The global resonators market size reached US$ 9.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 38.7 Billion by 2032, exhibiting a growth rate (CAGR) of 17.2% during 2023-2032. The significant expansion of the automotive sector, the proliferation of smart consumer devices, the large-scale employment of resonators in medical equipment and devices, and the expanding product applications in various industries represent some of the key factors driving the market.
Resonators are devices that are used to modulate sound or vibration. They cancel out a specific range of sound frequencies by eliminating harsh pitches or ranges. As a result, resonators are used across the automotive sector to modulate the exhaust sound and reduce the decibel level before it reaches the muffler. They are an essential part of a car's sound control strategy and can be used to complement the existing setup, eliminate drones while preserving the desired note, or replace mufflers/baffling. In addition to this, they enable frequency filtering, signal amplification, and signal processing. Consequently, they are widely used in musical instruments, electronic circuits, and optical devices. Besides this, they are also utilized in scientific research and can provide valuable information about the properties of different materials, such as their mechanical, electrical, or optical characteristics.
Resonators are devices that are used to modulate sound or vibration. They cancel out a specific range of sound frequencies by eliminating harsh pitches or ranges. As a result, resonators are used across the automotive sector to modulate the exhaust sound and reduce the decibel level before it reaches the muffler. They are an essential part of a car's sound control strategy and can be used to complement the existing setup, eliminate drones while preserving the desired note, or replace mufflers/baffling. In addition to this, they enable frequency filtering, signal amplification, and signal processing. Consequently, they are widely used in musical instruments, electronic circuits, and optical devices. Besides this, they are also utilized in scientific research and can provide valuable information about the properties of different materials, such as their mechanical, electrical, or optical characteristics.
Resonators Market Trends:
The bolstering growth of the automotive sector, wherein resonators are used across various applications such as infotainment systems, advanced driver-assistance systems (ADAS), and engine control units, represents the prime factor driving the market growth. Besides this, the growing adoption of smartphones, tablets, smartwatches, and other consumer electronic devices is creating a favorable outlook for the market as resonators provide better connectivity and performance. Moreover, the increasing use of resonators across various wireless networks, including fifth generation (5G) and Wi-Fi, for signal processing, frequency control, and data transmission is acting as another significant growth-inducing factor. In line with this, widespread product adoption across the bolstering aerospace and defense sectors in navigation systems, satellite communication, radar systems, and military applications is providing lucrative opportunities for the market growth. In addition to this, numerous medical devices and equipment rely on resonators for precise frequency control and signal processing, supporting applications like imaging, diagnostics, and patient monitoring, which is strengthening the market growth. Concurrent with this, the increasing adoption of automation and robotics in manufacturing, logistics, and energy industries is propelling the product demand to enable accurate timing, control, and synchronization in these pieces of machinery. Furthermore, ongoing research and development (R&D) efforts to improve resonator designs, enhance their performance, and expand their applications, combined with the advent of advanced surface acoustic wave (SAW), MEMS, and photonic resonators, are propelling the market forward.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global resonators market, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on type and application.Type Insights:
- MEMS Resonators
- Crystal Resonators
Application Insights:
- Telecommunication
- Alarms and Detection
- Military and Space
- Automotive
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global resonators market. Detailed profiles of all major companies have been provided. Some of the companies covered include 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global resonators market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global resonators market?
- What is the impact of each driver, restraint, and opportunity on the global resonators market?
- What are the key regional markets?
- Which countries represent the most attractive resonators market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the resonators market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the resonators market?
- What is the competitive structure of the global resonators market?
- Who are the key players/companies in the global resonators market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Resonators Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 9.3 Billion |
| Forecasted Market Value ( USD | $ 38.7 Billion |
| Compound Annual Growth Rate | 17.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
