APAC Market Forecast
Asia Pacific crystal oscillator market is anticipated to garner the largest market share over the forecast period, i.e., 2025-2037, accounting for 42% of the market share. The region has experienced significant growth in consumer electronics consumption, which has contributed to overall revenue increases in 2020. Eastern Asia stands out as the strongest region, generating over USD 314 billion in revenue. Moreover, automotive industries in this region are embracing innovative solutions to boost market growth further.
European Market Statistics
The European crystal oscillator market is expected to have a significant market share owing to advancements in technology and the integration of 5G networks. According to GSMA Intelligence data, 84 operators deployed 5G services in 31 countries in Europe as of January 2022. Also, Europe is home to leading research institutions, and crystal oscillators play a vital role in research equipment and experiments.
Author Credits: Abhishek Verma
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