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Wearable Technology is fastest growing segment fueling the growth of Crystal Oscillator Market

Wearable Technology is fastest growing segment fueling the growth of Crystal Oscillator Market

Market Overview:

Crystal oscillators are frequency control devices which utilize the mechanical resonance of a vibrating crystal to develop an electrical signal of precise frequency. They are small components used across various industries such as consumer electronics, automotive, IT & telecom, military & aerospace, and industrial equipment for frequency and timing generation.

The Crystal Oscillator market is estimated to be valued at US$ 2252.43 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the crystal oscillator market is the growth of wearable technology. The adoption of devices such as smartwatches, fitness trackers, and VR headsets has increased dramatically over the past few years. As wearable devices become more advanced, the need for compact yet powerfuloscillators is simultaneously rising. Crystal oscillators suitable for wearables must be small, consume low power, and provide stable frequency generation without much interference from body motion or ambient conditions. Leading oscillator manufacturers are developing innovative solutions to match the escalating requirements of the wearable industry.

Segment Analysis

The global crystal oscillator market is segmented on the basis of general type, mount type and application. Based on general type, the market is segmented into surface mounted device (SMD) and through-hole device (THD). The SMD segment dominates the market and is expected to witness highest growth during the forecast period. SMD oscillators offer advantages such as reduced size, self-installation, minimal vibration sensitivity and compatibility with high-volume surface mount assembly lines.

Key Takeaways

The Global Crystal Oscillator Market Size is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period, due to increasing demand for consumer electronics such as smartphones, laptops, tablets and wearable devices.

Regional analysis

Regionally, Asia Pacific dominates the global crystal oscillator market and is expected to continue its dominance during the forecast period. Countries such as China, India, Japan and South Korea are major contributors to the growth of the crystal oscillator market in Asia Pacific. The region's dominance can be attributed to the presence of consumer electronics manufacturing hubs and increasing disposable income in developing countries.

Key players

Key players operating in the crystal oscillator market are Murata Manufacturing Co. Ltd, Vectron International Inc., Siward Crystal Technology Co. Ltd, Kyocera Corporation, Nihon Dempa Kogyo (NDK) Co. Ltd, Seiko Epson Corp., Daishinku Corp., Hosonic Electronic Co. Ltd, TXC Corporation, Rakon Ltd and SiTime Corporation. Murata Manufacturing Co. Ltd is one of the leading players in the market, offering a wide range of crystal oscillators for various applications such as telecommunication equipment, industrial equipment, automotive electronics, consumer electronics, measurement devices and military applications.

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