RF Filters Market Report
RA08557
RF Filters Market by Type (SAW Filter and BAW Filter), Application (Navigation, Radio Broadcast, TV Broadcast, Mobile Phone Communication, Satellite Communication, Aerospace & Defense, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028
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RF Filters Market Analysis
The global RF filters market is anticipated to garner $29,883.5 million in the 2021–2028 timeframe, growing from $9,157.9 million in 2020, at a healthy CAGR 16.1%.
Market Synopsis
The RF filters market is expected to grow due to growing demand for the safety features and the rising demand for the electric vehicles along with the acquisitions, and business expansion by key market players.
The high initial set up cost of the RF filter is one of the key factors hampering the growth of RF filters in the near future.
According to the regional analysis of the market, the Asia-Pacific RF filters market is anticipated to grow at a CAGR of 16.7%, by generating a revenue of $8,543.7 million during the review period.
RF Filters Overview
The RF filters are one of the most important components of the wireless technology, RF filters are majorly used with the radio frequencies in order to extract only the right frequencies and filter out the unwanted frequencies. RF frequencies have the ability to operate on medium to very high frequencies. Because of these factors, the RF filters are widely used in radio broadcast, wireless communication, aerospace & defense, and many others.
Impact Analysis of COVID-19 on the Global RF Filters Market
The COVID-19 has affected the global RF filter market widely as many of the semiconductors and electronic components manufacturing plants were shut down due to the complete lockdown worldwide. Additionally, the supply chain of raw materials has also been affected widely due to which there is a shortage of semiconductors across the globe.
As per the experts, it is anticipated that the RF filters market will grow at a faster pace during the forecast period due to the growing demand for work from home which has increased the demand for wi-fi connections in various countries. Additionally, the growing demand for seamless connectivity is anticipated to boost the market growth.
Increasing Demand for Seamless Connectivity is Projected to Drive the Market Growth
The rising demand and increasing necessity to filter the data in order to provide seamless connectivity between various devices is anticipated to drive the demand for RF filters market in the near future. Additionally, the rising dependence on IoT by various end-user industries is projected increase the growth of the market in the near future. Moreover, increasing demand from aerospace and defense sectors is expected to drive the market over the forecast period.
To know more about global RF filters market drivers, get in touch with our analysts here.
Limitation in the Usage of Bandwidth Anticipated to Restrain the Market Growth
The key factor affecting the growth of RF filters market is the restriction on the bandwidth usages. Additionally, the high initial cost for setting up a RF filter is anticipated to hamper the market growth in the near future.
Development of 5G Network is Projected to Create Growth Opportunities
The rapid development in the 5G technology across the globe and the high anticipated rate of adoption of 5G technology is projected to create better growth opportunities in the near future for RF filters market.
To know more about global RF filters market opportunities, get in touch with our analysts here.
Based on type, the market has been divided into SAW Filter and BAW filter. SAW Filter sub-segment accounted for the highest revenue share in 2020 and is projected to maintain its dominance during the forecast period. Download PDF Sample ReportRF Filters Market
By Type
Source: Research Dive Analysis
The SAW filter is anticipated to have a dominant market share and generate a revenue of $16,171.9 million by 2028, growing from $5,051.3 million in 2020.
The SAW filters are widely used in the short distance and low frequency transmissions. The SAW filters are best suited for the applications that work up to 3GHz frequency. These filters are majorly used in mobile phone and other components that have the capability to work under 3GHz of frequencies.
RF Filters Market
By ApplicationBased on application, the analysis has been categorized into navigation, radio broadcast, TV broadcast, Mobile Phone Communication, satellite communication, aerospace & defense, and others. Out of these, Mobile Phone Communication sub-segment held the largest market share in 2020 and is anticipated to continue its dominance over the forecast period.
Source: Research Dive Analysis
The mobile phone communication sub-segment of the global RF filters market is projected to have the highest market share accounting for $7,982.5 million by 2028, growing from $2,364.6 million in 2020. The uninterrupted mobile network connectivity among the mobile users as well the business travelers is increasing every day. The customers are utilizing these devices for various reasons such as surfing web, checking mails, playing games, surfing social media, and others. Availability of high speed internet connectivity at affordable prices is driving the demand for RF filters market. In the recent years, network traffic has grown exponentially due to the growing number of adoptions of smart phones across the globe. Additionally, the integration of progressive wireless technology for instance LTE and Wi-Fi in the smartphone has boosted the necessity for better network connectivity which in turn will be increasing the demand for RF filters market in the near future.
