Resonators

Resonators

Global Resonators Market to Reach US$35.1 Billion by 2030

The global market for Resonators estimated at US$11.7 Billion in the year 2023, is expected to reach US$35.1 Billion by 2030, growing at a CAGR of 17.0% over the analysis period 2023-2030. Crystal Resonators, one of the segments analyzed in the report, is expected to record a 16.1% CAGR and reach US$16.8 Billion by the end of the analysis period. Growth in the MEMS Resonators segment is estimated at 18.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.0 Billion While China is Forecast to Grow at 21.6% CAGR

The Resonators market in the U.S. is estimated at US$3.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.0 Billion by the year 2030 trailing a CAGR of 21.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 11.8% and 14.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR.

Resonators  - Key Trends and Drivers

Resonators are devices that oscillate at specific frequencies when subjected to external forces, finding applications across various fields including telecommunications, medical devices, and consumer electronics. Essentially, resonators store and transfer energy between two modes, such as electric and magnetic, with minimal energy loss. They are fundamental components in systems requiring precise frequency control and signal filtering, including oscillators, filters, and frequency meters. Resonators come in different forms, including mechanical, optical, acoustic, and electromagnetic, each suited to specific applications and performance requirements.

In the telecommunications industry, resonators are critical for maintaining the stability and precision of signal frequencies in communication devices. Surface acoustic wave (SAW) and bulk acoustic wave (BAW) resonators are extensively used in mobile phones and wireless communication systems due to their high frequency selectivity and stability. Optical resonators, such as Fabry-Pérot and ring resonators, play a crucial role in laser systems and optical communication networks by enabling the control and modulation of light. Furthermore, microelectromechanical systems (MEMS) resonators are gaining prominence in the development of highly miniaturized, high-performance sensors and actuators, which are integral to modern electronic devices and IoT applications.

The growth in the resonator market is driven by several factors. Technological advancements, particularly in MEMS and nanotechnology, are enabling the production of smaller, more efficient resonators with enhanced performance characteristics, meeting the demands of next-generation electronics. The rising adoption of 5G technology is also a significant driver, as it necessitates the deployment of advanced resonators to manage the higher frequencies and bandwidths required for seamless communication. Additionally, the increasing integration of resonators in medical devices, such as ultrasound imaging and therapeutic equipment, is expanding their market scope. Consumer behavior trends, including the growing preference for compact, multifunctional electronic devices, are further fueling demand. The proliferation of IoT and smart devices is also contributing to market growth, as resonators are key components in ensuring the reliability and accuracy of these connected systems. Consequently, the resonator market is poised for substantial growth in the foreseeable future, underpinned by continuous innovation and expanding application areas.Top of Form

 

Select Competitors (Total 118 Featured) -

• Abracon LLC
• Murata Manufacturing Company, Ltd.
• SHOULDER Electronics Limited
• SiTime Corporation
• Token Electronics Industry Co., Ltd.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.