The RF tunable filter market is expected to grow from USD 55.4 million in 2018 to USD 87.0 million by 2023, at a CAGR of 9.43%
LONDON, Oct. 25, 2018 /PRNewswire/ --
The RF tunable filter market to grow at a CAGR of 9.43% during 2018–2023
The RF tunable filter market is expected to grow from USD 55.4 million in 2018 to USD 87.0 million by 2023, at a CAGR of 9.43%. The growth of this market is mainly driven by the factors such as growing demand for smartphones and connected devices and increasing use of long-term evolution (LTE) network. The evolution of 5G technology and high demand for telematics and infotainment equipment from the automotive sector provide major opportunities for the growth of the RF tunable filter market. However, the high initial cost and short life cycle hinder the growth of the RF tunable filter market growth.
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Aerospace and defense to hold a significant share of the RF tunable filter market by 2023
The aerospace and defense vertical accounts for the largest share of the RF tunable filter market in 2018.Military forces across the world are focusing on adopting advanced communication equipment as the efficient communication is necessary among the military forces for security reasons.
Tunable filters provided for all key military communications and surveillance platforms are used throughout the world. Tunable filters have been used in harsh environmental conditions, as well as placed at critical locations as they enable high-quality communications.
North America to be the largest shareholder in the RF tunable filter market by 2023
North America is expected to hold the largest share of the RF tunable filter market by 2023.Factors such as growing market for wearable devices; rising demand for data communication; increasing demand for communication devices, such as smartphones, tablets, and Voice over IP (VoIP) equipment; and expanding data center applicability are contributing to the growth of the RF tunable filter market in the region.
In addition, the intensity of R&D is high in North America due to the increased presence of academic and research laboratories in this region.
Breakdown of the profiles of primary participants:
• By Company: Tier 1 = 30%, Tier 2 = 35%, and Tier 3 = 35%
• By Designation: C-Level Executives = 45%, Managers = 20%, and Others = 35%
• By Region: North America = 40%, Europe = 30%, APAC = 25%, and RoW = 5%
Major players profiled in this report are as follows:
• Analog Devices (US)
• Dover Corporation (US)
• EXFO (Canada)
• The LGL Group (US)
• Netcom (US)
• Telonic Berkeley (US)
• DiCon Fiberoptics (US)
• RF Products Inc. (US)
• Coleman Microwave Company (US)
• Thorlabs (US)
• Smiths Interconnect (UK and US)
Research Coverage
This report offers detailed insights into the RF tunable filter market segmented on the basis of tuning component, system, vertical, and region.Based on tuning components, the RF tunable filter market has been further segmented into SAW, varactor diodes, MEMS capacitors, oscillator filters, digitally tunable capacitors, and SMD variants.
Based on systems, the market has been segmented into handheld and pocket radios, radar systems, RF amplifiers, software-defined radios, mobile antennae, avionics communications systems, and test and measurement instruments.On the basis of verticals, the RF tunable filter market has been segmented into aerospace & defense, energy & power, smart cities, transportation, TV white spaces, mining, and medical.
The study also forecasts the market size segmented on the basis of 4 main regions—North America, Europe, APAC, and RoW.
Reasons to buy the report
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the RF tunable filter market comprehensively and provides the closest approximation of the overall as well as segment-based market size across different tuning components, systems, verticals, and regions.
2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities pertaining to the RF tunable filter market.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, along with the strategies such as acquisitions, collaborations, partnerships, and agreements adopted by the major market players.
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