RF and Microwave Crystal Oscillators Market Analysis by Application {LED Lighting, Radar, Hydrophones, Advanced Driver Assistance System (ADAS), Missile Control Communications, Ultrasonic Imaging, and Others}; and by End-User (Aerospace, Healthcare, Industrial, Automotive, IT & Telecommunication, Transportation, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 4010 | Published Date: Apr 27, 2023
The global RF and microwave crystal oscillators market size is estimated to reach ~USD 2 Billion by the end of 2035 by growing at a CAGR of ~4% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of RF and microwave crystal oscillators was ~USD 1 Billion. The growth of the market can be attributed to the rising applications in marine, digital systems, telecommunication, modems, and phase lock loop systems. The increasing applications of frequency determiners in many sectors are estimated to propel market growth. More than 35% of the population across the world uses the internet as of 2022 with 5 billion active internet users. As per the reports, ~90% of the people in America use the internet on daily basis as of 2023
Additionally, the rising use of wristwatches, wall clocks, and other clocks that show time is estimated to hike the market growth in the coming years. The frequency of the radio is needed to be stabilized to transmit or receive the perfect wave and is estimated to drive market growth across the world. The worldwide global clocks, and watches sales and purchases in the year 2022 were estimated to be USD 90 billion and were projected to reach over USD 100 billion by the end of 2023. The use of wall clocks in the main cities, centers of towns, organizations, airports, bustards, and in every area to display time to the public is very popular for ages which are estimated to drive market growth.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~4% |
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Base Year Market Size (2022) |
~ USD 1 Billion |
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Forecast Year Market Size (2035) |
~ USD 2 Billion |
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Regional Scope |
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Growth Drivers
The increasing adoption of telecommunication technology with growing digitalization all over the world and the rising use of wireless devices such as smartphones, mobiles, cashless transaction devices, and smartwatches is estimated to propel the market growth. The number of wireless mobile devices used across the world as of 2021 was more than 14 billion and was projected to reach 18 billion by the end of 2025.
Challenges
Global RF and Microwave Crystal Oscillators Market Segmentation
The global RF and microwave crystal oscillators market is segmented and analyzed for demand and supply by end-user into aerospace, healthcare, industrial, automotive, IT & telecommunication, transportation, and others. Out of these types, the automotive segment is estimated to gain the largest market share of about ~21% in the year 2035. The growth of the segment can be attributed to the increasing production of automobiles across the world. The rising popularity of electric vehicles with the growing concern of the government on the environment is estimated to propel the market segment growth. The growing government subsidies and incentives are estimated to increase the purchasing of automobiles thereby anticipated to fuel the market segment growth in the coming years. The digital AI technology installation in vehicles to track the route and traffic through GPS technology is estimated to increase the market segment growth. The autonomous driving system in vehicles to reduce road accidents and control traffic jams is propelling the growth of the market segment. As per the estimations, the sale value of driverless or autonomous vehicles in 2021 was estimated to be over USD 20 billion across the world.
The market is segmented and analyzed for demand and supply by end-user into aerospace, healthcare, industrial, automotive, IT & telecommunication, transportation, and others. Amongst these segments, the IT and telecommunication segment is expected to garner a significant share of around ~19% in the year 2035. The increasing number of IT industries and growing percentage of people working in technological sectors is estimated to propel the market segment growth. The growing use of digital pricing systems and cashless transactions is driving the market segment growth as per the estimations. The advanced digital technology adoption in many sectors such as billing, telephone lines, wireless signals, and computers is propelling the growth of the market segment in the coming years. The increasing use of the internet among people for all purposes is estimated to hike the market segment growth.
Our in-depth analysis of the global RF and microwave crystal oscillators market includes the following segments:
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By Application |
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By End User |
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The market share of RF and microwave crystal oscillators in North America, amongst the market in all the other regions, is projected to be the largest with a share of about ~35% by the end of 2035. The growth of the market can be attributed majorly to the growing number of 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 increasing sales of smartwatches and digital watches with growing demand for smart electronic devices in the region are driving the regional market growth. The increasing applications of RF and microwave crystal oscillators in the aerospace sector are also driving the market growth as the aviation sector is very huge in the region. The adoption of digital technology in all the sectors in the region with growing advancements in the region owing to rising living standards and economic development of government is estimated to have a huge positive impact on the growth of the market. The number of internet users by the end of 2023 as per the estimations was 450 million in North America.
The Asia Pacific RF and microwave crystal oscillators market is estimated to be the second largest, registering a share of about ~24% by the end of 2035. The growth of the market can be attributed majorly to the rapid growth in the telecommunication sector in developing countries. For instance, according to the data from 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 FY 2022. Along with this, the number of internet subscribers in the country doubled by 2021, to 829 million subscribers. The rising satellite communication with the increasing aerospace and marine sector in the region is propelling market growth. The growing internet penetration in the region as well as e-commerce purchases are estimated to hike the market growth. Growing sales of smart kitchen appliances such as microwaves, air fryers, refrigerators, and other kitchen gadgets with a growing consciousness of health among people in the region is propelling the market growth. The rising healthcare spending and increasing medical devices in homes and clinics, hospitals, and pharmacies are driving the market growth. The digitalization of medical equipment made them user-friendly with no professional support and reduced many diagnostic and traveling costs for patients.
Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the rising use of rf oscillators in the antennas for television, cars, and radio stations is estimated to propel the market growth. The increasing consumption of semiconductors across the region is also estimated to drive market growth. Increasing adoption of computer devices, video cameras, cellular phones, and video games by people in the region with growing digitalization is estimated to propel the market growth. Further, the growth of the market is attributed to the increasing transportation sector in the region with growing tourism and increasing employees. Also, the use of vacuum cleaners, cordless devices, coffee machines, air purifiers, and smart IoT devices is propelling market growth in the region. Rising competition and increasing new devices are driving market growth in the coming years.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
Ans: The growing application of RF and microwave crystal oscillators in telecommunication and the increasing number of wristwatches are the major factors driving the market growth.
Ans: The market size of RF and microwave crystal oscillators is anticipated to attain a CAGR of ~% over the forecast period, i.e., 2023 – 2035.
Ans: High cost of crystals used in crystal oscillators and the limited turning range of crystal oscillators are estimated to be the growth-hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are ABB Ltd., Silicon Laboratories, Inc., MtronPTI, Inc., Fox Electronics Inc., KVG Quartz Crystal Technology GmbH, Renesas Electronics Corporation, Ecliptek LLC, Dynamic Engineers Inc., CTS Corporation, and Crescent Frequency Products Inc.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by application, end-user, and by region
Ans: The telecommunication segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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