A frequency synthesizer helps in generating several frequencies from a single reference frequency and is extensively being utilized by various devices such as televisions, radio receivers, radiotelephones, mobile telephones, GPS systems, CB radios, and walkie-talkies. Moreover, increasing the utilization of mobile phones, increasing demand for the frequency synthesizer system from the aerospace industry are the key factors about the growth of the frequency synthesizer market globally.
On the basis of component, the frequency synthesizer market is segmented into loop filters, dividers, phase detectors, mixers, and oscillators. Among these segments, mixers are anticipated to witness the fastest growth during the forecast period as this system is extensively being utilized in both direct and indirect analog frequency synthesizers. In direct analog mixers are used to produce architecture for frequency synthesizer whereas in indirect analog these systems are used to offset and enable frequency to be directed into the loop.
The frequency synthesizer market based on type is categorized into digital and analog. Among these two segments, analog frequency accounts for larger revenue in the frequency synthesizer market globally. The growth of this segment is attributed towards its increasing adoption from various users across the globe. Analog transmits a continuous signal that helps in completing spectral data and comprises of infinite bandwidth.
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Furthermore, it has been observed that analog frequency continuously filters frequency content to provide accurate and effective data to the users. Analog frequency is considered to be a cost-effective alternative, easy to handle and beyond roll-off frequencies as a result these factors are driving the growth of this segment and further bolstering the growth of the frequency synthesizer market across the globe.
Geographically, the frequency synthesizer market in North America is expected to generate the largest revenue during the forecasted period. The presence of a large number of key manufacturers in this region is the key reason behind the market growth of the frequency synthesizer market. Apart from this, in the recent past, it has been observed that frequency synthesizer vendors from North America have made major investments in telecommunication, military, and aerospace and research application sectors, which is further contributing towards the growth of frequency synthesizer market in this region.
Moreover, the frequency synthesizer market in Asia-Pacific is expected to witness the fastest growth during the forecast period due to the increase in demand for digital cable television equipment in this region. Further, the introduction of 5G networks and other development in the telecommunication sector makes Asia-Pacific drive the growth of the frequency synthesizer market. Moreover, increasing mobile penetration and decreasing the cost of data is expected to further enhance the growth of the frequency synthesizer market in this region.
Key players in the frequency synthesizer market are driving their resources towards improvement in the quality of frequency synthesizer and developing the latest technologies to enhance the competition benchmark in the market. These players are collaborating with institutes for advisory over new technology to improvise efficiency and effectiveness. For instance, the synergy microwave corp. has collaborated with scientists of IIT, Delhi for the advisory.
The key players in the frequency synthesizer market include – National Instruments, Qorvo, Inc., FEI-Elcom Tech Inc., Sivers IMA AB, Programmed Test Sources Inc., Ultra Electronics, Texas Instruments Inc., Analog Devices Inc., Synergy Microwave Corp., Mercury United Electronics Inc., and Others.