Frequency Synthesizer Market: Global Industry Analysis and Forecast (2023-2029)

Frequency Synthesizer Market was valued at US$ 1961.65 Mn. in 2022 and expected to grow at a CAGR of 7.2 %  during the forecast period (2023-2029). Thanks to the growing trend of fixed segment use have boosted demand for Global Frequency Synthesizer Market.
Frequency Synthesizer Market Overview:
Frequency Synthesizers is an electronic circuit used to generate a wide range of frequencies from a single oscillator. It performs different operations like frequency multiplication, frequency division, and frequency mixing to produce desired output signals. Types of frequency synthesizers are phase-locked loop (PLL) and direct digital frequency synthesis (DDFS). Frequency synthesizers are widely used in radio receivers, mobile telephones, walkie-talkies, satellite receivers, GPS systems, and CB radios, etc. Growing demand for frequency synthesizer due to its fast and phase-continuous frequency switching, small size and lower cost, and arbitrarily small frequency spacing. As result, the global frequency synthesizer market is expected to touch US$ 3191.43 Mn. by 2029.
Frequency Synthesizer Market Snapshot
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Frequency Synthesizer Market Dynamics:
Increasing demand for smartphones due to rising disposal income, the launch of budget-friendly and new products, and the significant need for communication in military and aerospace applications are driving the frequency synthesizer market. “NTT DoCoMo” a mobile phone operating company developed “REFRESH-AFC” for calibrating and stabilizing frequencies in FDMA mobile communications. In 2022, “Morandi” a software company announced in “Mobile World Congress Los Angeles (MWCLA)” that it is focusing on the development of MV6055 60 GHZ chipset for wireless backhaul and fixed wireless access (FWA) applications.

Use of frequency synthesizer for defense applications like multiple objects tracking radar (MOTR), EW receivers and DF receivers systems, etc. In January 2022, Researchers at the Indian Institute of Science (IISc) developed a “through-the-wall” radar (TWR) which is smaller than a rice grain. Which consists of an advanced frequency synthesizer capable of generating radar signals. Growing investment in space technology expecting to boost the global market because satellites are used for communication between different geographical points. Increasing space race between USA and RUSSIA, rising investment by private entities like SpaceX and Rocket Lab is expected to boost the frequency synthesizer market.

The advancement of 5G networks in telecommunication adds an advantage to the market growth. According to the GSMA report, CHINA is the leading user of 5G networks in 2022 and is expected to have 807 Mn 5G connections by 2025. Furthermore, US took the second place in 5G connections. According to “Cellular Telecommunication Industry Association (CTIA)” the US could expect to drive US$ 275 Bn investment in 5G technology during the forecast period. Recently development like “LOW-NOISE HYBRID FREQUENCY SYNTHESIZERS”, based on phase-locked loop with DDS operating to provide high-frequency resolution and low phase noise in mobile communication.

The “API Technologies Corp” launched a new frequency synthesizer named “LCFS-X” which is well suited for electronic warfare (EW), SATCOM, Doppler radar, and telecommunication systems. The launch of a new product named SFS14000H-LF frequency synthesizer by Z-Communications, Inc, etc is creating a large market for frequency synthesizers.

Some of the factors slowing the growth of the market are its difficulty in using high-speed designs because of its low performance and low reliability, lack of stability due to temperature and supply voltages, and frequency synthesizers are non-capable in automatic tracking of frequencies. One of the major roadblocks for its growth is a change in capacitance and resistance value due to high temperature and operating voltages.
Frequency Synthesizer Market Segmentation:
Based on Type, The Frequency Synthesizer market is sub-segmented into analog and digital. The digital segment dominates the global market and it held a share of 52 % in 2022. This segment uses an electronic method for digitally creating arbitrary frequencies from a single or fixed source frequency. Increasing application of digital segment in the defense operations for the acquisition, tracking, and classification of waveforms from radars creating the demand for the digital segment. These digital segments provide stability, agility, and repeatability to signal generation and offer advanced modulation capacity. The factors slowing the analog segment are its high cost and are incapable to save presets.



