Consumer Electronics is Expected to Dominate the Global Crystal Oscillator Market
The
increasing demand for convenience is driving the application of wireless
interconnections, such as remote keyless entry. The application of crystal
units and crystal oscillators in automobiles is expected to increase during the
forecast period.
According to TechSci
Research report, “Global Crystal Oscillator Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”. The Global Crystal
Oscillator is anticipated to project robust growth in the forecast period with
a CAGR of 6.20% through 2028. Increased
consumption of electronics leads to increased demand for crystal oscillators,
and the fast adaption of Information systems in automotive industries are the
key market drivers contributing to market growth and expansion. The
Asia-Pacific region contributed the largest market share due to increased
consumption of electronics among consumers. In addition, various automotive
industries in this Region are adopting innovative solutions to boost market
growth.Further, the major countries studied in the market report are The U.S.,
Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia,
South Korea, and Brazil. North America Crystal Oscillators market accounts for
the second-largest market share as this Region is an end-user for crystal
oscillators and is a major tech innovator. Moreover, US Crystal Oscillators
market held the largest market share due to its dominance in electronics and
semiconductors. The Canada Crystal Oscillators market is the fastest-growing
market in the region.The Europe Crystal Oscillators Market is expected to grow
at the fastest CAGR from 2023 to 2032. This is due to technological
advancements and the adoption of 5G networks. Further, the German Crystal
Oscillators market and UK Crystal Oscillators market are the fastest-growing
markets in the European Region.For instance, with the rollout of the 5G
network, the demand for smartphones is projected to increase significantly. By
the end of 2021, operators in Asia Pacific, North America, and Europe had begun
building the technology, reaching 1.9 million subscribers globally. By the end
of 2024, it is predicted that there will be 1.9 billion 5G subscriptions
worldwide.
Recent Developments:-
- July 2020 The TCXO-type
crystal oscillators TG2016SKA and TG2016SLA were introduced by Seiko Epson. The
most recent items on the market are temperature-compensated crystal oscillators
that are car-grade, AEC-Q100 compliant, and suitable for automobile use.August
2020 Nihon Dempa Kogyo Co., Ltd. launched the NT1612AJA, a lightweight,
prototyped-frequency, temperature-compensated crystal TCXO oscillator, on a
global scale.June 2020 Several high-stability TCXO-type crystal oscillators
from Seiko were released globally, with either CMOS or clipped sine output.
- The Crystal Oscillators
Market segmentation, based on Type, Includes Temperature-Compensated Crystal
Oscillator (TCXO), Simple-Packaged Crystal Oscillators (SPXO),
Voltage-Controlled Crystal Oscillators (VCXO), Frequency-Controlled Crystals
Oscillator (FCXO). The TCXO category holds the largest market share in 2022 as
it is used extensively in electronic devices.
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data Figures spread through 188 Pages and an in-depth TOC on " Global Crystal Oscillator Market"
The Internet of Things (IoT)
and Industry 4.0 initiatives rely heavily on precise synchronization and
timing. In IoT applications, sensors and devices need to be synchronized for
data collection and transmission, while Industry 4.0's automation and robotics
depend on precise timing. This drives the demand for crystal oscillators. The
aerospace and defense sectors demand high-reliability crystal oscillators for
avionics, radar systems, and military communications. Precision is critical in
these applications, making crystal oscillators indispensable. Developing
countries are experiencing substantial growth in the consumer electronics
market. As economies expand and technology becomes more accessible, the demand
for crystal oscillators in these regions is on the rise.
Key market players in the
Global Crystal Oscillator Market are
following:-
- TXC
Corporation
- Kyocera
Crystal Device Corporation
- Daishinku
Corp.
- Microchip
Technology Inc.
- Murata
Manufacturing Co. Ltd.
- Hosonic
Electronic Co. Ltd.
- SiTime
Corporatio.
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“Continuous advancements in
crystal oscillator technology, such as the development of miniature and
high-frequency oscillators, are driven by R&D efforts. Manufacturers strive
to enhance the performance and efficiency of their products, further
stimulating market growth. The market faces challenges
related to counterfeit products, which can compromise the performance and
reliability of electronic devices. This issue drives the need for stricter
quality control measures and certifications to ensure product authenticity. In
conclusion, the global crystal oscillator market is influenced by a variety of
factors, with increasing demand in consumer electronics, telecommunications,
automotive, and emerging technologies acting as primary drivers. Adaptation to
environmental regulations, supply chain resilience, and the growing need for
high-quality, reliable products are also integral to the market's success.
Furthermore, innovative trends such as miniaturization and the development of
alternative timing solutions contribute to the evolution of the crystal
oscillator market. Manufacturers and stakeholders must stay attuned to these
drivers to capitalize on the opportunities and navigate the challenges in this
dynamic and evolving market. ” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management consulting firm.
Crystal Oscillator Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast Segmented, By Type (Frequency-controlled
Crystal Oscillator, Voltage-controlled Crystal Oscillator,
Temperature-compensated Crystal Oscillator, Simple Packaged Crystal Oscillator,
and Oven-controlled Crystal Oscillator), By Mounting Type (Surface Mount and
Thru-hole), By End-user Industry (Consumer Electronics, Automotive, Telecom and
Networking and others) By Region, Competition 2018-2028. has evaluated the future growth
potential of Global Crystal Oscillator Market
and provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Crystal Oscillator Market.
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