Frequency Synthesizer Market to Reach $1,236.9 Million by 2023

  • Published: July 2018

The global frequency synthesizer market is expected to reach $1,236.9 million by 2023, registering a CAGR of 6.8% during the forecast period (2018–2023). Major factors supporting the market growth include growing use of wireless technology and increasing penetration of smartphones and wearables across the world.

Insights into market segments

On the basis of type, the frequency synthesizer market is categorized into analog and digital synthesizers. Of the two, the analog category held the larger revenue share in the market in 2017. Flexibility with bandwidth, ease of manipulation, greater lifespan, and better phase noise performance of analog frequency synthesizers are contributing to their popularity and high market demand, globally.

Frequency Synthesizer Market

Based on component, the frequency synthesizer market is classified into receivers, tuners, phase detectors, converters, mixers, dividers, oscillators, and loop filters. Among these, mixers are expected to witness the fastest growth in the market during the forecast period. This can be attributed to technological advancements in the wireless networking technology, increasing data consumption, and growth in the radio frequency (RF) devices market across the globe.

On the basis of application, the frequency synthesizer market is categorized into telecommunications, military & aerospace, and research & measurement. Among these, telecommunications was the largest application area of frequency synthesizers in 2017. This can be mainly ascribed to the high demand for frequency synthesizers for integration in a number of electronics, such as televisions (TVs), radiotelephones, satellite receivers, and global positioning system (GPS).

Asia-Pacific (APAC) to be the fastest-growing market, globally

During the forecast period, the frequency synthesizer market is expected to register the fastest growth in the APAC region. This can be mainly attributed to the growth in the semiconductor industry of the region on account of the surge in demand for smartphones and wireless networks, such as 4G long-term evolution (LTE) and 5G. Countries such as China, Japan, and India are driving the semiconductor industry in the region, generating a high demand for frequency synthesizers, particularly in the telecommunications industry.

Increasing use of wireless technology to drive market growth

The growing adoption of wireless technology in various applications is fueling the demand for frequency synthesizers around the world. Wireless technologies, such as infrared (IR), wireless fidelity (Wi-Fi), Zigbee, Bluetooth, and radio frequency (RF), use frequency synthesizers for the transmission/reception of signals. Wireless technologies are used in various applications, including radio frequency identification (RFID) for inventory management, near field communication (NFC) for payment, and Zigbee and Z-wave for home automation purposes. Although wired technology is more prevalent, wireless technology is gaining traction across the world, which, in turn, is driving the growth of the frequency synthesizer market.

Frequency synthesizer market competitiveness

The global frequency synthesizer market is highly fragmented in nature and marked by the presence of numerous players. In 2017, Texas Instruments Incorporated held the largest share in the market, followed by Ultra Electronics Holdings plc. Some other key players operating in the market are National Instruments Corporation, EM Research Inc., Analog Devices Inc., Qorvo Inc., Micro Lambda Wireless Inc., Sivers IMA Holding AB, Mercury Electronic Ind Co. Ltd., Programmed Test Sources Inc., Cobham plc, and FEI-Elcom Tech Inc.


By Type

  • Analog
  • Digital

By Component

  • Phase detectors
  • Loop filters
  • Oscillators
  • Mixers
  • Dividers
  • Receivers
  • Tuners
  • Convertors

By Application

  • Telecommunications
    • Software-defined radio (SDR)
    • Worldwide interoperability for microwave access (WiMAX)
    • Wireless local area network (WLAN)
    • Satellite communications (Satcom)
    • Cellular
  • Military & Aerospace
    • Signals intelligence (SIGINT)
    • Electronic intelligence (ELINT)
    • Radar
  • Research & Measurement
    • Microwave synthesis
    • Calibration
    • Time & frequency metrology

By Region

  • North America Frequency Synthesizer Market
    • By type
    • By component
    • By application
    • By country – U.S. and Canada
  • Europe Frequency Synthesizer Market
    • By type
    • By component
    • By application
    • By country – Germany, U.K., France, Russia, and Rest of Europe
  • Asia-Pacific (APAC) Frequency Synthesizer Market
    • By type
    • By component
    • By application
    • By country – China, Japan, India, and Rest of APAC
  • Rest of the World (RoW) Frequency Synthesizer Market
    • By type
    • By component
    • By application
    • By country – Brazil, Saudi Arabia, and Others