Global Electronic Filter Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~5.7% during forecast period.
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Electronic filters are most common type of signal processing filter in the form of electrical circuits, which is used to remove some unnecessary features or components from a signal. Electronic filters are four-terminal devices which are used to transmit electrical signals between the source and load in a given frequency range.
Growing telecommunication industry across the globe and surge in the demand for wireless technologies are major driving factors behind the growth of market. Rising use of LTE networks, growing requirement of electronic filters in electronics and semiconductor industry, increasing production of electronics products, high adoption of electronic filters in radio communication devices, audio recording, television, music synthesis, radar, image processing, control systems and computer graphics are expected to improve the growth of market during forecast period.
Furthermore, growing technological advancements such as internet of things, artificial intelligence, autonomous driving, 5G, augmented & virtual reality, cloud computing and their uses in electronic products such as in audio electronic products and Smartphone are ultimately propelling the growth of market.
However, high initial cost and limited signal bandwidth of electronic filters are major restraining factors that could hamper the growth of market. Also lack of technically skilled expertise could hinder the growth of market.
Global Electronic Filter Market: Segmentation Analysis
By type, low pass filter dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. A low-pass filter transfers frequencies lower than a specific cut-off frequency range and blocks out frequencies higher than cut-off range; generally it includes an inductor in series with a capacitor shunted across the load to short out high-frequency current. Low pass filters are widely used in the audio amplifiers, equalizers or speaker systems, which is ultimately propelling the growth of market.
By application, radios communication and audio electronics segments dominated the market in 2019 and are projected to witness fast growth at CAGR of XX% during forecast period. The growth is attributed to the growing market for media and entertainment industry across the globe. In radio communication applications electronics filters allow radio receivers to only observe the required signal while rejecting all other signals. In audio electronics electronic filters are used to eliminate the unwanted noise from the audio signal and to improve audio quality of the output audio. In audio electronics these filters are widely used in the audio products such as microphone, speakers and other audio hardware devices which results into the growth of market.
Global Electronic Filter Market: Regional Analysis
Region wise, Asia pacific held largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The developing economies such as China, India and Japan are major key contributors behind the growth of market. China held the largest market share in APAC region. The growth is attributed to the well established electronics, semiconductor and telecommunication industry across the region. Also massive presence of electronic product manufacturing companies across the region is driving the growth of market.
Growing adoption of LTE and VoLTE networks and rising adoption of advanced technologies such as IoT, cloud computing and virtual reality are further propelling the growth of market across the region.
The objective of the report is to present a comprehensive analysis of the Global Electronic Filter Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Electronic Filter Market dynamics, structure by analyzing the market segments and projects the Global Electronic Filter Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Electronic Filter Market make the report investor’s guide.
The Scope of Global Electronic Filter Market
Global Electronic Filter Market, By Type
• Low Pass Filter
• High Pass Filter
• Band Pass Filter
• Band Stop Filter
• All Pass Filter
Global Electronic Filter Market, By Application
• Power Supplies
• Audio Electronics
• Radio Communications
• Analog to Digital Conversion
Global Electronic Filter Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Electronic Filter Market, Key Players
• ABB Ltd
• Anritsu Corporation
• AVX Corporation
• BLOCK Transformatoren-Elektronik GmbH
• Captor Corporation
• CD Automation UK Ltd
• CIRCUTOR, SA
• Cosel Europe GmbH
• Schneider Electric SE
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