New York, Sept. 25, 2023 (GLOBE NEWSWIRE) -- As per the research report “Global RF Filter Market” published by Consegic Business Intelligence, the market was worth USD 11.73 Billion in 2022 and is projected to grow by USD 13.27 Billion in 2023. In addition, the market is anticipated to reach over USD 45.66 Billion by the year 2031, growing at a CAGR of 16.70%.
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Radiofrequency (RF) filters are passive devices that selectively pass or attenuate signals in a particular frequency range. In addition, RF filters are used in a wide variety of applications, including wireless communication, radar, and medical imaging. RF filters are manufactured of inductors, capacitors, and resistors, which are arranged in a specific way to create a resonant circuit. The resonant frequency of the circuit determines the frequency range that the filter passes. For instance, in the case of low-pass filters, the signals are allowed to pass through a cutoff frequency level and then attenuated to pass through at the desired frequency level.
| Report Attributes | Report Details |
| Market Size By 2031 | USD 45.66 Billion |
| Forecast Period | 2023-2031 |
| CAGR (2023-2031) | 16.70% |
| Base Year | 2022 |
| Study Timeline | 2017-2031 |
| Key Players | Qorvo Inc., Anatech Electronics Inc., Crystek Corp., Avnet Inc., Skyworks Solutions Inc., Qualcomm Inc., Broadcom Inc., CTS Corp., Analog Devices Inc., Kyocera Corp., Murata Manufacturing Co. Ltd., TDK Corp., Tai SAW Technology Co. Ltd., RS Microwave Co. Inc. |
| By Type | Lowpass Filter (LPF), Highpass Filter (HPF), Bandpass Filter (BPF), and Bandstop Filter (BSF) |
| By Application | Mobile Phone Communication, Radio Broadcast, Satellite Communication, TV Broadcast, Navigation, Others |
| Report Coverage | Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more |
| By Region | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
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RF Filter Market Growth Drivers:
- Growing demand for wireless devices is driving the market growth for RF filters
- Ongoing update in telecommunication sector is propelling the market growth for RF filters
Restraints
- Stringent regulations associated with RF filters installations and its application is restraining the market growth
Opportunities
- Development of new technology associated with RF filters is expected to provide market growth opportunity
Global RF Filter Market Segmentation Details:
Based on Type, bandpass filter segment contributed the largest shares to the market growth in 2022. The key factors attributing to the growth of the segment are due to the advantage offered by BSFs including their ability to reject signals within a specified frequency band and pass signals outside of the band. BSFs are commonly used to remove interference from a signal, to protect circuits from damage caused by unwanted frequencies, and to improve the signal-to-noise ratio of a signal. Moreover, the segment is also projected to grow with the fastest CAGR during the forecast period due to their versatility and the increasing utilization of RF signals in a wide range of applications, such as wireless communications, radar, and medical imaging.
Based on Application, mobile phone communication by application of RF Filter segment contributed the largest shares to the market growth in 2022. Owing to the demand for RF filters in telecommunication sectors, the segment is also expected to grow in the future due to the increasing use of wireless devices and the development of new wireless technologies, such as 5G. Mobile phones are the most commonly used wireless devices and have a variety of RF filters to select the desired signal from the varied signals available in the nearby area. In addition, the demand for RF filters in the mobile phone communication sector is expected to grow as the number of mobile phone users will continue to increase during the forecast period.
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Based on region, North America region accounted for the largest revenue share in the year 2022. The adoption of RF filters in North America is primarily driven by factors including the development of new technologies, adoption of 5G networks, increasing demand for wireless devices, and among others. North America has a well-developed and robust communication infrastructure, which provides a foundation for the adoption of RF filters. The existing infrastructure is readily suitable for upgrading to accommodate RF filters coupled with the presence of key players including Murata Manufacturing, Qorvo, and Analog Devices. In addition, the North American regulatory environment is supportive of the adoption of RF filters to ensure the safety and reliability of RF filters tends to be driving the market growth.
Recent Developments
• In April 2023, Soitec and SAWNICS announced to initiate the development process for design kit (PDK) to accelerate high-performance RF filter design for 5g smartphones.
Key Market Highlights
- Globally, the RF filter market is divided based on the type into Lowpass Filter (LPF), Highpass Filter (HPF), Bandpass Filter (BPF), and Bandstop Filter (BSF).
- On the basis of application, RF filter market is categorized into metallurgical process plants, environmental control instruments, pharmaceutical manufacturing, food and food processing, sewage treatment plants, quality control systems, and others.
- The market is geographically divided into five regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
- Asia Pacific is estimated to support the market growth during the forecast period in terms of the adoption of the latest technology combined with expenditures on advancements in infrastructure.
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List of Major Global RF Filter Market Players
The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment —
- Qorvo Inc.
- Anatech Electronics Inc.
- Crystek Corp.
- Avnet Inc.
- Skyworks Solutions Inc.
- Qualcomm Inc.
- Broadcom Inc.
- CTS Corp.
- Analog Devices Inc.
- Kyocera Corp.
- Murata Manufacturing Co. Ltd.
- TDK Corp.
- Tai SAW Technology Co. Ltd.
- RS Microwave Co. Inc.
Global RF Filter Market Segmentation:
- By Type
- Lowpass Filter (LPF)
- Highpass Filter (HPF)
- Bandpass Filter (BPF)
- Bandstop Filter (BSF)
- By Application
- Mobile Phone Communication
- Radio Broadcast
- Satellite Communication
- TV Broadcast
- Navigation
- Others
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Key Questions Covered in the RF Filter Market Report
- What is RF Filter?
- Radiofrequency (RF) filters are passive devices that selectively pass or attenuate signals in a particular frequency range. In addition, RF filters are used in a wide variety of applications, including wireless communication, radar, and medical imaging. RF filters are manufactured of inductors, capacitors, and resistors, which are arranged in a specific way to create a resonant circuit.
- What is the dominating segment in the RF Filter market by application?
- In 2022, the mobile phone communication segment in application is accounted for the highest market share in the overall RF filter market.
- Based on current market trends and future predictions, which geographical region will have the largest impact on RF Filter growth in the coming years?
- North America accounted for the largest revenue share in the year 2022. The increasing demand for RF filter from multiple industries including automotive, telecommunication, among others is driving the growth of the regional market.
- Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2031?
- Asia-Pacific is anticipated to register the fastest CAGR during the forecast period due to rapid growth in telecommunication infrastructure in the region.
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