The APAC region accounted for the largest size of the crystal oscillator market
The report "Crystal Oscillator Market with COVID-19 Impact Analysis by General Circuity (SPXO, TCXO, VCXO), Crystal Cut (AT Cut, BT Cut, SC Cut), Mounting Scheme (Surface Mount, Through-Hole) Application (Consumer Electronics), Geography - Global Forecast to 2025", size is estimated to be USD 2.8 billion in 2020 and projected to reach USD 3.1 billion by 2025, at a CAGR of 2.1%. The growing demand for crystal oscillators in consumer electronics is attributed to the technological advancements and increasing disposable income of consumers. These factors drive the growth of the crystal oscillator market.
Browse 238 market data Tables and 65 Figures spread through 235 Pages and in-depth TOC on "Crystal Oscillator Market with COVID-19 Impact Analysis by General Circuity (SPXO, TCXO, VCXO), Crystal Cut (AT Cut, BT Cut, SC Cut), Mounting Scheme (Surface Mount, Through-Hole) Application (Consumer Electronics), Geography - Global Forecast to 2025"
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By crystal cut, the other cut segment expected to grow with the highest CAGR during forecast period.
The other cut segment is projected to grow at a CAGR of 5.2% from 2020 to 2025. The use of new crystal cuts, such as IT cut, FC cut, AK cut, CT cut, and DT cut, is a new market trend. These cuts offer higher tolerance to crystallographic orientation, a better frequency-temperature curve, and advanced features, and are used in precise applications.
By application, telecom & networking application is expected to register the second-highest CAGR during the forecast period.
The telecom & networking application is expected to register the second-highest CAGR during the forecast period. The growing deployment of 5G networks attributes to the growth of this segment as the demand for precise crystal oscillators is likely to hike up, which will also raise the demand for OCXO type crystal oscillators to accommodate advanced technologies.
By region, APAC accounted for the largest size of the crystal oscillator in 2019
The APAC region accounted for the largest size of the crystal oscillator in 2019. This growth is attributed to the increased demand for various consumer electronic devices. The market is expected to witness growth in the coming years owing to the adoption of different industrial solutions in the regional automotive industry, as well as the required government support in this regard.
Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co., Ltd. (Japan), TXC Corporation (Taiwan), KYOCERA Crystal Device Corporation (Japan), Daishinku Corp. (Japan), Microchip Technology Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Hosonic Electronic Co., Ltd. (Taiwan), SiTime Corporation (US), and Siward Crystal Technology Co., Ltd. (Taiwan), are some of the key players in the crystal oscillator market.
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