The global radio frequency filters market size is poised to grow by USD 8.95 billion during 2020-2024, progressing at a CAGR of over 12% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Radio Frequency Filters Market 2020-2024 (Graphic: Business Wire)
The surge in data traffic has compelled network carriers to migrate to LTE networks such as 4G and 5G. This exponential use of the cloud has propelled the growth of the commercial networks resulting in LTE becoming the mainstay of mobile technology across the globe. Therefore, network service providers prefer GAN RF technology for LTE due to its ability to provide higher frequency data bandwidth connections. For instance, LTE-A is the next version of LTE developed by the 3rd Generation Partnership Project (3GPP) to satisfy the needs of the International Telecommunication Union (ITU). Additionally, LTE-based devices offer high-speed, allowing consumers to upload and download music, movies, photographs, and watch online TV shows uninterrupted on maximum frequency bands. This has created an opportunity for manufacturers of RF devices to offer solutions that address consumers' demand for faster and smoother access to mobile data. Therefore, the deployment of RF devices will assist LTE wireless networks in providing better services, leading to the adoption of RF filters.
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Report Highlights:
- The major radio frequency filters market growth came from cellular devices. The anticipated rollout of 5G networks during the forecast period would require cellular phones that can operate at higher frequency bands. Moreover, as 5G networks require greater network bandwidth, RF filters can be integrated into 5G-capable devices and can also be engineered with multiple-input and multiple-output (MIMO) and carrier aggregation. Market growth in this segment will be faster than the growth of the market in the GPS devices and tablets segment.
- APAC had the largest radio frequency filter market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing mobile device market and the presence of leading mobile device manufacturers will significantly influence radio frequency filters market growth in this region. China, South Korea, Japan, and the US are the key markets for radio frequency filters in APAC. Market growth in this region will be slower than the growth of the market in MEA and South America.
- The global radio frequency filters market is fragmented. AVX Corp., Broadcom Inc., Murata Manufacturing Co. Ltd., Qorvo Inc., Qualcomm Technologies Inc., Skyworks Solutions Inc., STMicroelectronics NV, Tai-Saw Technology Co. Ltd., Taiyo Yuden Co. Ltd., and TDK Corp. are some of the major market participants. To help clients improve their market position, this radio frequency filter market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global radio frequency filters market 2020-2024 is expected to have Neutral and At par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Growing Popularity of RF SOI will be a Key Market Trend
Silicon on insulator (SOI) technology helps in improving the performance of microelectronics by reducing parasitic device capacitance. SOI-based devices are different from conventional silicon-built devices where the silicon junction is above an electrical insulator, which is generally silicon dioxide or sapphire. The choice of insulator is largely dependent on the intended application, wherein, high-performance RF devices use sapphire insulators, while silicon insulators are used for diminished short-channel effects in microelectronics devices. The growing popularity of RF SOI is one of the critical radio frequency filters market trends as it improves the performance level in microelectronics. Several organizations are looking forward to connecting SOI innovation to effective RF applications in cell phones and cell radios.
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Radio Frequency Filters Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist radio frequency filters market growth during the next five years
- Estimation of the radio frequency filters market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the radio frequency filters market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of radio frequency filters market vendors
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Cellular devices Market size and forecast 2019-2024
- GPS devices Market size and forecast 2019-2024
- Tablets Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by application
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
- Market segmentation by technology
- Comparison by technology
- SAW filters Market size and forecast 2019-2024
- BAW filters Market size and forecast 2019-2024
- Market opportunity by technology
PART 08: CUSTOMER LANDSCAPE
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Growing popularity of RF SOI
- Use of new materials for manufacture of RF devices
- Automation in automobiles
- Explosive growth of wireless computing devices
- along with the advent of IoT
- Growing number of smart cities
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- AVX Corp.
- Broadcom Inc.
- Murata Manufacturing Co. Ltd.
- Qorvo Inc.
- Qualcomm Technologies Inc.
- Skyworks Solutions, Inc.
- STMicroelectronics NV
- Tai-Saw Technology Co. Ltd.
- Taiyo Yuden Co. Ltd.
- TDK Corp.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
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