Research Nester’s recent market research analysis on “Crystal Oscillator Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global crystal oscillator market in terms of market segmentation by mounting scheme, application, and by region.
Rising Demand for Consumer Electronics & Use in Medical Devices to Promote Global Market Share of Crystal Oscillator
The proliferation of smartphones, tablets, smartwatches, and other consumer electronic devices has significantly increased the demand for crystal oscillators, with a total revenue of USD 1.1 trillion as of 2023[DD1] . These devices require precise timing for various functions, such as data transmission, processing, and power management.
Healthcare equipment, including diagnostic devices, patient monitoring systems, and medical imaging equipment, relies on crystal oscillators for accurate timing and synchronization
Some of the major growth factors and challenges that are associated with the growth of the global crystal oscillators market are:
· Increasing Penetration of Automation & IoT.
· Application in Defense & Aerospace.
Managing cost pressure, temperature sensitivity, and customization requirements are some of the major factors anticipated to hamper the global market size of crystal oscillators.
Access our detailed report at: https://www.researchnester.com/reports/crystal-oscillator-market/5285
By crystal cut, the global market for crystal oscillators is divided into AT, BT, and SC. Amongst these AT is anticipated to garner significant market share by 2036 owing to its compact size and wide temperature range. Generally used between frequencies 0.5 to 300MHz.
By region, the Asia Pacific crystal oscillators market is expected to dominate the market over the forecast period, i.e. (2024-2036). The rapid deployment of 5G networks in countries like China with 2,31 million base stations[DD2] in 2022 and South Korea having 28.6 million subscribers as of 2022 [DD3] fuelling the demand for crystal oscillators for network synchronization.
Also, North America is estimated to have a significant market share by 2036. The automotive sector in North America incorporates crystal oscillators in navigation systems, infotainment, and advanced driver-assistance systems (ADAS) estimated to reach a sales of USD 9.2 billion by the end of 2023, accounting for 17% of global ADAS sales.[DD4] Crystal oscillators are crucial in the automation, robotics, and process control industries within the region's industrial automation sector.
This report also provides the existing competitive scenario of some of the key players of the global crystal oscillator market which includes company profiling of and others