Market Research Report
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 185 Pages
Delivery time: 1-2 business days
Global Crystal Oscillators Market to Reach $3.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Crystal Oscillators estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at aCAGR of 4.2% over the period 2020-2027. Surface Mounted, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thru-Hole segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $814.5 Million, While China is Forecast to Grow at 4% CAGR
The Crystal Oscillators market in the U.S. is estimated at US$814.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$654.3 Million by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
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