As cited by the research report titled ‘Global Frequency synthesizer Market Size study, by Type (Analog and Digital), Components (Phase Detectors, Loop Filters, Oscillators, and Mixers), Application (Telecommunications, Military & Aerospace, and Research & Measurement) and Regional Forecasts 2021-2027’, available with Market Study Report, global frequency synthesizer market was worth USD 1.75 billion in 2020 and is projected to grow with a CAGR of 6.56% to accumulate USD 2.73 billion over 2021-2027.
 

Widespread proliferation of mobile phones, rising product applications in military & aerospace and research & measurement, coupled with increasing adoption of chips and RF Capable CIS in telecommunications sector are major factors driving global frequency synthesizer market growth.
 

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Additionally, development in IT and telecom technology, as well as rise in government spending on technologies for the military are positively swaying the market dynamics.
 

For instance, in the U.S., military & defense spending was estimated to be 15% of the federal spending, which was USD 732 billion in 2019 in comparison to USD 647 billion in 2018.
 

For the record, a frequency synthesizer uses procedures of frequency multiplication, segment-locked loops, frequency division, direct digital synthesis, and frequency fixing to generate frequencies.
 

As cited in the report, high cost of frequency synthesizer is likely to restrain market progression over the forecast duration 2021-2027.
 

Based on type, worldwide frequency synthesizer industry is segmented into digital, and analog. Speaking of components, the marketplace is divided into mixers, oscillators, dividers, loop filters, and phase detectors. Considering application ambit, the industry fragmentation comprises research & measurement, military & aerospace, and telecommunications.
 

On the regional front, Asia Pacific, Europe, North America, and Latin America are major contributors towards the overall industry valuation. Of these, North America is currently dominating the market share on account of evolution and expansion of telecom technologies in the region.
 

Meanwhile, Asia Pacific market is anticipated to expand lucratively through 2027, owing to the mounting demand for mobile phones across the region.
 

Prominent players in global frequency synthesizer industry sphere are Mercury United Electronics Inc., Synergy Microwave Corporation, Sivers Semiconductors AB, Ultra Electronics Holdings plc, Qorvo Inc., FEI-Elcom Tech Inc., National Instruments Corporation, Analog Devices Inc. and Texas Instruments Inc., and Micro Lambda Wireless Inc.