RF Filters Market Research Report – Forecast to 2027

RF Filters Market Research Report Information By Filter-type (SAW, BAW), Connectivity Technology (Cellular, Wi-Fi, Bluetooth), Functional Type (Cellular Devices, GPS devices, Radio Broadcast, TV Broadcast) and by Application — Forecast till 2027

ID: MRFR/SEM/5068-HCR | February 2021 | Region: Global | 100 pages

RF Filters Market Overview


The RF filters market was valued at USD 7.3 billion in 2017, and it is expected to grow at a higher CAGR of 17.8% in the global market during the forecasted period to account for a higher market share value of approximately USD 20.5 billion by the end of the forecasted period (2018-2023).


The radiofrequency (RF) filters are largely used in the communication sector for eliminating the interventions produced by white noise while receiving and transmitting data via different channels. These filters are commonly used in operational areas such as wireless communication, television broadcast, and radio operated with different ranges of frequency from medium to high. This is done so for having reliable, error-less, and proper one end to other end communication. It is categorized into band-reject filters, band-pass filters, high-pass filters, and low-pass filters.


RF filter market


Source: Expert interviews, Secondary Sources, whitepapers, Blogs, Company Websites, and MRFR Analysis


COVID 19 Analysis


The global pandemic of COVID 19 has affected a major chunk of the population. Many people have lost their livelihood because of this global pandemic. It has affected the dynamics and growth of several industries. Everyone is concerned about their immunity and follows social distancing. During the lockdown situation, operational activities of various end-user industries were halted which resulted in demand shrink for the RF filters market which further leads to decreased sales revenue. The supply chain networks were also disrupted which lead to a decline in profit margin.


However, the RF filters robotics market is expected to recover from this global pandemic by the end of the third quarter of the coming year by properly strategizing according to the needs of the market.


RF Filters Market Dynamics


Drivers


Numerous factors drive the market growth rate. The increasing demand and need to filter data for enhancing the seamless communication experience between two devices drive the market demand in the global market during the forecasted period. Moreover, increasing adoption and dependence on the Internet of things (IoT) by various end-user industries create more market demand all across the globe. Additionally, increasing penetration of the internet to operate wireless devices all across the globe fuels the market demand during the review period.


Opportunities


The rise in the demand for RF filters market in the global market. The development of 3G and 4G networks in almost all the region of the globe creates various growth opportunities in the global market during the forecasted period. Moreover, the introduction of the 5G network is also expected to create growth opportunities in the global market. Increasing foreign direct investment in emerging countries like India in the telecom sector also provides growth opportunities as seamless communication is required.


Restraints


Though the RF filters market is increasing tremendously in the global market, some factors restrict its growth. One of the restraining factors is the presence of limited signal bandwidth. Moreover, the high initial cost involved in setting up RF filters is another factor that hoers the market growth all across the globe as many underdeveloped countries can’t afford this facility. Additionally, the software required for stimulation is very expensive which also restricts the market growth rate.


Value Chain Analysis


The RF filters market is increasing at an incredible rate globally due to various benefits associated with it. These filters are used in various end-user industries like in broadcast receivers, in radio receivers to reject the image frequencies. Moreover, it is very easily accessible over the entire structure. Increasing investment is done by various market players also drives the market demand in the global market. Increasing integration of various connectorless and connectors modules.


RF Filters Market Segmentation


The RF filters market has been segregated all across the globe based on filter type, functional areas, connectivity technology, and applications.


Based on the Filter Type


The market has been divided all across the globe based on the filter type into bulk acoustic wave (BAW) and surface acoustic wave (SAW).


Based on the Functional Areas


The market has been divided all across the globe based on the functional areas into television (TV) broadcast, radio broadcast, GPS devices, cellular devices, and many others.


Based on the Connectivity Technology


The market has been divided all across the globe based on the connectivity technology into Wi-Fi, Bluetooth, cellular devices, and others. The cellular devices market segment is further sub-divided into 4G, 3G, and 2G.


Based on the Applications


The market has been divided all across the globe based on the application into industrial, remote control, home security, small appliances, lighting, and many others.