RF Filters Market
By RegionThe RF filters market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
The Asia-Pacific RF Filters Market is Anticipated to Experience the Fastest Growth Rate
Asia-Pacific region market is anticipated to grow at a higher CAGR of 16.7% and reach $8,543.7 million.
The growth is majorly due to the increasing number of semiconductors and electronics manufacturing plants in this region. Additionally, the increasing demand for the wireless communication is another key factor that is boosting the Asia-pacific RF filters market growth. Moreover, the presence of some of the key players in this region is another key factor that is driving the Asia-Pacific RF filters market growth. Moreover, presence of the key players in the countries such as China, South Korea, and Japan is anticipated to increase the market growth.
Competitive Scenario in the Global RF Filters Market
Product advancements, innovations, and business expansion are common strategies followed by major market players.
Source: Research Dive Analysis
Some of the leading RF filters market players are NXP Semiconductors N.V., Analog Devices, Inc., STMicroelectronics, Murata Manufacturing Co., Ltd., Broadcom Inc., Anatech Electronics, Inc., K&L Microwave, RS Microwave Company, Inc., API Technologies, and Bird Technologies.
Porter’s Five Forces Analysis for the Global RF Filters Market:
- Bargaining Power of Suppliers: The number of RF filters players are very few. However, there is a growing demand for seamless connectivity and the better network range is driving the market
Thus, the bargaining power suppliers is high. - Bargaining Power of Buyers: Buyers have little bargaining power because establishing RF filters requires a large capital investment.
Thus, the bargaining power of the buyers is low. - Threat of New Entrants: The companies entering RF filters market have to deal with high investment cost and adhere to the environmental regulations as well.
Thus, the threat of the new entrants is low. - Threat of Substitutes: The availability of substitutes of RF filters is very less in the market.
Thus, the threat of substitutes is low. - Competitive Rivalry in the Market: The competitive rivalry among industry leaders is extensive mainly because the number of players operating in RF filters industry are focusing on enhancing the efficiency of the business expansion, and product innovations.
Therefore, competitive rivalry in the market is high.
| Aspect | Particulars |
| Historical Market Estimations | 2019-2020 |
| Base Year for Market Estimation | 2020 |
| Forecast Timeline for Market Projection | 2021-2028 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| Segmentation by Type |
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| Segmentation by Application |
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| Key Companies Profiled |
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Q1. What is the size of the global RF filters market?
A. The size of the global RF filters market was over $9,157.9 million in 2020 and is projected to reach $29,883.5 million by 2028.
Q2. Which are the major companies in the RF filters market?
A. NXP Semiconductors N.V., Analog Devices, Inc., and STMicroelectronics are some of the major companies operating in the global RF filters market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What will be the growth rate of the Asia-Pacific RF filters market?
A. The growth rate of the Asia-Pacific RF filters market is 16.7%.
Q5. What are the strategies opted by the leading players in this market?
A. Product innovations, technological advancements, and business expansions are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. NXP Semiconductors N.V., Analog Devices, Inc., and STMicroelectronics companies are investing more on R&D practices.
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data Applications
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.Type trends
2.3.Application trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Application landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview
4.Automotive Semiconductors Market, by Type
4.1.SAW
4.1.1.Market size and forecast, by region, 2021-2028
4.1.2.Comparative market share analysis, 2021 & 2028
4.2.BAW
4.2.1.Market size and forecast, by region, 2021-2028
4.2.2.Comparative market share analysis, 2021 & 2028
5.Automotive Semiconductors Market, by Application
5.1.Navigation
5.1.1.Market size and forecast, by region, 2021-2028
5.1.2.Comparative market share analysis, 2021 & 2028
5.2.Radio Broadcast
5.2.1.Market size and forecast, by region, 2021-2028
5.2.2.Comparative market share analysis, 2021 & 2028
5.3.TV Broadcast
5.3.1.Market size and forecast, by region, 2021-2028
5.3.2.Comparative market share analysis, 2021 & 2028
5.4.Mobile Phone Communication
5.4.1.Market size and forecast, by region, 2021-2028
5.4.2.Comparative market share analysis, 2021 & 2028
5.5.Satellite Communication
5.5.1.Market size and forecast, by region, 2021-2028
5.5.2.Comparative market share analysis, 2021 & 2028
5.6.Aerospace and Defence
5.6.1.Market size and forecast, by region, 2021-2028
5.6.2.Comparative market share analysis, 2021 & 2028
5.7.Others
5.7.1.Market size and forecast, by region, 2021-2028
5.7.2.Comparative market share analysis, 2021 & 2028
6.Automotive Semiconductors Market, by Region
6.1.North America
6.1.1.Market size and forecast, by Type, 2021-2028
6.1.2.Market size and forecast, by Application, 2021-2028
6.1.3.Market size and forecast, by country, 2021-2028
6.1.4.Comparative market share analysis, 2021 & 2028
6.1.5.U.S.
