Global Electronic Filters Market: Information By Type (Low Pass Filter, High Pass Filter, Bandpass Filter, Band Reject Filter, All-Pass Filter), By Application (Power Supplies, Audio Electronics, Radio Communications, Analog to Digital Communication), By End-User (Consumer Electronics, Automotive, Telecommunication, Aerospace and Defense), and By Region (North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

The global electronic filters market size was valued at USD 16 billion in 2023 and is projected to reach USD 37.2 billion by 2032, registering a CAGR of 10% during the forecast period (2024-2032). The market for electronic filters is expanding due to the continuous demand for consumer electronics such as game consoles, smart TVs, and audio systems. 

An electrical filter is a network that selectively permits signals within a specified frequency range to pass through while preventing signals outside of this range from getting through. The increasing utilization and integration of intelligent, interconnected devices in various sectors, including corporations and companies, such as laptops, desktops, smartphones, and tablets, has led to a corresponding growth in security issues. Visual hacking, a prevalent and conventional hacking, poses a significant hazard. When individuals depart from their corporate work environment, it creates an opportunity for unauthorized access to sensitive company information.

Additionally, the electronic filter market is experiencing growth due to several factors. These include the increasing use of smartphones, connected devices, and IoT devices and the rising demand for radar systems in the global military sector. Additionally, there is a growing need for new and advanced planes for commercial and military applications and an escalating demand for software-defined radios.

Highlights

• Low pass filter generates the highest revenue share based on type.
• Radio communications accounts for the largest market share by application.
• Telecommunication accounts for the largest market share by end users.

Market Dynamics

Global Electronic Filters Market Drivers:

Rising Utilization of Electronic Filters in the Telecommunication Industry 

Electronic filters are predominantly utilized in the telecommunication sector, specifically for applications such as power supply and communication systems. Their primary purpose is to selectively allow desired signals to flow while blocking or rejecting undesired signals. In addition, electronic filters are employed to eliminate unwanted high frequencies and noise on AC input lines, preventing the noise from entering and interfering with the functioning of the telecommunication equipment.

Additionally, the telecommunication business is growing due to the expanding deployment of 5G infrastructure and the rising demand for high-speed communication and cloud-based services. Telefonica implemented its 5G services in approximately 1,400 towns and cities in Spain in 2022. The company aims to expand its coverage to 2,400 municipalities by the end of 2023, representing a growth rate of 71.4%. Consequently, the market is seeing growth due to the rising use of electronic filters in 5G base stations and advanced communication systems, which is a result of the expansion of 5G infrastructure and the growth of the telecommunication industry.

Growing Aerospace and Defense Sector 

An electronic filter ensures the safety and efficiency of aircraft power sources and electronic systems. Electronic filters are employed in the aerospace and military industry to safeguard delicate equipment from power surges and spikes, eliminate undesirable harmonics, and minimize electromagnetic interference (EMI). The growth of the aerospace and defense sector is primarily driven by factors such as the expanding production of aircraft, the expansion of commercial flying activities, and the growing investments in air defense systems. In December 2022, Dassault Aviation introduced its Rafale fighter aircraft for use by the Directorate General of Armaments, a military procurement body based in France. In addition, Airbus achieved an 8% increase in commercial aircraft deliveries in 2022, delivering 661 aircraft compared to 611 in 2021.

Consequently, the expanding aviation and defense industry is fueling electronic filters in aircraft power electronic systems, such as displays, communication and navigation electronics, and other related applications. The reasons above are contributing to the expansion of the industry.

Global Electronic Filters Market Restraints:

Stringent Regulations 

Manufacturers of electronic filters must adhere to strict standards such as Restrictions of Hazardous Substances (RoHS), International Organization for Standardization (ISO: 31.160), MIL-STD (Military Standard), and others. This requirement significantly hinders market growth. The ISO: 31.160 standard applies to electrical and electronic filters. It assures that a firm has established, maintains, and consistently enhances its business processes with relevant quality standards.

In addition, electronic filters developed explicitly for aerospace and defense use must adhere to the MIL-PRF-15733 and MIL-PRF-28861 specifications. Hence, the rules above and standards related to electronic filters impede the expansion of the market.

