Global Laser Technology Market Size, Share, Growth Drivers, Opportunities 2027

The global laser technology market size is projected to reach USD 25.6 billion by 2027, at a CAGR of 8.9% during the forecast period.

Rising demand from healthcare vertical and increasing production of nanodevices and micro devices are the major factors driving the growth of the market. Moreover, better performance of laser-based techniques over traditional material processing methods is another key factor for the growth of the laser technology industry.

Solid laser held the largest share of the laser technology market.

Solid lasers prevent the wastage of materials in the active medium, owing to which they are used extensively across medical and research applications like spectroscopy and imaging etc.

Solid lasers produce both continuous and pulsed output at a higher efficiency than He-Ne (Helium-Neon) and Argon lasers by about 2–3%, making them suitable for multiple applications across several domains such as telecommunications and automotive.

System segment held the largest share of the laser technology market.

The ability of laser systems to perform a wide range of functions such as scribing, cutting, engraving, welding, and marking etc. is increasing their use across various verticals, such as industrial, commercial, automotive, and medical.

Moreover, increasing adoption by mid-sized and small manufacturers worldwide to expand their product lines and increase productivity is driving the demand for laser systems.

Laser processing held the largest share of the laser technology market.

The laser processing segment is driven by its ability to provide higher quality, more reliable, and more precise output than conventional mechanical methods.

Increasing necessity for techniques to improve accuracy of material processing techniques and rising demand to reduce turn-around time is driving the adoption of laser technology for material processing applications across verticals such as automotive and semiconductor & electronics.

Telecommunications vertical held the largest share of the laser technology market.

Laser communication provides high data transfer rates with low power consumption and is a highly secure medium for data transmission, thus driving their adoption in the telecommunications vertical. In the telecommunications vertical, laser technology is also used for signal strength optimization.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=795

Asia Pacific held the largest share of the laser technology market.

The market in Asia Pacific held the largest share (41.4%) of the overall market in 2021. Asia Pacific has been ahead in the adoption of laser technology products and solutions compared with other regions.

Growing manufacturing owing to increasing industrialization in the region is a key factor driving the adoption of laser technology for industrial processes such as drilling, welding, and cutting etc. Moreover, increasing R&D investments has resulted in development of laser systems which enable effective signal transmission over large distances.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

High-Frequency Transformer Market Size & Share | Industry Report 2023 - 2026

 The global high-frequency transformer market size is projected to reach USD 2.3 billion by 2026, at a compound annual growth rate (CAGR) of 6.1%.

The key driving factor fueling the demand for high-frequency transformers is the growing adoption of advanced technologies such as IIoT, factory automation, 5G, and cloud computing in the consumer electronics, automotive, manufacturing, IT & telecommunications, and military & defense verticals. The rising trend of miniaturization of electronics and small form factor components in the consumer electronics and automotive verticals are projected to drive the growth of the high-frequency transformer industry from 2021 to 2026. However, the increasing prices of raw materials and their cascading effect on the final prices of high-frequency transformers are expected to hamper their adoption rate in some industries or sectors.

DRIVERS: Positive growth outlook of automotive industry and growth in adoption of electric vehicles

High-frequency transformers find applications in various systems, such as electric compressors, DC-DC converters, LED lighting, battery management systems, inverters, electric vehicle charging systems, and on-board chargers, of automobiles (both gas and electric) manufactured today. The growing trend of component miniaturization and the need for high performance and reliability are the major reasons for the rising adoption of high-frequency transformers in the automotive industry. Moreover, the positive growth outlook of the global automotive industry based on trends such as connected vehicles, IoT, autonomous control, electric and hybrid vehicles, and alternative fuel vehicles is expected to create immense growth opportunities for the high-frequency transformer market.

RESTRAINTS: Increasing prices of raw material used in the manufacturing of high-frequency transformers

The key raw materials used in the manufacturing of high-frequency transformers include copper, iron, and ferrite, which feature high electrical conductivity. Copper is used to make foils and wires of high-frequency transformers, and it forms one of the key components of the transformer design. Similarly, ferrite forms the transformer’s core in the overall design. Any fluctuation or increase in the prices of these materials can result in an increase in the final costs of high-frequency transformers. As per the data by Trading Economics, in the past 10 years, the price of copper globally has witnessed fluctuations in the range of USD 2/Lbs to more than USD 4.5/Lbs. In mid-2021, it has reached its highest level of USD 4.7/Lbs. Thus, the increasing prices of raw materials and their cascading effect on the final prices of high-frequency transformers are expected to hamper their adoption rate in some industries or sectors.

