Frequency Synthesizer Market - Forecast(2024 - 2030)

Frequency Synthesizer Market Overview

Frequency Synthesizer Market is analysed to grow at a CAGR of 9.8% during the forecast 2021-2026 to reach $3.1 billion by 2026. Frequency synthesizer is a type of an electronic circuit which is used for producing any range of frequencies from an crystal oscillators such as voltage-controlled oscillator or digitally controlled oscillators to the single fixed time base. It is the most conventional way of generating precise and stable Radio Frequency (RF) signals for use in radio receivers, televisions, mobile telephones and many other devices. However, resonant frequency of a tuned circuit is not very stable which causes frequency drift across the station frequency. Automatic frequency control and super heterodyne receiver solves these drift problems which is anticipated to drive its market growth. This feature uplifts its working efficiency and is used in various radar systems which tend to drive its market growth for aerospace applications. With advancements in technology and evolution of IoT, digital frequency synthesizers are increasingly finding application in a wide range of electronic devices, including smart watches, mobile phones, personal computers, and routers. High frequency range synthesizer uses dual modulus prescaler which is designed to overcome the problem of generating narrowly spaced frequencies that are nevertheless too high to be passed directly through the feedback loop of the system which tend to uplift its market growth during the forecast period.

Frequency Synthesizer Market Report Coverage

The report: “Frequency Synthesizer Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Frequency Synthesizer Market.

By Type: Analog Frequency Synthesizer and Digital Frequency Synthesizer.
By Component: Phase Detectors, Loop Filters, Oscillators, Mixers and Others.
By Frequency Range: Low Frequency, High Frequency and Ultra-high Frequency.
By Application: Research & Measurement (Microwave Synthesis, Calibration, Time & Frequency Metrology and Others), Military & Aerospace (Radar, Signals Intelligence, Electronic Warfare and Others), Telecommunications (Software-Defined Radio, WiMAX, WLAN, Satcom and Cellular) and Others.
By Geography: North America(U.S., Canada and Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America(Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa).

Key Takeaways

• Increasing demand of strong signal clarity in the Telecommunication sector and rising production of smartphones with GPS systems is analysed to significantly drive the Frequency Synthesizer Market during the forecast period 2021-2026.
• Digital Frequency Synthesizer is analysed to hold highest share in 2020 owing to its advantages over analog frequency synthesizer such as fast and phase-continuous frequency switching, arbitrarily small frequency spacing, small size and comparatively low cost. This tend to create huge impact in the Frequency Synthesizer Market growth during the forecast period.
• Telecommunication electronics is expected to hold the highest market share in the forecast period owing to the huge production of smartphones with GPS capabilities in global market.
• North America is analysed to hold the highest share during the forecast period owing to the presence of large number of leading manufacturers as compared to other regions.

 Global Frequency Synthesizer Market Share, By Region, 2020 (%)

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Frequency Synthesizer Market Segment Analysis - By Component

By Type, the Frequency Synthesizer Market Report is segmented into Analog Frequency Synthesizer and Digital Frequency Synthesizer. Digital Frequency Synthesizers are analysed to hold highest during the forecast period 2021-2026 owing to its increasing adoption over analog frequency synthesizer because of various advantages. Digital Frequency Synthesizers are designed to offer fast and phase-continuous frequency switching, arbitrarily small frequency spacing, small size and comparatively low cost. Overall, a Digital Frequency Synthesizer can offer much higher performance over a wider range of frequencies with finer granularity. Moreover, this technology has completely revolutionized the way high frequency, high speed and high accuracy systems get their generated clocks. This outmost features of working efficiently at high frequency ranges tend to bring huge impact in its market growth during the forecast period.

Frequency Synthesizer Market Segment Analysis - By End-Use Industry

By Application, the Frequency Synthesizer Market Report is segmented into Research & Measurement, Military & Aerospace, Telecommunications and Others. Telecommunication applications is analysed to hold the highest share during the forecast period 2021-2026. 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. According to India Brand Equity Foundation (IBEF), India’s is world’s second largest telecommunication market in which Department of Telecommunication (DoT) has planned to invest $8 billion for period of 2021-2022. This major investment will bring significant rise in the market growth of Frequency synthesizer for telecommunication applications. Moreover, upcoming 5G technology is expected to contribute significantly toward the growth in the market. Frequency synthesizer enable maximum bandwidth efficiency which makes easy sharing of wireless multimedia, instant data, high voice quality and other key services. This high bandwidth efficiency application tend to bring significant growth in the demand of frequency synthesizer in Telecommunication sector, further driving its market growth.

