The penetration of smartphones in the world is a well-known phenomenon, and their production is catapulting at a rapid rate. According to the Global Systems for Mobile Communications Association (GSMA), there were 4.6 billion mobile subscribers, and by 2020, around 5.7 billion people will have a mobile phone[1]. This happens to be a major factor stroking the next generation crystal oscillators market which had a market size of 2 billion to 2.5 billion in the year 2018 according to IndustryARC’s market analyst. Moreover, based on the well-marshaled facts and market statistics, the analyst estimates that the next generation crystal oscillators market will grow at a considerable CAGR of more than 6% during the forecast period of 2019 to 2025.
China and other Asian countries such as Taiwan, India, and Indonesia have been dominant in the consumer electronics sector with incremented production each year. Now, consumer electronics utilize the next generation crystal oscillators for function. Additionally, APAC leading the race in other commercial electronics products makes the region triumph the next generation crystal oscillators with a significant 30% to 33% market share.
Next Generation Crystal Oscillators Market Outlook:
The next generation crystal oscillators are electronic oscillators that are imbibed with crystals of piezoelectric material such as quartz crystal which are bestowed with mechanical resonance and used in signal generators. These are typically used in wristwatches, clocks, radios, computers, and cellphones. The next generation crystal oscillators are used in microcontrollers, disk drives, sensors, clocks, radio systems, video games, instrumentation, measuring instruments, computers, cellular phones, timers, radios, engine controlling, measuring instruments, medical devices, global positioning systems (GPS), cable television systems, and some others. Predominantly, they are used in consumer electronics products in which their application will grow at a CAGR of a progressive 8% to 9% according to the electronics market analyst.
Next Generation Crystal Oscillators Market Growth Drivers:
The Prevalent Application of GPS in the Automotive Sector & Smartphones –
In the contemporary world, each of the consumer electronics products such as smartphones and tablets along with cars, and commercial vehicles are incorporated with GPS. Now, GPS requires crystal oscillators which happens to be one of the driving factors for the next generation crystal oscillators’ market growth.
The Application of Crystal Oscillators in the Test and Measurement Industry –
The growth has perpetuated in the test and measurement market which already had a market size of $25 billion in 2018 is forecasted to grow at a CAGR of 4% through to 2025. Now, these instruments utilize crystal oscillators for operation. “The sustainable demand for test and measurement instruments in various sectors such as industrial, healthcare, education, aerospace, and others will propel the sales of the next generation crystal oscillators”; marks the market analyst in the market research report.
Crystal Oscillators: Apt for Military and Defense –
The next generation crystal oscillators act as accurate signal sources for military communications and instrumentation applications. Now, military and defense will never seize to exist. Furthermore, with advancing technology, the communication modes and the need for instrumentation in the military and defense sector is only going to increase which will largely support the next generation crystal oscillators market.
Next Generation Crystal Oscillators Market Challenges:
The overwhelming challenge dwarfing the prospects in the next generation crystal oscillators market is that it warrants a heavy investment. Additionally, the diversified market of consumer electronics has led to peculiar demands for crystal oscillators as per the requirement which needs intermittent customization. This becomes a challenge for the vendors in streamlining the operations. However, substantial investment in R&D and reinvention of modus operandi is helping manufacturers overcome the challenge.
Next Generation Crystal Oscillators Market Key Players Perspective:
One of the leading players in the market is Daishinku Corp. which generated a net profit of $66.9 million in 2017.
Other key players in the next generation crystal oscillators market are Kyocera, TXC, Epson, Vectron, Rakon, Nihon Dempa Kogyo, CTS, Murata, Ecliptek, Abracon, Axtal, Jauch, and Hosonic.
Next Generation Crystal Oscillators Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the next generation crystal oscillators market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of next generation crystal oscillators market, and their specific applications in military & defense, research & management, industrial, automotive, and consumer devices.
Next Generation Crystal Oscillators Market Report: Industry Coverage
The report analyses the product demands on the bases of type of product – SPXO, TCXO, VCXO, FCXO, OCXO, disciplined, multi-crystal, colpitts, and armstrong. Next generation crystal oscillators market can be further segmented on the basis of the type of mounting incorporated that mainly includes surface-mount and thru-hole) or on the basis of technology used which can be either AT Cut, BT Cut or SC Cut.
The next generation crystal oscillators market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
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