Frequency Synthesizer Market Size, Share, Opportunities, And Trends By Type (Direct Analog Synthesizer, Direct Digital Synthesizer, Indirect Digital Synthesizer), By Application (Military & Aerospace, Telecommunication, Others), And By Geography - Forecasts From 2024 To 2029

The frequency synthesizer market is expected to grow at a CAGR of 5.21%, reaching a market size of US$2.149 billion in 2029 from US$1.506 billion in 2022.

The frequency synthesizers are virtual devices used in various fields, including research and measurement, aerospace, telecommunications, and defense. These devices have high switching speed, wide output frequency range, low phase noise, and high signal clarity. The demand is anticipated to be driven by the automotive, aerospace and defense, wireless communications, and new technologies such as 5G. The market has grown significantly due to the availability of ICs and chips with RF capabilities, as well as an increase in the use of mobile phones. Integration is made simple by the decreased factor of RF-capable ICs and chips. Increased use of mobile phones is closely associated with the increased reach of the telecommunications industry, of which frequency synthesizers are essential parts.

Frequency Synthesizer Market Drivers

• Increasing adoption of 5G technology

Globally, there is a huge demand for frequency synthesizers due to the growing adoption of 5G technologies. One of the main drivers of the global expansion of Internet of Things (IoT) deployment will be the industry-wide adoption of 5G technologies. 5G connectivity's high bandwidth concept makes it effective. However, these 5G technologies need to employ sophisticated amplitude and phase-based modulation formats to fit the most data into a given amount of bandwidth. The frequency synthesizer is one of the most important parts that enable maximum bandwidth efficiency. Throughout the projected period, its market growth is expected to be driven by its application in 5G technologies. For example, 350 million 5G subscriptions are expected in India by 2026, according to IBEF. During the forecast period, the growing adoption of 5G technologies will create a huge demand for frequency synthesizers, further propelling the market's growth.

• Rising investments in the aerospace and defence sector

The frequency synthesizer market is expected to be driven primarily by rising investments in the aerospace and defence sectors worldwide during the forecast period. Leading economies have started initiatives to increase the production of various electronic equipment used in these industries. The demand for frequency synthesizers has significantly increased due to growing investments, particularly in military and aerospace systems such as radars and signal intelligence systems. This has led to rapid market growth. 

Moreover, there have been recent efforts, such as NASA’s Small Business Innovation Research (SBIR) program, which began its operations in January 2021. It aims to assist small-sized American firms in developing pioneering technologies that promise better aerospace applications. Examples of these technologies include improved batteries, virtual assistants, lightweight materials, highly efficient networking technologies, and many more. These NASA programs run by the US government are anticipated to significantly accelerate market growth. Frequent synthesizer development will also contribute to the market's growth throughout the projected period.

• Increased adoption of frequency synthesizers

Due to their growing popularity over analog frequency synthesizers due to several benefits, frequency synthesizers are predicted to hold a sizable share during the forecast period. The features of digital frequency synthesizers include small size, relatively low cost, fast and phase-continuous frequency switching, and arbitrarily small frequency spacing. All things considered, a digital frequency synthesizer can provide significantly better performance with finer granularity over a larger range of frequencies. Furthermore, the way high frequency, high speed, and high accuracy systems generate their clocks has been completely revolutionized by this technology. Throughout the forecast period, the product's ability to operate efficiently at high-frequency ranges is expected to have a significant impact on market growth.

• High demand from the telecommunication industry

The ongoing growth of the communication industry in all possible directions with numerous new technologies already being in use updates about telecommunications in the market. For instance, India’s Department of Telecommunication (DoT) has allocated an $8 billion investment in 2021-2022, being the world's second-largest telecom market according to the India Brand Equity Foundation (IBEF). By making such a large investment in the frequency synthesizer within the telecommunications market, there will be considerable returns. The anticipated significant growth in its size is, in addition, largely due to expectations of 5G technology coming along soon.

Frequency synthesizers make it easy to share wireless multimedia, instant data, and high voice quality by enabling maximum bandwidth efficiency. Consequently, their utility in the telecoms sector is anticipated to rise considerably thanks to this high-bandwidth efficiency application, which will spur market growth.

