Press release
Crystal Oscillators Market 2024-2033: Future Outlook, Global Trends, Industry Share And Top Key Players
Crystal Oscillators Market
The Business Research Company offers in-depth market insights through Crystal Oscillators Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Increasing Penetration Of Smartphones And Tablets
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.
Competitive Landscape:
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
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Top Trend - Advancements in Ultra-Low Current Crystal Oscillators Drive Market Innovation
Major companies operating in crystal oscillators market are focused on innovating ultra-low current crystal oscillators to advance their position in the market. Ultra-low current crystal oscillators are a type of crystal oscillator that consumes very low power. For instance, in May 2022, TAITIEN Electronics Co. Ltd, a Taiwan-based control component manufacturer, launched ultra-low current crystal oscillators, specifically the OZ-D and OY-D models, which feature a remarkably low current consumption of only 1.4μA. These crystal oscillators are designed with a low power consumption design, representing a significant decrease in current consumption of more than 90% from the previous 32.768kHz oscillators. The introduction of these ultra-low current crystal oscillators aligns with TAITIEN's focus on providing high-precision, low-power consumption, and wide-temperature quartz crystals to meet the diverse needs of customers.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Crystal Oscillators Market Characteristics
3. Crystal Oscillators Market Trends And Strategies
4. Crystal Oscillators Market - Macro Economic Scenario
5. Crystal Oscillators Market Size And Growth
…..
27. Crystal Oscillators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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