Next Generation Crystal Oscillators Market - Forecast(2020 - 2025)
Next Generation Crystal Oscillators Market Overview: The penetration of smartphones in the world is a well-known phenomenon, and their production is catapulting at a rapid rate. According to the Global Systems for Mobile Communications Association (GSMA), there were 4.6 billion mobile subscribers, and by 2020, around 5.7 billion people will have a mobile phone [1] . This happens to be a major factor stroking the next generation crystal oscillators market which had a market size of 2 billion to 2.5 billion in the year 2018 according to IndustryARC’s market analyst. Moreover, based on the well-marshaled facts and market statistics, the analyst estimates that the next generation crystal oscillators market will grow at a considerable CAGR of more than 6% during the forecast period of 2019 to 2025. China and other Asian countries such as Taiwan, India, and Indonesia have been dominant in the consumer electronics sector with incremented production each year. Now, consumer electronics util