Global RF and Microwave Crystal Oscillators Market Highlights over 2022 – 2031
The global RF and microwave crystal oscillators market is estimated to grow at a robust CAGR of over the forecast period, i.e., 2022 – 2031. Crystal oscillator is an electronic oscillator that uses of crystal as a frequency selective element. It can produce signals in the range of approximately 100 kHz to 100 GHz. The growth of the market can be attributed to the increasing application of crystal oscillators in digital integrated circuits to provide constant clock signals, computers, and marine equipment. Further, RF and microwave crystal oscillators are also use for telecommunication, digital systems, phase-lock loop systems, modems, GPS systems, and sensors. The crystal oscillators consist of a piezoelectric crystal, which is usually quartz with both sides plated with electrodes. When voltage is directed between the electrodes, mechanical force acts on the charges present within the crystal, which forms an electromechanical system. The growing demand for RF and microwave crystal oscillators in the telecommunication industry is estimated to boost the market growth. In fact, approximately USD 1.3 trillion were invested in the telecom industry, as of 2021. Moreover, another major application of crystal oscillator are watches and clocks, and the growing sales of watches, especially luxury watch, is estimated to promote the market growth. For instance, the revenue generated by watches in the consumer goods industry is estimated to reach over USD 73,000 million in 2022. Apart from this, luxury watch industry valued at around USD 6.8 billion, by the end of 2021. Such factors are estimated to boost the market growth.
The market is segmented by end-user into aerospace, healthcare, industrial, automotive, IT & telecommunication, transportation, aerospace, and others, out of which, the IT & telecommunication segment is anticipated to hold a major share in the global RF and microwave crystal oscillators market over the forecast period on account of increasing use of these oscillators in the telecommunication sector. RF and microwave crystal oscillators are used primarily for satellite communication systems, along with wireless communication applications. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global RF and Microwave Crystal Oscillators Market Regional Synopsis
On the basis of geographical analysis, the global RF and microwave crystal oscillators market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of rapid growth in the telecommunication sector in the developing countries. For instance, according to the data by the India Brand Equity Foundation (IBEF), the gross revenue of the telecommunication sector in India amounted to USD 8.74 billion in the first quarter of FY22. Along with this, the number of internet subscribers in the country doubled by 2021, to 829 million subscribers.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing internet users, increasing adoption of wireless communication, and higher adoption of technology in the region. Moreover, constant technological advancements in the region, are expected to surge the demand for RF and microwave crystal oscillators over the forecast period.
The global RF and microwave crystal oscillators market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Our in-depth analysis of the global RF and microwave crystal oscillators market includes the following segments:
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
The growing application of RF and microwave crystal oscillators in telecommunication, is estimated to boost the market growth.
The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2022 – 2031.
The major players in the market are Silicon Laboratories, Inc., MtronPTI, Inc., Fox Electronics Inc., Renesas Electronics Corporation, Ecliptek LLC, Dynamic Engineers Inc., CTS Corporation, and Crescent Frequency Products Inc.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, end-user, and by region.
The telecommunication segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
High cost of crystals used in crystal oscillators is estimated to hamper the market growth.
The Asia Pacific region is anticipated to provide more business opportunities over the forecast period owing to the growing advancement in the telecom sector.
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