed regions such as North America and Europe.

Electronic Filter Market - By Type
Low Pass Filter
High Pass Filter
Band Pass Filter
Band Stop Filter
All Pass Filter

Electronic Filter Market - By Application
Power Supplies
Audio Electronics
Radio Communications
Analog to Digital Conversion

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The global electronic filter market is anticipated to witness impressive growth during the forecast period. The low pass filter segment held the largest share in 2019; whereas, band pass filter is expected to be the fastest growing type of electronic filter worldwide during the forecast period. On the other hand, based on application, the audio electronics segment led the electronic filter market in 2019; whereas, radio communications is expected to grow at a high CAGR value during the forecast period.

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This release was published on openPR.