Crystal Oscillator Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
GMI Research analysis indicates that the Crystal Oscillator Market size was estimated at USD 2.9 billion in 2022 and is slated to register a single digit CAGR of 2.4% over the forecast period, and is projected to reach USD 3.5 billion in 2030.
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Major Crystal Oscillator Market Drivers
An increase in crystal oscillator demand in automotive, a surge in the integration of 5G networks, and a rise in the adoption of compact and portable consumer electronics are the key drivers propelling the global crystal oscillator market growth. Crystal oscillators are the preferred option in areas requiring precise timing, due to their high-frequency and low phase noise. The military and aerospace industry are known for demanding reliable and precise technical products with high potential and meeting stringent performance standards. Hence, the space, aerospace, and military industries are predicted to increase the demand for crystal oscillators. These integral electronic components are essential in producing accurate frequency signals through vibrating crystals made of piezoelectric material. The increasing demand for crystal oscillators in different sectors is driven by the mechanical resonance facilitates by these components.
Crystal oscillators found greater use in deep space applications, as demonstrated by NASA’s Jet Propulsion Lab’s deployment of a deep space atomic clock in 2019, which integrated a crystal oscillator. The adoption of this crystal oscillator presented superior accuracy and stability compared to alternative oscillators previously employed.
The automotive manufacturers have engaged in the development of ultra-low phase noise crystal oscillators personalized for automotive applications. These crystal oscillators are extensively utilized in different automotive systems, including anti-locking systems, tire pressure monitoring systems, and brake controls, among others because of their versatility in enhancing automotive functionality. The demand for crystal oscillators in automotive applications is rising due to the real-time results and high frequency strength demanded for different functionalities. Moreover, their role in autonomous driving, such as serving as reference clocks with frequencies in the 100 MHz range for advanced driver-assistance systems cameras and light detection and ranging, highlights the high-speed management, and high radio frequency needs.
The crystal oscillator demand has surged with the widespread adoption of Bluetooth, and WiFi combo chipsets in smartphone applications. Given the growing prevalence of crystal oscillator applications in consumer products, the consumer electronics market is predicted to witness substantial growth in the forecast period. In 4G and 5G networks, high data rate transmission is essential, and the significance of timing and clocking becomes paramount, leading to a growing need for oscillators. Oscillators in SONET SDH, demand a high-stability system clock to safeguard time slips and mitigate the risk of data loss.
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Integrating a quartz crystal oscillators circuit in a network is important for developing network effectiveness and ensuring stable operation. The precision provided by quartz crystal oscillators develops the reliability of network. Crystal clocks integrated with clock circuits to confirm optimal performance and effectiveness of circuit components. Constant updates to crystal oscillators are necessary to address the latest specifications of 5G devices. Different nations moving toward the construction of 5G infrastructure results in increase need for crystal oscillator technology is predicted to rise in the forecast period.
Meanwhile, meeting the demand for smaller and more integrated devices presents challenges in accomplishing high performance in miniaturized crystal oscillators. These oscillators can be sensitive to temperature fluctuations, and disruptions in the supply chain can further negatively impact market growth. Whereas, the crystal oscillator market trends are exhibiting growth and recovery, with many suppliers investing in the development of mid to high crystals and crystal oscillators, specifically in anticipation of the telecom market. This positive outlook is predicted to contribute to the global crystal oscillator market.
Although silicon-based timing devices presently may not match the superiority of crystal oscillators for certain tasks, they are steadily advancing and replacing them in different scenarios. As mass production becomes more cost-effective and accessible, this shift is predicted to offer enhanced coordination within the industry. Presently, developers are predicting low jitter and higher frequencies in oscillators, while buyers seek quick delivery and low cost. Timely oscillator solutions can deliver the desired high performance, to decrease design steps to confirm cost-effective solutions. Crystal oscillator manufacturers are struggling to address the gap between cost-effective purchasing and high-level performance by combining conventional crystal technology with configurable oscillator technology. Hence, the crystal oscillator market future is predicted to benefit from the expansion of the consumer electronics industry.
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The VCXO general circuitry is estimated to rise at the fastest rate in the forecast period
The voltage-controlled crystal oscillator (VCXO) general circuitry segment growth is predicted to accomplish the highest CAGR in the forecast period. VCXO crystal oscillators are important in applications need high-precision timing, specifically in sectors such as aerospace, defense, and telecommunications. The growing demand for applications demanding high-precision timing, coupled with the rising integration of wireless technologies including WiFi, 4G, and 5G, is predicted to propel the need for VCXO crystal oscillators. These technologies rely on precise timing for optimal operation, supporting to the growing prevalence of VCXO crystal oscillators in the market.
AT crystal cut is predicted to hold the largest market size in the forecast period
The AT crystal cut is estimated to hold highest CAGR by crystal cut in the forecast period because they are prominent for their high reliability and long operational life, making them essential in applications where component failure and downtime are intolerable, specifically in segments such as defense, aerospace, and telecommunications. AT cut crystals are widely used in electronic systems because they come in different frequencies, making them suitable for different applications. The flexibility in frequency selection and compatibility with complementary metal-oxide-semiconductor technology further enables for continuous integration into digital circuits commonly used in modern electronics.