6.1.5.1.Market size and forecast, by Type, 2021-2028
6.1.5.2.Market size and forecast, by Application, 2021-2028
6.1.5.3.Comparative market share analysis, 2021 & 2028
6.1.6.Canada
6.1.6.1.Market size and forecast, by Type, 2021-2028
6.1.6.2.Market size and forecast, by Application, 2021-2028
6.1.6.3.Comparative market share analysis, 2021 & 2028
6.1.7.Mexico
6.1.7.1.Market size and forecast, by Type, 2021-2028
6.1.7.2.Market size and forecast, by Application, 2021-2028
6.1.7.3.Comparative market share analysis, 2021 & 2028
6.2.Europe
6.2.1.Market size and forecast, by Type, 2021-2028
6.2.2.Market size and forecast, by Application, 2021-2028
6.2.3.Market size and forecast, by country, 2021-2028
6.2.4.Comparative market share analysis, 2021 & 2028
6.2.5.UK
6.2.5.1.Market size and forecast, by Type, 2021-2028
6.2.5.2.Market size and forecast, by Application, 2021-2028
6.2.5.3.Comparative market share analysis, 2021 & 2028
6.2.6.Germany
6.2.6.1.Market size and forecast, by Type, 2021-2028
6.2.6.2.Market size and forecast, by Application, 2021-2028
6.2.6.3.Comparative market share analysis, 2021 & 2028
6.2.7.France
6.2.7.1.Market size and forecast, by Type, 2021-2028
6.2.7.2.Market size and forecast, by Application, 2021-2028
6.2.7.3.Comparative market share analysis, 2021 & 2028
6.2.8.Spain
6.2.8.1.Market size and forecast, by Type, 2021-2028
6.2.8.2.Market size and forecast, by Application, 2021-2028
6.2.8.3.Comparative market share analysis, 2021 & 2028
6.2.9.Italy
6.2.9.1.Market size and forecast, by Type, 2021-2028
6.2.9.2.Market size and forecast, by Application, 2021-2028
6.2.9.3.Comparative market share analysis, 2021 & 2028
6.2.10.Rest of Europe
6.2.10.1.Market size and forecast, by Type, 2021-2028
6.2.10.2.Market size and forecast, by Application, 2021-2028
6.2.10.3.Comparative market share analysis, 2021 & 2028
6.3.Asia Pacific
6.3.1.Market size and forecast, by Type, 2021-2028
6.3.2.Market size and forecast, by Application, 2021-2028
6.3.3.Market size and forecast, by country, 2021-2028
6.3.4.Comparative market share analysis, 2021 & 2028
6.3.5.India
6.3.5.1.Market size and forecast, by Type, 2021-2028
6.3.5.2.Market size and forecast, by Application, 2021-2028
6.3.5.3.Comparative market share analysis, 2021 & 2028
6.3.6.China
6.3.6.1.Market size and forecast, by Type, 2021-2028
6.3.6.2.Market size and forecast, by Application, 2021-2028
6.3.6.3.Comparative market share analysis, 2021 & 2028
6.3.7.Japan
6.3.7.1.Market size and forecast, by Type, 2021-2028
6.3.7.2.Market size and forecast, by Application, 2021-2028
6.3.7.3.Comparative market share analysis, 2021 & 2028
6.3.8.South Korea
6.3.8.1.Market size and forecast, by Type, 2021-2028
6.3.8.2.Market size and forecast, by Application, 2021-2028
6.3.8.3.Comparative market share analysis, 2021 & 2028
6.3.9.Australia
6.3.9.1.Market size and forecast, by Type, 2021-2028
6.3.9.2.Market size and forecast, by Application, 2021-2028
6.3.9.3.Comparative market share analysis, 2021 & 2028
6.3.10.Rest of Asia-Pacific
6.3.10.1.Market size and forecast, by Type, 2021-2028
6.3.10.2.Market size and forecast, by Application, 2021-2028
6.3.10.3.Comparative market share analysis, 2021 & 2028
6.4.LAMEA
6.4.1.Market size and forecast, by Type, 2021-2028
6.4.2.Market size and forecast, by Application, 2021-2028
6.4.3.Market size and forecast, by country, 2021-2028
6.4.4.Comparative market share analysis, 2021 & 2028
6.4.5.Brazil
6.4.5.1.Market size and forecast, by Type, 2021-2028
6.4.5.2.Market size and forecast, by Application, 2021-2028
6.4.5.3.Comparative market share analysis, 2021 & 2028
6.4.6.Saudi Arabia
6.4.6.1.Market size and forecast, by Type, 2021-2028
6.4.6.2.Market size and forecast, by Application, 2021-2028
6.4.6.3.Comparative market share analysis, 2021 & 2028
6.4.7.South Africa
6.4.7.1.Market size and forecast, by Type, 2021-2028
6.4.7.2.Market size and forecast, by Application, 2021-2028
6.4.7.3.Comparative market share analysis, 2021 & 2028
6.4.8.Rest of LAMEA
6.4.8.1.Market size and forecast, by Type, 2021-2028
6.4.8.2.Market size and forecast, by Application, 2021-2028
6.4.8.3.Comparative market share analysis, 2021 & 2028
7.Company profiles
7.1.NXP Semiconductors N.V.