Global Electronic Filters Market Opportunity:

Rising Adoption of Electric Vehicles 

The increasing usage of electric vehicles is anticipated to offer new prospects for expanding the electronic filters industry. Electronic filters are commonly employed to eliminate unwanted high frequencies and noise in the power supplies of electric vehicles. These power supplies are then utilized to provide power to various electric car components, such as inverters, motors, converters, and others. Furthermore, using electronic filters in electric vehicles guarantees a dependable power supply for the in-car entertainment system, battery management system, and other components such as the radio and auxiliary equipment in electric cars.

In addition, the popularity of electric vehicles is driven by various factors, such as advancements in electro-mobility, a wide selection of models, their eco-friendliness, and the availability of subsidies and tax refunds. The International Energy Agency (IEA) reported a substantial increase in global electric car sales in 2022. According to the International Energy Agency (IEA), global electric vehicle sales hit 2 million units in the first quarter of 2022, showing a 75% increase compared to the same period in 2021.

Therefore, the increasing acceptance of electric cars is expected to boost the usage of electronic filters in EV power supply and electronic systems, thereby creating chances for market expansion in the projected timeframe.

Regional Analysis

The global electronic filters market analysis is conducted across North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

Asia-Pacific Dominates the Global Market

Asia-Pacific is the most significant global electronic filter market shareholder and is estimated to grow at a CAGR of 10.2% over the forecast period. The rapid industrialization and development in the region are creating profitable opportunities for market expansion. Moreover, the expansion of sectors such as automotive, consumer electronics, communications, and others is propelling the market growth for electronic filters in the Asia-Pacific region. According to the International Organization of Motor Vehicle Manufacturers, automobile production in the Asia-Pacific increased by 7% in 2022, reaching a total volume of 50.02 million. This is in contrast to the 46.76 million produced in 2021. Consequently, the increasing automotive industry in Asia-Pacific is fueling the adoption of electronic filters to guarantee a dependable power supply for in-car entertainment systems, battery management systems, and other electronic components. The abovementioned elements are anticipated to enhance market expansion in the region throughout the projected timeframe. 

As developing economies, China, India, and Japan drive market expansion significantly. China dominates the market in the APAC region and has the most critical market share. The expansion is ascribed to the region's firmly established electronics, semiconductor, and telecommunication sectors. The significant presence of electronic device manufacturing businesses in the region is driving the expansion of the market. The market in the area is experiencing considerable expansion due to the increasing use of LTE and VoLTE networks and the adoption of sophisticated technologies like IoT, cloud computing, and virtual reality.

North America is anticipated to exhibit a CAGR of 10.6% over the forecast period. 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 stations, power supply units, and communication systems for providing improved signals, are among the prominent 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, driving market growth in the North American region. Further, factors, including the increasing investment in electric vehicles and air defense systems, are projected to foster market growth in North America during the forecast period. 

In Europe, the growing utilization of electronic devices in industries including automotive, telecommunications, and consumer electronics drives the need for electronic filters to improve signal quality and reduce electromagnetic interference. Furthermore, technological progress, specifically in wireless communication and IoT applications, necessitates intricate filtering techniques to uphold the integrity of signals.

Moreover, strict laws about electromagnetic compatibility and radio frequency interference propelled the market for high-performance electronic filters. Moreover, the rising focus on energy efficiency and sustainability promotes the advancement of environmentally friendly filter solutions, stimulating market expansion.

Segmental Analysis

The global electronic filter market is segmented based on type, application, and end user. 

The market is segmented by type into Low Pass Filter, High Pass Filter, Bandpass Filter, Band Reject, and All-Pass Filter.

The low Pass Filter segment dominated in 2023. A low-pass filter allows frequencies below a designated cut-off frequency range to flow through while preventing frequencies beyond this range from passing through. Typically, it consists of an inductor connected in series with a capacitor connected in parallel with the load, thus diverting high-frequency current. The widespread use of low pass filters in audio amplifiers, equalizers, and speaker systems drives the market's expansion.

The high pass filter segment is anticipated to register the fastest CAGR growth during the forecast period. A high-pass filter is an electrical device that allows signals with a frequency higher than a specific cut-off frequency to pass through while reducing the strength of signals with frequencies below the cut-off frequency. Furthermore, high-pass filters can effectively eliminate noise and enhance signal quality. The attributes above of high pass filters have led to their growing adoption in several industries, such as consumer electronics, automotive, and telecommunication. KYOCERA AVX Components Corporation provides a variety of multilayer organic high-pass filters in its product lineup.

