A resourceful research report on global tunable filter market published by Future Market Insights reflects the value and volume trajectories over a period of ten years. It includes value analysis of various segments of the tunable filter market. According to the exhaustive research report on global tunable filters, the global market is expected to witness a stellar growth rate in the coming years.
Attributes | Details |
---|---|
Estimated Market Value (2017) | USD 77 million |
Projected Market Revenue (2027) | USD 159 million |
Value-based Market CAGR (2017 to 2027) | 8.1% |
This market is poised to grow at a value CAGR of 7.4% throughout the period of assessment 2017 to 2027. During this period, the global market is also anticipated to reflect a 2x increase in revenue. In 2017, the global tunable filter market is valued at around USD 77 million and is estimated to reach a value a bit over USD 159 million in 2027.
Wireless communication equipment to extensively make use of tunable filters in the coming years
Use of tunable filters has been increasing across several application areas. However, the demand for tunable filters has been meteoric in the wireless communication equipment sector. The wireless communication equipment segment in the application category was valued at around USD 62 million in 2017 and is estimated to reach a high valuation of more than USD 135 million by the end of the year of assessment.
During the period of assessment, 2017 to 2027, the wireless communication equipment segment is expected to register a stellar value CAGR of 8.1%. Moreover, the Y-o-Y growth of the wireless communication equipment segment is comparatively high than other application segments during 2017 to 2027 timeline.
Market statistics | Details |
---|---|
H1,2021 (A) | 8.0% |
H1, 2022 Projected (P) | 7.4% |
H1, 2022 Outlook (O) | 7.1% |
BPS Change: H1,2022 (O)-H1,2022(P) | (-)30 |
BPS Change : H1,2022 (O)-H1,2021(A) | (-)90 |
Tunable filters are primarily used for obtaining the required frequencies from a band of frequencies. COVID-19 and Russia-Ukraine war however has had negative impacts on the tunable filter market. As per FMI analysis, H1,2022(O)-H1,2022(P) witnessed a decline of 30 BPS points.
Tunable filters find an application in satellites, but due to the negative impact which the satellite market had to bear due to the Russian trade sanctions, tunable filter market was negatively impacted as well. Aeronautical industry which uses tunable filters for communication have been impacted because of the pandemic, since the passengers travelling via flights is yet to reach pre-pandemic levels.
Furthermore, H1,2022(O)-H1,2021(A) witnessed a decline of 90 BPS points. Semiconductor supply chain impacted the decline of the tunable filter market to a large extent. An example of this is automobile industry, which uses tunable filters for radio and other wireless communication. But due to COVID-19 and semiconductor disruption, there was a decline in sales and slowdown in deployment.
Tunable filters are also used in military vehicular mount radio components and in tactical radio. These application areas are expected to show a similar adoption rate of tunable filters. The military vehicular mount radio components and tactical radio segments are projected to grow at a value CAGR of 3.5% and 3.4% respectively throughout the period of forecast, 2017 to 2027.
However, the military vehicular mount radio components segment is a shade better with respect to market valuation owing to high traction of tunable filters in this sector. The military vehicular mount radio components segment stood at around USD 5 Million in 2017 and is anticipated to reach a value a bit higher than USD 7 by the end of the year of assessment. On the other hand, the tactical radio segment is expected to reach a value of about USD 5 Million by the end of the forecast period (2027).
The tunable filter market is expected to witness high growth potential in North America, Asia Pacific excluding Japan (APEJ) and Western Europe during the forecast period. In Asia Pacific excluding Japan (APEJ), the use of tunable filters in wireless communication equipment is expected to portray a huge growth rate and the wireless communication equipment segment in APEJ is projected to register a CAGR of 7.2% during the assessment period.
In North America, the wireless communication equipment is poised to register a stellar CAGR of 8.4% to touch a value higher than USD 40 Million by the end of the assessment period. In Western Europe, wireless communication segment is expected to grow at a CAGR of 7.4% during the forecast period to reach a significant market valuation.
