Market Research Future (MRFR) will be publishing a cooked research report on the “Global RF Filter Market” that contains the information from 2020 to 2027.
MRFR recognizes the following companies as the key players in the global RF Filter market: YAGEO Group (Taiwan), RTx Technology Co., Ltd(Korea), Bird (US), Crystek Corporation (US), Akoustis (US), TDK Corporation (Japan), Avnet, Inc. (US), TAI-SAW TECHNOLOGY CO., LTD. (Taiwan), Abracon (US), Skyworks Solutions, Inc. (US), Murata Manufacturing Co., Ltd. (Murata Manufacturing) (Japan), and Qorvo, Inc (US).
COVID-19 Impact Analysis
With the emergence of the COVID-19 pandemic, device manufacturers are dealing with declined demand from various end-use segments. China is one of the largest exporters of smart devices such as smartphones, USB flash drives, digital cameras, and media players. The country holds an almost 50% share in the exports of software and hardware devices. Hence, the IT sector is expected to witness severe disruptions in the coming few months due to the spread of COVID-19.
Segment Analysis
The Global RF Filter Market has been segmented on the basis of filter type, connectivity technology, functional type, application, and region.
The Global RF Filter Market, based on filter type, has been segmented into SAW (surface acoustic wave) and BAW (bulk acoustic wave).
The Global RF Filter Market, based on connectivity technology has been segmented into cellular, WI-FI, Bluetooth, and Others.
The Global RF Filter Market, based on function type, has been segmented into cellular devices, GPS devices, radio broadcasts, TV broadcasts, and others.
The Global RF Filter Market, based on application has been segmented into consumer electronics, industrial, automotive, transportation and logistics, smart home/city, aerospace & defense and others
Access full report @ https://www.marketresearchfuture.com/reports/rf-filters-market-6530
Key Findings of the Study:
- The global RF Filter market is projected to reach a value of USD 32,385.4 million by 2027, with a CAGR of around 16.2% during the forecast period from 2021 to 2027.
- Asia pacific held the largest market share in 2020.
- North America is expected to be the second-largest market in 2020. Advancements in technology and the increasing demand for consumer electronics such as mobile phones, computers, and others are some of the major factors driving the growth of the RF filter market in the region.
- China is among the top contributors in the RF Filter market. China is one of the largest exporters of semiconductor components worldwide and dominates the RF filter market in Asia-Pacific. The market growth can be attributed to several semiconductor companies operating in the country. China is predicted to develop significantly as a result of large investments by global corporations in conjunction with the Chinese government in the country's 20 new semiconductor fab projects, which are expected to be finished by 2020.
Asia-Pacific emerged as the fastest-growing market for RF Filter during the review period
Asia-Pacific includes China, India, Japan, South Korea, and other neighboring countries. The increasing spending on consumer electronic devices, such as smartphones, tablets, laptops and notebooks, smart wearables, and smart home accessories, has increased the demand for RF filters. Furthermore, due to the presence of various electrical and electronic manufacturers who use RF filters to expand their reach to the market. The increasing number of internet users in the region has propelled the adoption of RF filters during the forecast period.
North America has accounted for the second-largest market share globally. The North American market is bifurcated into the US, Canada, and Mexico. The US is the leading country in North America, accounting for the largest market share. In the US, product innovation and product development are expected to play a significant role in regional market growth. The Europe region consists of the UK, Germany, France, and the rest of Europe. The growing development of smart cities and smart homes is one of the major factors driving the demand for RF filters. Furthermore, the adoption of 5G networks in wireless communication will lead to increasing demand for RF filters.
The South American region has accounted for a significant share in the market. The region witnesses presence of countries such as Brazil, Peru, Chile, and Argentina, which are witnessing the rising applicability, and advancement of IoT technologies resulting in the development of small, inexpensive, and energy-efficient solutions. In the Middle East & Africa, the RF filter market is driven by countries such as Saudi Arabia, the UAE, Oman, South Africa, Zimbabwe, Tanzania, Somalia, Kenya, and Egypt. The market growth in this region is currently stagnant due to the presence of emerging economies and relatively low infrastructure support. However, the market is expected to experience a growing trend in the future due to the increasing investment to boost the telecom infrastructure and IoT connectivity.
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Companies Covered | 15 |
Pages | 100 |
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