Asia-Pacific Filters and Components Market, By Product Type (Surface Acoustic Wave (S.A.W.) Filters, R.F. Bulk Acoustic Wave (B.A.W.) Filters, Ceramic Filters, and Others), Frequency (Low, Medium, High, and Very High), Connectivity Technology (Cellular Technology, I.S.M., 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) - Industry Trends and Forecast to 2030.
Asia-Pacific Filters and Components Market Analysis and Size
Nowadays, continuous advancements and innovations in mobile handset technology because of the ongoing transition from 2G, 3G to 4G/LTE, LTE-advanced pro, LTE-advanced, and 5G lead to the increasing need for maximizing spectrum range and power efficiency of mobile devices. This will likely spur the demand for the filters and components in the upcoming years. Furthermore, increasing demand for faster and more advanced telecommunication network services will positively influence market growth in the upcoming years.
Data Bridge Market Research analyses that the filters and components market is expected to reach USD 14,273.81 million by 2030, which was USD 3,621.88 million in 2022, registering a CAGR of 18.70% during the forecast period of 2023 to 2030. 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.
Asia-Pacific Filters and Components Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Surface Acoustic Wave (S.A.W.) Filters, R.F. Bulk Acoustic Wave (B.A.W.) Filters, Ceramic Filters, and Others), Frequency (Low, Medium, High, and Very High), Connectivity Technology (Cellular Technology, I.S.M., 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)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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Qualcomm Technologies, Inc. (U.S.), Molex (U.S.), T.E. Connectivity (Switzerland), Microsemi Corporation (U.S.), Qorvo, Inc. (U.S.), Anatech Electronics, Inc. (U.S.), Crystek Corporation (U.S.), C.T.S. Corporation (U.S.), Murata Manufacturing Co., Ltd. (Japan), R.F.M. Integrated Device, Inc. (U.S.), Taiyo Yuden Co Ltd. (Japan), KYOCERA Corporation (Japan), SPK ELECTRONICS CO., LTD. (Taiwan), SUNTSU ELECTRONICS, INC. (U.S.), T.D.K. Electronics AG (Japan), E.C.S. Inc. (U.S.), Abracon (U.S.)
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Market Opportunities
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Market Definition
Any electronic and communication system that modifies the amplitude or phase properties of the signal concerning frequency needs filters and components as its foundation. A filter is essentially a linear circuit that helps to remove undesirable elements from the input signal, such as distortion, noise, and interference. The ideal filter modifies the phase properties of the signal's frequency and the relative amplitudes of the various frequency components.
Asia-Pacific Filters and Components Market Dynamics
Drivers
- Growing usage of R.F. bulk acoustic wave (B.A.W.) filters in military systems
R.F. bulk acoustic wave (B.A.W.) filters provide superior performance for mission-critical applications, including diplexers, duplexers, R.F. delay filters, bandpass filters, and many other products for the military systems market. R.F. product solutions are manufactured and designed to be ruggedized and lightweight for the toughest military environments. Therefore, the growing usage of R.F. bulk acoustic wave (B.A.W.) filters in military systems will likely drive market growth.
- Increasing adoption of filters and components in the automobile sector
The filters and components industry is expected to witness quick development over the estimated time frame because of the increasing adoption of these products in the automobile sector. The expanding interest in connectivity highlights in the automobile sector, for instance, Bluetooth, area trackers, G.P.S. navigation, audio systems, and advanced locking systems in vehicles, is likely to drive the market growth. Also, developing the establishment of computerization arrangements in the autos is similarly expected to propel the market demand.
Opportunities
- Growing mergers and partnerships between major players to improve their representative network
Increasing product launches by key players in the filters and components market will likely create lucrative market growth opportunities during the forecast period. For instance, TAI-SAW TECHNOLOGY CO., LTD. partnered with Murata Manufacturing Co., Ltd., which manufactures, sells, and designs ceramic-based passive electronic components. Under this partnership, TAI-SAW TECHNOLOGY CO., LTD. offers S.A.W. filter products for Murata's consumers. This partnership has aided the company in surging its customer base.
- Increasing purchase of consumer electronics
The increasing purchasing of consumer electronics will likely generate ample market opportunities during the forecast period. Consumer electronics signified over 40 percent of the total market share in 2020, likely to grow throughout the forecast period. This can be credited to increasing purchaser disposable income and growing consumer spending on electronic devices such as cell phones, tablets, P.C.s, and laptops. The increasing purchasing of consumer electronics eventually raises the demand for filters and components.
Restraints/ Challenges
- The issue associated with the production of small-sized filters
Several issues are associated with the design and manufacture of small-sized filters, which will likely hamper the market growth during the forecast period. The smaller components need small sized filter design. Therefore, designing small-size filters is a very tough task that becomes a major challenge for the targeted filters and components market players.
- High cost associated with ceramic filter
The high initial cost of ceramic filters will likely impede the growth of the filters and components market. The high cost of the product is due to the high manufacturing cost of the raw material, such as ceramic, which is a high-energy-intensive procedure that operates at very high temperatures. This factor will likely restrain the demand for the filters and components product.
This filters and components market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the filters and components market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2020, Cobham Limited Company launched a new RF filter portfolio with high performance appropriate for surface mount packaging, high power handling, and other applications. It maintains frequency ranges up to 50 gigahertz for the operations. The company strengthened its offering of filter solutions for the global market.
- In 2020, SPK ELECTRONICS CO., LTD. provided dielectric filters with metal cavity filters which were highly used in 4G and 3G applications. However, introducing more innovative 5G technology dielectric filters will be a better replacement. The 5G filters provide miniaturized compact-size filters with low insertion loss. This new upgradation for advanced technologies augmented the growth of the company.
Asia-Pacific Filters and Components Market Scope
The filters and components market is segmented on the basis of product type, frequency, connectivity technology, end use and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Surface Acoustic Wave (S.A.W.) Filters
- R.F. Bulk Acoustic Wave (B.A.W.) Filters
- Ceramic Filters
- Others
Frequency
- Low
- Medium
- High
- Very High
Connectivity Technology
- Cellular Technology
- I.S.M.
- Wi-Fi
- GNSS
- Bluetooth
- 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
- Utilities
Filters and Components Market Regional Analysis/Insights
The filters and components market is analyzed and market size insights and trends are provided by country, product type, frequency, connectivity technology, end use and application as referenced above.
The countries covered in the filters and components market report China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China is expected to dominate the Asia-Pacific filters and components market 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.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Filters and Components Market Share Analysis
The filters and components market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to filters and components market.
Some of the major players operating in the filters and components market are:
- Qualcomm Technologies, Inc. (U.S.)
- Molex (U.S.)
- T.E. Connectivity (Switzerland)
- Microsemi Corporation (U.S.)
- Qorvo, Inc. (U.S.)
- Anatech Electronics, Inc. (U.S.)
- Crystek Corporation (U.S.)
- C.T.S. Corporation (U.S.)
- Murata Manufacturing Co., Ltd. (Japan)
- R.F.M. Integrated Device, Inc. (U.S.)
- Taiyo Yuden Co Ltd. (Japan)
- KYOCERA Corporation (Japan)
- SPK ELECTRONICS CO., LTD. (Taiwan)
- SUNTSU ELECTRONICS, INC. (U.S.)
- T.D.K. Electronics AG (Japan)
- E.C.S. Inc. (U.S.)
- Abracon (U.S.)
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