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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