Market Overview
According to the latest report by Market Research Future (MRFR), the global RF filter market is presumed to reach a substantial valuation of nearly USD 20.5 billion by 2023, at a healthy CAGR of 17.8% during the forecast period (2018-2023).
There has been a immense adoption of the internet, smartphones, and other technologies among consumers across the globe. The expansion of smart devices with interconnectivity has also increased the demand for smooth communication channels. This has led to the development of 3G and 4G/LTE networks, which, in due course, have increased the network traffic through mobile devices and resulted in increased network interference across several communication channels. Consequently, the need for RF filters has augmented due to the necessity to filter data and experience constant communication between devices. Additionally, the rising adoption of the Internet of things (IoT) and rapid penetration of the Internet across the globe for the functioning of wireless devices are expected to drive the global RF filter market during the forecast period. On the other hand, the higher cost of software to simulate the RF filter for large scale cellular applications, are hampering the growth of the global RF filter market during the assessment period.
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Key Players
Some of the key players of global RF filter market includes Skyworks Solutions Inc (US), Murata Manufacturing Co. Ltd (Japan), Qorvo (US), Broadcom (US), TDK Corporation (Japan), Avnet Inc (US), Tai-SAW Technology Co. Ltd (Taiwan), Abracon (US),Yageo (Taiwan), RTX Technology (South Korea), Bird Technologies (US), Crystek Corporation (US), and Akoustis Technologies (US).
Segmentation
According to the segmentation followed by MRFR, the global RF Filter Market is segmented based on filter type, functional areas, connectivity technology, and application.
- Based on the filter type, the RF filter market is segmented into bulk acoustic wave (BAW) and surface acoustic wave (SAW).
- On the basis of the connectivity technology, the global RF filter market is segmented into Bluetooth, cellular technology, Wi-Fi, and others. The mobile technology is categorized into 3G, 2G, and 4G.
- based on the functional type, the global RF filter market is segmented into cellular devices, television (TV) broadcast, radio broadcast, GPS devices, and others.
- based on the application, the market is segmented into small appliances, lighting, home security, industrial, remote control, and others.
Regional Analysis
Based on the region, the global RF filters market is studied for Europe, North America, Asia-Pacific, and the rest of the world.
North America is the largest region in the global RF filters market and is expected to account for the dominant market share over the forecast period. The early adoption of technological advancements established ICT industry, and constant flow of investments towards research and development activities is predictable to drive the market over the forecast period. Moreover, North American country, the U.S., one of the most developed countries across the globe, is considered one of the largest global technological hubs, which has the presence of the major tech giants. This is expected to contribute substantially towards the market growth over the review period.
Asia-Pacific region is likely to be the fastest-growing region in the RF filter market. The market is growing in APAC due to the presence of a significant number of electronic component producers in Japan, China, and South Korea and increasing adoption of LTE and VoLTE networks. Also, countries such as India have improved foreign indirect investment (FDI) limits in the telecom sectors to expand the network infrastructure in association with private sector industries.
Europe is also dominating the global RF filter market and likely to have a noteworthy market share due to fast advancement in the network infrastructure to install 5G network services in the region. Advanced and emerging countries such as Germany and the UK are observing fast development in telecommunication sectors.
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Target Audience
- Automation & control vendors
- Automation & control networking technology vendors
- Mobile Manufacturers
- Component manufacturers
- Software and solution providers
- Telecommunication Service Provider
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