Press release
Global Quartz Crystal Market Poised to Reach $8.83 Billion by 2031 | key player Abracon, ACTE A/S, Diodes Incorporated, DK Photonics
The Global Quartz Crystal Market has been witnessing significant growth, driven by a surge in demand from key industries such as consumer electronics, telecommunications, and automotive. According to recent data, the market was valued at US$ 4.69 billion in 2021, with projections indicating a steady expansion at a CAGR of 6.8% from 2022 to 2031. By the end of 2031, the market is anticipated to reach a value of US$ 8.83 billion.Get Sample Copy of This Report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84879&utm_source=Openpr&utm_campaign=Amit
Market Drivers and Trends
One of the primary factors fueling the growth of the quartz crystal market is the increasing adoption of quartz crystals in high-growth end-use industries like consumer electronics and IT & telecommunication. Post-COVID-19 pandemic, companies in this market are focusing on leveraging opportunities in sectors such as wearable devices, smartphones, video gamers, cameras, and computers. Additionally, the rollout of 5G networks globally is expected to drive demand for quartz crystals in the coming years.
Consumer Electronics Industry Driving Demand
The consumer electronics sector accounts for a significant portion of quartz crystal usage, with applications ranging from smartphones and PCs to smart speakers and wearables. Quartz resonators offer high-performance capabilities in oscillators and filters, making them essential for maintaining time accuracy in electronic systems. Key players like Diodes Incorporated are developing products tailored to the consumer electronics market, contributing to market growth.
Development of 5G Network
The increasing deployment of 5G networks worldwide is another major driver for the quartz crystal market. Quartz crystals find applications in network communication equipment, portable telephones, cellular phones, and aerospace communication systems. Companies like SoftBank Corp. are investing in expanding 5G infrastructure, further boosting demand for quartz crystals.
Regional Outlook
Asia Pacific dominates the global quartz crystal market, driven by the presence of key market players and technological advancements. China, in particular, is a significant contributor due to its investments in the consumer electronics industry. North America follows closely, with the U.S. being a prominent market for quartz crystals, especially in automotive, IT, telecommunication, and healthcare sectors.
Market Segmentation
Frequency
• KHz
• MHz
Crystal Cut
• AT Cut
• BT Cut
• SC Cut
• Others (FC, AK, CT etc.)
Application
• Automotive MCU
• In-Vehicle Infotainment System
• Communication and Test Equipment
• Lighting Fixtures
• HDDs / SSDs
• Wearables
• Others (Bluetooth Devices, Portable / Handheld PCs, etc.)
Key Players:
• Abracon
• ACTE A/S
• Diodes Incorporated
• DK Photonics
• KYOCERA Crystal Device Corporation
• Micro Crystal AG
• Microchip Technology Inc.
• Nihon Dempa Kogyo Co., Ltd.
• RIVER ELETEC CORPORATION
• Seiko Epson Corporation
• SiTime Corporation
• TXC Corporation
Future Outlook
Looking ahead, the quartz crystal market is expected to continue its growth trajectory, driven by advancements in technology and increasing demand from key industries. With the proliferation of IoT devices, wearables, and automotive applications, the demand for quartz crystals is likely to remain robust. However, challenges such as the frequency stability of si-MEMS oscillators may impact market growth to some extent.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
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