Electronic Filters Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.22 Billion |
| Market Size (2029) | USD 2.25 Billion |
| CAGR (2024 - 2029) | 12.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Electronic Filters Market Analysis
The Privacy Filters Market size is estimated at USD 1.22 billion in 2024, and is expected to reach USD 2.25 billion by 2029, growing at a CAGR of 12.90% during the forecast period (2024-2029).
- With the expanding service and application of smart connected devices, such as laptops, smartphones, desktops, and tablets, in companies and enterprises, security problems are also increasing. Visual hacking, one of the most common and traditional hacking techniques, is one such threat. It allows workers to spy on confidential company information anytime they leave the office.
- Data security becomes more critical as more firms transition to digital processes. Business representatives or IT experts who work with or have access to susceptible data belonging to a company or client may occasionally be required to travel or access the data in public locations, expanding the risk of sensitive data exposure.
- Unauthorized eyes may view the data displayed on a laptop, monitor, or tablet. While antivirus software, encryption, and authentication are the mainstays of traditional data security, physical screen privacy could play a noteworthy role in a comprehensive data protection program.
- Advanced online payment processes also necessitate privacy filters. Sensitive information on the screen displaying passwords and PINs can be picked up by onlookers and used later for malicious activities. Personal data, like messages, chats, pictures, and contacts, must be protected in an exposed environment, driving the demand for privacy filters.
- The prevalence of screen filters is simple to apply and remove. They are available as clip-ons or in magnetic form for monitors. Detachable adhesive privacy filters are widely available for tablets, laptops, and smartphones that adhere to the screen, similar to a typical screen protector; however, the lack of knowledge is a significant barrier to the market's overall growth.
- The typical workplace has evolved post-COVID-19. Sensitive information shown on computer displays is more vulnerable to wandering eyes because many employees choose to work from areas outside of the workplace. Privacy filters are an affordable and straightforward way to prevent visual hackers and pry eyes from seeing critical screen information. This is expected to contribute to the demand for privacy filters during the forecast period.
Electronic Filters Market Trends
Financial Institutions Are Expected to Hold a Major Share
- The need for electronic filters will grow significantly in financial institutions over the coming years. With rising customer security sensitivity, growing data breaches, and an increasingly complex legal and regulatory environment, consumer data needs to be protected while stored, transferred, and viewed. Consumer data protection and internal financial statements are becoming essential in financial institutions, driving the need for electronic filters.
- Financial institutions are continuously discovering new ways to use and access data to rescue customers and the company, serve customers better, and find new revenue sources. In this new era, bankers have greater customer data access than ever.
- However, as this data lake widens, critical privacy issues arise, and visual privacy becomes increasingly difficult to control. Electronic filters offer visual privacy to protect data, thus finding significant applications in financial institutions. According to Kroll's data, the finance sector recorded 27% of data breaches in 2023, compared to 19% in 2022. Thus, companies invest in data protection to prevent data exploitations.
- Banks and other financial institutions worldwide are under increasing scrutiny to ensure they have the appropriate security measures in place, especially in the wake of the numerous high-profile data breaches that have occurred over the past few years. Privacy filters are ideal for adding security to personal and confidential information on a computer display.
- Further, to remain compliant with data protection regulations and protect sensitive financial data, banks and financial institutions ensure visual privacy in several key areas. Various market vendors, such as 3M, are capitalizing on this opportunity and offering filters that provide visual privacy on monitors, laptops, and mobile devices, preventing sensitive client, customer, and financial organization data from being exposed to visual hackers.
Asia-Pacific is Expected to Register the Fastest Growth
- The growth in globalization has increased the focus on existing data privacy rules across Asia-Pacific. Over the past year, several Asian nations amended, released, or reviewed their data privacy regulations and frameworks.
- In addition to cyber hacking, visual hacking has increased, where hackers capture data using cameras. Hackers can quickly obtain sensitive information from a computer or tablet screen simply by capturing an image of the screen. It has become a significant concern, especially in developing countries like China, India, Sri Lanka, Korea, and other Southeast Asian nations. Physicians collect more than health information in healthcare. Healthcare professionals should be conscientious when dealing with personal and financial information, such as social security numbers.
- Furthermore, countries like China, Korea, Japan, and Taiwan are critical laptop and smartphone manufacturers. Smartphones are a primary catalyst behind Asia's digital growth, connecting millions, launching social networks at scale, and spurring e-commerce and large-scale digital transactions.
- The sales volume of smartphone manufacturing in Southeast Asian countries has been on an upward trend in recent years, especially in Thailand and Vietnam, where continued economic growth has contributed to the rapid development of smartphone manufacturing sales volume.
- The support for 5G expansion is increasing, which is expected to eventually boost market growth in the region. Telecom regulatory bodies and government authorities in South Korea, Japan, Australia, China, and Taiwan have launched national 5G strategies or action plans, sharing the vision and guidelines to establish 5G ecosystems.
- These regulations are boosting the growth of smartphones. With more smartphones, the demand for privacy filters is also increasing as most of the critical data and information are available nowadays on these devices.
Electronic Filters Industry Overview
The privacy filter market is semi-consolidated due to the constant increase in demand for consumer privacy filters, leading to higher production. Moreover, players are competing among themselves with product innovation and low prices. The key players in the market include 3M Company, Targus Inc., Tech Armor, and DMC Co. Ltd.
- August 2024: Rain Technology launched its Laptop Switchable Privacy. Targeted at tier-one manufacturers like Apple, Dell, HP, Huawei, and Lenovo, Laptop Switchable Privacy allows users to switch between Share Mode and Privacy Mode and control the visibility of their screens to those around them. This product is expected to be of particular interest to enterprises that enforce IT policies and consumers who want to protect personal data in public spaces.