RF Filters Market Regional Analysis


The RF filters market has been divided all across the globe based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. Being the fastest-growing region, the largest market share in the RF filters market all across the globe is held by the Asia-Pacific region. Also, the presence of countries’ most prominent major key players in countries like South Korea, Japan, and China drives the market demand in this region during the review period. Increasing adoption of VoLTE and LTE networks also drives the market demand.


The second-largest market share in the RF filter market all across the globe is held by the North American region owing to the increasing adoption of RF filters in various end-user applications. Also increasing advancement in network infrastructure coupled with the deployment of 5G network services drives the market demand in this region.


The third-largest market share in the RF filter market all across the globe is held by the European region as it witnesses rapid growth during the review period. Moreover, increasing demand for smart grids and well-established technology infrastructure drives the market demand. Additionally, increasing personal disposable income is another contributing factor that drives the market demand.


The least market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.


Competitive Landscape


The most prominent major key players in the RF filter market all across the globe are mentioned below:



  • Akoustis Technologies (US)

  • Crystel Corporation (US)

  • Bird Technologies (US)

  • RTX Technology (South Korea)

  • Yageo (Taiwan)

  • Tai-SAW Technology Co. Ltd (Taiwan)

  • Avnet Inc. (US)

  • TDK Corporation (Japan)

  • Broadcom (US)

  • Qorvo (US)

  • Murata Manufacturers Co. Ltd (Japan)

  • Skyworks Solutions Inc. (US)


These major key players use various strategies to sustain their market position in the RF filters market in the global market by going for mergers, and acquisitions, by collaborating, establishing a partnership, developing a new production process, setting up a new joint venture, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the RF filters all across the globe.


Recent Developments



  • In October 2018, 5G filter technology XBAR has been launched by one of the most recognized providers of RF front-ends for wireless devices namely Resonant Inc. Launch of this new technology is cost-effective and it is expected to become the first filter technology for 5G networks.

  • In January 2018, a monitoring solution for fiber-based front haul networks, and scalable remote access namely SkyRAN has been launched by EXFO. This product provides RF spectrum, 24/7 monitoring, on-demand testing, and others.

  • All the major key players are highly investing in mergers and acquisitions, new product launches, and joint ventures.

  • TDK Corporation (Japan) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales


Report Overview


This global RF filters market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This market research report contains factors that drive the growth of the RF filters market in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth in the RF filters market during the forecasted period are mentioned. The impact of COVID 19 on the RF filters market all across the globe is mentioned. The future growth rate in the RF filters market during the forecasted period is estimated and mentioned.


Intended Audience


Telecommunication service providers, software and solution providers, component manufacturers, mobile manufacturers, automation and control networking technology vendors, automation and control vendors, and many others.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 20.5 Billion
  CAGR   17.8%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Filter-type, Connectivity Technology, Functional Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Skyworks Solutions Inc (US), Murata Manufacturing Co. Ltd (Japan), Qorvo (US), Broadcom (US), TDK Corporation (Japan), Avnet Inc (US), Tai-SAW Technology Co. Ltd (Taiwan), Abracon (US),Yageo (Taiwan), RTX Technology (South Korea), Bird Technologies (US), Crystek Corporation (US), and Akoustis Technologies (US)
  Key Market Opportunities   The development of the networks of 3G and 4G/LTE.
  Key Market Drivers

  • The need for RF filters has increased owing to the need to filter data and experience seamless communication between devices.
  • Rising adoption of the Internet of things (IoT).
  • Rapid Internet penetration across the globe to operate wireless devices.


  • Frequently Asked Questions (FAQ) :


    The rapid growth in the telecommunication sectors is expected to guide the development of the market.

    The segments in the market are as follows filter type, connectivity technology, functional areas, and application.

    The strong holding of the RF filters in the APAC region is pushing the development of the region to the top in the forecast period.

    Broadcom (US), TDK Corporation (Japan), Avnet Inc (US), Abracon (US), Qorvo (US), Tai-SAW Technology Co. Ltd (Taiwan) are vying for the top position in the market.

    The income-generating potential of the market is expected to jump from USD 7.3 billion in 2017 to USD 20.5 billion by the year 2023.