Additionally, the high-pass filters possess a wide range of high frequencies and minimal insertion loss. They are engineered explicitly for telecommunication, consumer electronics, and other industries. Consequently, the increasing adoption of high-pass filters in telecommunication and other industrial sectors is expected to drive market expansion in the foreseeable years.

The market is segmented by application into power supplies, audio electronics, radio communications, analog communications, and digital communications.

The radio communications segment dominated in 2023. Electronic filters are frequently employed in communication systems to exclude undesirable frequency components from the input signal while amplifying the desired frequencies. Furthermore, the capacity of electronic filters to eliminate unwanted elements like noise, distortion, and interference from the input signal is a critical factor that promotes their use in communication systems. According to the Department of Telecommunication of India, the number of 5G base stations deployed in India as of August 2023 was 324,192 units. This represents a rise of over 100% compared to the 53,590 base stations deployed in January 2023.

Hence, the increasing advancement of 5G infrastructure is crucial for using electronic filters in telecommunication systems to exclude undesired elements from signals, thereby promoting market expansion.

The power supplies segment is the fastest growing. Electronic filters eliminate unwanted high frequencies and noise in power supply systems, particularly AC input lines. Electronic filters are used in power supply to prevent the intrusion of noise and the subsequent disturbance of the functioning of electrical equipment. P-DUKE Technology Co. Ltd. Introduced its latest line of AC/DC power supply (TBF500) in February 2023, boasting an impressive efficiency rating of up to 93%.

Furthermore, the AC/DC power supply series is specifically engineered for applications with high operating temperatures and provides exceptional reliability to a wide range of equipment, such as 5G communication devices, robots, defense systems, and industrial automation technology. Therefore, the increasing advancements in the power supply system are expected to enhance the growth of this segment throughout the projected timeframe.

The audio electronics segment is the second largest. Electronic filters are employed in audio electronics to reduce undesirable noise from the audio stream and enhance the output audio quality. These filters are extensively utilized in audio electronics, including microphones, speakers, and other audio hardware devices, contributing to the expansion of the industry.

The market is segregated into Consumer Electronics, Automotive, Telecommunication, Aerospace and Defense, and Others based on the end-user. 

The telecommunication segment dominated in 2023. The growth of the telecommunication segment is driven by factors such as the expanding deployment of 5G infrastructure and the growing demand for high-speed communication and cloud-based services. Viavi Solutions Inc. reports that as of January 2022, almost 1,947 cities worldwide have implemented 5G services. Additionally, 635 new 5G cities were added in 2021.

Hence, the expansion of the IT and telecommunication sector is propelling the uptake of electronic filters for their application in 5G base stations and advanced communication systems, thereby stimulating market growth.

The Aerospace and defense segment is the fastest growing. The aerospace and military sector is seeing significant growth due to many factors, such as the increasing production of aircraft, the expansion of commercial flight operations, and the rising investments in air defense systems, among other reasons. In September 2022, the French Government declared its intention to invest almost USD 8.8 billion in the aircraft industry over the next three years. The investment seeks to enhance France's self-sufficiency in space access and safeguard national interests in aerospace defense. An electronic filter ensures the safety and efficiency of aircraft power sources and electronic systems.

Consequently, the increasing investments in the aerospace and military sectors are expected to propel market growth over the forecast period.

Recent Developments

• March 2024 – Delta, a prominent international supplier of IoT-driven environmentally friendly solutions, declared its involvement at the NVIDIA GTC AI conference to showcase its cutting-edge digital replica platform, built on NVIDIA Omniverse, to augment its intelligent manufacturing capabilities. The exhibit also presents Delta's ORV3 AI server infrastructure solution, which incorporates a power supply with an impressive efficiency of up to 97.5%. Additionally, it contains a diverse range of state-of-the-art DC/DC converters, power chokes, and 3D Vapor Chambers specifically intended to facilitate GPU operations.
• January 2024 - TDK Corporation (TSE:6762) broadened its range of single-phase EMC filters by introducing the B84742A*R725 series. These components can function in AC and DC applications with voltages up to 250 V and rated currents ranging from 6 A to 30 A. This indicates that they can be utilized for the growingly prevalent DC infrastructure in the industrial and building domains.