A recent report published by Infinium Global Research on RF tunable filters market provides an in-depth analysis of segments and sub-segments in the global as well as regional RF tunable filters market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional RF tunable filters market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global RF tunable filters market. According to the report, the global RF tunable filters market is projected to grow at a CAGR of 9.42% over the forecast period of 2019-2025.
The development of wireless and connected devices have changed the dynamics of information technology and telecommunication industry. The devices are packed with components that help in effective and long-range connectivity. Radio frequency (RF) tunable filters are one of the components that are implemented in the devices to receive and amplify a particular wavelength in the spectrum. These filters are extensively used in radios, mobile antennae, RADAR systems, medical instruments, wireless equipment, and navigation systems. The RF tunable filters market is fragmented with the number of small-cap players competing with the big players in the market.
According to WorldoMeters U.N. data, about 66.65 % of the world’s population have smartphones. By the end of 2017, Gartner estimated that about 8.4 billion devices would be connected. The increase in the penetration of smartphones and connected devices is majorly driving the RF tunable filters market. Moreover, the growing adoption of long-term evolution (LTE) network by the devices is expected to boost the growth of the RF tunable filters market. The development of the 4G LTE network has improved the connectivity of the devices and enhanced the user experience. However, the high installation cost and the short life-cycle of the devices are the major restraining factor for the growth of the RF tunable filters market. Nevertheless, the development of 5G technology and growing demand for telematics and infotainment devices are expected to offer lucrative opportunities for the key players in the RF tunable filters market.
In terms of geography, North America generated the highest revenue for the RF tunable filters, dominating the global market. The highest market share of the North America region attributed to the availability of technologically advanced devices and better telecommunication infrastructure in this region. Moreover, the higher penetration of smartphones and connected devices and the presence of major market players are expected to boost the growth of the RF tunable filters market in North America. While the Asia-Pacific market for the RF tunable filters has witnessed the highest growth rate owing to the growing demand for smartphones and an increase in government spending to improve the telecom infrastructure.
The report on global RF tunable filters market covers segments such as system, and vertical. On the basis of system, the sub-markets include handheld & pocket radios, RF amplifiers, radar system, software define radios, mobile antenna, avionics communication systems, and test & measurement systems. On the basis of vertical, the sub-markets include aerospace and defense, energy and power, automotive, consumer electronics, medical, and other verticals.
The report provides profiles of the companies in the market such as Analog Devices, Inc., Dover Corporation, EXFO Inc., LGL Group, Inc., Netcom Technologies, Telonic Berkeley Inc, DiCon Fiberoptics, Inc., Thorlabs, Inc., RF Products Inc., Smiths Group plc, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of RF tunable filters market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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