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Oven-Controlled Crystal Oscillator (OCXO) Market worth $528 million by 2028 - Exclusive Report by MarketsandMarkets™
In 2022, the surface mount held the largest share of the oven-controlled crystal oscillator (ocxo) Industry. The growth of this segment can be attributed to the miniaturization of components, high analog and digital signal transmission speed, high-frequency effects, and improved yield and production efficiency. Surface-mount oscillators incur low material and production costs and involve a simple production process. Hence, such crystal oscillators are increasingly being used in consumer electronics and telecom & networking applications. In 2022, the EMXO segment held a larger share of the OCXO market. The growth of this segment can be attributed to the miniaturization of components, high analog and digital signal transmission speed, high-frequency effects, and improved yield and production efficiency. Hence, such OCXOs are increasingly being used in consumer electronics and telecom & networking applications.
Telecom and Networking segment accounted for the largest share of the OCXO market in 2028. Telecom & networking is a fast-growing sector due to the high dependence on the internet for the sustenance of modern-day activities. With the increasing deployment of 5G networks, the installation of multiple small cells to complement large cell towers and provide seamless coverage is growing. 5G is intended to support new technologies, such as autonomous vehicles and other use cases that will require near-real-time connectivity.
Thus, it is most suitable for the field of mobile communication. The demand for oscillators is expected to grow with the expansion of communication networks as well as the installation of 5G networks in the coming years. The requirement for reliable synchronization, accurate timing, and precise frequency references in diverse network applications drives the overall demand for OCXOs in the telecom & network industry.
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Asia Pacific held the largest share in the oven-controlled crystal oscillator (ocxo) companies in 2022 and is also expected to witness the highest CAGR during the forecast period. The growth in the region is attributed to the presence of numerous ecosystem players such as Seiko Epson Corporation ( Japan ), NIHON DEMPA KOGYO CO., LTD. ( Japan ), TXC Corporation ( Taiwan ), KYOCERA Crystal Device Corporation ( Japan ), and Daishinku Corp. ( Japan ).
Additionally, the market growth in this region can be attributed to the increased demand for various consumer electronic devices in countries such as China , Taiwan , and Japan . The market is expected to witness growth in the coming years owing to the adoption of different industrial solutions in the regional automotive industry, as well as the required government support in this regard.
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