The Latin America, Middle East and Africa Oven-Controlled Crystal Oscillator (OCXO) Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030).
Electronic parts are exposed to many different hostile conditions during space missions. After surviving the stress and vibration of launch, equipment must consistently deliver its stated performance for up to 15 years while operating in a wide range of temperatures. For crystal oscillators, further considerations include acting as an incredibly accurate and steady frequency reference while consuming the smallest amount of power in the smallest package.
As OCXO technology develops, smaller, lower-power OCXOs with better frequency stability, less phase noise, and quicker warm-up durations are becoming available. The evacuated miniature crystal oscillator (EMXO)—delivers comparable or superior performance and robustness in a package that requires half as much power and has additional benefits. Because of such technological advancements, OCXOs now have a wider range of potential applications, attracting more sectors and fostering market expansion.
The Brazilian government came to the conclusion that it needed to formulate a R&D strategy in order to reduce its reliance on fossil fuels in the transportation sector. It will allocate R$ 9 billion from the National Fund for Scientific and Technological Development for this as well as other industries, such as agribusiness and energy. This will increase the demand for various electrical devices and test and measurement equipment, all of which use oscillators. Therefore, the expansion of communications, consumer electronics, and automation applications in various regional industries is causing the market in the region to develop and thrive.
The Brazil market dominated the LAMEA 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 $10.8 Million by 2030. The Argentina market is showcasing a CAGR of 5.3% during (2023 - 2030). Additionally, The UAE market would witness a CAGR of 4.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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