Based on the Application, the Frequency Synthesizer market is sub-segmented into Military & Aerospace, Telecommunications, and Research & Measurement. The Telecommunications segment dominates the global market and was valued at US$ 3.9 Bn. in 2020. Growing technologies in smartphones and competition among the major mobile manufacturers boosting the frequency synthesizer market. Samsung based in South Korea is the largest smartphone producing company followed by Apple, Huawei, and Xiomara. In 2020, smartphones users in china were stood at 911.92 Mn followed by India i.e. 439.42 Mn.
Frequency Synthesizer Market Regional Insights:
North America is the dominating region in the global Frequency Synthesizer market. The presence of a large number of key players in both telecommunication and aerospace sectors, increasing spending of governments in defense equipment’s and raising investment in technologies are driving the market in this region. Furthermore, increasing deployment of 3D radar for naval surveillance to strengthen maritime security is expected to add an advantage to the market. The focus of the US government in airport expansion and bringing all airports under the radar system to manage climate change activities are adding an advantage to the global market. For this US government has sanctioned 25 Bn for airport safety. In 2022, NIST has developed a LOW PHASE NOISE FREQUENCY SYNTHESIZER for high-resolution imaging and radar, telecommunication and to manage efficient spectrum these are the recent developments creating a large market for frequency synthesizers in this region.

In 2022, Asia-Pacific held the second maximum share in the global Frequency Synthesizer market. High-speed development in 5G technology and the presence large number of smartphone users in this region are driving the global market growth. The focus of the Indian government in expansion of manufacturing and various initiates like MAKE IN INDIA is adding an advantage to the global market. During the forecast period, India can become a large market for the 5G network. Because at present there are only 3.9 Mn. subscribers are in India and this number is expected to touch 500 Mn. by 2027.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Frequency Synthesizer market dynamics, structure by analyzing the market segments and projecting the Frequency Synthesizer market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Frequency Synthesizer makes the report investor’s guide.
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Frequency Synthesizer Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $  1961.65 Mn.


Forecast Period 2022 to 2029 CAGR:
7.98 %
Market Size in 2029:
US $ 3191.43 Mn.


 Segments Covered:
by Product
Fixed
Handheld
Pan-Tilt-Zooms


by Technology
Cooled
Uncooled


by Application
Commercial
Government & Defense
Healthcare
Industrial



Frequency Synthesizer Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Frequency Synthesizer Market, Key Players are
1. Texas Instruments Inc.
2. Analog Devices Inc.
3. National Instruments
4. Qorvo, Inc.
5. FEI-Elcom Tech Inc.
6. Sivers IMA AB
7. Programmed Test Sources Inc.
8. Mercury United Electronics Inc.
9. EM Research Inc.
10. MicroLambda Wireless Inc
11. Cobham plc
12. Synergy Microwave Corporation
13. APA Technologies Corp
14. ASB Inc.
15. Crystek Corporation
16. Mini Circuits
17. Linear Technology Inc
18. Teledyne Microwave Solutions
19. L3Harris Narda-MITEQ
20. Premier Farnell Limited
21. Signalcore, Inc.
• Linear Technology Inc
• Teledyne Microwave Solutions
• L3Harris Narda-MITEQ
• Premier Farnell Limited
• Signalcore, Inc.
Frequently Asked Questions:
1. Which region has the largest share in Frequency Synthesizer Market?
Ans: Asia-Pacific held the largest share in 2022.

2. What is the growth rate of the Frequency Synthesizer Market?
Ans: The Frequency Synthesizer Market is growing at a CAGR of 7.98 % during the forecasting period 2023-2029.

3. What segments are covered in Frequency Synthesizer Market?
Ans: Frequency Synthesizer Market is segmented into product, technology, and application.

4. Who are the key players in Frequency Synthesizer Market?
Ans: Texas Instruments Inc., Analog Devices Inc., National Instruments, Qorvo, Inc., FEI-Elcom Tech Inc., Sivers IMA AB, Programmed Test Sources Inc., Mercury United Electronics Inc., EM Research Inc, MicroLambda Wireless Inc, Cobham plc, Synergy Microwave Corporation, APA Technologies Corp, ASB Inc., Crystek Corporation, Mini Circuits, Linear Technology Inc, Teledyne Microwave Solutions, L3Harris Narda-MITEQ, Premier Farnell Limited, Signalcore, Inc.

5. What is the study period of this market?
Ans: The Frequency Synthesizer Market is studied from 2022 to 2029.