Frequency Synthesizer Market Segment Analysis – By Geography

North America is analysed to be the major region with a share of 35% in 2020 for the Frequency Synthesizer Market owing to the presence of major market players of frequency synthesizer manufacturers in this region. Increasing applications of Frequency synthesizers in Military & Aerospace sector for different electronics such as radar, signals Intelligence and electronic warfare products is anticipated to bring significant growth in its market size during the forecast period. According to Stockholm International Peace Research Institute (SIPRI) reports, USA increased its military spending for the third straight year to reach $778 billion in 2020. This major investment tend to uplift the development of various electronics used in aerospace and defence sector, further driving Frequency synthesizer market growth. For instance, increasing investment by the U.S. Government in Aerospace & Defence sector has contributed significantly in the Frequency synthesizer market growth. According to the Aerospace Industries Association, aerospace and defence sales across the globe elevated from $800 billion in 2017 to $874 billion in 2020, among which $90.6 billion accounted from exports. This has promoted the manufacturing of radar and signal intelligence systems which uses frequency synthesizers. This increasing sales and investments in Aerospace & Defence equipment in North America region tend to drive the market growth of Frequency synthesizer during the forecast period.

Frequency Synthesizer Market Drivers

Adoption of 5G technologies is driving the demand of Frequency synthesizers

The increasing adoption of 5G technologies across the globe has brought a huge demand of frequency synthesizers in the global market. Adoption of 5G technologies across various industries is going to be a major factor for the growth of Internet of Things (IoT) implementation across the globe. 5G connectivity works efficiently because of its high bandwidth principle. But these 5G technologies require the use of advanced amplitude and phase based modulation formats to squeeze the maximum amount of information into a given portion of bandwidth. One of the most critical components which is designed to enable maximum bandwidth efficiency is the frequency synthesizer. This application of frequency synthesizer in 5G technologies tend to drive its market growth during the forecast period. For instance, according to IBEF, India’s 5G subscription is forecasted to reach 350 million by 2026. This increasing adoption of 5G technologies will bring huge demand for frequency synthesizers during the forecast period, further driving its market growth. Moreover, in 2021, for domestic consumption and exports, Ericsson will start manufacturing 5G radio products in India which will bring significant growth in the demand of frequency synthesizers, further driving its market growth during the forecast period.

Rising investments in Aerospace & Defence sector is propelling the Frequency Synthesizer Market growth

Increasing investments in aerospace & defence sector across the globe has been a major driving factor for the frequency synthesizer market during the forecast period. Leading economies has been launching programs to boost the manufacturing for various electronics equipment used in Aerospace & Defence sector. According to SIPRI Reports, world military expenditure was estimated to reach US$1981 billion in 2020, with a 2.6% higher investment as compared to 2019. These increasing investments has brought a major growth in the demand of frequency synthesizer for various military and aerospace equipment such as radars, signal intelligence systems, further driving its market growth. Moreover, recent programs such as Small Business Innovation Research (SBIR) program, initiated by NASA on January 2021 which aimed to uplift U.S. small businesses to build promising new technologies such as developing better batteries, virtual assistants, lightweight materials, high efficient networking technologies and many more for upgraded Aerospace applications. These programs by NASA under U.S Government is expected to bring major boost in market growth as well as development of Frequency synthesizers further driving its market growth during the forecast period.

Frequency Synthesizer Market Challenges

Miniaturization of devices tend to increase the price of Frequency Synthesizer which is analysed to hamper its market growth

Increasing demand of various light weight systems such as radars and signal intelligence which are used for aerospace and defence applications has brought the need of miniaturization of devices. This demand has resulted in the increased production of modular frequency synthesizers. However, modular frequency synthesizers in their nascent stage requires major investments in their research and development which tend to increase their manufacturing cost as compared to conventional frequency synthesizer. This brings major challenges which refrains end-use industries from adopting these devices. The higher cost of these devices can be attributed to the costs associated with the technology upgrades required for battery management, power processing and implementation of increased frequency range and higher bandwidth in these devices. For instance, average price range of frequency synthesizer is $1000 which goes up to $10,000 as per applications. Thus, the high cost of modular frequency synthesizers is a key factor hindering the growth of the frequency synthesizer market during the forecast period.

Frequency Synthesizer Market Landscape

Production Innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Frequency Synthesizer Market. In 2020, the market of Mobile Biometrics industry outlook has been fragmented by several companies. Mobile Biometrics top 10 companies include

1. Analog Devices, Inc.
2. EM Research, Inc.
3. L3 Narda-Miteq
4. Mercury United Electronics Inc.
5. Micro Lambda Wireless, Inc.
6. Programmed Test Sources Inc.
7. Qorvo Inc.
8. Signalcore, Inc.
9. Sivers IMA AB
10. Texas Instruments Incorporated

Acquisitions/Technology Launches/Partnerships

• In November 2020, Micro Lambda Wireless Inc., launched their new frequency synthesizer test boxes with either 31.5 dB or 63 dB power levelling covering frequencies from 2 GHz to 20 GHz. This series of frequency synthesizers have been designed in an enclosure that will fit within standard equipment racks. This will provide wide range frequency range synthesizers in global market.
• In May 2019, Micro Lambda Wireless Inc., launched their new high-performance, low phase noise bench top frequency synthesizers. It offers RF and microwave designers working at frequencies up to 20 GHz the chance to upgrade their test benches with the best technology at their specific bands. This development enhanced the application of frequency synthesizers for wide range of frequencies.

Relevant Report Titles:

Frequency Converter Market – Forecast (2021 - 2026)

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Radio frequency components Market – Forecast (2021 - 2026)

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