Resonators are electromagnetic or mechanical devices finding popular use in a wide spectrum of clocking applications in manufacturing or fabricating a variety of modern electronics and semiconductor elements. They form key determinant of performance of semiconductor clocks used in a vast range of semiconductor-based devices. Resonators also find extensive applications in various RF/microwave components, including filters and oscillators. The substantially rising demand for semiconductor-based devices is a noteworthy factor accentuating the growth of the global resonators market. They come in various types and resonate in various frequencies or modes depending on which suitable design components and performance characteristics are determined for their use. For instance, dielectric resonators find significant applications in microwave filters and oscillators. They can be typically used in applications that need 260 MHz to 26 GHz, notably in satellite-based communication equipment and combiners. In recent decade, the adoption of micro-electro-mechanical system (MEMS) resonators for replacing quartz resonators in a variety of real-time clock applications in RF circuits has gained traction. The demand for MESM resonators is expected to witness lucrative prospects ahead.
On the promising type of resonators that is emerging to the fore is nanomechanical resonators. The attractiveness of these devices is stoked by their striking mechanical and electrical properties, enabling them to reach exceedingly high frequencies. Nanoresonators find promising applications in fabricating nano-sensors useful in detecting atoms or molecules and devices for transportation of fluids at nano-level. Substantial research and development activities are underway for increasing the sensitivity of these devices along with improving their response time. Essentially made of carbon nanotubes and graphene sheets, nanoresonators are expected to find promising applications in high-frequency signal processing and novel biological imaging. Furthermore, active industry efforts to realize other novel applications of these nano-resonators, notably for designing lab-on-a-chip device, bode well for the market.
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A resonator is a device that shows resonant behavior or resonance. These devices oscillate at specific frequencies known as its resonant frequencies. The oscillations can be of two types - electromagnetic or mechanical. Resonators are useful for generating waves of precise frequencies or to select particular frequencies by using a signal. Musical instruments such as guitars use acoustic resonators that generates sound waves of exact tones when struck at specific strings. Another illustration is the quartz crystals that are used in devices such as quartz watches and radio transmitters, to yield oscillations of very specific frequency.
The growing demand for semiconductor based devices such as clocks, is likely to be one of the major factors that will impact the growth of this market positively. Electronic devices consist of different components that operate at different speeds. By guaranteeing that the components such as processors run more rapidly, at a speed similar to the other constituents such as chips, these semiconductor clocks aid in maintaining smooth movement in an electronic device, thereby ensuring the proper working of the electronic device. To keep track of device performance, semiconductor clocks use resonators. Increasing demand for semiconductor clocks will consequently drive the growth of the global resonators market over the forecast period.
Growing cost of raw materials needed for the manufacturing process is poised to inhibit the overall growth of the global resonators market. Nonetheless, fast progress in micro-electro-mechanical system (MEMS) technology will give rise to the introduction of innovative characteristics such as increased frequency stability, reduced power consumption, and low noise jitter in MEMS resonators. These features are likely to reduce the overall cost of manufacturing as well as save energy, which in turn will drive the global resonators market further. Moreover, advancement in medical equipment will push the market into a positive trajectory.
The global resonators market may be segregated based on type and geography. By end-user types, the market is segmented into MEMs resonators and crystal resonators. Among types, the crystal resonators segment held the maximum market share, by revenue. Crystal resonators are largely used in oscillators that are inserted into smartphones. Growing demand for smartphones throughout the globe will give a positive push to the overall resonators market during the forecast period. Additionally, increase in sales of high-end automobiles that use resonators will drive the market.
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In terms of geography, the global resonators market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Presently, the North America region has the maximum market share in the global resonators market. This is due to rapid urbanization and presence of various industries in this region. APAC is anticipated to be the fastest growing market throughout the forecast period. Asia Pacific is a major manufacturing hub for electronic devices. Moreover, the convenience of low-cost raw material and labor will drive the market in the future.
The global resonators market is characterized by the existence of a large number of recognized players. With all dealers contending to gain substantial market shares, the market is extremely competitive in nature. Quality enrichment and consistency of the products, timely disposal of goods, pricing, and lesser production expenditures are some of the key factors that the companies in the semiconductor trade typically compete on. To increase their client base, bulky resonator producers in the semiconductor business are converging to form tactical conglomerates and M&A-s with other key dealers as well as local players. This will eventually result in the development of the market since some of the vendors have ground-breaking engineering know-hows. Key players in the market are Oscilent, Abracon, Murata, Vectron, and SiTime. Some of the other companies in the market are IQD, TXC, IDT, and Sand 9.
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