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Crystal Oscillators Market Size Projected to Rise Lucratively during 2023
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Consumer products which include radios, television sets, cellular phones, cordless phones, computers, pagers, VCRs etc., have been growing for decades. Increasing penetration of smartphones and tablets is expected to be a significant driver for the market. In addition, healthcare devices require crystal oscillators in products such as pacemakers. Therefore, the constantly evolving medical industry is expected to fuel the market.
Growing research and developments in certain fields require a variety of measuring instruments, which works on the principle employed by crystal oscillators and hence use them extensively. Introduction of Quartz MEMS technology is a future opportunity for the market, and adopting standard semiconductor processes and high volume plastic packaging is expected to significantly improve the lead time and availability of oscillator procurement.
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Some of the major companies with global presence include Epson Toyocom, Rakon, TXC, HELE, SIWARD, and TAISAW.
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