The report "Frequency Synthesizer Market by Type (Analog and Digital), Components (Phase Detectors, Loop Filters, Oscillators, and Mixers), Application (Telecommunications, Military & Aerospace, and Research & Measurement), and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market in terms of value, is expected to be valued at USD 1,446.3 Million by 2022, growing at a CAGR of 6.56% between 2017 and 2022. In terms of volume, the market is expected to register a shipment of 1,457.0 thousand units by 2022.
Frequency synthesizers are key devices having applications in various sectors such as research and measurement, military and aerospace, and telecommunications. The key features of these devices are high signal clarity, low phase noise, high switching speed, and wide output frequency range. The availability of RF capable ICs and chips and an increase in adoption of mobile phones have contributed to a significant growth of the market. The reduced form factor of the RF capable ICs and chips easily enable integration. The wider adoption of mobile phones directly relates to the wider outreach of the telecommunications sector where frequency synthesizers are key components.
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Telecommunications application is expected to dominate the frequency synthesizer market during the forecast period
The telecommunications application constituted the largest share of the frequency synthesizer market in 2016 and is expected to grow at a considerable rate between 2017 and 2022. The dominance of telecommunications sector in the market is due to the widespread usage of various telecommunications technologies and the continuous evolution in the technologies deployed in the market. The upcoming 5G technology is expected to contribute significantly toward the growth in the market.
Analog type frequency synthesizers held the largest market share in 2016
The analog frequency synthesizers are expected to hold the largest share and dominate the frequency synthesizer market between 2017 and 2022. The comparatively enhanced signal clarity than that of digital type synthesizers and better phase noise performance is expected to contribute toward more popular adoption of the analog frequency synthesizers in the market.
North America expected to hold the largest market share, and RoW is expected to grow at the highest rate
North America is expected to hold the largest share and dominate the frequency synthesizer market between 2017 and 2022. A considerable number of frequency synthesizer vendors are based in the U.S., and there is an increase in investment to upgrade telecommunications, military and research equipment, which would contribute toward the market growth in the region. However, the frequency synthesizer market in RoW, consisting of the Middle East and Africa, and South America, is expected to exhibit the highest growth rate on the back of rapidly expanding telecommunications sector in the region and increasing expenditure from the governments to upgrade the electronic equipment of military.
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The frequency synthesizer market ecosystem includes the manufacturers such as 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.), and Sivers IMA AB (Sweden).
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