By the end of 2028, the Digital Phase Shifters Market is expected to be worth US$ 9.8 billion, with a CAGR of 65.4 percent from 2022 to 2028.
Demand for digital phase shifters is expected to expand across a variety of end-use industries, including telecommunications, aerospace and defense, weather forecasting, mobile, mobile broadband, Internet, satellite, and fixed broadband in the coming years.
In addition, over the next decade, ongoing advances in information technology are predicted to drive market growth.
North America now leads all other regions in terms of market value share, and it is likely to continue to do so during the projection period. The commercialization of space exploration and the massive defense budget are credited for the country’s long-term growth.
Due to the strong presence of US-based firms leading the telecom sector in terms of trials and implementation of 5G technology, this regional market will remain in the spotlight shortly. North America and Europe are expected to be the leading areas in the worldwide digital phase shifters market throughout the forecast period, according to the report.
The emerging markets are likely to be Asia Pacific c, the Middle East and Africa, and Latin America, due to the high population density in these countries.