That Digital Phase Shifter Market is expected to be worth US$9.8 billion by the end of 2028 and will grow rapidly at a CAGR of 65.4% from 2022 to 2028. Increasing demand for digital phase shifters in various end-use industries including telecom, aerospace and defence, weather forecasting, cellular, mobile broadband, internet, satellite and the fixed broadband sectors are considered to be the key factor driving the growth of the global digital phase shifter market in the upcoming years. Furthermore, the constant advancements in information technology are expected to fuel the market growth in the next decade.
By region, North America is currently dominating others in terms of market share and is expected to remain the global leader throughout the forecast period. This continued growth is attributed to the commercialization of space exploration and the huge defense budget. This regional market will remain in the spotlight for the foreseeable future due to the strong presence of US-based companies that are leading the telecom industry in terms of testing and deployment of 5G technology.
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The report anticipates that North America and Europe will remain the key regions in the global digital phase shifter market during the forecast period. Asia-Pacific, Middle East & Africa, and Latin America are expected to be the emerging markets as the large populations in these areas will increase pressure on existing telecom infrastructure, which in turn will lead to rising demand for global digital phase shifters. However, the research points to a strong possibility that the overall digital phase shifter market is shifting from the saturated markets of North America and Western Europe to less developed emerging markets such as MEA and SEAP.
Other key market segments include 4-bits, 5-bits, 6-bits, 8-bits and others based on the number of bits; and – 10.99GHz, 11 –…