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.
This exponential growth of the market is attributed to the introduction of 5G technology, wherein analog phase shifters will be used for beam forming. The telecommunication segment remained uneventful and non-responsive till 2017 after which the sector is expected to pick up pace and show the maximum contribution in the growth of the global analog phase shifter market during the forecast period 2017–2027.
The widespread nature and ubiquity of telecommunication infrastructure will induce a substantial growth in the market for analog phase shifters. The telecommunications segment in the global analog phase shifter market is expected to pick up pace in 2020, when the segment is anticipated to reach a valuation of over US$ 60 Mn by the end of 2020. The other two segments — radars and satellites — are both expected to witness a CAGR of 4.9% during the forecast period 2017–2027. The telecommunications segment is expected to grow at a whopping CAGR of 59.2% during the forecast period.
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.
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.
Key Segments Covered
- North America
- Western Europe
- Eastern Europe
- Latin America