Press release
Crystal Oscillators Market Growth, Industry Size-Share, Developments, Trends 2024-2033
Crystal Oscillators
The Business Research Company presents an extensive market research report on the Crystal Oscillators Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The crystal oscillators market size has grown strongly in recent years. It will grow from $3.04 billion in 2023 to $3.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to telecommunications expansion, consumer electronics boom, military and defense applications, industrial automation, medical device market growth.
The crystal oscillators market size is expected to see strong growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rise in electric vehicles, space exploration initiatives, growing use in autonomous vehicles, demand for high-performance computing, demand for miniaturized oscillators. Major trends in the forecast period include surface mount technology (SMT) oscillators, MEMS oscillators, high-frequency oscillators, voltage-controlled oscillators, low-noise oscillators, automotive-grade oscillators.
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Key Market Players:
Major companies operating in the crystal oscillators market report are Kyocera Corporation, Murata Manufacturing Co. Ltd, Fox Electronics, Seiko Epson Corporation, River Eletec Corporation, WTL International Limited, Mercury Electronic Ind Co. Ltd., CTS Corporation, Daishinku Corp., TXC Corporation, Hosonic Electronic Co. Ltd, SiTime Corporation, Rakon Ltd, Micro Crystal AG, Siward Crystal Technology Co. Ltd, Raltron Electronics Corporation, Nihon Dempa Kogyo Co. Ltd., Abracon LLC, Statek Corporation, Jauch Quartz GmbH, Crystek Corporation, Ecliptek Corporation, IQD Frequency Products Ltd., ILSI America LLC, Pletronics Inc., KVG Quartz Crystal Technology GmbH, Vectron International Inc., Miyazaki Epson Corporation, Golledge Electronics Ltd., Oscilent Corporation
Market Drivers:
Increasing penetration of smartphones and tablets is expected to propel the growth of the crystal oscillators market. Currently, all mobile phones are equipped with two crystal oscillators, one to maintain sleep-mode timing adjacent to the processor and the second device is used in power management chips. They are widely used in mobile phones and tablets due to their technical advantages over other compatriots such as low cost and energy efficient. For instance, according to the study published by Gartner Inc., smartphone sales across the globe increased by 6% during 2020-2021, after a decline of 12.5% during 2019-2020 due to the COVID-19 pandemic. Therefore, the constant increase in sales of mobile phones is expected to boost demand for crystal oscillators during the forecast period.
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https://www.thebusinessresearchcompany.com/report/crystal-oscillators-global-market-report
The crystal oscillators market covered in this report is segmented -
1) By Type: Temperature Compensated Crystal Oscillator (TCXO), Simple Packaged Crystal Oscillator (SPXO), Voltage Controlled Crystal Oscillator (VCXO), Frequency Controlled Crystal Oscillator (FCXO), Oven Controlled Crystal Oscillator (OCXO), Other Types
2) By Mounting Scheme: Surface Mount, Through-Hole
3) By Application: Telecom and Networking, Consumer Electronics, Military and Aerospace, Research and Measurement, Industrial, Automotive, Medical Equipment
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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