IMARC Group, a leading market research company, has recently releases report titled, “Resonators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global resonators market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the resonators market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 7.83 Billion |
| Market Forecast in 2028 | US$ 22.32 Billion |
| Growth rate (2023 to 2028) | CAGR of 18.65% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is resonators?
Resonators refer to devices utilized to modulate sound or vibration, effectively canceling out specific ranges of frequencies and eliminating harsh pitches. In the automotive sector, these instruments play a crucial role in modulating exhaust sound and reducing the decibel level before reaching the muffler. Resonators are integral to sound control strategies in cars and can complement existing setups, eliminate unwanted noise while preserving desired tones, or even replace mufflers or baffling. In addition to this, these devices enable frequency filtering, signal amplification, and signal processing that aid in extending their applications to musical instruments, electronic circuits, and optical devices. As a result, resonators find widespread usage in scientific research, providing valuable insights into the mechanical, electrical, or optical properties of various materials.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/resonators-market/requestsample
What are the growth prospects and trends in the resonators industry?
The expanding automotive sector, where these devices are used for several purposes, such as infotainment systems, advanced driver-assistance systems (ADAS), and engine control units, is primarily driving the resonators market. Besides this, the extensive utilization of these instruments in smartphones, tablets, smartwatches, and other consumer electronics to enhance their connectivity and performance is further augmenting the market growth. Moreover, resonators play a crucial role in signal processing, frequency control, and data transmission across wireless networks, including fifth generation (5G) and Wi-Fi, which are also catalyzing the global market. Apart from this, the escalating demand for these devices in the aerospace and defense sectors for navigation systems, satellite communication, radar systems, and military applications and the rising automation and robotics in manufacturing, logistics, and energy industries to enable accurate timing, control, and synchronization in several types of machinery are acting as significant growth-inducing factors. Furthermore, advancements in surface acoustic wave (SAW) and microelectromechanical systems (MEMS) and the elevating requirement for these machines in medical equipment for precise frequency control and signal processing are expected to bolster the resonators market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- MEMS Resonators
- Crystal Resonators
Application Insights:
- Telecommunication
- Alarms and Detection
- Military and Space
- Automotive
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Abracon LLC
- IQD Frequency Products Ltd (Adolf Würth GmbH & Co. KG)
- Microchip Technology Inc
- Murata Manufacturing Co., Ltd.
- SHOULDER Electronics Limited
- SiTime Corporation
- Token Electronics Industry Co. Ltd.
- TXC Corporation, etc.
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=7891&flag=C
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group