The global Digital Phase Shifters Industry is on the verge of a substantial transformation, with a projected valuation of US$ 824.1 million for 2023, and it’s expected to display remarkable growth, soaring at a CAGR of 34% over the forecast period. By 2033, the market is poised to reach a staggering US$ 15,419.6 million, indicating the unprecedented expansion of the industry.
In terms of market value share, North America now leads the rest of the world and is anticipated to do so for the foreseeable future. This long-term expansion can be linked to the commercialization of space exploration and the massive defense budget. This regional market will remain in the spotlight in the near future due to the substantial presence of US-based enterprises driving the market.
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Key Takeaways
- The global digital phase shifters market is poised to reach a valuation of US$ 824.1 million in 2023, with an expected CAGR of 34%.
- By 2033, the market is projected to grow exponentially, reaching US$ 15,419.6 million.
- Key growth drivers include the development of 5G technology, advancements in antenna technology, and the continuous technological progress in the telecommunications and weather forecasting sectors.
- Digital phase shifters are essential components of RF systems, making them integral to the evolving digital landscape.
- The adoption of digital phase shifters
According to the study, North America and Europe will continue to be the leading areas in the worldwide Digital Phase Shifters Industry throughout the forecast period. The rising markets are likely to be Asia Pacific, the Middle East and Africa, and Latin America, as their enormous populations would put pressure on existing communications infrastructure, leading to an increase in demand for global digital phase shifters.
However, the research suggests that the entire digital phase shifters market may migrate away from the saturated markets of North America and Western Europe and toward less developed, rising economies such as MEA and SEAP.
Other key market segments include 4-Bits, 5-Bits, 6-Bits, 8-Bits, and others based on number of bits; and – 10.99GHz, 11 – 20.99GHz, and 21GHz and above based on the frequency range. While the market expects to witness highest growth of 8-bits segment in terms of the number of bits, 21GHz and above segment is projected to witness the highest CAGR value by frequency range.
Key Players
Some of the key players operating in the global Digital Phase Shifters Industry include Analog Devices, Inc., Murata Manufacturing Co., Ltd., MACOM, Qorvo, Inc., Astra Microwave Products Limited, Planar Monolithics Industries, L3 Narda-MITEQ, Pulsar Microwave Corporation, Pasternack Enterprises, Inc., Mercury Systems, Inc., and SAGE Millimeter, Inc. Designing bespoke solutions targeted at specific needs of various applications in different end-use industries will be the key strategy among leading companies in the global marketplace.
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Key Segments of Digital Phase Transformer Industry Survey By number of bits:
-4-bit digital phase shifter
-5-bit digital phase shifter
-6-bit digital phase shifter
-8-bit digital phase shifter
-Other
By frequency range:
-0.1 – 10 GHz Digital Phase Shifter
-11 – 20.99 GHz Digital Phase Shifter
-21GHz+ Digital Phase Shifter
By application:
-Digital Phase Shifter for Communications
-Digital Phase Shifter for Satellite Communications
-Digital Phase Shifter for Radar
By region:
-North American Digital Phase Shifter Market
-Latin America Digital Phase Shifter Market
-European Digital Phase Shifter Market
-East Asian Digital Phase Shifter Market
-South Asia and Pacific Digital Phase Shifter Market
-Middle East & Africa (MEA) Digital Phase Transformer Market
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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