Frequency Control and Timing Devices Market - Growth, Trends (2022 - 2027)
The Global Frequency Control and Timing Devices Market is expected to witness growth at a CAGR of 8.95% over the forecast period (2022- 2027). The COVID-19 outbreak has affected the global electronics industry supply chain significantly, affecting the demand and growth in the studied market. Supply chains across the most electronic sectors felt the substantial impact of COVID-19 at every production level. In 2020, many factories halted for a while or reduced their capacity, and suppliers struggled to keep up with demand due to limited production. As the second wave was witnessed in many countries in 2021, that effect is expected to continue until mid this year. Motherboard shortages are placing heavy pressure on manufacturers, but so are similar scarcity of raw materials for crystal and MEMS oscillators.
Key HighlightsThe Global Frequency Control and Timing Devices Market are significantly fragmented, with numerous oscillator and resonator-manufacturers providing the product. The companies continuously invest in the product and technology to promote sustainable environmental growth and prevent environmental hazards. Key players in this market are introducing new innovative products and forming partnerships and collaborations to gain competitive advantages.
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