According to the latest research report published by The Insight Partners, titled Electronic Filter Market Forecast to 2027- COVID-19 Impact and Global Analysis, the global electronic filtermarket is expected to reach US$ 19.13billionin 2027, registering a CAGR of 5.2% during the forecast period 2020-2027.

Asia Pacificis estimated to be the fastest growing region with a CAGR of 6.6% from 2020 to 2027.

The growing telecommunication industry along with increasing penetration of LTE networks and 5G trials worldwide are driving the demand for efficient electronic filters. The evolving technology landscape across industries and rising complexity of equipment/systems is driving electronic filter manufactures to constantly invest in research and development activities to improve their offerings and meet the changing industry demand.Communications industry, semiconductor industry, petrochemical industry, chemicals, steel, automotive manufacturing, speech signal processing, media & entertainment, image processing, and radar systems are some of the major application areas fueling the growth of electronic filter market in the coming years.

Key findings of the study:

The positive growth outlook of industrial development in emerging regions such as APAC, South America, and MEA is anticipated to drive the future demand of electronic filters during the forecast period. APAC held the largest share of the market; and North America & Europe held the second and third position respectively in 2019.The positive outlook of media & entertainment, telecommunication industry development, and increase in sales of electronics & semiconductor products are the some of the prominent factors responsible for the growth of electronic filter market in developed regions such as North America and Europe.

APAC comprises several developing economies such as China, India, and other Southeast Asian countries as well as developed economies such as Japan. Favorable government policies, increasing industrial development, rising disposable incomes, and growing population are some of the major factors driving the growth of various industries in this region. Additionally, presence of large MNCs such as Telstra and Vodafone are contributing to the growth of the entire telecommunication industry, which in turn is leading to the increasing use of filters. Favorable steps for the commercialization of 5G network, demand for consumer electronics such as TV, radio, and audio systems are projected to propel the growth of electronic filter market.

The global electronic filter market is anticipated to witness impressive growth during the forecast period. The low pass filtersegment held the largest share in 2019; whereas, band pass filteris expected to be the fastest growing type ofelectronic filter worldwideduring the forecast period. On the other hand, based on application, the audio electronicssegment led the electronic filter market in 2019; whereas,radio communicationsis expected to grow at a high CAGR value during the forecast period.

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