LOS ANGELES, BEIJING, LONDON and PUNE, India- QY Research has recently published a report on the niche yet rapidly growing market, titled, “Global Miniature Atomic Clock Industry Research Report, Growth Trends and Competitive Analysis (2018-2025),” for the projected period of 8-years, i.e. between 2017 and 2025. According to this report, the global miniature atomic clock market is expected to show exponential Compound Annual Growth Rate during the projected period.
The global miniature atomic clock market was valued more than US$ 90 Mn in 2017 and is likely to reach little more than US$ 230 Mn, exhibiting the healthy CAGR of 12.13 % between 2017 and 2025. Presently, there are fewer companies which are operating in the global market for miniature atomic clock market, however, this scenario is expected to change positively in the near future.
Excellent accuracy in measuring frequency during communication is expected to boost the global miniature atomic clock market
Miniature atomic clocks have improved military communications and the quality of sensor systems. Miniature atomic clock meets all needs related to the traditional and wide market benchmark frequency applications and has excellent mechanical strength and performance. This characteristic is able to solve challenging technical problems in key vertical markets such as defense and communications. In these vertical markets, miniature atomic clock market provide accurate frequency and another requirement such as providing stability for wireless base stations and improving limited network facilities. All these factors are fuelling the growth of the global miniature atomic clock market in the projected period.
Global Miniature Atomic Clock Market: Forecast by Segments
On the basis of product type, the global miniature atomic clock market is segmented into production frequency: <5MHz, 5-10MHz, and >10MHz. Production frequency 5-10MHz dominated the product type segment of global miniature atomic clock market, with around 90% market share in 2017.
Based on the application type, the global market for miniature atomic clock market is segmented into military/aerospace, telecom/broadcasting, navigation, and others. In the year 2017, the navigation segment led the market with more than 35% market share.
Global Miniature Atomic Clock Market: Forecast by Region
South & Central America, the Middle East, and Africa, Europe, Japan, and North America are the key regions covered in this report. With more than 30 % market share, North America dominated the global miniature atomic clock market in 2017.
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Global Miniature Atomic Clock Market: Key Players
The market is niche and therefore fewer companies are currently functioning in the market. Some of the key players such as Microsemi, AccuBeat Ltd, and Spectratime are holding the largest market share. The other players in the market are Frequency Electronics, Excelitas Technologies, Zurich Instruments, Stanford Research Systems, Chengdu Spaceon Electronics, IQD and Casic.
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