- Rising development of 5G networks is among the factors driving the growth of the crystal oscillator market
- The consumer electronics application accounted for the largest share of the crystal oscillator market in 2019 and is projected to grow at the highest CAGR during the forecast period
The crystal oscillator market will be worth 3.1 billion by 2025 from an estimated $ 2.8 billion in 2020, at a CAGR of 2.1 per cent from 2020 to 2025 as per a report by MarketsandMarkets. Rising development of 5G networks is among the factors driving the growth of the crystal oscillator market.
The report added that the surface mount segment held a larger share of the crystal oscillator market in 2019. The growth of this segment can be attributed to the miniaturisation of components, high analog and digital signal transmission speed, high-frequency effects, and improved yield and production efficiency. Surface-mount crystal oscillators incur low material and production costs, and involve a simple production process. Hence, such crystal oscillators are increasingly being used in consumer electronics, and telecom & networking applications
AT cut segment held the largest share of the crystal oscillator market in 2019
By crystal cut, the AT cut segment held the largest share of the crystal oscillator market in 2019. In 2019, the AT cut segment held the largest share of the crystal oscillator market. The growth is due to more number of activity dips, higher drive level sensitivity, and insensitivity to electric fields. Also, it has a simpler manufacturing process and incurs lower manufacturing costs. Hence, it is preferred for general applications.
The report added, “By application, consumer electronics application accounted for the largest share of the crystal oscillator market in 2019 and is projected to grow at the highest CAGR during the forecast period.”
The consumer electronics application accounted for the largest share of the crystal oscillator market in 2019 and is projected to grow at the highest CAGR during the forecast period.
The growth of this segment can be attributed to the increased demand for various electronic devices, such as smartphones and tablets, across the world. Especially, due to COVID-19, a work-from-home culture has developed, leading to more dependence on advanced consumer electronic devices.
