The demand for filters and components has significantly increased over the past few years, and it is anticipated to continue to rise during the forecast period. A significant factor that favorably affects the market growth during the forecast is the rising demand for faster and more sophisticated telecommunication network services. As it provides better connectivity for electronic devices and helps to increase connectivity quickly, cellular technology is anticipated to experience the fastest growth in the connectivity market during the forecast period.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-filters-and-components-market
Data Bridge Market Research analyses that the Filters and Components Market is expected to reach USD 54,119.46 million by 2030, which was USD 14,397.84 million in 2022, registering a CAGR of 18.00% during the forecast period of 2023 to 2030. With growing concerns over environmental pollution, there is a heightened focus on improving air and water quality. Filters and components play a critical role in removing contaminants and particulate matter, ensuring cleaner and safer air and water. The rising awareness and regulatory requirements regarding pollution control drive the demand for filters and components across various industries.
Key Findings of the Study
Technological advancements in filtration systems is expected to drive the market's growth rate
Continuous advancements in filtration technology have resulted in the development of more efficient, durable, and cost-effective filters and components. Innovations such as nanotechnology, electrostatic filtration, and smart filtration systems are driving the market growth by offering improved performance, energy efficiency, and ease of maintenance. Technological advancements create opportunities for manufacturers to meet evolving customer needs and drive market expansion.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product Type (Surface Acoustic Wave (SAW) Filters, RF Bulk Acoustic Wave (BAW) Filters, Ceramic Filters, and Others), Frequency (Low, Medium, High, and Very High), Connectivity Technology (Cellular Technology, ISM, Wi-Fi, GNSS, Bluetooth, and Others), End Use (Mobile Communications, Wireless Connectivity, Satellite Navigation, and Communications, Broadcasting For Civil, Industrial, and Military Application), Application (Motor Vehicles, Consumer Goods, Industrial and Manufacturing, and Utilities)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Qualcomm Technologies, Inc. (U.S.), Molex (U.S.), TE Connectivity (Switzerland), Microsemi Corporation (U.S.), Qorvo, Inc. (U.S.), Anatech Electronics, Inc. (U.S.), Crystek Corporation (U.S.), CTS Corporation (U.S.), Murata Manufacturing Co., Ltd. (Japan), RFM Integrated Device, Inc. (U.S.), Taiyo Yuden Co Ltd. (Japan), KYOCERA Corporation (Japan), SPK ELECTRONICS CO., LTD. (Taiwan), SUNTSU ELECTRONICS, INC. (U.S.), TDK Electronics AG (Japan), ECS Inc. (U.S.), Abracon (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The filters and components market is segmented into five segments, on the basis of product type, frequency, connectivity technology, end use and application.
- On the basis of product type, the filters and components market is segmented into surface acoustic wave (SAW) filters, RF bulk acoustic wave (BAW) filters, ceramic filters and others. In 2023, surface acoustic wave (SAW) filters segment is expected to dominate the global filters and components market with a CAGR of 18.6% in the forecast period of 2023 to 2030 due to rising telecom industry is supplementing the filters and components market growth.
In 2023, surface acoustic wave (SAW) filters segment is expected to dominate the product type segment in global filters and components market
In 2023, surface acoustic wave (SAW) filters segment is expected to dominate the global filters and components market owing to low insertion loss and compatibility for 4G, GSM, CDMA, 3G and some other bands. The rising telecom industry is supplementing the filters and components market growth with a CAGR of 18.6% in the forecast period of 2023-2030
- On the basis of frequency, the filters and components market is segmented into low, medium, high and very high. Medium segment is expected to dominate the global filters and components market with a CAGR of 17.8% in the forecast period of 2023-2030 due to owing to major adoption in the smartphone devices. The high frequency range is compatible for various telecommunication networks owing to which it has major adoption in the filters and components market.
- On the basis of connectivity technology, the filters and components market is segmented into cellular technology, ISM, wi-fi, GNSS, bluetooth and others. In 2023, cellular technology segment is expected to dominate the global filters and components market with the highest CAGR of 18.5% in the forecast period of 2023 to 2030 due to increasing adoption in the smartphones devices.
