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.

 

Get more insights on this topic:

https://www.dailyprbulletin.com/crystal-oscillator-market-size-forecast/

Comments

Post a Comment

Popular posts from this blog

Vegan Yogurt Market is Poised for Growth Driven by Rising Health Consciousness

Image
Vegan yogurt is a dairy-free alternative to conventional yogurt made from plant-based milk such as soy, almond, oat, coconut or rice. It provides similar texture and taste to dairy yogurt but without any animal products.Vegan yogurt offers several health advantages over dairy yogurt as it is devoid of lactose, cholesterol and saturated fats. The growing number of people adopting vegan and flexitarian diets has driven the demand for plant-based dairy alternatives like vegan yogurt. The global vegan yogurt market is estimated to be valued at US$ 4.15 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031. Key Takeaways Key players- Met Fods, Cocos Organic, Hain Celestial, EasiYo Product Limited, Danone, General Mills Inc., Stonyfield Far, Inc., Daiya Foods Inc.m Good Karma foods, Inc.m Hudson River Foodsm NANCY'S, Kite Hill, COYO Pty lTd., Nush Foods, Chobani, LLC, Barambah Oraganics Pty Ltd., Blue Diamond Growers, Dean Foodsm General Mills Inc
Read more

Hypoglycemic Drugs Market is Estimated to Witness High Growth Owing to Increasing Prevalence of Diabetes in the Geriatric Population

Image
Hypoglycemic drugs or anti-diabetic drugs are medications used to treat diabetes mellitus by lowering blood glucose levels. Some key hypoglycemic drugs include insulin, sulfonylureas, metformin, thiazolidinediones, DPP-4 inhibitors, SGLT2 inhibitors and GLP-1 receptor agonists. These drugs help control blood sugar levels in diabetics and prevent or delay diabetes-related health complications. The global hypoglycemic drugs market is estimated to be valued at US$ 720.72 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The growth of the global hypoglycemic drugs market is majorly driven by the increasing prevalence of diabetes in the geriatric population globally. As per estimates, around 1 in every 11 people aged 65 years and above have diabetes. Further, the number of people with diabetes in this age group is anticipated to grow from 25.9 million in 2017 to
Read more

Clinical Trials Rising with Digital Technologies Adoption

Image
 Clinical trials support services play a vital role in assisting sponsors and life science companies to conduct clinical trials in a precise and well-organized manner.These services assist pharmaceutical companies in patient recruitment, data management, site management, and overall clinical trial management. With rising complexities in clinical trials owing to integration of technologies like telehealth and remote patient monitoring, the demand for these support services is growing substantially. The global Clinical Trials Support Services Market is estimated to be valued at US$ 22.38 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing adoption of digital technologies across clinical trials is a key trend accelerating the growth of the clinical trials support services market. Digital tools like electronic data capture, clinical trial managemen
Read more