OPPORTUNITIES: Rising Trend of automation and adoption of advanced technologies in industrial sector

With the growing adoption of various technologies in the industrial sector for advanced control and automation, the demand for high-frequency transformers is also expected to rise at a significant pace. High-frequency transformers find applications in motor drives, inverters, robotics, battery chargers, UPS, and other industrial equipment. The industrial robotics industry has been growing at an impressive rate in the past few years, with robots being used for applications such as machine tending, welding, cutting, grinding, soldering, and assembly. Automotive and electronics are the two major end-user industries of industrial robots, such as stand-alone robots, collaborative robots, and mobile robots. The increasing penetration of automation technologies and robotics into the industrial sector is expected to create lucrative opportunities for the players offering high-frequency transformers during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156462972

 

CHALLENGES: Trade-off between small form factor and skin and proximity effects

Technological advancements in electronic systems and equipment, coupled with the rising trend of component miniaturization, are fueling the demand for high-frequency transformers that are small, lightweight, and exhibit high-power density. However, the development of small size and lightweight high-frequency transformers also has design challenges. Some of these challenges include losses from skin effects and proximity effects in high-frequency transformers. Losses due to skin effects are caused by the property of high-frequency currents that flow on the conductor’s surface. Proximity effects, also called eddy current losses, cause an excessive level of resistance within the transformer’s wire and result in power losses. Besides, they also create heat dissipation issues. Hence, selecting high-quality raw materials and components (Litz wires) for minimizing skin and proximity effects is a crucial requirement for manufacturers nowadays.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Display Market Size, Share, Industry Report, Revenue Trends and Growth Drivers 2028

 The display market size is projected to reach USD 187.8 billion by 2028 from USD 157.8 billion in 2023 at a CAGR of 3.5% during the forecast period. Surging adoption of OLED displays in various applications, increasing demand for displays in the automotive and healthcare industries, increasing use of LED displays video walls, TVs, and digital signage applications, and growing popularity of interactive displays are some of the major factors driving the market growth globally.

Driver: Increasing use of LED displays for video walls, TVs, and digital signage applications

LED technology uses light emitting diodes to create lighting solutions, displays, and other applications. The technology is used in a wide range of applications, such as smartphones, TVs, video walls, and digital signage. LED displays have become one of the most used display technologies used across various applications and holds a significant share of the market compared to other technologies. While the LED display industry has matured in recent years, there has been a lack of innovation. However, one recent breakthrough has been the miniaturization of the components required to build an LED screen. This development has enabled LED screens to become incredibly thin and expand to enormous sizes, making them suitable for use on any surface, both indoors and outdoors. Technological advancements, such as improved resolution, increased brightness capabilities, product versatility, and the emergence of durable surface LEDs and micro-LEDs have also contributed to the increase in LED applications, driving the growth of market.

Restraint: Decline in demand for displays in retail sector due to drastic shift toward online advertisement and shopping

The global electronic commerce industry has experienced tremendous growth in recent years, with millions of people engaging in online shopping. Despite initial concerns about security, consumers are increasingly comfortable buying products online due to faster delivery, easy return policies, and free shipping offered by many e-commerce sites. This trend has had a significant impact on the retail sector, with brick-and-mortar stores experiencing a decline in business due to accelerating online sales.

Digital advertising offers more sophisticated and personalized options for reaching multi-device, multi-channel consumers who spend more time online than before. As a result, the demand for displays in commercial and retail settings has significantly decreased as businesses shift their advertising focus toward online channels.

Opportunity: Micro-LED and mini-LED technologies to carve out new growth avenues for display market

Micro-LED and Mini-LED technologies are expected to create new opportunities for the display market. Both technologies are designed to provide better picture quality, higher brightness, and greater energy efficiency than existing display technologies such as LCD and OLED. Micro-LED technology can be used for a wide range of applications, such as televisions, smartphones, and wearables.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=925

Micro-LED displays are a next-generation technology that utilizes small, self-emitting LEDs that are less than 100 micrometers in size. Compared to conventional display technologies, they offer several benefits such as improved color accuracy, higher contrast, and faster response times. Additionally, micro-LED displays are more power-efficient and can be used in various applications, including smartphones, laptops, AR/VR devices, and large digital signage. These advantages make micro-LED displays a promising technology, with the potential to revolutionize the display industry.

