RF Tunable Filter Market Size to Grow at a CAGR of 9.9% During the Forecast Period 2021-2026
Rapid Growth and Expansion of Wireless Sector, Increased Usage of Smartphone, Rising Demand for Smart Tvs, Laptops, Connecting Devices and Consumer Electronics Are the Major Factors Driving the RF Tunable Filter Market
Hyderabad, India – July 20, 2021 /MarketersMedia/ —
The global RF Tunable Filter Market is estimated to surpass $148.1 million mark by 2026 growing at an estimated CAGR of more than 9.9% during the forecast period 2021 to 2026. RF (radio frequencies) tunable filter is designed to operate on signals in megahertz to gigahertz frequency ranges which acts as the most important component of wireless system. RF Tunable Filters market is estimated to witness substantial growth over the forecast period primarily due to the growing demand in the usage of Smartphones, IoT, radar systems in military, rising demand for smart TVs, laptops, connecting devices and consumer electronics. Increasing needs for advanced planes for both commercial and military purpose is also projected to drive market growth.
RF Tunable Filter Market Segment Analysis – By Type
The market is segmented based on types are Band Pass Filter and Band Reject Filter. Band Reject filter is expected to grow at the fastest rate of 11.1% CAGR in the forecasted period. Band reject filters are specially used in various communication devices for the clear communication mainly used in public address systems and speaker systems for ensuring good quality audio and they work as a noise reducer, They are also used in healthcare for the machines like the electrocardiogram (ECG) machine which incorporate the use of reject filters for hassle free operations.
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RF Tunable Filter Market Segment Analysis – By End User Industry
Based on the End user industry the market is segmented into Aerospace & Defense, Smart Cities, Transportation, Energy & Power, Mining, Healthcare, and Entertainment & Media. Defence applications require surveillance & communication systems with electromagnetic capability, nuclear survivability. RF tunable filters are suitable for harsh environmental conditions and are widely used in military communications systems and surveillance platforms thus driving the aerospace and defense market at 7.5% CAGR through 2026.
RF Tunable Filter Market Segment Analysis – By Geography
RF Tunable Filter market is dominated by North America and is expected to have substantial growth in the forecasted period at 7.5% CAGR through 2026. Increased expenditure on defense-related equipment, rapid commercialization of 5G networks, up surge in demand for communication devices such as smartphones, tablets, and Voice over IP (VoIP) equipment, and expanding data center capacity are contributing to the growth of the RF tunable filter market in the region. Increased usage of Smartphones, connecting devices in developing nations of APAC such as China, India and South East Asia is expected to be major factor for growth of RF tunable filter.
RF Tunable Filter Market Drivers
Improved technical advancement in wireless sector
The rapid growth and expansion of wireless sector, increased usage of smartphone, rising demand for smart TVs, laptops, connecting devices and consumer electronics are the major factors driving the RF tunable filter market. Increased demand for radar system and software-defined radios for military communication equipment is driving increased investment for the research in RF tunable filters in order to enhance the next-generation transceiver for wireless applications.
Expanding Telecom and Mobile Applications
Globally increasing penetration of mobile devices and expanding telecom network in the developing economies is expected to drive the demand for the RF tunable filters, however fast changing technologies and adoption of newer technologies in the recent time is expected to remain as key restraining factor during the forecast period.
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RF Tunable Filter Market Challenges
Huge initial investment
RF Tunable Filters have many advantages but they lag behind in high capital investment which hinders the market growth. Increase in the complexity of modern technology, growing requirements including light weight, higher performance, wide tuning range, unique design, lower cost are projected to challenge the RF tunable filter market coupled with the shrinking size of electronic devices.
RF Tunable Filter Market Landscape
Companies such as Analog Devices, Dover, EXFO, The LGL Group, Netcom, Inc., Telonic Berkeley, DiCon, Fiberoptics, RF Products Inc., Coleman Microwave Company, Thorlabs, Smiths Interconnect are some key players in the market.
Acquisitions/Technology Launches/Partnerships
In December, 2020, Menlo Micro announced MM6005 High – Power RF filter launch. This targets global UHF military bands. It has improved the size, weight and power performance of RF front end.
Key Takeaways
The RF Tunable Filter market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for adoption of advancement in the technologies like IoT, Radar systems in Military and consumer electronics like Smartphones, Laptops, PC, Tablets and others.
Defence and Military is one of the major driving sectors for the growth of the RF Tunable Filter market. Advanced Radar Systems, surveillance, Nuclear survivability account for significant share of RF Tunable filter adoption.
RF Tunable Filter market is dominated by North America and is expected to hold highest market share during the forecast period, 2021-2026.
Increased usage of Smartphones, connecting devices in developing nations of APAC such as China, India is expected to be major factor for growth of RF tunable filter.
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https://www.industryarc.com/Report/15806/radio-frequency-components-market.html
B. Liquid Crystal Tunable Filters Market
https://www.industryarc.com/Research/Liquid-Crystal-Tunable-Filters-Market-Research-510991
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