According to the latest market study released by Technavio, the global phase shifters market is expected to grow at a CAGR of more than 6% during the forecast period.
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Technavio has published a new report on the global phase shifters market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global Phase Shifters Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Rohan Joy Thomas, a lead analyst at Technavio for embedded systems research, "Phase shifters are an essential component in mobile communication devices like the antennas, radar systems, and towers. A lot of new generation technologies that require phase shifters as an essential component has emerged, leading to the growth of the global phase shifters market."
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The market research analysis categorizes the global phase shifters market into three major application segments. They are:
- Space
- Commercial
- Military
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Global phase shifters market by space
The global phase shifters market by space is expected to witness significant growth during the forecast period. The space segment includes applications used in satellites and space shuttles. Since satellites are a critical part of the networking infrastructure, many countries across the globe are in the pursuit of sending an adequate number of satellites to the space to ensure optimum network connectivity.
Globally, a lot of countries are investing heavily in space programs. Phase shifters assist in precise radio communication from the space. Apart from point-to-point communication, phase shifters also enhance the transmission of the signals through the satellites, facilitating live telecast and other forms of broadcast.
Global phase shifters market by commercial
The global phase shifters market is expected to witness a decent growth during the forecast period because of the increasing number of connected applications in many consumer electronics devices and a moderate increase in the global sales of the communication devices. IoT applications, smart homes, smart workplaces, and smart buildings have led to an increase in the number of connected devices. Smart homes comprise a whole network infrastructure, home automation, and intelligent control.
"Smart homes, smart workplaces, and smart buildings are equipped with advanced and automated digital devices, home appliances, and equipment. All these are interconnected with each other, which helps monitor and control the functions of the properties. Phase shifters are an important component of wireless communication devices such as Wi-Fi routers as they enhance the receptibility and the transmission of the signals, improving connectivity among the devices," says Rohan.
Global phase shifters market by military
Phased-array antenna radars have found increased use in surveillance and communication applications. This sector also includes the application of the phase shifters in aircraft communication systems and the telecom systems. Also, phase shifters are used in radar applications and unmanned aerial vehicle (UAV).
Globally, the military spending has been on an increasing trend with a motive to modernize the forces and replace the old machinery to cope up with the present-day requirements. Furthermore, military vehicles are becoming automated day-by-day. These factors are expected to gain traction in the market, contributing to the growth of the global phase shifters market.
The top vendors highlighted by Technavio's market research analysts in this report are:
- Analog Devices
- SAGE Millimeter
- Astra Microwave Products
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