Frequency synthesizers are used in devices such as televisions, radio receivers, walkie-talkie, etc. to generate a range of frequencies from single reference frequency. According to the findings published by Market Research Future (MRFR), the global frequency synthesizer market is expected to register 6% of CAGR during the assessment period 2017 to 2023. The market is expected to touch a revenue valuation of USD 1707 Mn by 2023.
The frequency synthesizer market is likely to benefit from the increasing penetration of smartphones. The product helps in the generation of RF signals used by the telecommunication industry. Increasing expansion of the telecommunications industry is anticipated to drive the growth of the market in the nearby future. In addition, the expansion of the industry in developing regions, backed by rising support from the governments, is prognosticated to lead the proliferation of the frequency synthesizer market in the upcoming years.
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The product is also used for transmission of information in the aerospace & defense industry. Increasing defense budget allocations, in conjunction with the replacement of older systems of communications, are expected to impact the frequency synthesizer market favorably. In addition, the expansion of the commercial aviation industry is also anticipated to play a significant role in the proliferation of the market in the foreseeable future. In the near future, technological innovations are supposed to keep the market remain lucrative.
By Component, the frequency synthesizer market has been segmented into phase detector, oscillators, divider, loop filter, and mixer.
By type, the frequency synthesizer market has been divided into analog and digital.
By Application, the frequency synthesizer market has been segmented into research and measurement, telecommunication, military and aerospace, and others.
Frequency Synthesizers Market Size, on the basis of region, for a detailed geographical study has been segmented into – North America, Europe, Asia Pacific, and the Rest of the World (RoW). These regional segments are then studied on the basis of key countries present. North America is the most significant contributor to the market. It is assessed to remain at its pole position through the assessment period. The concentration of players in the region is expected to lead the market growth over the next few years. Also, the huge investments in the telecommunication industry ahead of the commercialization of 5G services are poised to boost the frequency synthesizer market in the upcoming years. Defense budget allocations are also presumed to pave the way for the development of the market over the evaluation period.
Ultra Electronics (U.K.), Texas Instruments Inc. (U.S.), Analog Devices Inc. (U.S.), National Instruments (U.S.), Sivers IMA AB (Sweden), FEI-Elcom Tech Inc. (U.S.), Programmed Test Sources Inc. (U.S.), Mercury United Electronics Inc. (U.S.), and Synergy Microwave Corp. (U.S.) are some of the key players of the frequency synthesizer market. These players are expected to invest in the latest technologies to enhance efficiency of their product lines. This, in turn, is projected to intensify the competition among the market players over the next couple of years. Regional expansion is also emphasized on by these players for strengthening their footholds in the frequency synthesizer market. Other growth strategies expected to be employed by market players are – mergers & acquisitions, product launches, collaborations, strategic partnerships, alliances, etc.
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