Electronic Filter Market Size, Trends and Growth Analysis by 2027

In 2019, the global electronic filter market was valued at approximately US$ 12.89 billion, with projections indicating it will reach around US$ 19.13 billion by 2027. This growth represents a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027.

The expansion of the global telecommunications sector, coupled with a significant demand for electronic filters within the electronics and semiconductors industries, are the primary factors driving the growth of the electronic filter market. Nevertheless, certain performance challenges associated with specific electronic filters may hinder market expansion. Despite these challenges, the increasing need for dependable radio communication solutions across various sectors, along with the rising number of 5G implementations worldwide, is anticipated to stimulate the growth of the electronic filter market throughout the forecast period.

The technological landscape is rapidly transforming across industries, propelled by advancements in technologies such as the Internet of Things (IoT), industrial IoT, artificial intelligence, big data, cloud computing, and predictive analytics. This evolution has led to a heightened demand for connected devices and robust networks among consumers and businesses alike. Established wireless technologies, including 2G, 3G, and 4G, have laid the groundwork for the next generation of connectivity. As electronic systems become more complex and advanced technologies are integrated, there is an increasing requirement for improved network capacity, reduced latency, and broader coverage, particularly with the advent of 5G. In 2019, the Asia-Pacific (APAC) region held the largest share of the electronic filter market and is expected to maintain its leading position throughout the forecast period. North America and Europe ranked second and third, respectively, in the global electronic filter market in 2019.

Key players in the electronic filter market include Schneider Electric SE, ABB Ltd, AVX Corporation, BLOCK Transformatoren-Elektronik GmbH, Captor Corporation, CD Automation UK Ltd, CIRCUTOR, SA, Cosel Europe GmbH, Mini-Circuits, and Anritsu. In addition to these major companies, several other significant market participants were examined during this research study to provide a comprehensive overview of the global electronic filter market and its ecosystem.

The overall size of the electronic filter market is determined through a combination of primary and secondary research methods. The research process commences with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the electronic filter market. This research also includes an overview and forecast for the global electronic filter market based on various segments, categorized by five primary regions: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Furthermore, primary interviews were conducted with industry stakeholders and experts to validate and analyze the collected data. Participants in this process included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in electronic filters.