electronic filter Market

The global electronic filtermarket was valued at US$ 12.89 billion in 2019 and is projected to grow expected to reach US$ 19.13 billion by 2027; it is expected to grow at a CAGR of 5.2% during 2020-2027.

The positive growth outlook of global telecommunications industry and high demand for electronic filters in electronics & semiconductors industry are the key driving factors responsible for the growth of global electronic filter market. However, a few performance issues related to some electronic filters may restrain the growth of this market. Despite some limitations, the rising demand for reliable radio communication solutions across industries and growing number of 5G deployments across the globe are expected to fuel the growth of the electronic filter market during the forecast period.

Globally, the technological landscape across industries is evolving at an unprecedented rate with the penetration of technologies such as internet of things (IoT), industrial IoT, artificial intelligence, big data, cloud computing, and predictive analytics. Due to this, the demand for connected devices and reliable networks is rising among customers and industries. Wireless technologies such as 2G, 3G, and 4G are already well established across the globe. With increasing complexity of electronic systems and integration of advanced technologies, there is a growing demand for enhanced network capacity, latency, and coverage such as 5G. APACheld the largest share of the electronic filtermarket in 2019 andis expected to continue its dominance during the forecast period. North America and Europeheld the second and third position respectivelyin the global electronic filtermarket in 2019.

Schneider Electric SE, ABB Ltd, AVX Corporation, BLOCK Transformatoren-Elektronik GmbH, Captor Corporation, CD Automation UK Ltd, CIRCUTOR, SA, Cosel Europe GmbH, Mini-Circuits, and Anritsu are among the key players profiled during this market study. In addition to these players, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global electronic filter market and its ecosystem.

Overall size of the electronic filtermarket is derived using primary and secondary sources. The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the electronic filter market. It also provides the overview and forecast for the global electronic filtermarket based on all segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate and analyze the data. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specialized in the electronic filters.