Electronics
Next Generation Crystal Oscillators Market Gaining Traction from Military and Aerospace Applications
Crystal oscillator (XO) is an electronic circuit that generates an electrical signal of precise frequency using mechanical resonance of a vibrating crystal of piezoelectric material. Mostly quartz crystal is used in oscillator electronic circuits and known to be as the crystal oscillator. Crystal oscillators are used as clocks to generate clock pulses having a cycle rate at 1 MHz to 3.33 MHz.
The oscillator industry is influenced by increasing demand in emerging markets and various applications of crystal oscillators. IndustryARC business intelligence report evaluated that the global next generation crystal oscillators market was valued between $2.0 billion to $2.5 billion in 2018, and estimates its value to grow at a CAGR of more than 6% during the forecast period 2019-2025. The report is titled: “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 (2019-2025).”
Global Next Generation Crystal Oscillators Market: Growth Drivers
On the basis of their different properties and types, XO serves different applications in the electronics industry. Colpitts XO is used in the development of mobiles and radio communications due to its greater temperature stability and high frequency. Whereas, Armstrong XO is used in military and aerospace for navigation, tracking system, and medical devices. XO is acquiring high demand from the healthcare sector too, as it is used in medical equipment involving diagnostic imaging, wireless telemetry/patient monitoring, ultrasound, MRI equipment, CT scanning, and PET (Positron Emission Tomography). The influx of government investments on the development of missiles and weapons is also turning to a growth driver of the next generation crystal oscillators market.
Next Generation Crystal Oscillators Market: Disruptive Trends
Crystal oscillators are indispensable for small devices due to its elasticity, low power consumption, and induced form factor. Smartwatch that can measure electrocardiogram signals and light patterns while allowing wearers to use hand gestures and GPS trackers smartwatch are gaining strong traction from athletes and other consumers. Crystal oscillators are versatile in their application owing to their accuracy, fast data transmission, and demand for safety. Because of this, they are widely used in safety applications, such as anti-blocking system; brake control, airbag and Tire Pressure Monitoring Systems (TPMS.)
Global Next Generation Crystal Oscillators Market: Demand Analysis
The influx of digital control in electrical equipment, such as television systems, video cameras, personal computers, toys and video games, cellular phones, radio systems is the main factor, consumer electronics is observed to be the key application and hold the largest market share among others, expanding with a CAGR of around 8% to 9% through to end period 2019-2025.
The growing economics have led to increasing disposable income of the population, along with increased used of smart devices/phones in the APAC, positioned as the leading next generation crystal oscillators marketplace with a global market share ranging between 30% - 33% as of 2018.
Conclusion
The crystal oscillator is an electronic circuit that produces electrical signals. Crystal oscillators are used in clocks and due to their properties such as temperature stability and elasticity, its applications expand to military and aerospace for navigation, tracking system, and medical devices.
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