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The global crystal oscillators market is to reach a value of $2,033.67 million during 2013, and then expected to push on to record a value of $2,719 million by the year 2018. This suggests CAGR growth of 6% between the five year period of 2013 and 2018. Broken down into unit growth of crystal oscillators, during 2013 unit shipment sales will reach 1544.74 million. By 2018 the shipments will have reached 2,297.16 million, growing at a CAGR of 8.3%.
Crystal oscillator market is triggered due to a lot of factors. The growth of smartphone and tablet market, deployment of 3G & 4G networks, increase in demand for high end automotive, and advancement in healthcare equipment are some of the factors currently driving this market. Evolution of competing technologies like Si MEMS oscillators is a restraint to this market while the introduction of Quartz MEMS technology is a future opportunity for the crystal oscillator market.
Crystal oscillators are amongst the core components of any electronic device. They use the property of piezoelectricity, which is exhibited by certain crystals, most notably quartz, to create waveforms with accurate frequency based on the mechanical vibration of the precision machined crystal.
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