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