Next Generation Crystal Oscillators Market - Forecast(2021 - 2026)

 Next Generation Crystal Oscillators Market Overview:


The penetration of smartphones in the world is a well-known phenomenon, and their production is catapulting at a rapid rate. According to the Global Systems for Mobile Communications Association (GSMA), there were 4.6 billion mobile subscribers, and by 2020, around 5.7 billion people will have a mobile phone[1].  This happens to be a major factor stroking the next generation crystal oscillators market which had a market size of 2 billion to 2.5 billion in the year 2018 according to IndustryARC’s market analyst. Moreover, based on the well-marshaled facts and market statistics, the analyst estimates that the next generation crystal oscillators market will grow at a considerable CAGR of more than 6% during the forecast period of 2019 to 2025. 


China and other Asian countries such as Taiwan, India, and Indonesia have been dominant in the consumer electronics sector with incremented production each year. Now, consumer electronics utilize the next generation crystal oscillators for function. Additionally, APAC leading the race in other commercial electronics products makes the region triumph the next generation crystal oscillators with a significant 30% to 33% market share. 


Next Generation Crystal Oscillators Market Outlook:

The next generation crystal oscillators are electronic oscillators that are imbibed with crystals of piezoelectric material such as quartz crystal which are bestowed with mechanical resonance and used in signal generators. These are typically used in wristwatches, clocks, radios, computers, and cellphones. The next generation crystal oscillators are used in microcontrollers, disk drives, sensors, clocks, radio systems, video games, instrumentation, measuring instruments, computers, cellular phones, timers, radios, engine controlling, measuring instruments, medical devices, global positioning systems (GPS), cable television systems, and some others. Predominantly, they are used in consumer electronics products in which their application will grow at a CAGR of a progressive 8% to 9% according to the electronics market analyst. 



Next Generation Crystal Oscillators Market Growth Drivers:

  • The Prevalent Application of GPS in the Automotive Sector & Smartphones –
In the contemporary world, each of the consumer electronics products such as smartphones and tablets along with cars, and commercial vehicles are incorporated with GPS. Now, GPS requires crystal oscillators which happens to be one of the driving factors for the next generation crystal oscillators’ market growth. 


  • The Application of Crystal Oscillators in the Test and Measurement Industry –
The growth has perpetuated in the test and measurement market which already had a market size of $25 billion in 2018 is forecasted to grow at a CAGR of 4% through to 2025. Now, these instruments utilize crystal oscillators for operation. “The sustainable demand for test and measurement instruments in various sectors such as industrial, healthcare, education, aerospace, and others will propel the sales of the next generation crystal oscillators”; marks the market analyst in the market research report.

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