The Crystal Oscillator Market Report Share is estimated to be USD 2.86 billion in 2021 and expected to reach USD 3.1 billion by 2025, at a CAGR of 2.1% from 2021 to 2025. Rising development of 5G networks and increasing adoption of advanced automotive electronics are among the factors driving the growth of the Crystal Oscillator Market.
Rising development of 5G networks
Consumer demands are shaping the development of mobile broadband services. The growth in the number of devices and services and the demand for enhanced affordability and user experience require innovative solutions. 5G is expected to connect people, things, data, applications, transport systems, and cities in smart networked communication environments. It could transport a huge amount of data much faster, reliably connect a huge number of devices, and process very high volumes of data with minimal delay. 5G technologies are expected to support applications such as smart homes and buildings, smart cities, 3D video, work and play in the cloud, remote medical services, virtual and augmented reality, and massive machine-to-machine communications for industrial automation.
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By General Circuitry, TCXO to capture largest share of Crystal Oscillator Market in 2019
In 2019, TCXO segment captured the largest share of the Crystal Oscillator Market. Its growth can be attributed to its temperature compensating circuitry, which is used to maintain frequency across varying temperatures. Due to this characteristic, TCXOs are widely used in different consumer electronics.
Surface Mount hold the larger share of the Crystal Oscillator Market in 2019
Surface mount led the Crystal Oscillator Market in 2019. The growth of this segment can be attributed to the miniaturization of components, high analog and digital signal transmission speed, high-frequency effects, and improved yield and production efficiency. Surface-mount crystal oscillators incur low material and production costs, and involve a simple production process. Hence, such crystal oscillators are increasingly being used in consumer electronics, and telecom & networking applications.
By Region, APAC accounted for the Largest Size of the Crystal Oscillator in 2019
The APAC region accounted for the largest size of the crystal oscillator in 2019. This growth is attributed to the increased demand for various consumer electronic devices. The market is expected to witness growth in the coming years owing to the adoption of different industrial solutions in the regional automotive industry, as well as the required government support in this regard.
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Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co., Ltd. (Japan), TXC Corporation (Taiwan), KYOCERA Crystal Device Corporation (Japan), Daishinku Corp. (Japan), Microchip Technology Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Hosonic Electronic Co., Ltd. (Taiwan), SiTime Corporation (US), and Siward Crystal Technology Co., Ltd. (Taiwan), are some of the Key Players in the Crystal Oscillator Market.
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