RF and Microwave Crystal Oscillators Market Size

RF and Microwave Crystal Oscillators Market size was valued at USD 1.04 Billion in 2023 and is likely to reach USD 1.71 Billion by the end of 2036, expanding at around 3.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of RF and microwave crystal oscillators is assessed at USD 1.08 Billion. The growth of the market can be attributed to the rising applications in marine, digital systems, telecommunication, modems, and phase lock loop systems. The increasing applications of frequency determiners in many sectors are estimated to propel market growth. More than 35% of the population across the world uses the internet as of 2022 with 5 billion active internet users. As per the reports, 90% of the people in America use the internet on daily basis as of 2023

Additionally, the rising use of wristwatches, wall clocks, and other clocks that show time is estimated to hike the market growth in the coming years. The frequency of the radio is needed to be stabilized to transmit or receive the perfect wave and is estimated to drive market growth across the world. The worldwide global clocks, and watches sales and purchases in the year 2022 were estimated to be USD 90 billion and were projected to reach over USD 100 billion by the end of 2023. The use of wall clocks in the main cities, centers of towns, organizations, airports, bustards, and in every area to display time to the public is very popular for ages which are estimated to drive market growth.