One of the core components of electric devices, crystal oscillators uses the property of piezoelectricity, similar to quartz. They create electric signals for precise frequency, which is commonly used in order to keep track of time. These oscillators are manufactured in varied range of frequencies, based on the types of applications. Global crystal oscillator market is driven by rising demand for these products from different industrial verticals. Wide range of frequencies and development of different industrial verticals are some of the strongest contributing factors for the industry. as a result of all this, the market is estimated to make steady progress in terms of demand, global reach and technological advancements.
Segmentation in Crystal Oscillator Industry
For convenience, market researchers segment different industries based on the types of products, their applications and demand across different geographic regions. Crystal oscillator market is segmented on the basis of the types of general circuitry, technology, applications, mounting schemes and geography.
Following are the details:
- Technology: AT Cut, BT Cut and SC Cut oscillators
- Mounting Scheme: Thru-hole and surface mount
- Geography: Europe, North America, Japan, Asia Pacific and rest of the world
- Applications: Consumer electronics, aerospace and defense, industrial, research and measurement, medical equipment and automotive
- Circuitry: Frequency Controlled Crystal Oscillator (FCXO), Oven Controlled Crystal Oscillator (OCXO), Simple Packaged Crystal Oscillator (SPXO), Temperature Compensated Crystal Oscillator (TCXO) and Voltage Controlled Crystal Oscillator (VCXO)
Forecasting Reports and Business Opportunities
Growth in the application area is the sign of rising strength of different industries like telecommunication, information technology and consumer electronics. Increasing demand in these industries along with the conventional consumers like automotive, industrial, research and defense sectors are creating better business opportunities in the crystal oscillator market. according to the in-depth analysis of the market conditions, the industry is estimated to grow at a steady CAGR of over 8% from 2013 to 2018. Steady compound annual growth rate from 2013 to 2018 is anticipated to be a healthy sign for the market, which is spreading its wings across emerging markets like Asia Pacific and Japan, Latin America and rest of the world.
Based on the estimates, global crystal oscillator market is expected to become worth $2719.00 million in 2018, which is currently poised at $2033.67 million (in 2013). In terms of volume, researchers expect the global industry to ship 2297.16 million units of crystal oscillators of different frequencies by the end of 2018. In 2013, these figures were set at 1544.74 million units.