A new research report suggests that the global analog phase shifter market is expected to witness an exponential growth in the coming years, especially in telecommunication applications. This research report by Future Market Insights is titled ‘Analog Phase Shifter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).’ The report highlights the current scenario of the global analog phase shifter market and the trends governing the market. According to the report, the global analog phase shifter market is expected to reach a market value of over US$ 1,600 Mn by the end of 2027, growing at a stellar CAGR of 49.5% during the forecast period.
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The introduction of 5G technology, which will utilise analogue phase shifters for beam shaping, is blamed for the market’s exponential expansion. The telecommunications industry was unremarkable and unresponsive until 2017, when it is anticipated to pick up speed and contribute most to the expansion of the worldwide analogue phase shifter market throughout the forecast period of 2017 to 2027.
The market for analogue phase shifters will experience a significant increase due to the pervasive and ubiquitous nature of communications infrastructure. In the global analogue phase shifter market, the telecommunications segment is likely to gain momentum in 2020 and reach a valuation of over US$ 60 Mn by the end of the year. The CAGR for the other two market segments, radars and satellites, is predicted to be 4.9% from 2017 to 2027. During the projection period, the telecommunications segment is anticipated to expand at a staggering CAGR of 59.2%.
Analog phase shifter market to grow with arial defence gaining importance among security forces
As political instability and civil war continues in the Middle East, rich economies like the U.S. and Saudi Arabia are likely to spend heavily on their aerial defence programs. Procurement of air-to-surface missiles and up-gradation of military jets is also on the rise. Many countries are even implementing usage of drones into their arsenal. As phased array antennas are largely used in missile defence systems and military jets, the increasing focus on aerial defence will result in a favourable demand for analog phase shifters in the coming years.
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Global Analog Phase Shifter Market: Competitive Landscape
This comprehensive research report includes a brief profile of the top players in the industry. Some of the leading companies mentioned in the report include Pulsar Microwave Corporation, Mini-Circuits, Qotana Technologies Co.,Ltd, SAGE Millimeter, Inc., Planar Monolithics Industries, L3 Narda-MITEQ etc.
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Key Segments Covered
By Application
- Radars
- Satellites
- Telecommunication
By Region
- North America
- Western Europe
- Eastern Europe
- Latin America
- APEJ
- Japan
- MEA
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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