The global next generation crystal oscillators market size was around $2.0 billion - $2.5 billion in 2018, and its value is estimated to grow with a CAGR of more than 6% during the forecast period 2019-2025. The information comes from a newly compiled business intelligence report from IndustryARC, titled:“[URL=https://industryarc.com/Report/31/global-crystal-oscillators-market-analysis.html]Next Generation Crystal Oscillators Market[/URL]: By type (SPXO, TCXO, VCXO, FCXO, OCXO, disciplined, multi-crystal, colpitts, Armstrong); By mounting Type (surface-mount, thru-hole); By technology (at cut, bt cut, sc cut); By applications (military & defense, research & management, industrial, automotive, consumer devices); By Geography - Forecast (2019-2025).” The analyst of the market research report states that next generation crystal oscillators are extensively used in a wide variety of applications such as military & defense, research & management, industrial, automotive, and in consumer devices. However, the plethora of miniature electronic devices and surging demand for 4G and 5G networks will continue creating profitable opportunities during the foreseeable future.
Next Generation Crystal Oscillators Market Segment Analysis:
Currently, consumer electronics is the leading application segment in the crystal oscillators market, with the demand projected to grow at a healthy CAGR of 8% - 9% from 2019 to 2025. Highly advanced electronic systems adapting micro-electro-mechanical systems (MEMS) oscillators to obtain greater timing performance and reliability.
Geographically, Asia-Pacific held the major share of demand of around 30% - 33% as of 2018, and the region is expected to retain its dominant position in the near future.
Request for a Quote @ [URL]https://industryarc.com/reports/request-quote?id=31[/URL]
Next Generation Crystal Oscillators Market Product Analysis:
A crystal oscillator is an electromechanical device that generates an electric signal by using a mechanical resonance of a vibrating quartz crystal of piezoelectric material. It is mainly used in high-frequency applications as it maintains the frequency of the device and also keeps track of time in wristwatches. Due to their low cost and compact size, they are mostly utilized in a list of applications which include clocks, radios, computers, cellphones, microcontrollers, space tracking systems, modems, microprocessors, disk drives, sensors, video games, digital systems, measuring instruments, timers, engine controlling, phase locked loop systems, medical devices, global positioning systems (GPS), cable television systems, oscilloscopes and signal generators. These next-generation crystal oscillators play a crucial role in improving the performance of automotive electronics and smartphones as well. Advanced Driver Assistance Systems (ADAS), Light Detection and Ranging (LiDAR), in-vehicle Ethernet and autonomous driving need accurate timing solutions, and tight frequency stability thus these factors altogether driving the growth of the market.
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.