The Global Crystal Oscillator Market Growth Is Poised To Accelerated By Miniaturization

 

Crystal Oscillator Market

Crystal oscillators are quartz crystals that produce electrical signals of a precise frequency when cut and connected in an appropriate electronic circuit. They are used in various electronic devices such as computers, tablets, smartphones, smartwatches, telecommunication equipment, and medical devices for their accuracy and stability. Quartz crystals can produce electrical signals that maintain an accurate and stable beat when they are physically stimulated.

The global crystal oscillator market is estimated to be valued at US$ 2594.8 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

 

Market Dynamics:

One driver from heading- Wide Applications in Consumer Electronics and Telecommunications Industry. Crystal oscillators find major applications in consumer electronics and telecommunication equipment such as smartphones, computers, TVs, radios, cell phones, modems, routers, and switches. With the booming consumer electronics and telecommunications industries, the demand for crystal oscillators is increasing significantly. According to Consumer Technology Association, consumer electronics sales in 2020 grew by 13% year over year to reach $461 billion in the US. Further, 5G networks are expected to drive growth of the telecommunications industry. Increased uptake of 5G-enabled devices will augment the demand for crystal oscillators in the coming years. This wide scale applicability of crystal oscillators in rapidly expanding consumer electronics and telecom industries acts as a major growth driver for the global crystal oscillator market during the forecast period.

 

SWOT Analysis

 

Strength: Crystal oscillator has low manufacturing cost, high temperature stability and small size. It has wide applications in telecommunication, automotive and industrial sector. Its accurate and precise frequency generation capability allows seamless integration into various electronic devices.

 

Weakness: Presence of low-cost alternatives like MEMS oscillators poses threat to crystal oscillators. Quartz crystal materials have limitations in withstanding high impact and pressure. Changes in environmental factors like temperature also affects oscillator frequency which requires compensation mechanisms.

 

Opportunity: Growth of IoT devices and 5G network rollout will drive the demand for precision timing solutions. Emerging technologies like AI, cloud computing and big data analytics will push the need for higher processing power in servers and data centers benefiting crystal oscillators. miniaturization of devices offers opportunities to develop smaller form factor oscillators.

 

Threats: Price wars among manufacturers may squeeze profit margins. Strict environmental regulations around quartz mining can impact supply chain. Trade wars and geo-political turbulence increases raw material prices. New entrants from emerging Asian markets increases competition.

 

Key Takeaways

 

The Global Crystal Oscillator Market Size is expected to witness high growth. Rapid growth of consumer electronics sector will drive the consumption of crystal oscillators in devices and applications related to 5G, IoT, wearables and mobile phones. The global Crystal Oscillator Market is estimated to be valued at US$ 2594.8 Million in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.

Asia Pacific dominates current market share led by countries like China, Japan and South Korea owing to presence of leading portable device OEMs and electronic component manufacturers in the region.

 

Key players operating in the crystal oscillator market are Biffa Plc, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd, Hitachi Zosen Corporation, Remondis Se & Co. Kg, Republic Services, Inc., Suez, Veolia Environment, and Waste Management Inc. The market is highly competitive with presence of global as well as local players. Major players are focusing on new product development, mergers and acquisitions to strengthen their market presence.


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https://www.newsstatix.com/crystal-oscillator-market-size-share-growth-outlook-2023/

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