A resonator is a device that shows resonant behavior or resonance. These devices oscillate at specific frequencies known as its resonant frequencies. The oscillations can be of two types - electromagnetic or mechanical. Resonators are useful for generating waves of precise frequencies or to select particular frequencies by using a signal. Musical instruments such as guitars use acoustic resonators that generates sound waves of exact tones when struck at specific strings. Another illustration is the quartz crystals that are used in devices such as quartz watches and radio transmitters, to yield oscillations of very specific frequency.
The growing demand for semiconductor based devices such as clocks, is likely to be one of the major factors that will impact the growth of this market positively. Electronic devices consist of different components that operate at different speeds. By guaranteeing that the components such as processors run more rapidly, at a speed similar to the other constituents such as chips, these semiconductor clocks aid in maintaining smooth movement in an electronic device, thereby ensuring the proper working of the electronic device. To keep track of device performance, semiconductor clocks use resonators. Increasing demand for semiconductor clocks will consequently drive the growth of the global resonators market over the forecast period.
Growing cost of raw materials needed for the manufacturing process is poised to inhibit the overall growth of the global resonators market. Nonetheless, fast progress in micro-electro-mechanical system (MEMS) technology will give rise to the introduction of innovative characteristics such as increased frequency stability, reduced power consumption, and low noise jitter in MEMS resonators. These features are likely to reduce the overall cost of manufacturing as well as save energy, which in turn will drive the global resonators market further. Moreover, advancement in medical equipment will push the market into a positive trajectory.
The global resonators market may be segregated based on type and geography. By end-user types, the market is segmented into MEMs resonators and crystal resonators. Among types, the crystal resonators segment held the maximum market share, by revenue. Crystal resonators are largely used in oscillators that are inserted into smartphones. Growing demand for smartphones throughout the globe will give a positive push to the overall resonators market during the forecast period. Additionally, increase in sales of high-end automobiles that use resonators will drive the market.
In terms of geography, the global resonators market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Presently, the North America region has the maximum market share in the global resonators market. This is due to rapid urbanization and presence of various industries in this region. APAC is anticipated to be the fastest growing market throughout the forecast period. Asia Pacific is a major manufacturing hub for electronic devices. Moreover, the convenience of low-cost raw material and labor will drive the market in the future.
The global resonators market is characterized by the existence of a large number of recognized players. With all dealers contending to gain substantial market shares, the market is extremely competitive in nature. Quality enrichment and consistency of the products, timely disposal of goods, pricing, and lesser production expenditures are some of the key factors that the companies in the semiconductor trade typically compete on. To increase their client base, bulky resonator producers in the semiconductor business are converging to form tactical conglomerates and M&A-s with other key dealers as well as local players. This will eventually result in the development of the market since some of the vendors have ground-breaking engineering know-hows. Key players in the market are Oscilent, Abracon, Murata, Vectron, and SiTime. Some of the other companies in the market are IQD, TXC, IDT, and Sand 9.
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
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