According to the market research report “Next Generation Crystal Oscillators Market: By End Use Verticals (Industrial, Automotive, Others), By Product Type (Temperature, Voltage, Frequency Controlled, Others), By Application (RADAR, Avionics, Others), By Geography Forecast – (2015-2020)”, published by IndustryARC, the global next generation crystal oscillators market to reach $2.41 billion by 2020.
Crystal Oscillators are electronic devices which use the vibration of piezoelectric material to create an electric signal of particular frequency. Crystal Oscillators are used to track time, provide stable signal or to maintain frequency of a device. It is categorized as harmonic oscillator circuit which utilized piezoelectric crystal to generate the desired frequency for controlling plethora of electronic devices. The global market has been segmented based on various type as XO, TCXO, VCXO, FCXO, OCXO, MCXO and EMXO.
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Crystal oscillators are mainly used in sensors, radars, navigation instruments in airplanes and ships, space and satellite applications, high reliability applications, location tracking, precision guided munitions, avionics, communication equipment, IFF (Identification Friend of Foe), electronic warfare equipment, and so on. Development of sophisticated missiles and weapons also drives the growth of crystal oscillators for military and aerospace applications. With rising demand in different platforms, the market is estimated to grow at a CAGR of 6.25% with total revenue of $2.41 billion by 2020.
Crystal Oscillators are utilized in numerous applications and have witnessed growing adopting in recent years. Major growth in this market is estimated from telecommunications and healthcare industries due to increase in demand for medical monitoring devices. Shift from 3G to 4G technology is also estimated to drive the market. Among various types the TCXO type are estimated to have the largest share and are projected to grow further. Military and aerospace has been one of the oldest applications of crystal oscillators but accounted for less than 10% of the total market in 2014.
The APAC region was estimated to be the largest market globally. Europe is estimated to be the fastest market mainly due to increasing sales of tablets and smartphones which drive the market in consumer electronics segment.
The Market is analyzed by the following End User Verticals:
- Consumer Electronics
- Military, Aerospace & Defense
Following Key Players were also covered as part of the market landscape analysis:
- Aker Technology,
- Conner Winfield,
- Harmony Electronics Corp,
- TXC Corp,
- Fox Electronics and others.
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