North America expected to hold the largest market share, and RoW is expected to grow at the highest rate
Northbrook, IL -- (SBWIRE) -- 06/14/2019 -- [149 Pages Report] The overall frequency synthesizer market is expected to be worth at USD 1,446.3 Million by 2022 growing at a CAGR of 6.56% from 2017 and is expected to register a shipment of 1,457.0 thousand units by 2022.
The demand for frequency synthesizers is expected to increase due to their requirement in the telecommunications application, which is constantly evolving and expanding to serve a wider range of consumers. The need to upgrade the military and research equipment is driving the market growth.
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Key Target Audience:
- Frequency synthesizer manufacturers
- Telecommunication system integrators
- Military research departments
- Telecommunications governing bodies
- Educational institutes
- Research organizations
- Organizations, alliances, and associations related to telecommunication industry
The frequency synthesizers have applications across a number of industry verticals such as telecommunications, research and measurement, and military and aerospace. The frequency synthesizers are used to generate a variable frequency output from a standalone device. The key features of the device are signal purity and stability, low phase noise performance, high switching speed, and output frequency range. The growth in the use of mobile phones in the telecommunications sector and the RF capable ICs and chips are major factors influencing growth in this market.
This report segments the frequency synthesizer market on the basis of application, type, and geography. The telecommunications application is expected to hold the largest share of the market while demonstrating the highest rate during the forecast period. The expected dominance of the telecommunications sector is due to widespread usage of telecommunications networks and constant technological advancements in the sector.
The analog type of frequency synthesizer accounted for the largest share of the market based on type in 2016. The market for digital frequency synthesizers is expected to grow at the highest rate during the forecast period. The high growth is expected on account of comparative ease of integration of the digital frequency synthesizers in various applications.
With the estimated largest share, North America is expected to dominate the frequency synthesizer market between 2017 and 2020; whereas, RoW, consisting of the Middle East and Africa, and South America, is expected to grow at the highest rate. The evolution and expansion of the telecommunications sector are expected to be the major factors fueling the growth of the market.
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A major deterrent for the growth of market is the comparatively high cost of synthesizer modules utilized in the research sector. The upcoming 5G technology is expected to boost the market growth considerably during the forecast period. The major vendors in the frequency synthesizer market are Ultra Electronics (U.K.), Texas Instruments Inc. (U.S.), Analog Devices Inc. (U.S.), National Instruments (U.S.), and Qorvo, Inc. (U.S.), among others. These players adopted various strategies such as new product launches and developments, partnerships, collaborations, business expansions, and mergers to cater to the need for frequency synthesizers.
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