Frequency Synthesizer Market Geographical Outlook

• North America is witnessing exponential growth during the forecast period

The market in this region is being driven by the presence of numerous major players in the aerospace and telecommunications sectors, as well as by governments spending more on defense equipment and increasing investments in technologies. Furthermore, it is anticipated that the market will benefit from the growing use of 3D radar for naval surveillance to bolster maritime security. The United States government is developing airports worldwide and has taken over control of the arena of global climate change. An amount worth $ 25 billion has been given the US government’s approval to enhance safety at airports. In 2022, NIST has come up with LOW PHASE NOISE FREQUENCY SYNTHESIZER, which will be used for high-resolution imaging, radar systems, and telecommunication using radar systems, among others, with good spectrum control.

Frequency Synthesizer Market Key Launches

 

• In May 2023, Quantum Wenzel, a Quantic Electronics company, completed the delivery of a space-qualified frequency synthesizer assembly to NASA for the Europa Clipper Mission. Wenzel also provides frequency sources, integrated microwave assemblies, and crystal oscillators. The RF engineers at Wenzel are renowned for their proficiency in resolving complex timing and frequency reference issues for space applications. Europa is a moon showing that there may be a liquid ocean suitable for life beneath its icy surface. The Europa Clipper mission's instruments will determine whether the water's conditions are conducive to life.

Segmentation:

• By Application
  • Military and Aerospace
  • Telecommunication
  • Others
• By Type
  • Direct Analog Synthesizer
  • Direct Digital Synthesizer
  • Indirect Digital Synthesizer
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • Spain
    • United Kingdom
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. FREQUENCY SYNTHESIZER MARKET, BY APPLICATION

5.1. Introduction

5.2. Military & Aerospace

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Telecommunication

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Others

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

6. FREQUENCY SYNTHESIZER MARKET, BY TYPE

6.1. Introduction

6.2. Direct Analog Synthesizer

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Direct Digital Synthesizer

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Indirect Analog Synthesizer

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

7. FREQUENCY SYNTHESIZER MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Application

7.2.2. By Type

7.2.3. By Country

7.2.3.1. United States

7.2.3.1.1. Market Trends and Opportunities

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada

7.2.3.2.1. Market Trends and Opportunities

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Trends and Opportunities

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Application

7.3.2. By Type

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.1.1. Market Trends and Opportunities

7.3.3.1.2. Growth Prospects

7.3.3.2. Argentina

7.3.3.2.1. Market Trends and Opportunities

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Trends and Opportunities

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Application

7.4.2. By Type

7.4.3. By Country

7.4.3.1. Germany

7.4.3.1.1. Market Trends and Opportunities

7.4.3.1.2. Growth Prospects

7.4.3.2. France

7.4.3.2.1. Market Trends and Opportunities

7.4.3.2.2. Growth Prospects

7.4.3.3. Spain

7.4.3.3.1. Market Trends and Opportunities

7.4.3.3.2. Growth Prospects

7.4.3.4. United Kingdom

7.4.3.4.1. Market Trends and Opportunities

7.4.3.4.2. Growth Prospects

7.4.3.5. Others

7.4.3.5.1. Market Trends and Opportunities

7.4.3.5.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Application

7.5.2. By Type

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Trends and Opportunities

7.5.3.1.2. Growth Prospects

7.5.3.2. South Africa

7.5.3.2.1. Market Trends and Opportunities

7.5.3.2.2. Growth Prospects

7.5.3.3. Others

7.5.3.3.1. Market Trends and Opportunities

7.5.3.3.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Application

7.6.2. By Type

7.6.3. By Country

7.6.3.1. China

7.6.3.1.1. Market Trends and Opportunities

7.6.3.1.2. Growth Prospects

7.6.3.2. Japan

7.6.3.2.1. Market Trends and Opportunities

7.6.3.2.2. Growth Prospects

7.6.3.3. India

7.6.3.3.1. Market Trends and Opportunities

7.6.3.3.2. Growth Prospects

7.6.3.4. South Korea

7.6.3.4.1. Market Trends and Opportunities

7.6.3.4.2. Growth Prospects

7.6.3.5. Thailand

7.6.3.5.1. Market Trends and Opportunities

7.6.3.5.2. Growth Prospects

7.6.3.6. Others

7.6.3.6.1. Market Trends and Opportunities

7.6.3.6.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Texas Instruments Incorporated

9.2. Analog Devices Inc.

9.3. National Instruments Corporations

9.4. FEI-Elcom Tech Inc.

9.5. Qorvo Inc

Texas Instruments Incorporated

Analog Devices Inc.

National Instruments Corporations

FEI-Elcom Tech Inc.

Qorvo Inc.