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Frequency Synthesizer Market to Witness Steady Growth in the Coming Years due to the High Adoption of Mobile Phones

Frequency synthesizers find applications in various industries such as telecommunications, research and measurement, and military and aerospace, thus, helping to generate a variable Frequency output from a standalone device. Looking at its features such as signal clarity and stability, low-phase noise, high switching speed, and wide output frequency range, the demand for Frequency Synthesizers has increased among the aforementioned industry verticals. Moreover, the rising usage and adoption of mobile phones in the telecommunications sector and the RF capable ICs and chips are the key factors propelling the growth of this Market.

Market overview

The global 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 to 2022, and is estimated to register a shipment of 1,457.0 thousand units by the end of 2022.

Based on type, analog frequency synthesizers accounted for the largest market share in 2016, and are also expected to continue dominating the market over the forecast period as well. This growth can be contributed to the signal clarity in comparison with the digital type synthesizers and better phase noise performance. However, the market for digital type synthesizers is expected to witness the highest growth, owing to ease of integration of the digital frequency synthesizers in a number of applications.

Among applications, the telecommunications application is expected to hold the majority of the market share as well as grow at the highest CAGR during the forecast period. This growth is mainly due to the increased usage of telecommunication networks and constant evolution of technology in this sector. Moreover, the emerging 5G technology is expected to further push the market towards growth.

How is the market progressing, globally?

Among regions, the North American market for frequency synthesizers is expected to be the dominant market over the forecast period, owing to the presence of a substantial number of vendors in the U.S., and increasing investments for upgrading telecommunications and military and research equipment. However, the market in RoW, consisting of regions like the Middle East and Africa and South America, is expected to grow at the highest CAGR in the coming years. This growth can be majorly attributed to the rapidly evolving and expanding telecommunications sector in this region and rising expenditure from the governments for the upgradation of electronic equipment of military.

What are the factors impacting the growth of this market?

The growth of the global market for frequency synthesizers is being primarily influenced by the following factors:

  • Increased usage of mobile phones across the globe
  • Growing use in applications like research and measurement, and military and aerospace
  • High adoption rate in telecommunications sector due to RF capable CIS and chips
  • Upcoming 5G technology

Moreover, upcoming new technologies in the market and immense growth potential through inorganic growth strategies amid market competition are the other factors that are likely to further drive the market towards good growth ahead.

On the flip side, high cost of modular frequency synthesizers that are used in the research sector is the major deterrent for the growth of this market. In addition, enhancing the quality of product features and developing new technologies or architectures for frequency synthesizers are the key challenges being encountered by the major players involved in this market.

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Leading players and growth strategies implemented

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 are the major players operating in the global market for frequency synthesizers. These companies are adopting different growth strategies such as new product launches and developments, partnerships, collaborations, business expansions, and mergers in order to cater to the need of this market as well as expand its global presence.



This post first appeared on MarketsandMarkets Blog - Market Research, please read the originial post: here

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Frequency Synthesizer Market to Witness Steady Growth in the Coming Years due to the High Adoption of Mobile Phones

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