ID: MRFR/SEM/6937-HCR | 111 Pages | Author: Aarti Dhapte | June 2023
Electronic Filters Market is set to grow at a CAGR of 16.25%, to hit USD 46.09 Billion by 2022-2030
$ 46.09 Billion
The global electronic filters market was valued at USD 12.7 billion in 2018; it is expected to reach USD 46.09 Billion by the end of the forecast period at a CAGR of 16.25%. An electronic filter is a frequency selective network that allows signals from within a specific frequency range to pass while blocking signals from outside the band. Filters can be active or passive, depending on the sort of elements employed in the circuit. Active filters use operational amplifiers (Op-Amps) or transistors to create a circuit. Passive filters use resistors, capacitors, and inductors to construct the circuit. The filters can be divided into two categories based on their frequency range: radio frequency filters and audio frequency filters. With the expanding use and application of smart connected devices incorporates and enterprises, such as laptops, desktops, smartphones, and tablets, the number of security concerns is also growing. Visual hacking, which is one of the most common and traditional hacking methods, is one such threat. When employees leave their corporate work environment, it allows for snooping on critical company information.
Since the emergence of COVID-19, a large portion of the workforce has been working from home, which has created a big headache for businesses all over the world in terms of data protection. In light of these circumstances, several businesses are considering extending work-from-home periods or possibly establishing a permanent structure in the next years. If you work from home for an extended period, you may see a drop in the necessity for privacy filters. Electronic filters increase the volume of some frequencies while reducing the volume of others. They can isolate key frequencies from a signal. The electronics market was increasing at a moderate rate before the COVID-19 outbreak. Electronics manufacturing has come to a halt as a result of the disease's spread. Because the most prevalent route for COVID-19 to spread is through close human contact, several e-commerce companies temporarily halted the delivery of non-essential items, particularly electronics devices, impacting sales of electronic products in general and electronic filters in particular. The drop in sales of numerous electronics items has had an impact on demand for electronic filters. Electronics sales have decreased as a result of the closure of retail stores, showrooms, hypermarkets, and supermarkets.
The growing use of smartphones, connected devices, and IoT devices, as well as increased demand for radar systems by the global military sector, the growing need for new and advanced planes for commercial and military applications, and escalating demand for software-defined radios, are driving the electronic filters market growth. During the projection period, the electronic filters market size and Electronic Filters Market Demand will be driven by an increase in the adoption of LTE networks and wireless technologies.
However, the Electronic Filters Market Opportunities dusting prediction timeframe may be limited due to a lack of technological skills. Audio equalizers and crossover networks both use electrical filters. The high maintenance costs associated with electronic filters are limiting the growth of the Electronic Filters Market. Expensive installation and maintenance expenses, rights breaches, commercial concerns, and inadequate instructional resources are all limiting factors in the Electronic Filters Market Share. The Web Filtering Market Size is expected to be stifled by the slow rate of digitization in emerging nations, which is affecting the adoption of the Global Web Filtering Market during the Electronic Filters Market Analysis.
As the number of cybercrime activities grows, the security of private data such as financial banking details, personal banking details, personally identifying information, and confidential information about the organization is at risk. The demand for BFSI security solutions has expanded tremendously as a result of these reasons, propelling the Electronic Filters Market Sales forward. An increase in regulatory standards acceptance, as well as an increase in cloud-based security solutions and expanding forms of online payments, are projected to benefit advanced security solutions in the BFSI sector, and therefore, technology has proven its usefulness in the Electronic Filters Market Demand and Electronic Filters Market Opportunities during the Electronic Filters Market Analysis.
The Electronic Filters Market Report has been bifurcated into various segments that will help the market to achieve the highest CAGR during the forecast period. The market segments are as follows:
Electronic Filters Market, By Type
Electronic Filters Market, By Application
Electronic Filters Market, By Region
Due to the increased use of LTE and VoLTE networks and the presence of a large number of electronic component makers in China, Japan, and South Korea, Asia-Pacific is likely to dominate the RF filter market during the forecast period. Because of its large market share and rapid advancement in network infrastructure to implement 5G network services in the region, the market in North America is likely to grow at a higher rate over the forecast period. The electronic filters market is likely to be dominated by the United States and Canada; furthermore, the market in Mexico is expected to rise at a steady rate over the forecast period. Increasing use of cutting-edge technologies in the healthcare and automotive sectors is likely to propel Europe to third place in the electronic filters market during the forecast period. In the next years, countries such as the United States and Canada will place a greater emphasis on enacting their data and privacy legislation. Certain states in the US have already enacted data privacy legislation, such as the California Consumer Privacy Act (CCPA). In the coming years, such trends are likely to drive businesses operating in the region to embrace more severe regulatory and privacy standards.
The global electronic filters market is made up of many global, regional, and local service providers who are constantly updating their product portfolios to strengthen their market positions. During the review period, the big companies are likely to consolidate their global footprint through mergers and acquisitions of local and regional players to broaden the reach of their solutions. Improvements in the global economic situation, combined with technological advancements in emerging economies such as India, South Africa, China, Brazil, and Argentina, are expected to drive market growth, making now an ideal time for vendors to expand the electronic filters market to previously untapped geographies and increase market share. As a result, suppliers must create new technologies and keep up with evolving technologies that could damage their product lines' market competitiveness. The major key players in the market are as follows:
Electronic Filters Market Recent Developments
Electronic Filters Market Report Overview
Electronic Filters is often known as content-control software. It's a type of program that analyses an incoming web page and determines if it should be accessible to some or all users. This method can be used to authenticate any webpage exactly and lawfully. The revenue data from leading manufacturers' websites, press releases, annual reports, and other secondary sources were collected and analyzed as part of the research methodology used to estimate and predict the web filtering market. Vendor offerings are considered when calculating market segmentation. The entire market size of the global market was computed using the bottom-up technique, based on the revenues of the top corporations. After determining the total market size, the entire market was separated into numerous segments, each of which was then validated by primary research. Data triangulation and market breakdown procedures were utilized to complete the overall market engineering process and arrive at exact numbers for all categories.
|Market Size||USD 46.09 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||ST Microelectronics (Switzerland), Anritsu (Japan), Mini-Circuits (US), Schneider Electric (France), ABB AG (Switzerland), ARTECH Group (Spain), AVX Corporation (US), Block Transformatoren Elektronik (Germany), Captor Corporation (US), CD Automation UK (UK), Circutor (Spain), Cosel Europe (Germany) DEM SpA (Italy), Analog devises Inc. (US)|
|Key Market Opportunities||Increased demand for radar systems by the global military sector|
|Key Market Drivers||
Electronic filters can be described as a frequency selective network, which passes a certain band of frequencies, in addition to blocking frequencies signals outside the band.
In March 2019, Analog devices Inc. had launched HMC882A, which is a tunable low pass filter. It is made for medical, satellite, industrial, and military applications.
audio electronics, power supplies, analog to digital conversion and radio communication, are the prime applications of electronic filters.
Increasing advancements in the network infrastructure for the deployment of 5G network services can be a major market booster in North America.
Vendors are striving to strengthen their presence in the market by adopting effective strategies like mergers and acquisition of local players, which could help expand their reach across the world.
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