Monday, 30 May 2022

Frequency Synthesizer Market Size, Key Findings, Regional Analysis, Top Key Players, Profiles and Future Prospects | Impact of COVID-19

Market Analysis

The regional wise segmentation of frequency synthesizer market consists of North America, Europe, Asia-Pacific and Rest of the World. North America is one of the most competitive markets across the globe with various regional players and a few large international players in frequency synthesizer market. Europe is one of the prominent player in frequency synthesizer camera market owing to increase implementation of it defense equipment’s to combat attacks. Also, emerging economies from countries such as Germany, UK, France, Russia, Italy, Benelux and Spain is driving frequency synthesizer market. Moreover, Asia-Pacific is also expected to have potential growth in the forecast period due to increasing investment of major players in frequency synthesizer market.

The Frequency Synthesizer Market Size is expected to grow at approximately USD 1,707 Million by 2023, at 6% of CAGR between 2017 and 2023.

Key Players

The prominent players in the frequency synthesizer market are – Ultra Electronics (U.K.), Texas Instruments Inc. (U.S.), Analog Devices Inc. (U.S.), National Instruments (U.S.), Qorvo, Inc. (U.S.), FEI-Elcom Tech Inc. (U.S.), Sivers IMA AB (Sweden), Programmed Test Sources Inc. (U.S.), Synergy Microwave Corp. (U.S.), Mercury United Electronics Inc. (U.S.) among others.

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High Demand from Military and Aerospace Sector

A frequency synthesizer is widely used in the aerospace sector to generate the various frequencies required for space communication. It is used in mobile phones to generate distinct frequency ranges based on location, allowing users to interact in remote locations. In military applications, frequency synthesizers are utilized for high-performance wireless communication. It is also utilized in equipment that requires rapid changes in frequency. It is widely used in measuring instruments, military, and microwave backhaul. A frequency synthesizer is used in microwave communication equipment where signal integrity is important, and high frequency stability and precision are dependent on it.

Lack of Skilled Workforce

The complex design of the synthesizer is a major barrier that has the potential to hinder the market expansion of frequency synthesizers. There are various technical jargons that require extreme accuracy and precision, such as the occurrence of frequency inaccuracy, temperature variation, aging of crystals, estimating the switching time, and others. If this is not done, the entire frequency synthesizer system will be disrupted, causing problems with networking and communication. The manufacture and installation of these synthesizers necessitate a highly skilled workforce with technical understanding. A shortage of skilled labor may also stifle market growth.

Market Segmentation

By Application, Telecommunications Sector to Lead the Global Market 

The market's telecommunications sector is expected to grow rapidly throughout the estimated period. The primary reason is the growing consumer electronics sector as a result of the global increase in disposable income.

Regional Analysis

North America to Dominate the Global Market

Due to the presence of prominent industry participants in the region, North America is likely to dominate the Frequency Synthesizer Market Share and account for the greatest market share. The region has made significant investments in military and aerospace, telecommunications, and research, all of which are contributing to market expansion.

APAC to Witness the Fastest Growth

The Asia Pacific region is the fastest expanding in the frequency synthesizer market, owing to upcoming 5G technologies in the telecommunications industry and the growth of numerous small and medium-sized firms from the region.

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