Crystal Oscillator Market is Expected to Witness Speedy Growth of USD billion by 2032
The global crystal oscillator market size was USD 2.92 Billion in 2022 and is expected to reach USD 3.49 Billion in 2032, and register a revenue CAGR of 2% during the forecast period. High demand for crystal oscillators in the consumer electronics sector and rising demand for high-precision timing devices in various industries are major factors driving market revenue growth. One of the largest end-users of crystal oscillators is the consumer electronics sector, which uses them in smartphones, laptops, tablets, and other electronic devices.
High-precision crystal oscillators are in high demand as wireless communication technologies such as 5G, Wi-Fi, and Bluetooth are more widely used. These technologies require precise timing equipment to ensure seamless communication between devices. Crystal oscillators are widely used in the automotive industry for Advanced Driver Assistance Systems (ADAS), infotainment systems, and engine control units.
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In addition, demand for smaller and more accurate crystal oscillators is being driven by the ongoing trend of miniaturization in the electronics sector. Smaller and more accurate crystal oscillators are being produced due to the advancement of advanced manufacturing processes and technologies such as Surface-mount Technology (SMT) and Microelectromechanical Systems (MEMS), which is expected to drive revenue growth of the market.
In addition, the aerospace and defense sector's increasing need for crystal oscillators for navigation and communication systems is expected to drive revenue growth of the market. Revenue growth of the market is expected to be driven by increasing use of satellites and Unmanned Aerial Vehicles (UAVs) for communication and surveillance. However, availability of inexpensive substitutes and rising popularity of integrated circuits, which can perform crystal oscillator functions at a lower cost, are major factors, which could restrain revenue growth of the market to some extent.
Competitive Landscape:
Texas Instruments Inc. Murata Manufacturing Co., Ltd. Seiko Epson Corporation Vectron International, Inc. NDK America Inc. Rakon Limited Taitien Electronics Co., Ltd. Citizen Holdings Co., Ltd. Kyocera Corporation Microchip Technology Inc. Abracon LLC The global market is further segmented into type and application:
By Type Outlook
Through-hole
Surface-mount
Others
By Application Outlook
Consumer Electronics
Industrial
Telecommunications
Automotive
Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
North America (U.S., Canada, Mexico) Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Rest of APAC) Latin America (Brazil, Rest of LATAM) Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/7291
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