Electronic Filters Market Expected to Grow at a CAGR of 15% up to 2025 | Regional Analysis, Key Players, Industry Segments and Competitors Strategy
Research Reports
Jan 20, 2021
Market Research Future published a research report on “Electronic Filters Market Research Report- Forecast 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
As per Market Research Future (MRFR), the global electronic filters market had a valuation of USD 12.7 billion in 2018 and is expected to reach USD 18.9 billion with a CAGR of 15.0% from 2019 to 2025 (forecast period). The report addresses and examines the implications of the outbreak of COVID-19 on the global electronic filters market, including future opportunities and challenges, drivers, and risks.
An electronic filter is a frequency selective network that passes a specific band of frequencies and blocks signals of frequencies outside the band. Based on the type of elements used in the circuit construction, the filter can be active or passive. Active filters build a circuit with the aid of operational amplifiers (Op-Amp) or transistors. Passive filters build the circuit with the aid of resisters, capacitors, and inductors. Filters can be divided into radio frequency filters and audio frequency filters, depending on the frequency range.
Market Dynamics
Increased use of LTE networks and increased use of wireless technologies to boost the market for electronic filters during the forecast period. However, the lack of technical expertise of the cab is limiting the market growth. Electronic Filters are used primarily in audio equalizers and crossover networks. DEM SpA is an electronic filter manufacturer offering various types of electronic filters, such as cable capacitive inductive filters, PLCFl cable capacitive filters, FLCP capacitive inductive filters, and FLCH capacitive inductive filters, among others.
COVID-19 Impact on the Global Electronic Filters Market
Electronic filters boost certain frequencies while attenuating other unwanted frequencies. They are capable of extracting essential signal frequencies. Before the outbreak of COVID-19, the electronics industry was rising at a moderate level. Since the outbreak of this disease, electronics production facilities have been halted. Since close contact between humans is the most common way COVID-19 spreads, numerous e-commerce companies have temporarily discontinued the distribution of non-essential products consisting mostly of electronic products, affecting the sales of electronic products in general and of components such as electronic filters in particular. The market for electronic filters has been affected by the decline in sales of different electronic products. The shutdown of retail stores, showrooms, hypermarkets, and supermarkets has led to a fall in the sales of electronics products.
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Market Segmentation
The global market for electronic filters has been segmented based on type and application.
By type, the global electronic filters market has been segmented into low pass filter, band reject filter, high pass filter, bandpass filter, and all-pass filter.
By application, the global electronic filters market has been segmented into power supplies, audio electronics, radio communication, and analog to digital conversion.
Regional Analysis
By region, the global electronic filters market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
The market in the Asia Pacific is expected to dominate the RF filters market during the assessment period due to the increasing adoption of LTE and VoLTE networks and the presence of a large number of electronic component manufacturers in China, Japan, and South Korea. The market in North America is expected to develop faster during the forecast period due to substantial market share and rapid developments in network infrastructure for the rollout of 5G network services in the region. The US and Canada are expected to dominate the market for electronic filters; in addition, the market in Mexico is expected to expand at a steady pace during the forecast period. Europe is expected to remain third in the market for electronic filters during the forecast period due to the growing adoption of the latest technologies in the healthcare and automotive sectors.
Key Players
Notable players in the global electronic filters market are ST Microelectronics (Switzerland), Anritsu (Japan), Mini-Circuits (US), Schneider Electric (France), ABB AG (Switzerland), ARTECH Group (Spain), AVX Corporation (US), Block TransformatorenElektronik (Germany), Captor Corporation (US), CD Automation UK (UK), Circutor (Spain), Cosel Europe (Germany), DEM SpA (Italy), and Analog Devices Inc. (US), among others.
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