[December 17, 2017] |
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Global Oscillator Market - Trends, Drivers, Challenges, and Vendor Analysis Through 2021 | Technavio
The global
oscillator market is expected to grow at a CAGR of over 10% during
the period 2017-2021, according to a new market research study by
Technavio.
This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171217005072/en/
Technavio has published a new market research report on the global oscillator market 2017-2021 under their hardware and semiconductor library. (Graphic: Business Wire)
The report categorizes the global
oscillator market by product (crystal oscillator and MEMS
oscillator), by circuit type (temperature compensated, voltage
controlled, and oven controlled), and by application (consumer
electronics and telecom).
This report is available at a USD 1,000 discount for a limited time
only: View
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Market driver: increase in industrial automation
Increasing automation of processes has led to an evolutionary change in
industries. It involves combining digital and physical systems to enable
M2M communications and improve the human-machine interface (HMI).
Industry 4.0 defines the entire product lifecycle, where smart machines
carry out manufacturing processes on their own, smart robots coordinate
with humans to assemble products, and smart driverless transport
vehicles operate logistics processes on their own. The combination of
physical systems and cyber systems in industrial processes results in
high efficiency, predictive maintenance of machines, greater safety, and
increased profitability.
According to Chetan Mohan, a lead analyst at Technavio for embedded
systems, "Due to less human engagement nd high throughput,
efficiency, reliability, and safety process, automation is increasingly
being adopted in several industries. This trend is increasing due to
requirements such as timing controllers, control systems, networking
technologies, and software. The demand for oscillators is expected to
rise due to the rise in industrial automation during the forecast
period."
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Market trend: high demand for processing power from technologically
advanced gadgets
Functionalities of mobile phones have been transformed due to
smartphones. Half of the total Internet traffic comes from mobile
devices. With the rise in usage of these devices, the number of apps
installed has also increased simultaneously. Delivery-based and gaming
applications have led to need for location awareness services. Apps
downloaded from Apple (News - Alert) App Store, Google Play Store, and Windows Store
require GPS-enabled location tracker feature to provide custom services
to its users. Smartphones include high-powered cameras, built-in video
and music players, personal digital assistants, advanced browsers,
e-mail services, and mobile games with advanced graphics. These features
require accurate and timely delivery of information, which creates a
need for timing controllers, such as oscillators, to be a part of the
chipset.
Market challenge: high investments in manufacturing facilities
The high initial capital investments pose a major challenge. A
manufacturing plant set up would cost around USD 5-6 billion. Rapid
advancement in technology has resulted in the upgradation of electronic
devices which requires special manufacturing equipment. To cater to the
growing demand, the focus of the vendors must be on capacity expansion
and increase their R&D investments. Lack of significant investments by
vendors could be at a disadvantage compared with other leading
competitors. Top vendors are not able to introduce innovative products
and gain profits.
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Key vendors in the market:
-
KYOCERA
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Miyazaki Epson
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Microchip Technology (News - Alert)
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NDK
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SiTime (MegaChips)
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Vectron International
The presence of several regional and global vendors makes the global
oscillator market extremely competitive and highly fragmented.
Vendors compete in the market based on price. The decline in cost per
unit of the product has made it difficult for vendors to compete in the
market. Growth in the fields of consumer electronics, telecom, and
automotive markets in driving the market for oscillators.
Get a sample copy of the global
oscillator market report free of cost
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View source version on businesswire.com: http://www.businesswire.com/news/home/20171217005072/en/
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