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WILMINGTON, Del. , Aug. 1, 2022 /PRNewswire/ -- Variety of forms of products in the quartz crystal market particularly find use as resonators for filters and oscillators, particularly in electronic designs where high performance is 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
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Quartz Crystal Market : Key Drivers
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Quartz Crystal Market : Regional Growth Dynamics
Quartz Crystal Market : Key Players
The competition landscape is mainly characterized by the presence of relatively few large-scale vendors controlling a majority stake in the quartz crystal market. Some of the key players in the market are TXC Corporation, SiTime Corporation, Seiko Epson Corporation, Nihon Dempa Kogyo Co., Ltd., Microchip Technology Inc., Micro Crystal AG, KYOCERA Crystal Device Corporation, DK Photonics, Diodes Incorporated, ACTE A/S, and Abracon.
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