Electronic filters are signal processing filters used in blocking signals of a certain wavelength or frequency. They are present as electrical circuits and exist as part of an integrated circuit. The global electronic filters market report by Market Research Future (MRFR) covers trends, opportunities, and challenges to be faced by industry leaders over the forecast period (2020-2027). The COVID-19 pandemic has also been considered to arrive at approximate projections for growth and revenue.
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Market Scope
The global electronic filters market size can reach USD 18.9 billion by 2025. It is touted to display 15% CAGR over the forecast period.
The market is driven by the use of filters in telecommunications and semiconductor industries. Rising demand for connected goods and electronic items can provide huge potential for the market. Advanced technologies such as augmented and virtual reality, 5G, cloud computing, and autonomous driving can be lucrative for market expansion ideas. Electronic component manufacturers are increasing their production capacity to increase their share in the electronic filters market.
The industry 4.0 is expected to provide an abundance of opportunities for the market with various component manufacturers. The need for filters to prevent electromagnetic interference on factory floors can drive market demand significantly. Standards established by regulatory agencies for defining limits for emission and electromagnetic immunity can favor the market. Lastly, the demand for RF filters in the aerospace industry for increasing electronic surveillance and encourage data between components can bolster market growth.
Competitive Analysis
Mini-Circuits, ST Microelectronics, Block TransformatorenElektronik, Circutor, Anritsu, Cosel Europe, DEM SpA, Schneider Electric, ABB AG, Analog Devices Inc., Captor Corporation, CD Automation UK, ARTECH Group, AVX Corporation, and others are key players in the global electronic filters market. Mergers and acquisitions are the primary strategy adapted by players to gain the edge in the competition.
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COVID-19 Impact
The COVID-19 pandemic negatively affected the electronic filters market owing to a deficit in demand and supply of raw materials. The imposition of lockdown in various countries and restrictions on sale of non-essential items affected the market growth. The huge gap in attaining raw materials from China, factory shutdowns, and limited movement in logistics companies all played a role in the declining demand of electronic filters.
Segmentation
Low Pass Filters Demand to Soar
Low pass filters are expected to hold the largest market share owing to enabling low frequency signals. They are used in suppressing the harmonics of a RF amplifier. Assistance in avoiding interferences at specific frequencies can drive its application in electronic circuits and audio equipment.
Audio Electronics to Spearhead Market Demand
The audio electronics segment is expected to lead the market owing to the large scope of audio equipment such as headphones and speakers. Huge demand of filters for protecting sensitive wave paths can drive the demand in the segment.
Regional Analysis
Asia-Pacific Set to Rule Global Market Revenues
APAC is expected to dominate the global electronic filters market owing to rising adoption of latest communication networking technologies. Emergence of LTE and VoLTE combined with presence of key electronic component manufacturers in South Korea, China, Japan, and India can drive the regional market growth. Utilization of filters in audio equipment, signal processing, and smartphones can be drive up revenues of the market over the forecast period.
Industry News
Qualcomm has launched electronic RF filters on the back of 5G modems for filtering radio signals in 5G phones.
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