The Global Crystal Oscillator Market size is expected to reach $3.8 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period.
The consumer electronics' expansion is propelled by the demand for more advanced consumer electronic devices, which necessitate accurate timing and frequency regulation. Therefore, the Consumer Electronics segment acquired $1,083.1 million in 2022. The IoT comprises a network of tangible objects, including vehicles, household appliances, and other items, equipped with connectivity, software, sensors, actuators, and electronics. This integration empowers these objects to communicate and share information. These are critical in IoT devices, enabling precise frequency and timing regulation. Some of the factors impacting the market are increasing adoption of crystal oscillators in aerospace and defense applications, rising growth of 5G technology, and frequency drift issues in crystal oscillators.
Crystal oscillators are indispensable for generating stable and accurate frequencies in aerospace and defense applications. Their dependability and precision render them essential components in various systems and apparatus. Communication systems are one of the principal applications of crystal oscillators in aerospace and defense. Stable carrier frequencies are critical in radio, radar, and satellite communication systems because they can produce such frequencies. It furnishes an indispensable frequency reference for these systems to function precisely. Additionally, Regions worldwide are expected to embrace 5G technology in the coming years. The demand for crystal oscillators in these regions will be impacted by 5G-enabled facilities and services across the industries expected to implement the solutions, including smartphones, networking devices, and Internet of Things (IoT) devices. These are of utmost importance in this intricate framework as they guarantee synchronization with stringent timing protocols and fulfill the requirements of 5G for high bandwidth and low latency. They enable critical transmission protocols to function efficiently and supply the accuracy required for cutting-edge technologies. It conforms to the critical reflow temperature curve at high temperatures, facilitating efficient communication. Thus, with the global expansion of the 5G network comes a significant increase in manufacturing high-performance crystal oscillators, which in turn propels the growth of the market.
However, stability loss is a substantial obstacle posed by the phenomenon of "drift" in crystal oscillators. This phenomenon may result in performance degradation and various technical or legal complications. Extended periods of operation produce thermal energy, which has the potential to disrupt the stability of components such as resistors, capacitors, and inductors. This is particularly significant in scenarios where the oscillator is subjected to severe environmental conditions. The duration between the occurrence of drift and its detection is critical, as it can potentially cause stability issues that negatively affect the operation of devices that use the oscillator. As a result, the market expansion of crystal oscillators is being impeded by the issue of drift that develops with prolonged use.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Based on general circuitry, the market is categorized into simple packaged crystal oscillator (SPXO), temperature-compensated crystal oscillator (TCXO), voltage-controlled crystal oscillator (VCXO), frequency-controlled crystal oscillator (FCXO), oven-controlled crystal oscillator (OCXO), and others. The voltage-controlled crystal oscillator (VCXO) segment garnered a substantial revenue share in the market in 2022. The adoption of VCXOs has been steadily growing due to their versatility and ability to provide frequency-tuning capabilities, meeting the demands of various applications across different industries. VCXOs find extensive use in clock and timing circuits of electronic devices where frequency adjustments are necessary. These oscillators are employed in network switches, routers, and signal processing equipment, enabling precise synchronization and clock recovery in complex systems.
On the basis of application, the market is divided into telecom & networking, consumer electronics, military & aerospace, research measurement, industrial, automotive, healthcare & life sciences, and others. In 2022, the automotive segment recorded a remarkable growth rate in the market. Crystal devices supply safety components not only for secure transportation but also for applications where security is critical. Automobile crystals are a significant and expanding industry. Crystals also offer many other benefits beyond their utility in enhancing visibility and precision while driving. Crystal devices have revolutionized the driving experience and stimulated innovation in the automotive industry. Automobiles are led by crystal oscillators, which facilitate the implementation of cutting-edge functionalities and enhance safety and performance.
On the basis of mounting scheme, the market is divided into surface mount & through-hole. The surface mount segment garnered the maximum revenue share in the market in 2022. Surface mount crystals offer a dependable, lengthy-lasting solution for various applications. The leads of a device with surface mount capabilities can be soldered directly to the terminals on the circuit board surface before packaging. Surface-mounted crystals, available in custom and standard frequencies, find extensive application in the Internet of Things (IoT) ecosystem, smart security systems for homes, computers, wearable devices (e.g., smartwatches), Wi-Fi, and other connectivity-related domains.
On the basis of crystal cut, the market is classified into AT cut, BT cut, and SC cut. In 2022, the SC cut segment witnessed considerable revenue share in the market. SC cut crystals are renowned for their superior temperature stability compared to other crystal cuts. Their inherent design minimizes frequency changes caused by temperature variations, making them ideal for applications where consistent performance across a wide temperature range is crucial. This stability is particularly valuable in aerospace, satellite communications, military equipment, and scientific instrumentation, where environmental conditions can be extreme and consistent timing is essential.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.8 Billion |
| Market size forecast in 2030 | USD 3.8 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 3.7% from 2023 to 2030 |
| Number of Pages | 340 |
| Number of Table | 510 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Mounting Scheme, Crystal Cut, General Circuitry, Application, Region |
| Country scope |
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| Companies Included | Seiko Epson Corporation, Nihon Dempa Kogyo Co., Ltd., Kyocera Corporation, Daishinku Corp, SiTime Corporation, SIWARD Crystal Technology Co., Ltd., TXC Corporation, HOSONIC TECHNOLOGY (GROUP) CO., LTD., Microchip Technology Incorporated, and Murata Manufacturing Co., Ltd. |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed the maximum revenue share in the market in 2022. The region is a major automotive industry consumer, and demand for crystal oscillators is propelled by the industry's increasing adoption of electronic components. Asia-Pacific, including Japan, China, Taiwan, and South Korea, is a significant manufacturing center for electronic devices. The escalating demand for electronic devices such as smartphones, tablets, and wearables propel the necessity for crystal oscillators.
Free Valuable Insights: The Global Crystal Oscillator Market size to reach USD 3.8 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Seiko Epson Corporation, Nihon Dempa Kogyo Co., Ltd., Kyocera Corporation, Daishinku Corp, SiTime Corporation, SIWARD Crystal Technology Co., Ltd., TXC Corporation, HOSONIC TECHNOLOGY (GROUP) CO., LTD., Microchip Technology Incorporated, and Murata Manufacturing Co., Ltd.
By Mounting Scheme
By Crystal Cut
By General Circuitry
By Application
By Geography
This Market size is expected to reach $3.8 billion by 2030.
Increasing adoption of crystal oscillators in aerospace and defense applications are driving the Market in coming years, however, Frequency drift issues in crystal oscillators restraints the growth of the Market.
Seiko Epson Corporation, Nihon Dempa Kogyo Co., Ltd., Kyocera Corporation, Daishinku Corp, SiTime Corporation, SIWARD Crystal Technology Co., Ltd., TXC Corporation, HOSONIC TECHNOLOGY (GROUP) CO., LTD., Microchip Technology Incorporated, and Murata Manufacturing Co., Ltd.
The expected CAGR of this Market is 3.7% from 2023 to 2030.
The AT Cut segment is generating the highest revenue in the Market by Crystal Cut in 2022; thereby, achieving a market value of $2.7 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2 billion by 2030.
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