The North America Oven-Controlled Crystal Oscillator (OCXO) Market would witness market growth of 2.2% CAGR during the forecast period (2023-2030).
Many sectors use oven-controlled crystal oscillators (OCXOs) when frequency stability and precise timing are essential. OCXOs are frequently used in the aerospace, defense, satellite communication, telecommunications, scientific research, and industrial automation industries. Precision oscillators are used by the navigation business for MLS, radar, GPS, and other guidance systems, as well as by the aircraft sector for guidance, tracking, and telemetry systems. They are also used by communications businesses for cellular, PCN, base station, satellite, and VSAT systems.
Numerous commercial products, including frequency counters, frequency standards, phase noise test sets, synthesizers, and other instruments, use crystal oscillators extensively. The aerospace and defense sector has been expanding steadily. The sector recorded revenues worth billions in 2022. Additionally, as the region continues to shift to a space-based economy, which will eventually affect almost all goods and services, the space industry continues to grow quickly.
The Canadian government also promised to provide funding for high-speed data connectivity for both individuals and businesses. Because of this, by 2027, most Canadians ought to have access to high-speed channels, and by 2030 everybody ought to. A considerable amount of last-mile fiber-to-the-home connectivity infrastructure will be built using the approximately $3.8 million in high-speed connection improvements the national provinces will invest in. Therefore, as the region's telecom sector grows, there will be a substantial need for OCXOs, fueling the market's expansion.
The US market dominated the North America 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 $133.3 Million by 2030. The Canada market is showcasing a CAGR of 4.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.6% 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 U.S., Mexico, Canada, and Rest of North America.
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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