Frequency Synthesizer Market Revenue Size Expected to Boom in the Coming Years
The frequency synthesizer market size is expected to witness significant growth during the forecast period, owing to increase in demand for advanced electronics across various industry verticals.
Moreover, some of the major factors that drive the growth of the global frequency synthesizer market include increase in use of frequency synthesizers in mobile technology. The demand and usage of smart phones and mobile phones is increasing at a very high rate across the world.
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The high usage of cellular devices is generating the need for use of frequency synthesizers to generate clearer signals.
Moreover, growth in demand of ICs that use radio frequencies also boost the growth of the global frequency synthesizer market.
In addition, upcoming advancements in mobile networking technologies such as 5G network also boost market growth, as many players are investing in the market to expand their market reach. Thus, all these factors are expected to create opportunities for the market growth.
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The frequency synthesizer industry is segmented into type, application, and region Based on type, the market is classified into analog and digital. On the basis of application, it is categorized into research & measurement, military & aerospace, and telecommunications. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the frequency synthesizer market include Ultra Electronics, Texas Instruments Incorporated, National Instruments, Analog Devices, Inc., Qorvo Inc., Micro Lambda Wireless, Inc., Synergy Microwave Corporation, Fei-Elcom Tech, Inc., EM Research, Inc., and Programmed Test Sources Inc.
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These key players focus on R&D activities related to frequency synthesizer technologies and adopt various strategies such as acquisition, mergers, collaboration, and others to enhance products in the market. For instance, Nokia, has massive potential in the upcoming waves of 5G technologies coupled with the IoT, which is . Nokia is observing the large number of users for mobile networking and cloud-based technologies.
While field testing and standardization of 5G technologies is being conducted at lightning fast rates, players in the global frequency synthesizer market are yet to identify worthy avenues of investment.
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