Global Dielectric Filter Market Size to reach US$ 2.8 Bn by 2028.
The Global Dielectric Filter Market Size was valued at US$ 2.3 Bn in 2021 and is projected to reach US$ 2.8 Bn by 2028, at a CAGR of 4.1%.
The Global Dielectric Filter Market Size was valued at US$ 2.3 Bn in 2021 and is projected to reach US$ 2.8 Bn by 2028, at a CAGR of 4.1%. Dielectric filters are created for interconnect applications that required small, light, and high-performance components. In terms of performance and quality, this smaller, lighter, high-density connector significantly exceeds expectations. Like MIL-DTL-38999, these connections are developed and evaluated to mil-spec requirements. Dielectric filters are used in a variety of industrial applications where small dimensions are required.
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The global dielectric filter market is negatively impacted with the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Several governments of few countries are considering national-level lockdowns as a viable means of controlling viral transmission. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the rate of dielectric filter, influencing the management of the dielectric filter supply chain. The Airports Council International (ACI) has cautioned that the COVID-19 outbreak's protracted length will have a substantial impact on the region's airport connectivity and economic sustainability, limiting the region's ability to achieve previously estimated growth possibilities. This chain of occurrences is expected to have a negative influence on the growth of the dielectric filter market in the future years.
High portability is becoming increasingly important in the defense and military industries. Connectivity is required for autonomous robotics, as well as dismounted soldiers, rescue, and recreation equipment. There is a demand for small electronic sensors, detectors, transmitters, and tough wiring that are specifically built to perform on the active battlefield with severe shock, vibration, and extreme environmental exposure to accomplish successful mobile troop technology. On the other hand, the rapid surge in the medical device industry is fueling the usage of dielectric filters around the world. The rising demand for optical filters is also one of the major factors driving the dielectric filters market worldwide. Hospitals, diagnostic laboratories & imaging centers, ambulatory surgery centers & clinics are major applications in the medical device sector. Diagnostic imaging, patient monitoring, cardiology, electrosurgery, dental equipment, and other medical dielectric filters are few applications of the dielectric filters. Every year, the global prevalence of chronic diseases like cancer, arthritis, kidney disease, and cardiovascular disease rises, pushing demand for global dielectric filter market.
The COVID-19 outbreak has had a significant impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, business and manufacturing units in various countries have been closed, and they are expected to remain closed in 2021. Furthermore, the worldwide supply chain has been affected by partial or complete lockdown, making it difficult for manufacturers to contact customers. The COVID-19 pandemic is wreaking havoc on society and the global economy. The impact of this pandemic is expanding by the day, and it is harming worldwide business. The crisis is causing stock market uncertainty, which is leading to a drop in corporate confidence, a major slowdown in supply chains, and an increase in panic among customer segments.
The circular connector segment accounted largest market share in 2020 due to the growing demand for commercial applications and rugged military across the world. The circular connector has multiple benefits coupled with robustness, lightweight, high density, and shock resistance. The consumer electronics segment accounted largest market share in 2020 due to the growing demand for household and commercial applications among the population. Increasing smart devices and smart home is propelling the growth of the global dielectric filter market. Asia Pacific is expected to dominate the market share of global dielectric filter market owing to the increasing demand for the connectors from computers, communications, and consumer electronics applications, as well as for enhanced features and connectivity products. Furthermore, due to increased air passenger traffic, concerns about flight safety, and lower maintenance costs, the region is witnessing enormous expansion in the aviation sector, which has resulted in a demand for dielectric filters. Increasing digitalization and huge population is creating the demand of dielectric filters in the region.
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KEY INDUSTRY DEVELOPMENTS:
September 2021- TE Connectivity acquired ERNI Group AG to expand the product portfolio by focusing on high-speed transmission and fine-pitch connectors for automotive, medical, factory automation, and other industrial applications.
May 2021- Omnetics Connector Corporation has introduced the Kilo 360, a line of custom-designed micro- and nano-dielectric filters and resonators for aerospace and defence applications.
April 2021- Winchester Interconnect has acquired Ulti-Mate Connector to focus on the expansion for the enhancement of growing portfolio of custom interconnect solutions for mission-critical applications and manufacturing capabilities.
February 2021- Amphenol RF has acquired Positronic, a global manufacturer of high reliability/harsh environment electronic connector products.
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