The global tunable filter market was worth approximately US$ 77 million in 2017 and is expected to be worth slightly more than US$ 159 million in 2027. This market is expected to grow at a 7.4% CAGR from 2017 to 2027. During this time, the global market is expected to see a twofold gain in revenue.
According to a recent Future Market Insights analysis titled “Tunable Filter Market: Global Industry Analysis and Opportunity Assessment (2017-2027),” the global market for tunable filters is rapidly expanding.
The examination report discusses some of the causes that contributed to its expansion as well as some of the more unfavorable opinions. The comprehensive research distribution includes threats, opportunities, growth factors, challenges, and their impacts on the global tunable filter market.
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The exploratory study also includes an itemized evaluation examination of several tunable filters across major domains. The segmented study is used to track future projections for the global tunable filter market over a ten-year period in North America, Western Europe, Eastern Europe, Asia Pacific except Japan (APEJ), Latin America, Japan, the Middle East, and Africa (MEA).
Global Tunable Filter Market: Factors Impacting Growth
The tunable filter market is expanding as a result of a number of favourable aspects. The usage of tunable filters in vehicle radios, wireless communication devices, and radars has been encouraged by the rising defence budget, actively contributing to the expansion of the world tunable filter industry. The market for tunable filters is also anticipated to develop as a result of the expanding wireless industry. Additionally, the introduction of 5G is anticipated to support market expansion.
Tunable filters are employed in 5G networks and play a critical role in guaranteeing the appropriate operation of communication systems based on 5G technology. The global tunable filter industry is anticipated to develop, but some tuneable filters, like BST or barium strontium titanate, have limited commercial availability.
Global Tunable Filter Market: Segmental Snapshot
The global tunable filter market is segmented on the basis of application and region.
In the application category, the wireless communication equipment segment is the largest thus leading the global market. This segment reflected high growth rate owing to increased adoption of tunable filters in wireless communication equipment
With respect to region, North America is expected to present high growth opportunities for tunable filters. in addition, the Asia Pacific excluding Japan (APEJ) region is also highly lucrative and the tunable filter market in this region is projected to grow at a high rate during the forecast period.
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Global Tunable Filter Market: Competitive Assessment
This exhaustive research contains detailed intelligence on various players involved in the manufacturing and distribution of tunable filters. Prominent players include Analog Devices Inc., RS Microwave Co Inc., K&L Microwave, Inc., Fairview Microwave Inc., I2R Nanowave Inc., Pole/Zero Corporation and Atlanta Micro, Inc.
Wireless communication equipment to extensively make use of tunable filters in the coming years
Use of tunable filters has been increasing across several application areas. However, the demand for tunable filters has been meteoric in the wireless communication equipment sector. The wireless communication equipment segment in the application category was valued at around US$ 62 Mn in 2017 and is estimated to reach a high valuation of more than US$ 135 Mn by the end of the year of assessment.
During the period of assessment, 2017-2027, the wireless communication equipment segment is expected to register a stellar value CAGR of 8.1%. Moreover, the Y-o-Y growth of the wireless communication equipment segment is comparatively high than other application segments during 2017-2027 timeline.
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- Covers market controlling aspects, key developments and innovations from strategic and technological standpoints respectively.
Market Segmentation
By Application:
- Tactical Radios
- Avionics and Shipboard Cosite Mitigation
- Military Vehicular Mount Radio Components
- Wireless Communication Equipment
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- Middle East and Africa
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