Crystal Oscillator Market is Estimated to Witness High Growth Owing...

Crystal Oscillator Market is Estimated to Witness High Growth Owing to Miniaturization of Electronics Devices

Posté 2024-02-15 11:59:53

1KB

A Crystal oscillator is an electronic oscillator circuit that uses the mechanical resonance of a vibrating crystal of piezoelectric material to create an electrical signal with a very precise frequency. Crystal oscillators are commonly used to keep time and provide a stable frequency signal for various electronics devices and systems. Advancements in miniaturization of electronics is fueling the demand for compact and precise frequency control devices like crystal oscillators. The Global Crystal oscillator market is estimated to be valued at US$ 2594.8 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Global Crystal Oscillator Market Demand 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 miniaturization of electronics has increased the demand for compact size crystal oscillators in various consumer electronics, automotive, healthcare and other industries. Technological advancements like double sided mounting of crystals and improved stability and frequency controls at higher operating temperatures have made crystal oscillators more suitable for wider range of applications.

Market drivers

The key driver for the Crystal oscillator market is the growing demand for advanced smartphones, wearable devices and other consumer electronics. Miniaturization trend in the electronics industry has increased the requirement of compact precision timing solutions like crystal oscillators. Also, rising penetration of Internet of Things (IoT) devices and automation across industries is driving the need for reliable frequency control components. Growing adoption of crystal oscillators in applications like automotive telematics, industrial automation, medical devices is expected to propel the market growth during the forecast period.

Current challenges in Crystal Oscillator Market
The crystal oscillator market is facing challenges due to technological advancements in timing devices and solutions. Factors like miniaturization, affordable pricing and integration with other electronic components is prompting manufacturers to explore newer alternatives to crystal oscillators. Quartz crystal resonators used in crystal oscillators are also facing obsolescence issues faster with every technology upgrade cycle. Geopolitical uncertainties and trade wars have also impacted supply chain and price fluctuations of key raw materials used in manufacturing crystal oscillators.

SWOT Analysis
Strength: Crystal oscillators provide extremely precise and stable frequency generation. They offer reliability and wide operating temperature range.
Weakness: Quartz crystals used in oscillators are bulky and take up board space. Crystal oscillators also have lower switching speed compared to newer timing solutions.
Opportunity: Growth of industries like telecom, automotive, industrial and consumer electronics is driving demand for precise timing components. Miniaturization of devices also increases scope of integrating compact crystal oscillators.
Threats: Alternatives like MEMS oscillators, film bulk acoustic resonator (FBAR) and surface acoustic wave (SAW) offer size and performance benefits over crystal oscillators. Price wars among manufacturers also squeeze profit margins.

Geographical regions: North America and Asia Pacific
North America currently dominates the crystal oscillator market in terms of value due to large presence of consumer electronics companies and growing demand for precise timing solutions from industries like telecom and automotive. Asia Pacific is also a major manufacturing hub for electronic devices and is the fastest growing region globally. China, Taiwan, South Korea and Japan are key Asia Pacific countries contributing significantly to the regional market growth.

Fastest growing region: Asia Pacific
The Asia Pacific crystal oscillator market is expected to witness highest growth during the forecast period. This is attributed to rising electronic manufacturing in China, Taiwan, India and Southeast Asian countries. Expanding middle class population and increasing disposable incomes are driving sales of consumer electronics. Ongoing infrastructural developments and 5G network rollouts also present vast opportunities for deployment of crystal oscillators across telecom and industrial sectors in Asia Pacific.

For more insights, Read- https://www.trendingwebwire.com/crystal-oscillator-market-growth-market-size-share-analysis/