The Asia Pacific Oven-Controlled Crystal Oscillator (OCXO) Market would witness market growth of 3.6% CAGR during the forecast period (2023-2030).
Numerous industry sectors have unique specifications and applications that depend on highly precise and reliable timing devices to deliver their promised performance. These sectors include, for instance, satellite datalinks, military communications, commercial airborne broadband, mobile test equipment, offshore gas and oil exploration, and high-definition photography. Numerous applications must function in harsh environments with ruggedized mechanical components and/or extremely high temperatures. In other situations, a battery may be used, although an OCXO's stability and noise performance are still needed.
In satellite communication and navigation systems, OCXOs are frequently employed to give precise frequency and time references for satellite placement, synchronization of satellite constellations, and communication signal transmission. Local oscillators are a backup to GPS in applications steered by GPS, such as military data lines, specific test equipment, and ocean bottom seismic nodal. Quartz-based timing devices are well suited as a clocking backup because of their performance characteristics, such as high Q, long-term precision, and high stability.
According to research by the China Academy of Information and Communications Technology, China's electronics manufacturing sector continued to grow steadily throughout the first two months of the 2023. The research said the industry significantly contributed to the country's industrial growth. From January to February, the added value of key electronics manufacturers increased by 12.7% year over year, compared to the 7.5 percent rise witnessed in the total industrial sector. Additionally, according to the Ministry of Industry and Information Technology's report from 2022, China leads the region in both consumer electronics manufacturing and sales due to its improved innovation and brand-building capabilities.
The China market dominated the Asia Pacific Oven-Controlled Crystal Oscillator (OCXO) Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $47.7 Million by 2030. The Japan market is anticipated to grow at a CAGR of 2.9% during (2023 - 2030). Additionally, The India market would display a CAGR of 4.3% during (2023 - 2030).
Based on Mounting Scheme, the market is segmented into Surface Mount and Through-hole. Based on Application, the market is segmented into Telecom & Networking, Consumer Electronics, Military & Aerospace, Industrial, Research & Measurement, Automotive and Medical. Based on Type, the market is segmented into Evacuated Miniature Crystal Oscillators (EMXO) and Double Oven Controlled Crystal Oscillators (DOCXO). Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Oven-Controlled Crystal Oscillator (OCXO) Market is Projected to reach USD 562.4 Million by 2030, at a CAGR of 3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nihon Dempa Kogyo Co., Ltd., TXC Corporation, DAISHINKU CORP., SiTime Corporation, Rakon Ltd., Mercury Electronic Industrial Co., Ltd., Abracon LLC (The Riverside Company), Greenray Industries Inc., Seiko Epson Corporation, and Microchip Technology Incorporated
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