According to a new research report titled “Tunable Filter Market: Global Industry Analysis and Opportunity Assessment (2017-2027)” published by Future Market Insights, the global market for tunable filters is expanding rapidly.
This market is anticipated to expand at a value CAGR of 7.4% over the assessment period of 2017–2027. The income of the global market is anticipated to double throughout this period. The market for tunable filters was estimated to be worth roughly US$ 77 million in 2017 and is projected to reach US$ 159 million or more by 2027.
The examination report discusses a few contributing causes to its development as well as a few additional viewpoints that are detrimental to it. Patterns, threats, opportunities, development drivers, difficulties, and their effects on the global tunable filter market are all included in the thorough research distribution.
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Additionally covered in the exploration study is the itemised evaluation analysis of several tunable filters across important domains. The segmental study is utilised to follow the future projections for the global tunable filter market over a ten-year period and is conducted throughout North America, Western Europe, Eastern Europe, Asia Pacific except Japan (APEJ), Latin America, Japan, and the Middle East and Africa (MEA).
Global Tunable Filter Market: Factors Impacting Growth
There are several factors that have a positive influence on the growth of the tunable filter market. The increasing spending in defence has spurred the use of tunable filters in vehicular radios, wireless communication equipment and radars thus actively contributing to the growth of the global tunable filter market. Moreover, growing wireless sector is expected to drive the growth of tunable filter market. Also, the emergence of 5G is expected to contribute to the market’s growth.
Tunable filters are used in 5G networks and have a crucial role of ensuring proper functioning of 5G technology-based communication systems. However, limited commercial availability of some tuneable filters (for instance, BST or Barium Strontium Titnate) is expected to hinder the growth of the global tunable filter market.
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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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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