Press release
Crystal Market Outlook 2034: Valued at US$ 4.4 Bn in 2023, Projected to Reach US$ 6.6 Bn by 2034
The Global Crystal Market (크리스탈 마켓), currently valued at US$ 4.4 Bn in 2023, is forecasted to experience steady growth, advancing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2034, and is expected to reach US$ 6.6 Bn by the end of 2034. This growth trajectory is driven by rapid advancements in electronics technology and the increasing demand for high-performing, compact devices.The crystal industry is poised for significant growth, propelled by technological innovations in electronics. The development of smaller, high-performing devices, coupled with advancements in precision manufacturing and crystal growth techniques, is enhancing the quality and performance of crystals used in semiconductors. Emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), and electric vehicles (EVs) present numerous growth opportunities for the crystal market.
Asia Pacific is leading the market, attributed to the presence of major semiconductor manufacturers and the rapid growth of the electronics industry in countries like China, Japan, and South Korea. Key players in the market are focusing on product development, strategic partnerships, and mergers & acquisitions to expand their product portfolios.
Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86280&utm_source=Openpr&utm_medium=Amit
Market Overview
Crystals, available naturally or synthetically (cultured crystals), are critical components in various industries. The crystal market study focuses on components like crystal oscillators, resonators/crystal units, and filters, extensively used in automotive, consumer electronics, military & aerospace, IT & telecommunication, healthcare, and other industries.
The demand for cultured quartz crystal is rising due to the increasing popularity of wearables and health & fitness tracking products. Wearable technology is also widely deployed in the manufacturing and healthcare industries, further fueling the demand for cultured quartz crystal.
Key Market Drivers
1. Increase in Demand for Consumer Electronic Products: The surge in demand for consumer electronic products such as wearables, Bluetooth devices, portable PCs, smartphones, GPS/GNSS, security cameras, sensors, music players, digital cameras, and game consoles is driving the production of cultured quartz crystal. Natural quartz crystal suitable for direct electronic or optical use is limited, leading to increased acceptance of cultured quartz crystal as an alternative material in electronics and optics.
2. Rise in Demand for Crystal Oscillators for Vehicle Electronics Systems: The automotive electronics field is evolving with the introduction of advanced driver-assistance systems (ADAS) and feature-rich infotainment systems. This evolution is driving the demand for crystal oscillators. Manufacturers are developing advanced crystal components for in-vehicle infotainment systems, enhancing the crystal market revenue.
MHz Frequency Gaining Traction
The crystal market (クリスタルマーケット) is segmented based on frequency into KHz and MHz. The MHz segment held a share of 59.0% in 2023 and is expected to expand at a rate of 4.0% during the forecast period. MHz crystal units are widely used for high power applications in IoT, consumer electronics, home electronics, industrial control & automation, mobile communication, military, and commercial applications.
High Demand for Oscillators
The market can be segmented into oscillators, resonators, and filters. The oscillators segment accounted for a share of 48.2% in 2023 and is likely to remain dominant, expanding at a rate of 4.3% during the forecast period. The demand for crystal oscillators across smartphones, wireless LAN, WiMAX, Bluetooth, wearable devices, tablets, computers, GPS/GNSS, and industrial radio communications is fueling this growth.
Access Full Report from Here - https://www.transparencymarketresearch.com/crystal-market.html
Regional Outlook
Asia Pacific held a prominent share of 42.8% in 2023 and is anticipated to grow at a notable CAGR of 4.3% throughout the forecast period. China has the largest market for crystal units due to its strong position in consumer electronics, semiconductors, and telecommunication device manufacturing. Increased R&D expenditure and investments by governments to develop improved sensors for various applications are driving market progress in the region.
Key Players
The crystal market landscape is consolidated, with a few well-known players holding significant market share. Companies are investing significantly in research & development to launch innovative crystals. Strategies such as expanding product portfolios and mergers & acquisitions are commonly adopted by key players.
Prominent players in the crystal market include Abracon, ACTE A/S, Daishinku Corp, Diodes Incorporated, ECS Inc. International, FujiCom Co., Ltd, Harmony Electronics Corp, Hefei Jingweite Electronics Co., Ltd, Interquip Electronics (Shenzhen) Co., Ltd, KYOCERA Corporation, Microchip Technology Inc, Murata Manufacturing Co., Ltd, NIHON DEMPA KOGYO CO., LTD, Renesas Electronics Corporation, Seiko Epson Corp, Shenzhen Jingfeng Crystal Technology Co., Ltd, Siward Crystal Technology Co Ltd, Taitien Electronics Co. Ltd, TXC Corporation, and Yoketan Corporation.
Click Here to Purchase this Comprehensive Insights Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=86280<ype=S&utm_source=Openpr&utm_medium=Amit
More Trending Reports-
IoT Sensors Market(Marché des capteurs IoT): https://www.transparencymarketresearch.com/iot-sensors-market.html
Digital Printing Market(Markt für Digitaldruck): https://www.transparencymarketresearch.com/digital-printing-market.html
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Crystal Market Outlook 2034: Valued at US$ 4.4 Bn in 2023, Projected to Reach US$ 6.6 Bn by 2034 here
News-ID: 3575179 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Electronic
Revolutionizing Electronic Warfare: The Power of Cognitive Electronic Warfare Sy …
According to the report published by Allied Market Research, " Cognitive Electronic Warfare System Market by Capability (Electronic Attack, Electronic Protection, Electronic Support, Electronic Intelligence) and by Platform (Naval, Airborne, Land, Space): Global Opportunity Analysis and Industry Forecast, 2023-2032 "Cognitive electronic warfare systems are based on learning action frameworks that use machine learning algorithms and artificial intelligence (AI) to mimic human perception of learning, memory, and judgement. Machine learning, being…
Electronic Cigarettes
Electronic Cigarettes are also known as Vaping, which consist of different type of devices that allow the users to inhale an aerosol that might be nicotine, flavoring and other species. Electronic Cigarettes market is expected to mark significant growth over forecasted period owing to increasing technological advancements, change in lifestyle and consists of various flavours and fragrance. There has been significant rise in number of prevalence of adults using e-cigarettes…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine…
Electronic Wrapper Market Segmented By loading types semi-automatic electronic w …
A Revolutionary Product for the Packaging Industry
The electronic wrapper has been a revolutionizing product in the packaging industry. Electronic wrappers are easy to maintain and comfortable for size changes. The steel built electronic wrappers enable easy access for maintenance and cleaning, thus, gaining a considerable customer base from the packaging industries mainly for food and consumer products. An electronic wrapper is an automated machine, which is programmed to perform a…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…