Challenge: High costs associated with new display technology-based products

In recent years, the display market has been greatly impacted by the consistently decreasing prices of LCD panels. Although there are newer technologies such as micro-LED and quantum dot displays that are more expensive compared to established technologies like LED-LCD. Currently, the prices of LCD panels are lower than OLED panels, which is a result of increased demand for OLED displays from smartphones, smart wearables, and TV manufacturers. Typically, when a new technology is introduced, manufacturers charge a premium, which pushes prices upward and can limit the growth of that market. This, ultimately, has an adverse impact on the overall market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Industrial Communication Market Size, Share, Industry Report, Revenue Trends and Growth Drivers 2028

 The industrial communication market is projected to grow from USD 21.9 billion in 2023 to USD 29.0 billion by 2028; it is expected to grow at a CAGR of 5.7% from 2023 to 2028. Initiatives undertaken by governments of different countries to promote the adoption of industrial automation, the growing need for scalable, faster, reliable, and interoperable communication protocols, increasing use of machine-to-machine communication technology, and increasing use of digital twin to safely monitor smart manufacturing operations are among the factors driving the growth of industrial communication market.

Driver: Increasing use of machine-to-machine communication technology

Better connectivity for smooth communication and low power requirements are the key reasons for the increased adoption of new machine-to-machine (M2M) technologies. To achieve effective M2M communication, the existing capacity of mobile networks must be able to handle billions of nodes that are expected to be deployed in the next couple of years. Currently, the network capacity is not capable of handling M2M and human-based communications, as well as their different communication patterns, including latency time. For this reason, a next-level cellular network for mobile communication featuring hyper-connectivity and larger bandwidth (e.g., 5G) is required. The M2M communication technology will be widely used in the coming years in heavy manufacturing industries and process industries (e.g., food industry) to increase the efficiency of different processes and reduce human intervention for machines.

M2M technology has opened new avenues for the industrial communication market. It enables enterprises to improve their productivity and safety in work environments, thus allowing them to attain better efficiencies. Such benefits of M2M communication are expected to further drive the industrial communication market.

Restraint: Absence of standardization in industrial communication protocols and interfaces

Industrial equipment or devices communicate through various interfaces, technologies, and protocols. The lack of standardization in these communication interfaces and protocols may result in the misrepresentation of data. The lack of standardization complicates the integration of systems and hinders the use of plug-and-play features for unrelated systems. For instance, most equipment manufacturers use their proprietary interface protocols to communicate with their devices, which results in communication challenges for the devices developed by other manufacturers.

Opportunity: Upsurge in demand for wireless networks

The rapid growth in the demand for wireless technologies, such as Bluetooth Smart, WirelessHART, WLAN, and Zigbee, is opening new growth opportunities for the industrial communication market, mainly for the oil & gas, electronics, and energy & power generation industries. Zigbee helps drive the market for low-cost wireless network solutions. The Zigbee IEEE 802.15.4 technology has been adopted by many organizations worldwide. Similarly, WirelessHART-enabled communication is becoming one of the most widely used options for signal transmission in process industries using HART communication. WLAN (IEEE 802.11) is used for high-performance infrastructure networks that are also suitable for industrial applications. Advancements in wireless communication technologies, especially cellular technologies, are helping various industries to monitor their assets across the world. These technologies enable efficient and universal communication for all industrial applications. In process and infrastructure applications, industrial wireless systems simplify the process of recording data from remote stations and field devices, which would otherwise be inaccessible for accomplishing the process. The speed and simplicity of the installation of wireless networks have also made them popular among industries, as they can be deployed to facilitate M2M communication even under extreme environments. All these factors have contributed to the growth of the market for wireless technologies for industrial communication, especially in highly industrialized regions, and are expected to drive the overall market in the coming years.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146536397

Challenge: Harsh field site conditions such as high-voltage transients, severe shocks and vibrations, and extremely high temperatures

Industrial communication technology is increasingly being deployed at remote field locations. Remote field locations are more prone to the effects of unfavorable and harsh conditions, such as high-voltage transients, shocks and vibrations, and extremely high temperatures. High voltage transients result from electrostatic discharge (ESD), surge, burst, electrical fast transients (EFT), and lightning strikes. Industrial switches should be capable of preventing high-voltage transients by providing high electromagnetic protection. Shock and vibration in machinery can separate networking wires meant for long-term exposure to shock and vibration, eventually resulting in electrical shorts, broken solder joints, loose printed circuit board (PCB) components, PCB delamination, and cracked device housings. Moreover, remote onsite locations may not have air conditioning; this raises the demand for switches with high-temperature tolerance and optimal heat dissipation to keep the switch lifecycle intact. Therefore, there is a requirement for robust industrial communication equipment to withstand harsh conditions.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Industrial Communication Industry worth $29.0 billion by 2028

 

The report "Industrial Communication Market by Components (Switches, Gateways, Power Supply Devices, Router & WAP, Communication Interface & Protocol Converters, Controllers), Software, Services, Communication Protocol, Vertical and Region - Global Forecast to 2028" The global industrial communication market was valued at USD 21.9 billion in 2023 and is projected to reach USD 29.0 billion by 2028; registering a CAGR of 5.7% during the forecast period. The overall growth of the industrial communication market is being driven by the growing need for scalable, faster, reliable, and interoperable communication protocols, increasing use of digital twin to safely monitor smart manufacturing operations, initiatives undertaken by governments of different countries to promote adoption of industrial automation, and increasing use of machine-to-machine communication technology.

