Crystal Oscillator Market is driven by Increasing Adoption of IoT Devices



Crystal Oscillator Market

The crystal oscillator market provides precise timekeeping solutions using tiny piezoelectric crystals that oscillate at a very stable and accurate frequency when a voltage is applied across them. Crystal oscillators find applications in various electronic devices ranging from computers and telecommunications equipment to industrial machinery and household appliances due to their ability to keep time precisely. They enable synchronization across networks and help electronic systems operate coherently. Some key advantages include high stability, accuracy, linear frequency-temperature characteristics, and low manufacturing cost. The growing adoption of IoT devices and the need for highly precise timing components in communication networks, computing systems and various other electronic products are contributing to increased demand for crystal oscillators globally.


The global crystal oscillator market is estimated to be valued at US$ 2594.8 million in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2030. Key players operating in the crystal oscillator market include 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.

Key Takeaways
Key players: Key players in the Global Crystal Oscillator Market Demand include NDK, Epson, Vectron, Microchip, SiTime, Abracon, Digi-Key, KDS, TXC, and Kyocera Crystal Device.

Growing demand: The growing need for higher processing power and bandwidth across various industries is driving the adoption of advanced communication technologies like 5G which in turn is fueling demand for precise timing solutions like crystal oscillators.

Global expansion: Leading crystal oscillator manufacturers are expanding their global footprint by strengthening manufacturing and distribution networks across major markets to cater to the growing demand. For instance, in 2021, NDK announced plans to set up a new crystal oscillator manufacturing facility in India.

Market key trends: Miniaturization is a key trend being witnessed in the crystal oscillator market. Device manufacturers are focused on developing smaller and more integrated crystal oscillator solutions to enable the design of more compact electronic products especially wearables and portable devices. NDK recently launched industry-smallest 5.0x3.2mm crystal oscillator to address needs of space-constrained applications.

Porter's Analysis
Threat of new entrants: New companies entering this market require huge capital investment in owning patent protected technology and developing distribution network.
Bargaining power of buyers: Buyers have lower bargaining power in this market as products offered by different manufacturers are close substitutes and switching costs are low.
Bargaining power of suppliers: Component suppliers have moderate bargaining power as raw materials require specialized processing techniques and alternate supply sources are limited.
Threat of new substitutes: Potential substitutes like MEMS oscillators, OCXOs and TCXOs pose limited threat as crystal oscillators dominate timing applications requiring high stability and accuracy.
Competitive rivalry: Market dominated by few large players intensifying competition on pricing and investment in R&D to constantly improve product performance.

Geographical Regions
In terms of value, North America has been the largest market for crystal oscillator owing to presence of many electronics manufacturing companies and widespread adoption of technologically advanced products in this region.
Asia Pacific region is poised to witness fastest growth during forecast period led by expansions in telecommunication industry and upgradation of network infrastructure in major countries like China and India. Lower manufacturing costs are attracting investors to establish production facilities in Asia further propelling regional demand.

For more insights, Read- https://www.rapidwebwire.com/crystal-oscillator-market-growth-demand-and-overview/

Comments

Post a Comment

Popular posts from this blog

The Notchback Market is Estimated To Witness High Growth Owing To Rising Demand From Emerging Economies

Image
  Notchback Market Market Overview: A notchback is a body style of cars characterized by a gently sloped rear window and greenhouse. Notchbacks provide practical interior space with good cargo capacity. They offer balanced interior volume for passengers and cargo along with sleek and stylish exterior design. The body style has advantages like no C-pillar which enhances visibility compared to sedans. Market key trends: The growth of the notchback market is attributed to rising demand from emerging economies like China, India and Brazil. These nations have growing middle-class population and increasing disposable income which is driving vehicle ownership. Moreover, notchback body style is quite popular in these developing markets due to its spacious cabin combined with stylish looks at affordable prices. Leading automakers are launching various notchback models to cater to the surging demand from developing countries, which is fueling the growth of the notchback market size during ...
Read more

The increasing demand for adhesives and sealants is anticipated to open up the new avenue for Petroleum Resins Market

Image
Petroleum Resins Market  Market Overview: Petroleum resins are amorphous thermoplastic polymers made from petroleum-based feedstock materials, through either thermal or catalytic polymerization. They are mainly used for applications such as adhesives, inks, paints, rubber compounding, and others. Different types of petroleum resins include C5 resins, C9 resins, hydrogenated hydrocarbons (HHCs), and modified and specialized petroleum resins. Among applications, adhesives and sealants hold the largest share in the petroleum resins market owing to increasing use of petroleum resins in hot melt and pressure sensitive adhesives. Market Dynamics: The increasing demand for adhesives from packaging and construction industries is a major driver for the petroleum resins market. According to statsista, the global adhesive market was valued at over US$ 53.3 billion in 2020 and is projected to reach around US$ 78 billion by 2027, growing at a CAGR of over 5.7% during the forecast period. Pe...
Read more

Global Synthetic Biology Market Analysis: Size and Share

Image
Synthetic Biology Market  Synthetic biology encompasses the design, construction, and redesigning of biological parts, devices, and systems, either non-existent in nature or reengineered from existing biological systems. The market is experiencing significant growth, driven by the increasing demand for personalized medicine and healthcare. Applications of synthetic biology span pharmaceuticals, chemical production, agriculture, environmental protection, and renewable energy. Advancements in synthetic biology contribute to the rapid manufacturing of biotherapeutics, fostering the development of personalized medicine and more cost-effective healthcare solutions. The Synthetic Biology Market is projected to be valued at US$ 31,693.59 million in 2023, with an expected CAGR of 28% during the forecast period from 2023 to 2030, according to a newly published report by Coherent Market Insights. Key Market Trends: A prominent trend in the Global Synthetic Biology Market is the escalat...
Read more