The Crystal Oscillator Market is estimated to be valued at US$ 2,082.5 Mn in 2021 and is expected to exhibit a CAGR of 4.0% over the forecast period of 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Crystal oscillators are electronic devices that use the vibration of a quartz crystal to generate an electrical signal with a very precise frequency. These devices are widely used in various applications such as consumer electronics, telecommunications, military and aerospace, automotive, healthcare, and industrial sectors. The increasing demand for high-precision electronic devices and the growing adoption of wireless technology are driving the growth of the crystal oscillator market. The market offers various types of crystal oscillators such as temperature-compensated crystal oscillators (TCXOs), oven-controlled crystal oscillators (OCXOs), voltage-controlled crystal oscillators (VCXOs), and others.
Market Dynamics:
The crystal oscillator market is driven by two main factors: technological advancements and the growing demand for consumer electronics. Technological advancements, such as the development of miniature and high-frequency crystal oscillators, are enabling the integration of these devices in compact electronic products. Moreover, the rising adoption of smartphones, tablets, wearables, and other consumer electronic devices is fueling the demand for crystal oscillators. The growing need for accurate and stable frequency control in wireless communication systems and the increasing deployment of IoT devices are also contributing to market growth.
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