Table 01: North America Market Value (US$ Mn) by Application, 2012-2016
Table 02 (1/2): North America Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 02 (2/2): North America Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 03: Western Europe Market Value (US$ Mn) by Application, 2012-2016
Table 04 (1/2): Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 04 (2/2): Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 05: Eastern Europe Market Value (US$ Mn) by Application, 2012-2016
Table 06 (1/2): Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 06 (2/2): Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 07: Latin America Market Value (US$ Mn) by Application, 2012-2016
Table 08 (1/2): Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 08 (2/2): Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 09: APEJ Market Value (US$ Mn) by Application, 2012-2016
Table 10 (1/2): APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 10 (2/2): APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 11: Japan Market Value (US$ Mn) by Application, 2012-2016
Table 12 (1/2): Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 12 (2/2): Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 13: MEA Market Value (US$ Mn) by Application, 2012-2016
Table 14 (1/2): MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 14 (2/2): MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 15: Global Market Value (US$ Mn) by Application, 2012-2016
Table 16 (1/2): Global Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Table 16 (2/2): Global Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2017-2027
Figure01: Global Market Value (US$ Mn), 2017-2027
Figure02: Global Market Value (US$ Mn) by Application, 2017 (A)
Figure03: Global Market Value (US$ Mn) by Application, 2027 (F)
Figure04: Global Market Share by Region, 2017 (A)
Figure05: Global Market Share by Region, 2027 (F)
Figure06: Region-wise mobile contribution to GDP
Figure07: Worldwide Internet Users
Figure08: Worldwide ICT spending
Figure09: Global Market Value (US$ Mn), 2012-2016
Figure 10: Global Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure 11: Global Market Absolute $ Opportunity (US$ Mn), 2016-2027
Figure12: U.S. Market Value (US$ Mn), 2012-2016
Figure13: U.S. Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure14: Canada Market Value (US$ Mn), 2012-2016
Figure15: Canada Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure16: North America Market Attractiveness Index by Country, 2017-2027
Figure17: North America Market Attractiveness Index by Application, 2017-2027
Figure18: Germany Market Value (US$ Mn), 2012-2016
Figure19: Germany Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure20: France Market Value (US$ Mn), 2012-2016
Figure21: France Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure22: U.K. Market Value (US$ Mn), 2012-2016
Figure23: U.K. Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure24: Spain Market Value (US$ Mn), 2012-2016
Figure25: Spain Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure26: Italy Market Value (US$ Mn), 2012-2016
Figure27: Italy Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure28: BENELUX Market Value (US$ Mn), 2012-2016
Figure29: BENELUX Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure30: Nordic Market Value (US$ Mn), 2012-2016
Figure31: Nordic Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure32: Western Europe Market Attractiveness Index by Country, 2017-2027
Figure33: Western Europe Market Attractiveness Index by Application, 2017-2027
Figure34: Russia Market Value (US$ Mn), 2012-2016
Figure35: Russia Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure36: Poland Market Value (US$ Mn), 2012-2016
Figure37: Poland Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure38: Eastern Europe Market Attractiveness Index by Country, 2017-2027
Figure39: Eastern Europe Market Attractiveness Index by Application, 2017-2027
Figure40: Brazil Market Value (US$ Mn), 2012-2016
Figure41: Brazil Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure42: Mexico Market Value (US$ Mn), 2012-2016
Figure43: Mexico Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure44: Latin America Market Attractiveness Index by Country, 2017-2027
Figure45: Latin America Market Attractiveness Index by Application, 2017-2027
Figure46: China Market Value (US$ Mn), 2012-2016
Figure47: China Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure48: India Market Value (US$ Mn), 2012-2016
Figure49: India Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure50: Australia and New Zealand Market Value (US$ Mn), 2012-2016
Figure51: Australia and New Zealand Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure52: ASEAN Market Value (US$ Mn), 2012-2016
Figure53: ASEAN Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure54: APEJ Market Attractiveness Index by Country, 2017-2027
Figure55: APEJ Market Attractiveness Index by Application, 2017-2027
Figure56: Japan Market Attractiveness Index by Application, 2017-2027
Figure57: GCC Countries Market Value (US$ Mn), 2012-2016
Figure58: GCC Countries Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure59: Turkey Market Value (US$ Mn), 2012-2016
Figure60: Turkey Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure61: Northern Africa Market Value (US$ Mn), 2012-2016
Figure62: Northern Africa Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure63: South Africa Market Value (US$ Mn), 2012-2016
Figure64: South Africa Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure65: MEA Market Attractiveness Index by Country, 2017-2027
Figure66: MEA Market Attractiveness Index by Application, 2017-2027
Figure67: Global Market Value Share (%) by Region, 2017 & 2027
Figure68: Global Market Value Y-o-Y Growth Comparison by Region, 2017 & 2027
Figure69: North America Market Value (US$ Mn), 2012-2016
Figure70: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure71: Latin America Market Value (US$ Mn), 2012-2016
Figure72: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure73: Western Europe Market Value (US$ Mn), 2012-2016
Figure74: Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure75: Eastern Europe Market Value (US$ Mn), 2012-2016
Figure76: Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure77: APEJ Market Value (US$ Mn), 2012-2016
Figure78: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure79: Japan Market Value (US$ Mn), 2012-2016
Figure80: Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure81: MEA Market Value (US$ Mn), 2012-2016
Figure82: MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017-2027
Figure83: Global Market Value Share (%) by Application, 2017 & 2027
Figure84: Global Market Value Y-o-Y Growth Comparison by Application, 2017 & 2027
Figure85: Global Market Attractiveness Index by Region, 2017-2027
Figure86: Global Market Attractiveness Index by Application, 2017-2027
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