Quartz Crystal Market worth $8.83 Billion by 2031 | CAGR: 6.8%: TMR Study – QNT Press Release

  • Abundant utilization in consumer electronics to drive enormous revenue gains to players in quartz crystal market; massive demand for quartz crystal resonators in overall electronics industry presents lucrative avenue
  • Widespread use of oscillators and filters in electronic designs spurring growth prospects from IT and telecom industries; firms to tap into ample opportunities in Asia Pacific market

WILMINGTON, Del., Aug. 1, 2022 /PRNewswire/ — Variety of forms of products in the quartz crystal market find use as resonators for filters and oscillators, particularly in electronic designs where high performance is particularly required. A recent quartz crystal market analysis underscored the trend that firms are keenly capitalizing on the applications of quartz crystals in the telecom sector. The quartz crystal market size was pegged at US$ 4.69 Bn in 2021.

A comprehensive scrutiny of quartz crystal market trends indicate that firms have gained sizable revenues from use of products in wide range of RF circuit design applications. Massive demand for high-performance oscillators and filters in radio & communication systems, microprocessors and controllers in several industries has expanded the revenue potential. Of note, the use of products in end-use industries such as telecom, IT, automotive, and healthcare will generate massive lucrative opportunity during the forecast period.

The study on the quartz crystal market statistics found that crystal oscillators are widely utilized in digital integrated circuits. Stridently, this stemmed from massive utilization of crystal oscillators in timekeeping devices, test and measurement equipment, and electronic circuits.

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Key Findings of Quartz Crystal Market Study

  • Demand for Resonators in Electronic Designs Underpins Colossal Opportunities: Abundant use of quartz crystal resonators in the electronics industry has spurred the revenue prospects for manufacturers. They are extensively utilized in quartz crystal oscillators and crystal filters. The use is rising in electronic circuit designs, notably in numerous RF circuit design applications. Of note, crystal oscillators have emerged as a versatile resonator for wide range of electronic systems, whereby their massive utilization offer enormous revenue potential for firms in the quartz crystal market.
  • Utilization in High-Performance Electronic Components Propelling Revenue Growth: Rise in utilization of quartz crystals in wide spectrum of consumer and commercial electronics applications is generating massive revenue streams for firms. Sophisticated filters and oscillators are able to meet demanding requirements of stability and performance for many circuit designs, thereby generating vast profitable avenues. Their use in demanding RF circuit designs will open up lucrative avenues in quartz crystal market.

Full story available on Benzinga.com

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