Market Analysis
The global crystal oscillators market size is likely to touch USD 4.21 billion at a 6.2% CAGR in the forecast period 2020- 2027, according to the latest Market Research Future (MRFR) analysis. Crystal oscillators are the key components of an electronic device. The crystals in the oscillator create waveforms that offer exact frequency that rests on the mechanical vibration of the precision machined crystal.
Various factors are fuelling the global crystal oscillators industry growth. As per the recent MRFR market estimates, such factors include the growing need for such oscillators from consumer electronics, growing adoption of infotainment systems in automobiles, deployment of 5G network, need for highly stable frequency oscillators in the telecommunication industry, increasing use in vehicles, and growing need for advanced equipment among the healthcare industry.
On the contrary, the invention of si-MEMS oscillators that are more compact, have greater efficiency, and require lesser power than crystal oscillators may limit the global crystal oscillators market growth over the forecast period.
Read more@ https://www.marketresearchfuture.com/reports/crystal-oscillators-market-10466
COVID-19 Analysis
Unfortunately like other industries, the crystal oscillator market too has fallen prey to the COVID-19 outbreak, causing a fall in the shipments of crystal oscillators and the revenue which is generated from them. Thus a dip has been seen in the market growth during the first quarter of 2020. In the second half however there was some form of normalization in the inventory level and a growing need for such oscillators for the stabilization in demand from consumer electronics, automotive, telecom and networking, medical applications, industrial, and research and measurement. The outbreak has also impacted the crystal oscillators production and the players that operate in the crystal oscillator value chain as manufacturing facilities across the globe have been shut on a temporary basis to stop the spread of the deadly virus. Lockdowns across the globe has also impacted the production along with the per capita income across the globe and GDP of countries. The consequent fall in the buying power of the masses has resulted to a fall in the market growth.
