Frequency Synthesizer Market Revenue, Share, Trends, Key Players, Demand and Opportunities by 2023
The frequency synthesizer market is growing at a CAGR of 6.8% during 2018–2023 and will reach $1,236.9 million by 2023. The growth in the market can be attributed to the use of frequency synthesizer in mobile phones which are registering a healthy upward trend in adoption globally. Major players in the market are focusing on providing high switching speed, wide output frequency range and high signal clarity in these devices.
Request for a free sample copy of this research report @
https://www.psmarketresearch.com/market-analysis/frequency-synthesizer-market/report-sample
On the basis of type, the frequency synthesizer market has been categorized into analog and digital. Analog frequency synthesizers held 74% of the global market in 2017. The higher demand for analog frequency synthesizers is attributed to its requirement of strong signal clarity and low noise production capability in industries like telecommunication, military and aerospace. The wide adoption of digital frequency synthesizers in cellular applications is expected give a boost to the digital frequency synthesizers market during the forecast period.
APAC is expected to contribute the largest revenue share in frequency synthesizer market in 2023, owing to the fastest growing telecommunication industry in the countries of APAC region. Additionally, countries like India have started increasing in-home production of military equipment which is expected to further fuel the demand for digital synthesizers in the region. In APAC, China contributes to the largest demand for digital synthesizers while, India is expected to be the fastest growing market.
Some of the key players operating in the market are National Instruments Corporation, Texas Instruments Incorporated, EM Research Inc., Analog Devices Inc., Qorvo Inc., Micro Lambda Wireless Inc., Sivers IMA Holding AB, MERCURY Electronic Ind Co. Ltd, Ultra Electronics Holdings plc, Programmed Test Sources Inc., Cobham plc and FEI-Elcom Tech Inc.
