Electronic Filters Market - Size, Industry Share, Growth Trends and Forecasts (2023 - 2031)

By Type :

Based on the type, the market is bifurcated into high pass filter, low pass filter, band pass filter, band reject filter, and others. The low pass filter segment accounted for the largest revenue share of 37.39% in the year 2022. Low pass filter refers to a type of electronic filter that are capable of passing signals with a frequency lower than a selected cut-off frequency while attenuating signals with frequencies higher than the cut-off frequency. Moreover, low pass filters offer several benefits including smoother form of signal, removal of short-term fluctuations and removal of aliasing effect among others. Additionally, low pass filters are deployed in various applications including audio electronics, power supplies, communication systems, and others.

For instance, STMicroelectronics offers MLPF-WB-01D3 model of low pass filters in its product portfolio. The low pass filter offers several features including low insertion loss, small footprint, and high RF performance. Thus, the rising advancements associated with low pass filters are among the prime factors driving the growth of the market.

The high pass filter segment is anticipated to register the fastest CAGR growth during the forecast period. High pass filter refers to an electronic filter that is designed for passing signals with a frequency higher than a certain cut-off frequency and attenuating signals with frequency range lower than the cut-off frequency. Moreover, high pass filters are capable of efficiently eliminating noise and improving signal quality. The above characteristics of high pass filters are increasing the utilization in consumer electronics, automotive, and telecommunication industries among others.

For instance, KYOCERA AVX Components Corporation offers a range of multilayer organic high pass filters in its product portfolio. The high pass filters feature high frequency range and low insertion loss and are designed for application in telecommunication, consumer electronics, and other industries. Thus, the rising development of high pass filters for telecommunication and other industrial applications is anticipated to boost the growth of the market during the forecast period.

By Application :

Based on the application, the market is segregated into power supplies, audio electronics, communication system, and others. The communication system segment accounted for the largest revenue share in the year 2022. Electronic filters are commonly used in communication systems for removal of unwanted frequency components from the applied signal, while enhancing the desired signals. Moreover, the ability of electronic filters to remove unwanted components such as noise, distortion, and interference from the input signal is a prime factor driving its application in communication systems.

For instance, according to the Department of Telecommunication of India, the overall deployment of 5G base stations reached up to 324,192 units across India as of August 2023, witnessing a significant growth of over 100% from 53,590 base stations in January 2023. Therefore, the rising development of 5G infrastructure is a prime factor driving the application of electronic filters in telecommunication systems for removal of unwanted components from signal, in turn proliferating the electronic filters market demand.

Power supplies segment is expected to witness the fastest CAGR growth during the forecast period. Electronic filters are used for eliminating undesired high frequencies and noise that are present in power supplies units including AC input lines. Electronic filters are used in power supplies for blocking the noise from entering and disrupting the operation of the electrical equipment.

In February 2023, P-DUKE Technology Co. Ltd. launched its new series of AC/DC power supply (TBF500) with up to 93% efficiency. The AC/DC power supply series are designed for high operating temperature applications and offers high reliability to various equipment including 5G communication, robotics, defense, and factory automation among others. Thus, the rising innovations associated with power supply system is anticipated to boost the growth of the segment during the forecast period.

By End-User :

Based on the end-user, the market is segregated into consumer electronics, automotive, telecommunication, aerospace & defense, and others. The telecommunication segment accounted for the largest revenue share in the year 2022. Factors including increasing deployment of 5G infrastructure and growing demand for high speed communication and cloud-based services are driving the growth of the telecommunication segment.

According to Viavi Solutions Inc., approximately 1,947 cities across the globe deployed 5G services as of January 2022, along with the addition of 635 new 5G cities in 2021. Therefore, the growth of IT & telecommunication industry is driving the adoption of electronic filters for its utilization in 5G base stations and advanced communication systems, in turn fostering the electronic filters market growth.

Aerospace & defense segment is expected to witness fastest CAGR growth during the forecast period. The growth of aerospace & defense segment is primarily driven by multiple factors including rising aircraft production, growing commercial flight activities, and increasing investments in air defense systems among others.

For instance, in September 2022, the French Government announced an investment of approximately USD 8.8 billion in the aerospace industry in the upcoming three years. The investment aims at facilitating France's autonomy in accessing space and protecting national interests in aerospace defense. Electronic filter is an essential safety and efficiency tool for aircraft power supplies and electronic systems. Thus, the growing investments in aerospace & defense sector is projected to drive the market growth during the forecast period.

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America is estimated to reach over USD 15.41 Billion by 2031 from a value of USD 6.54 Billion in 2022 and is projected to grow by USD 7.05 Billion in 2023. The market growth for electronic filters in the North American region is primarily driven by its utilization in telecommunication, automotive, aerospace & defense, and other industries. Moreover, the rising deployment of electronic filters in telecommunication infrastructure including base station, power supply units, and communication systems for providing improved signals are among the significant factors driving the market growth in the region.

For instance, according to the GSM Association, the overall deployment of 5G connections in North America reached approximately 140 million as of 2022. Thus, the growing telecommunication industry is fostering the deployment of electronic filters, in turn driving market growth in the North American region. Further, factors including the increasing investment in the field of electric vehicles and air defense systems are projected to drive the market growth in North America during the forecast period.

Asia-Pacific is expected to grow with the highest CAGR growth of 10.8% and is estimated to reach over USD 10.76 Billion by 2031 from a value of USD 4.39 Billion in 2022 and is projected to grow by USD 4.75 Billion in 2023. In addition, in the region, the China accounted for the maximum electronic filters market share of 30.7% in the same year.

The increasing pace of industrialization and development is providing lucrative growth prospects for the market in the region. Further, factors including the growth of various industries including automotive, consumer electronics, telecommunication, and others are driving the market growth for electronic filters in the Asia-Pacific region.

For instance, according to the International Organization of Motor Vehicle Manufacturers, the total volume of automotive production across the Asia-Pacific region reached 50.02 million in 2022, demonstrating an increase of 7% in contrast to 46.76 million in 2021. Thus, the growing automotive sector in the Asia-Pacific region is driving the utilization of electronic filters to ensure the provision of a reliable power source for in-car entertainment system and battery management system along with other automobile electronic components. The above factors are expected to boost market growth in the region during the forecast period.