PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424479
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424479
Global dielectric filter market size is estimated to be valued at US$ 2.73 Bn in 2023 and is expected to reach US$ 4.53 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023/2024: | US$ 2.73 Bn |
Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 7.50% | 2030/2031 Value Projection: | US$ 4.53 Bn |
The dielectric filter market has been growing steadily over the few years due to the rising demand for telecommunication applications across the globe. A dielectric filter is a frequency selective filter that is used in radio transmitters and receivers to separate signals in different frequency bands. It consists of resonator elements made of ceramic dielectric materials instead of inductors and capacitors. These filters provide good frequency selectivity along with wide frequency range, miniaturization, compatibility with monolithic microwave integrated circuits (MMICs) and temperature stability. With growing adoption of 5G networks and increasing mobile data consumption, the demand for high-performance dielectric filters is expected to rise substantially in the coming years. Rising investments by telecom operators in 5G infrastructure roll-outs are fueling demand for dielectric filters globally. Additional factors such as proliferation of IoT devices and growing aerospace and defense budgets of nations are also fueling market opportunities for dielectric filter manufacturers. However, high costs that are associated with dielectric filter manufacturing poses a challenge for greater adoption. Innovation in materials and production processes would be vital for the dielectric filter industry to tap emerging opportunities.
Global dielectric filter market is driven by the rising demand for advanced telecommunication networks. Rising adoption of 5G technology worldwide and increasing mobile data usage has boosted the demand for high-performance dielectric filters in base station equipment. However, high costs that are associated with developing advanced dielectric filter technology could hamper the market growth. The development of highly miniaturized and wideband dielectric filters presents significant opportunity in this market. Adoption of dielectric filters in other verticals such as aerospace & defense and industrial applications is expected to create new avenues for market players.