RF Tunable Filter Market by Tuning Component (SAW, Varactor Diode, MEMS Capacitor, Oscillator Filter, DTC, and SMD Variant) Global Forecast to 2023
The overall RF tunable filter market was valued at USD 50.7 million in 2017 and is projected to reach USD 87.0 million by 2023, at a CAGR of 9.43% during the forecast period. The base year considered for the study is 2017, and the forecast has been provided for the period from 2018 to 2023.
The strong demand for smartphones and connected devices is driving the growth of the RF tunable filter market. The use of smartphones has grown tremendously over the past decade, with more than 1 billion smartphone users worldwide. This growth can be attributed to the reduced cost of smartphones, improved standard of living, and ubiquity of the internet. As stated by GSM Association (Groupe Spéciale Mobile) (GSMA), global smartphone connections are expected to increase by 2.6 billion by 2020, with developing regions playing a major role. China, being the largest market for consumer electronics, would have more than 600 million smartphone users by 2020.
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The smartphone market in India has the strongest potential to grow exponentially and is expected to add ~500 million mobile connections by 2020. The demand for RF tunable filters is rising with the increasing adoption of smartphones and connected devices. RF tunable filters are used in various high-end mobile phones, tablets, laptops, wearable devices, smart TVs, PCs, cordless phones, and other consumer electronic devices. RF tunable filters based on MEMS capacitors and digitally tuned capacitors are the most popular types of tunable filters used in consumer electronic devices. These tunable filters are widely used in smartphones to minimize the manufacturing cost. Also, these filters are used in smartphones due to the rising telecommunication data traffic as they provide high temperature stability in small cells.
The key players in the market include 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), and Smiths Interconnect (UK and US). These players are increasingly adopting strategies such as contracts, acquisitions, and product launches and developments to expand their product portfolio by developing and introducing new technologies and products in the market.
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