Next Generation Crystal Oscillators Market Seen Soaring 6% Growth to Reach l USD Billion by 2030, Projects Univdatos Market Insights
- Vikas Kumar
- November 17, 2023
- NEWS, TELECOM & IT
- Next Generation Crystal Oscillators, Next Generation Crystal Oscillators Market, Next Generation Crystal Oscillators Market forecast, Next Generation Crystal Oscillators Market trends
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Key Highlights of the Report:
- Increasing demand for high-precision timing devices in various industries such as telecommunications, aerospace, and defense is driving the growth of the Next Generation Crystal Oscillators market.
- The market is expected to experience significant growth due to the increasing adoption of advanced technologies such as silicon-on-insulator (SOI) and bulk crystal oscillators.
- The trend towards miniaturization and low power consumption in electronic devices is also boosting the demand for Next Generation Crystal Oscillators.
- The growing popularity of hybrid and quartz crystal oscillators is also expected to contribute to the market’s growth, owing to their enhanced performance and reliability.
- The North America region is anticipated to hold a significant share of the Next Generation Crystal Oscillators market due to the presence of prominent manufacturers and the increasing demand for high-precision timing devices in countries such as U.S., Canada, and Mexico.
The Next Generation Crystal Oscillators Market was valued at 1.8 billion in 2022 and is expected to grow at a steady rate of around 6% in the forecasted period (2023-2030) owing to increasing demand for high-precision timing devices. Next Generation Crystal Oscillators (NGCOs) are high-performance clock sources used in various applications such as telecommunications, data centers, and aerospace. The market for NGCOs is expected to grow significantly in the coming years due to the increasing demand for high-speed and low-latency communication networks.
High-speed communication networks require precise timing and synchronization to ensure reliable and efficient data transfer. NGCOs provide this precision by offering high-frequency crystal oscillators with very low phase noise and jitter. This makes them ideal for use in applications such as telecommunications, data centers, and aerospace. The demand for high-speed and low-latency communication networks is driven by various factors, including the proliferation of mobile devices, the growth of cloud computing, and the increasing need for real-time data processing. As these networks become more widespread and complex, the need for high-performance clock sources like NGCOs will continue to grow. Furthermore, the rollout of 5G technology is also driving the demand for NGCOs. 5G networks require even higher speeds and lower latencies than previous generations, and NGCOs are critical components in ensuring the precise timing and synchronization needed for these networks.
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Some of the recent developments are:
- In October 2023, Intel launched its latest line of Next Generation Crystal Oscillators, which feature improved stability and accuracy compared to previous generations. These oscillators are designed for use in high-performance computing applications such as data centers and supercomputing.
- In October 2023, Texas Instruments introduced its new family of Next Generation Crystal Oscillators, which offer best-in-class phase noise performance and low power consumption. These oscillators are ideal for use in wireless communication systems, including 5G networks.
- In September 2022, Intel and IBM collaborated to develop a new crystal oscillator technology that offers improved performance and energy efficiency for data center applications.Intel and IBM collaborated to develop a new crystal oscillator technology that offers improved performance and energy efficiency for data center applications.
- In August 2022, Skyworks Solutions acquired an additional 4.9% stake in Qorvo, Inc., expanding its ownership in the company and strengthening its position in the high-frequency semiconductor market.
Conclusion
The growing need for high-speed and low-latency communication networks is driving the demand for advanced crystal oscillators that can provide precise timing and synchronization. As the world becomes increasingly connected, the reliability and accuracy of these oscillators becomes even more critical. With the launch of new technologies like 5G and the IoT, the Next Generation Crystal Oscillators market is poised for significant growth in the coming years. According, to the Universal Data Solutions analysis, “Next Generation Crystal Oscillators Market” report, the global market was valued at USD 1.8 Billion in 2022, growing at a CAGR of 6% during the forecast period from 2023 – 2030 to reach USD XX billion by 2030.
Key Offerings of the Report
Market Size, Trends, & Forecast by Revenue | 2023−2030.
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities.
Market Segmentation – A detailed analysis technology, grade, and application.
Competitive Landscape – Top Key Vendors and Other Prominent Vendors.
