PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1321521
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1321521
An oscillator is a mechanical or electronic device that operates on the principle of oscillation, which is the regular energy fluctuation between two entities. Many types of technology use oscillators, including computers, clocks, watches, radios, and metal detectors. Crystal oscillators are frequently used in safety applications, including braking control, anti-blocking systems, airbags, and tire pressure monitoring systems (TPMS). The desire for precision is driving the adoption of crystal units and oscillators, as well as expanding requirements, better standards for safety applications, and the need for fast data transmission. The adoption of WiFi and Bluetooth combination chipsets in smartphone applications has raised the demand for oscillators. The growing support for various consumer product applications is likely to boost the oscillator market growth during the forecast period rapidly.
The consumer electronics sector makes a major contribution to the market growth of the oscillator market. The market for oscillators is anticipated to be stimulated by the frequently growing application of oscillators in several consumer electronic products. Cable television systems, personal computers, digital cameras, radios, cell phones, and wearable technology are just a few devices that utilize oscillators. The oscillator has high-frequency stability, high-quality resonance, and low-temperature drift; it powers most wireless communication features in a smartphone, including cellular, WiFi, FM, Bluetooth, and GPS. The rising consumer electronic production and smartphone adoptions will boost oscillator market growth. According to World Bank projections, there had been 6.3 billion smartphone subscribers by the end of 2021, making up almost 77% of all mobile phone subscriptions, and by 2027. In December 2022, according to an Indian Brand Equity Foundation IBEF research, the Indian appliances and consumer electronics market, which was valued at US$ 9.84 billion in 2021, is anticipated to more than double to reach US$ 21.18 billion (Rs. 1.48 lakh crore) by 2025. In December 2022, TCL Group declared it would begin producing TV display panels and phones in Andhra Pradesh. The business intends to hire 1,000 people. This development was consistent with the business's goal to spend US$219 million on local display module production. This growing consumer electronics development is anticipated to boost the oscillator market growth.
A sinusoidal oscillator, often known as an oscillator, is a semiconductor electronic circuit that converts input energy from a DC source into AC output energy with a periodic waveform at a specified frequency. The growing production and sales of semiconductors will boost the oscillator market growth. For instance, in February 2022, India announced partnerships from companies like Vedanta with Foxconn, ISMC, and the Singapore-based IGSS venture totaling USD 20 billion. In May 2021, the Semiconductor Industry Association (SIA) forecasted that global semiconductor sector sales were USD 43.6 billion, an increase of 26.2% over USD 4.6 billion in May 2020 and a 4.1% increase over April 2021's total. Furthermore, income from semiconductor equipment increased by 21.7% from April 2020 to USD 34.4 billion and by 1.9% from March 2021 to USD 41.0 billion in April 2021.? The output will increase along with the semiconductor equipment sales, fueling the expansion of the oscillator market growth.
Asia Pacific is the major market for oscillators. China, Taiwan, and South Korea have emerged as major manufacturers of advanced semiconductors. In April 2022, Teradyne Inc., a major supplier of automated test equipment and a leading Chinese maker of microcontroller units (MCUs) and security integrated circuit (IC) chips, received the 7,000th unit of Teradyne Inc.'s J750 semiconductor test platform, the company said. The Indian semiconductors market, according to PIB, was estimated at USD 15 billion in 2020 and is expected to reach USD 63 billion by 2026. The South Korean region and other significant foundry hubs are witnessing increasing investments with favorable incentives. In May 2021, the Ministry of Trade, Industry, and Energy of South Korea estimated that chip shipments will double to USD 200 billion by 2030. These developments and the production rise in semiconductors will boost the oscillator market growth in the Asia Pacific region during the forecasted period.