Market Analysis
RF Filters Market Size was valued at USD 12.1 billion in 2022. The RF Filters market industry is projected to grow from USD 14.06 Billion in 2023 to USD 34.61 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.20% during the forecast period (2023 - 2030). Radio frequency (RF) filters are essential in the communication industry. While transmitting and receiving data across a communication channel, RF filters aid in eliminating interference generated by white noise. RF filters are commonly employed in functional fields such as radio, television broadcasting, and wireless communication, where a range of medium to high frequencies is necessary for proper, error-free, and reliable communication from one end to the other. Furthermore, RF filters are classified into four types based on their application areas: low-pass, high-pass, band-pass, and band-reject filters.
Telecommunications sectors in both advanced and emerging countries are rapidly developing. In addition, countries such as India have increased foreign direct investment (FDI) limitations in the telecom sector in collaboration with private enterprises in order to expand network infrastructure. This has resulted in the expansion of 3G and 4G/LTE networks, which has increased network traffic via mobile devices and increased network interference across communication channels. As a result of the need to filter data and experience seamless communication between devices, the demand for RF filters has skyrocketed. Furthermore, increased Internet of Things (IoT) usage and rapid Internet penetration across the globe to operate wireless devices are expected to drive the RF market during the forecast period. The high cost of software to simulate the RF filter for large-scale mobile applications, on the other hand, is impeding the growth of the RF filter market throughout the assessment period.
Summary
The global RF filter market is set to reach approximately USD 20.5 billion at a CAGR of 17.8% from 2018-2023 (forecast period). Radio frequency (RF) filters are extremely important in the communication industry. RF filters aid in the elimination of interference caused by white noise while transmitting and receiving data over a communication channel. RF filters are commonly employed in functional fields such as radio, television broadcast, and wireless communication, where a range of medium to high frequencies is necessary to ensure proper, error-free, and reliable communication from one end to the other. Furthermore, RF filters are classified technically based on their application areas, such as low-pass, high-pass, band-pass, and band-reject filters.
Key Players
Some of the key players of the global RF filters market include 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).
COVID-19 Impact on the Global RF Filter Market
COVID-19 is an incomparable global public health emergency that has impacted almost every sector, with long-term consequences anticipated to affect industry development over the forecast period.
Market Segmentation
The global RF filter market has been segmented into filter type, connectivity technology, functional areas, and application.
Based on the filter type, the global RF filter market has been segmented into surface acoustic wave (SAW) and bulk acoustic wave (BAW).
Based on the connectivity technology, the global RF filter market has been classified into cellular technology, Wi-Fi, Bluetooth, and others.
Based on functional type, the global RF filter market has been categorized into cellular devices, GPS devices, radio broadcast, television (TV) broadcast, and others.
Based on application, the global RF filter market has been categorized into lighting, small appliances, home security, remote control, industrial, and others.
Regional Analysis
The geographical analysis of the global RF filters market is studied for North America, Europe, Asia Pacific and the rest of the world.
The Asia Pacific region is predicted to develop at the quickest rate in the RF filter market. The market is expanding due to the presence of several electronic component manufacturers in China, Japan, and South Korea, as well as the increasing adoption of LTE and VoLTE networks. North America dominates the worldwide RF filter market and is expected to have a considerable market share due to rapid advancements in network infrastructure in the region for the deployment of 5G network services.
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