By Communication Protocol: Wireless communication protocol to grow at highest CAGR during forecast period.

The number of wireless connections in industrial applications has increased considerably over the past few years due to improved network coverage, quality of transmission, and bandwidth capacity. Advancements in wireless communication technologies, especially in wireless highway addressable remote transducer (WHART), cellular, and wireless local area networks (WLAN), are helping manufacturing companies to remotely monitor their assets from anywhere in the world. The popularity of wireless networks is increasing due to the speed and simplicity of installing them, as these features enable their deployment even in extreme environments. All these factors are expected to increase the adoption of wireless technology in the industrial communication market during the forecast period.

By Vertical: In 2028, the Electrical & Electronics vertical to grow at the highest CAGR during the forecast period.

The electronics manufacturing industry has an exceptional opportunity with the exponential expansion of the Internet of Things (IoT). It necessitates a re-assessment of the production process and management practices that were previously challenging to attain using conventional methods. Moreover, the IoT empowers electronic manufacturing machines to autonomously process and store data while remaining digitally interconnected. Furthermore, ongoing advancements in sensor fabrication are crucial, as sensors serve as the pivotal components that enable various IoT applications.

Asia Pacific is likely to grow at the highest CAGR during the forecast period.

Asia Pacific is one of the fastest-growing regions globally in terms of the adoption of industrial communication. Ongoing technological innovations and increasing adoption of automation technologies in various industries are leading to the growth of the industrial communication market in Asia Pacific. It is one of the world's fastest-growing consumer markets as well as a preferred destination for global manufacturing facilities. Automobile manufacturers use factory automation technologies and components to make their processes fully automatic and efficient. As labor costs are increasing in Asia Pacific and are likely to intensify in the near future, these trends are expected to fuel the global demand for industrial robotics and other automation technologies.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146536397

The major players in the industrial communication market include Cisco Systems, Inc. (US), Siemens (Germany), Rockwell Automation (US),  OMRON Corporation (Japan), Moxa Inc. (Taiwan),  Huawei Technologies Co., Ltd. (China), SICK AG (Germany), Schneider Electric (France), ABB (Switzerland), Belden Inc. (US), GE (France), Advantech Co., Ltd (Taiwan), FANUC CORPORATION  (Japan), Bosch Rexroth AG (Germany), AAEON Technology Inc. (Taiwan), HMS Networks (Sweden), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan),  Ericsson (Sweden), Hans Turck GmbH & Co. KG (Germany), ACS Motion Control (Israel), Eaton (Ireland), Beckhoff Automation (Germany), Hitachi, Ltd. (Japan). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Oven-Controlled Crystal Oscillator (OCXO) Market Size, Share, Industry Report, Revenue Trends and Growth Drivers

 The OCXO market is projected to grow from USD 464 million in 2023 to USD 528 million by 2028; it is expected to grow at a CAGR of 2.6% from 2023 to 2028. The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO market.

Driver: Expanding telecommunications industry

The telecommunications industry significantly drives the OCXO market. Precise timing and synchronization are crucial for developing wireless networks, implementing 5G technology, and faster data transfer. Oven-controlled crystal oscillators are essential in satellite, telecom, broadcast, and other space applications. 5G is expected to connect people, things, data, applications, transport systems, and cities in smart network communication environments. It can transfer large volumes of data swiftly, establish reliable connections between devices, and process massive volumes of data with minimal delay. 5G technologies are expected to support applications such as smart homes and buildings, smart cities, 3D video, work and play in the cloud, remote medical services, virtual and augmented reality, and massive machine-to-machine communications for industrial automation. Various crystal oscillators such as VCXOs, TCXOs, and OCXOs help easily design customer circuits and improve quality performance for high-speed networks and next-generation wireless telecommunication systems. Hence, the rising development of the 5G network is expected to drive the OCXO market, owing to its robust, reliable, and proven temperature-sensing capabilities.

