RF Filter Market 2022
Almost every industry vertical looks for sensors. Smartphones do incorporate sensors like ambient light sensor, accelerometer, temperature sensors, gyroscopes, and proximity sensors for keeping a track on the parameters. The sensors market is growing on an unabated note in IT & telecom, automotive, consumer electronics vertical and the trend is expected to continue even going forward.
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Surging Growth in RF Filter Sales Likely to Translate into a 25 Billion Market, Foresees Persistence Market Research
Growth of RF filter market is largely influenced by several industry-specific factors including rising demand for satellite phones and increasing penetration of smartphones worldwide. With an upswing in digitization, the semiconductor scenario has drastically changed, paving significant pathways of growth for RF filter, according to the report. Persistence Market Research forecasts the RF filter market to grow at a stellar value CAGR of 17.3% during the period of forecast, 2018-2026. RF filter sales are estimated to touch a value of around US$ 25 Bn by the end of the period of assessment.
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5G on the Go – Trend Fueling Sales of RF Filter
5G has witnessed noteworthy acceleration since the past few months on the back of rising demand for high bandwidth from internet users worldwide. This has translated into increasing 5G field trials and deployments as service providers are sprinting to provide high speeds and next generation services to subscribers. Against this backdrop, semiconductor manufacturers are investing in developing their offerings for 5G-capable infrastructure. Manufacturing of 5G chips is expected to create potential opportunities for manufacturers of RF filter in the coming years, in turn pushing the growth of the RF filter market. This factor is expected to accelerate the use of RF filter in mobile phone communications, making it an attractive application area that RF filter manufacturers can leverage to gain profitability.
RF Filter Demand from Aerospace Industry to Push Global Sales
Use of RF filter technology in aircraft such as Boeing and Airbus, for enhancing electronic surveillance, RADAR systems, navigation, GPS, Air Traffic Control (ATC) and data exchange is expected to auger well for the growth of the RF filter market. Moreover, rising demand for improved conversations between ground staff and pilots has fueled the sales of RF filter technology in the aerospace sector at a substantial rate.
China Likely to Emerge as a Lucrative Regional Market for RF Filter Manufacturers
Developed economies of North America, particularly the United States, have showcased higher adoption of RF filters since the past few years. According to the report, sales of RF filter in North America are projected to swell at a significant pace, making North America a highly lucrative market for RF filter. On the other hand, sales of RF filter in China and Japan are expected to soar at a high rate, with China at the forefront. Growing demand for RF filter in China can be attributed to the increasing shipments of smartphones in the country coupled with rising purchasing power parity of the Chinese people. Manufacturers of RF filter can expect a steady stream of opportunities from China and the United States in the years to follow.
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Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
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