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A model of the estimation of the ferroelectric-based phase-shifter figure of merit concerning the material properties and phase-shifter design parameters is presented. The influence of ferroelectric material tunability and losses on phase-shifter characteristics are analyzed. Two approaches to phase-shifter design (transmission line and band-pass filter) are considered. The review of the published results on the ferroelectric phase-shifter design was performed to approve the method proposed. Recommendations to optimize the phase-shifter development process are suggested on the basis of the elaborated model and analysis performed.