Restraint: Higher power consumption of OCXOs

OCXOs often use more power than other oscillator categories because of the temperature-controlled oven functions. The higher power consumption of OCXOs may restrict their use in situations where power efficiency is important, such as battery-operated devices or low-power systems. Moreover, excess power consumption frequently leads to increased heat generation, particularly in small form factor devices or systems with constrained heat dissipation capacities. To control the heat produced by OCXOs, manufacturers may need to take additional steps, such as using heat sinks, thermal pads, or cooling systems, which can add complexity and expense. Hence, higher power consumption acts as a key roadblock for the manufacturers of OCXOs, thereby restraining market growth.

Opportunity: Growing need for high-precision timing and frequency stability due to network densification

The telecommunications network is shifting toward next-generation network connectivity and currently uses 4G/5G small cells and synchronous Ethernet to increase network data capacity, resulting in impending network densification. This drives the rapid deployment of end-use devices in uncontrolled environments, which will introduce added stressors on the systems, such as dynamic temperature changes, thermal shock, unpredictable airflow, and vibration. These dynamic conditions affect component performance, especially the stability of legacy quartz timing devices. Applications requiring highly precise and stable frequency frequently use OCXOs. The growing need for precise timing in several industries, including telecommunications, aerospace & defense, and scientific research, is expected to drive the OCXOs market. In aerospace & defense applications, OCXOs keep precise time references across many devices and networks, such as atomic clocks, time servers, and synchronization systems.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93038075

 

Challenge: High manufacturing costs compared with other oscillators

OCXOs are typically more expensive than other types of oscillators. Higher manufacturing costs are due to the requirement for precise temperature management and the inclusion of a temperature-controlled oven. The higher cost can be a reason for the low adoption of OCXOs, particularly in price-sensitive applications. Additionally, the increased cost of OCXOs may provide the potential for other oscillator technologies to gain market share. Users looking to balance price and performance may find lower-cost alternatives, including temperature-compensated crystal oscillators (TCXOs) or MEMS oscillators. As a result, there may be more rivalry, which could affect the OCXO market growth.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Oven-Controlled Crystal Oscillator (OCXO) Industry worth $528 million by 2028

 The report "Oven-Controlled Crystal Oscillator (OCXO) Market by Type, Mounting Scheme (Surface Mount, Through-hole), Application (Consumer Electronics, Telecom & Networking, military & aerospace, Industrial, Automotive, Medical) and Region - Global Forecast to 2028" The global OCXO market was valued at USD 464 million in 2023 and is projected to reach USD 528 million by 2028, registering a CAGR of 2.6% during the forecast period. The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO market.

By Mounting Scheme and Type: Surface mount accounted for the largest share of the OCXO market in 2028.

In 2022, the surface mount held the largest share of the OCXO market. The growth of this segment can be attributed to the miniaturization of components, high analog and digital signal transmission speed, high-frequency effects, and improved yield and production efficiency. Surface-mount oscillators incur low material and production costs and involve a simple production process. Hence, such crystal oscillators are increasingly being used in consumer electronics and telecom & networking applications. In 2022, the EMXO segment held a larger share of the OCXO market. The growth of this segment can be attributed to the miniaturization of components, high analog and digital signal transmission speed, high-frequency effects, and improved yield and production efficiency. Hence, such OCXOs are increasingly being used in consumer electronics and telecom & networking applications.

By Application: In 2028, Telecom & Networking segment accounted for the largest share of the OCXO market.

Telecom and Networking segment accounted for the largest share of the OCXO market in 2028. Telecom & networking is a fast-growing sector due to the high dependence on the internet for the sustenance of modern-day activities. With the increasing deployment of 5G networks, the installation of multiple small cells to complement large cell towers and provide seamless coverage is growing. 5G is intended to support new technologies, such as autonomous vehicles and other use cases that will require near-real-time connectivity.

Thus, it is most suitable for the field of mobile communication. The demand for oscillators is expected to grow with the expansion of communication networks as well as the installation of 5G networks in the coming years. The requirement for reliable synchronization, accurate timing, and precise frequency references in diverse network applications drives the overall demand for OCXOs in the telecom & network industry.

Asia Pacific likely to hold the largest share of the OCXO market during the forecast period.

Asia Pacific held the largest share in the OCXO market in 2022 and is also expected to witness the highest CAGR during the forecast period. The growth in the region is attributed to the presence of numerous ecosystem players such as Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), KYOCERA Crystal Device Corporation (Japan), and Daishinku Corp. (Japan).

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93038075

Additionally, the market growth in this region can be attributed to the increased demand for various consumer electronic devices in countries such as China, Taiwan, and Japan. The market is expected to witness growth in the coming years owing to the adoption of different industrial solutions in the regional automotive industry, as well as the required government support in this regard.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.