7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis
7.2.Analog Devices, Inc.
7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis
7.3.STMicroelectronics
7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis
7.4.Murata Manufacturing Co.Ltd.
7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis
7.5.Broadcom Inc.
7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis
7.6.Anatech Electronics, Inc.
7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis
7.7.K&L Microwave
7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis
7.8.RS Microwave Company, Inc.
7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis
7.9.API Technologies
7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis
7.10.Bird Technologies.
7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Product portfolio
7.10.4.Recent strategic moves & developments
7.10.5.SWOT analysis
RD filters are electronic components that are used with radio frequencies in order to allow and extract the right frequencies and prevent the unwanted signals or bands of frequencies. RD frequencies can function on medium to extremely high frequencies. Due to the operating characteristics of RF filters, they serve as an important component in the wireless technology, and hence are extensively used in broadcast television, radio, aerospace & defence, wireless communication, and others.
Forecast Analysis of the RF Filters Market
According to the report published by Research Dive, the global RF filters market is expected to garner a revenue of $29,883.5 million by 2028, growing expeditiously at a CAGR of 16.1% during the forecast period, 2021-2028. Growing demand for seamless connectivity is expected to drive the growth of the market during the forecast period. In addition, increasing dependence on IOT by numerous end-use industries is further expected to bolster the growth of the RF filters market. Moreover, growing adoption of 5G technology is expected to create ample opportunities for the growth of the market. However, certain restrictions on the usage of bandwidth are expected to hinder the growth of the RF filters market.
The major players of the market include API Technologies, Bird Technologies, NXP Semiconductors N.V., Analog Devices, Inc., STMicroelectronics, K&L Microwave, RS Microwave Company, Inc., Murata Manufacturing Co., Ltd., Broadcom Inc., Anatech Electronics, Inc., and many more.
Key Developments of the RF Filters Market
The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global RF filters market to grow exponentially.
For instance, in October 2021, Akoustis Technologies, Inc., a North Carolina-based company that designs, develops, and manufactures acoustic wave technology, acquired majority ownership position of RFM Integrated Device, Inc., an innovative company that provides a wide range of radio frequency (RF) component and module products for wireless communications, in order to maximize Akoustis’ presence in the RF filters market.
In October 2021, Resonant Inc., a global provider of radio frequency (RF) filter solutions collaborated with Murata Manufacturing Co., Ltd., a global leader in the design, manufacture, and sale of communication modules, passive electronic components & solutions and power supply models, in order to initiate new RF filter designs across additional bands.
In October 2021, Qualcomm, an American multinational company that creates software, semiconductors, and services related to wireless technology, announced the launch of their new RF filter technology called Qualcomm® ultraBAW RF filter technology for bands up to 7GHz that will facilitate next generation 5G and Wi-Fi solutions.
COVID-19 Impact on the RF Filters Market
The outbreak of COVID-19 has had a negative impact on the growth of the global RF filters market, owing to the prevalence of lockdowns in various countries across the globe. Lockdowns led to the largescale closure of semiconductor and electronic manufacturing plants across the globe. In addition, supply of raw materials was adversely affected due to the stringent import and export restrictions imposed by the government, which further led to the shortage of semiconductors across the globe.
Region With the Highest Growth Rate
The Asia-Pacific region is expected to experience the fastest growth rate, and surge exponentially at a CAGR of 16.7% during the forecast period. Rising number of semiconductors and electronics manufacturing plants in this region is expected to stimulate the growth of the market during the forecast period. In addition, growing demand for wireless communication in this region is further expected to accelerate the growth of the regional RF filters market in the coming years.
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