In 2023, cellular technology segment is expected to dominate the connectivity technology segment in global filters and components market
In 2023, cellular technology segment is expected to dominate the global filters and components market owing to the increasing adoption in the smartphones devices for meeting the new frequency standards is helping the filters and components market to grow with a CAGR of 18.5% in the forecast period of 2023-2030.
- On the basis of end use, the filters and components market is segmented into mobile communications, wireless connectivity, satellite navigation and communications, broadcasting for civil, industrial and military application. Mobile communications segment is expected to dominate the global filters and components market with a CAGR of 18.5% in the forecast period of 2023-2030 due to rising mobile connections and demand for advanced connectivity solution is augmenting the segment growth.
- On the basis of application, market is segmented into motor vehicles, consumer goods, industrial and manufacturing, and utilities. Motor vehicles segment is expected to dominate the global filters and components market during the forecast period of 2023-2030 due to significant presence worldwide, resulting in a high demand for filters. Further, these filters are essential for maintaining the performance and longevity of various systems in vehicles, such as the engine, fuel, oil, air, and cabin air filtration.
Data Bridge Market Research recognizes the following companies as the major filters and components market players in filters and components market are Qualcomm Technologies, Inc. (U.S.), Molex (U.S.), TE Connectivity (Switzerland), Microsemi Corporation (U.S.), Qorvo, Inc. (U.S.), Anatech Electronics, Inc. (U.S.), Crystek Corporation (U.S.), CTS Corporation (U.S.), Murata Manufacturing Co., Ltd. (Japan), RFM Integrated Device, Inc. (U.S.), Taiyo Yuden Co Ltd. (Japan), KYOCERA Corporation (Japan), SPK ELECTRONICS CO., LTD. (Taiwan), SUNTSU ELECTRONICS, INC. (U.S.), TDK Electronics AG (Japan), ECS Inc. (U.S.), Abracon (U.S.).
Market Development
- In 2021, By purchasing RPS Products, Freudenberg Filtration Technologies SE and Co. KG expands its presence in the United States. The business produces and distributes air filters for commercial and residential buildings through retailers. With investments in new business sectors, Freudenberg Filtration Technologies SE and Co. KG is growing its presence in North America.
- In 2020, In order to adapt its air filtration technology for the aviation and aircraft industries and explore air filter applications to enhance cabin air quality, Camfil signed a Memorandum of Understanding (MOU) with CTT SYSTair filters AB.
- In 2020, PURAFIL, INC. installed PuraShield Smart 1000 portable filtration systems to enhance the indoor air quality for Northwestern University Athletics and Recreation. It is an innovative multi-stage filtration system that removes nearly 99.99% of aerosols from the air, including bacteria and viruses.
- In 2020, A new line of "MICROPLEAT" high-efficiency filters from PARKER HANNIFIN CORP has been introduced. These filters are intended for HVAC applications and critical systems in a variety of industries, including food processing, data centers, research labs, governmental institutions, commercial office buildings, and others.
- In 2020, Dielectric filters with metal cavity filters were made available by SPK ELECTRONICS CO., LTD. and were widely used in 4G and 3G applications. However, it will be preferable to replace them with more advanced 5G technology dielectric filters. The 5G filters offer compact filters that are small and have low insertion loss. This new upgrade for cutting-edge technologies accelerated the company's expansion.
- In 2020, A new line of RF filters with high performance suitable for surface mount packaging, high power handling, and other applications was introduced by Cobham Limited Company. For the operations, it keeps frequency ranges of up to 50 gigahertz. The business expanded its selection of filter solutions for the international market.
Regional Analysis
Geographically, the countries covered in the filters and components market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in filters and components market during the forecast period 2023-2030
North America is anticipated to dominate the filters and components market because of using advanced and innovative technologies and being a high disposable income region. Furthermore, the U.S. holds the largest market share for RF surface acoustic wave (SAW) filters because of the increasing adoption of electronic devices and smartphones, which will further boost the market.
Asia-Pacific is estimated to be the fastest growing region in filters and components market the forecast period 2023-2030
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 because of the increasing demand for wireless connectivity networks to attain fast speed for businesses and homes in this region. Moreover, rising industrial automation and the need for faster internet services to adopt advanced and innovative technology will further increase the market growth in this region.
For more detailed information about the Filters and Components Market report, click here – https://www.databridgemarketresearch.com/reports/global-filters-and-components-market