- May 2024: Dell introduced a comprehensive portfolio of Copilot+ AI PCs. This is expected to bring new transformative AI experiences to consumers and professionals, enhancing productivity. The new Windows Studio effects help adjust lighting and offer new creative filters to accelerate call collaboration.
Electronic Filters Market Leaders
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3M company
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Targus
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Dell Inc.
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Tech Armor
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Fellowes Brands
*Disclaimer: Major Players sorted in no particular order
Electronic Filters Market News
- May 2024: Autonivs launched the LSE3 Series LiDAR sensors for accurate object detection. This series supports up to four different channels for extended communication. To minimize communication errors, the sensors deploy different filter functions that help reduce noise for clean, accurate data transfer. An aluminum die-cast housing helps provide adequate protection from the harsh industrial environment and minimizes the chance of interference from 5G communication repeaters.
- November 2023: TDK Corporation announced the launch of noise suppression filters for the audio lines of high-sound quality devices. The company launched its noise suppression filters MAF1005FR series, designed to improve sound quality and reduce noise interference in smartphones' audio lines (sound lines) and other devices, including tablets, wearables, and portable games.
Electronic Filters Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitute Products
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Optical Comfort and Device Protection
5.1.2 Rising Data Privacy and Security Concerns
5.2 Market Restraints
5.2.1 Lack of Awareness about the Privacy Filters among the Users
5.3 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
6. MARKET SEGMENTATION
6.1 By Application
6.1.1 Laptops
6.1.2 Monitors
6.1.3 Smartphones
6.1.4 Tablets
6.2 By Feature
6.2.1 Adhesive
6.2.2 Magnetic
6.2.3 Other Features
6.3 By End-user Industry
6.3.1 Financial Institution
6.3.2 Educational Institution
6.3.3 Legal Firm
6.3.4 Government
6.3.5 Healthcare
6.3.6 Other End User Industries
6.4 By Geography***
6.4.1 North America
6.4.2 Europe
6.4.3 Asia
6.4.4 Australia and New Zealand
6.4.5 Latin America
6.4.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 3M Company
7.1.2 Targus
7.1.3 Dell Inc.
7.1.4 Tech Armor
7.1.5 Fellowes Brands
7.1.6 Kensington Computer Products Group (ACCO Brands)
7.1.7 MoniFilm (Right Group Co. Ltd)
7.1.8 EPHY Privacy (Advance Services & Solutions Ltd)
7.1.9 Upscreen (Bedifol GmbH)
7.1.10 KAPSOLO Europe ApS
7.1.11 Fujitsu Limited
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Electronic Filters Industry Segmentation
An electronic filter is a panel positioned over a display to make it difficult for somebody to read the screen without being straight in front of it. The misapplication of confidential information has become so extensive that new commandments were passed to guarantee privacy. Maintaining the safety of subtle details on the computer display is vital. Electronic filters help prevent casual spectators from observing confidential data on-screen.
The electronic filters market is segmented by application (laptops, monitors, smartphones, and tablets), feature (adhesive, magnetic, and other features), end-user industry (financial institution, educational institution, legal firm, government, healthcare, and other end-user industries), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Application | |
| Laptops | |
| Monitors | |
| Smartphones | |
| Tablets |
| By Feature | |
| Adhesive | |
| Magnetic | |
| Other Features |
| By End-user Industry | |
| Financial Institution | |
| Educational Institution | |
| Legal Firm | |
| Government | |
| Healthcare | |
| Other End User Industries |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Electronic Filters Market Research FAQs
How big is the Privacy Filters Market?
The Privacy Filters Market size is expected to reach USD 1.22 billion in 2024 and grow at a CAGR of 12.90% to reach USD 2.25 billion by 2029.
What is the current Privacy Filters Market size?
In 2024, the Privacy Filters Market size is expected to reach USD 1.22 billion.
Who are the key players in Privacy Filters Market?
3M company, Targus, Dell Inc., Tech Armor and Fellowes Brands are the major companies operating in the Privacy Filters Market.
Which is the fastest growing region in Privacy Filters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Privacy Filters Market?
In 2024, the North America accounts for the largest market share in Privacy Filters Market.
What years does this Privacy Filters Market cover, and what was the market size in 2023?
In 2023, the Privacy Filters Market size was estimated at USD 1.06 billion. The report covers the Privacy Filters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Privacy Filters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Privacy Filters Industry Report
The Privacy Filters Market is segmented by application, feature, end-user industry, and geography. The market research indicates a significant market growth driven by the demand for privacy filters in various devices such as laptops, monitors, smartphones, and tablets. The market report highlights the importance of privacy filters in financial institutions, educational institutions, legal firms, government, and healthcare sectors.
According to industry analysis, the market forecast suggests a promising industry outlook with a substantial market value. The market segmentation covers different types of privacy filters, including adhesive and magnetic features. The industry trends show a growing need for privacy solutions to protect sensitive information, which is supported by market data and market predictions.
The market overview provides a comprehensive view of the industry size and industry sales, emphasizing the role of market leaders in driving industry growth. The industry reports and market review offer detailed insights into market segmentation and market value, ensuring a thorough understanding of the market dynamics.
The report example and report PDF download provide an in-depth analysis of the privacy filters market, including market forecast and industry statistics. The industry research highlights the significant growth rate and market trends, which are essential for understanding the future market outlook.
Research companies have contributed to the industry information, offering valuable insights into market data and industry statistics. The market predictions and market segmentation are crucial for identifying growth opportunities and understanding the competitive landscape. The industry overview and market review ensure that stakeholders have access to comprehensive industry information and market trends.
