According to the MarketsandMarkets forecast, the global frequency synthesizer market is expected to witness a consistent growth till 2022; the market is expected to register a shipment of 1,457.0 thousand units by 2022. The overall market is expected to grow at a CAGR of 6.56% from 2017 to 2022 and is expected to be worth USD 1,446.3 Million by 2022.
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.
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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.
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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