Global Filters and Components Market – Industry Trends and Forecast to 2030

Global Filters and Components Market, By 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) - Industry Trends and Forecast to 2030.

Filters and Components Market Analysis and Size

In the last few years, the demand for filters and components increased significantly and is expected to increase further during the forecast period. Increasing demand for faster and more advanced telecommunication network services is a major factor that positively influences the market growth during the forecast. It has been witnessed that cellular technology is expected to be the fastest-growing connectivity technology during the forecast period because it offers improved connectivity for electronic devices and aids in increasing connectivity with speed.

Data Bridge Market Research analyses that the filters and components market is expected to reach USD 5,4119.46 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. 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.

Filters and Components Market Scope and Segmentation

Market Definition

Filters and components are important building blocks of any electronic and communication systems that change the amplitude or phase characteristics of the signal concerning the frequency. The filter is a linear circuit that aids in eliminating unwanted components such as distortion, noise, and interference from the input signal. Ideally, filter changes the relative amplitudes of the numerous frequency components and phase characteristics on the signal frequency.

Global Filters and Components Market Dynamics

Drivers

• Increasing demand for surface acoustic wave (SAW) filters

Growing demand for surface acoustic wave (SAW) filters is expected to drive the growth of the filters and components market during the forecast period. Surface acoustic wave filters accounted for the major market share because the telecom industry uses these filters and components widely. Furthermore, the availability of medium frequency coverage and flexible mounting increases the demand for surface acoustic wave (SAW) filters, eventually boosting market growth.

• Growing usage of RF bulk acoustic wave (BAW) filters in military systems

RF bulk acoustic wave (BAW) filters provide superior performance for mission-critical applications, including diplexers, duplexers, RF delay filters, bandpass filters, and many other products for the military systems market. RF product solutions are manufactured and designed to be ruggedized and lightweight for the toughest military environments. Therefore, the growing usage of RF bulk acoustic wave (BAW) filters in military systems will likely drive market growth.

Opportunities

• Growing demand for filters and components in automation production

The growing automotive production, mainly in countries such as South Korea, Japan, Malaysia, China, Indonesia, and Taiwan, will likely create lucrative opportunities to grow the filters and components market. Furthermore, stringent rules and regulations for the reduction of automotive pollution levels by authorities, such as the Department of Energy and the U.S. EPA, are expected to increase the usage of filters and components, thus increasing the growth of the market.

• Surging product launches by major players in the market

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, in 2019, Anatech Electronics, Inc. Company launched a new 2050 / 2250 Mhz ceramic duplexer filter product 537-563 MHZ/ 2432-2480 Mhz duplexer, 62.5 MHZ IF saw filter for the market. The company strengthened its product portfolio for consumers.

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 product's high cost 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.

Global 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 (SAW) Filters
• RF Bulk Acoustic Wave (BAW) Filters
• Ceramic Filters
• Others

 Frequency

• Low
• Medium
• High
• Very High

 Connectivity Technology

• Cellular Technology
• ISM
• 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  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.

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 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.

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 global 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, global 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.)
• 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.)