The consumer electronics segment is anticipated to hold the largest CAGR in the crystal oscillator market by application, in the forecast period
The consumer electronics segment in the market is predicted to present the highest CAGR in the forecast period. This is driven the growing demand for luxurious consumer devices leading the requirement for precise timing and frequency control to achieve optimal performance. The Internet of Things constitutes a network of physical automated devices, home appliances, vehicles, and several other items equipped with software, sensors, connectivity, actuators, and electronics. This integration allows these objects to connect and exchange data. In IoT devices, crystal oscillators are delivering real-time and frequency control, enabling the continuous connectivity.
Asia Pacific region is predicted to be the speediest-growing market for crystal oscillators market
Asia Pacific region is predicted to register the market due to the growing use of electronic components in the automotive, which is driving the need for crystal oscillators. These oscillators find application in different automotive systems, including airbag systems, driver-assistance systems, and engine control modules. Asia Pacific, with key manufacturing regions such as Japan, China, Taiwan, and South Korea serves as a foremost electronics manufacturing hub. In Japan, crystal oscillator providers have made efforts to increase their availability of crystal oscillators in the production of consumer electronics and electronic equipment and raise the integration rate of voltage-controlled oscillators around the market. For instance, in 2016, Vectron International and Kyocera Crystal Device joined hands to distribute precision oscillators across Japan.
Additionally, the significant rise in consumer electronics demand, increase in purchasing power of consumers, and expansion in the automotive industry in developing nations will drive the demand for crystal oscillators in the forecast period.
Top Market Players
Various notable players operating in the market include Murata Manufacturing Co. Ltd, Kyocera Corporation, Seiko Epson Corporation, Vectron International Inc. (Microchip Technology), Rakon Ltd, TXC Corporation, SiTime Corporation, Daishinku Corp., Siward Crystal Technology Co. Ltd, Hosonic Electronic Co. Ltd among others.
Key Developments
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- In 2023, SiTime Corporation established SiTime Epoch Platform to solve the intricated timing problems in electronics and disorder quartz-based technology which was nearly 100 years old.
- In 2023, SiTime Corporation disclosed a new member, SiT5543 into the field-proven Endura MEMS ruggedized Super-TCXO family to provide an efficient 20x enhancement in strength over the prevailing open market.
- In 2023, Microchip Technology Incorporated announced a USD 300 million multi-year investment plan to expand its functionality across India and launch different CSR programs personalized to regional requirements.
- In 2022, Kyocera Corporation stated a plan to construct the largest manufacturing facility in Japan to extend the production capacity of components such as crystal device packages, and organic semiconductor packages.
Segments covered in the Report:
The Global Crystal Oscillator Market has been segmented on the basis of Mounting Scheme, Crystal Cut, Type and Application. Based on the Mounting Scheme, the market is segmented into Surface Mount, Through-Hole. Based on the Crystal Cut, the market is segmented into AT Cut, BT Cut, SC Cut, Others. Based on the Type, the market is segmented into Temperature Compensated Crystal Oscillator (TCXO), Voltage Controlled Crystal Oscillator (VCXO), Simple Packaged Crystal Oscillator (SPXO), Oven Controlled Crystal Oscillator (OCXO), Frequency Controlled Crystal Oscillator (FCXO), Other Types. Based on the Application, the market is segmented into Telecom & Networking, Consumer Electronics, Military & Aerospace, Research Measurement, Industrial, Automotive, Healthcare.
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Report Coverage |
Details |
Market Revenues (2022) |
USD 2.9 Billion |
Market Base Year |
2022 |
Market Forecast Period |
2023-2030 |
Base Year & Forecast Units |
Revenues (USD Billion) |
Market Segment | By Mounting Scheme, By Crystal Cut, By Type, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Murata Manufacturing Co. Ltd, Seiko Epson Corporation, Kyocera Corporation, Rakon Ltd, Vectron International Inc. (Microchip Technology), TXC Corporation, SiTime Corporation, Daishinku Corp., Siward Crystal Technology Co. Ltd, Hosonic Electronic Co. Ltd, among others; a total of 12 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Crystal Oscillator Market by Mounting Scheme
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- Surface Mount
- Through-Hole
Global Crystal Oscillator Market by Crystal Cut
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- AT Cut
- BT Cut
- SC Cut
- Others
Global Crystal Oscillator Market by Type
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- Temperature Compensated Crystal Oscillator (TCXO)
- Simple Packaged Crystal Oscillator (SPXO)
- Voltage Controlled Crystal Oscillator (VCXO)
- Frequency Controlled Crystal Oscillator (FCXO)
- Oven Controlled Crystal Oscillator (OCXO)
- Other Types
Global Crystal Oscillator Market by Application
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- Telecom & Networking
- Consumer Electronics
- Military & Aerospace
- Research Measurement
- Industrial
- Automotive
- Healthcare
Global Crystal Oscillator Market by Region
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North America Crystal Oscillator Market (Option 1: As a part of the free 25% customization)
- By Mounting Scheme
- By Crystal Cut
- By Type
- By Application
- US Market All-Up
- Canada Market All-Up
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Europe Crystal Oscillator Market (Option 2: As a part of the free 25% customization)
- By Mounting Scheme
- By Crystal Cut
- By Type
- By Application
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
-
Asia-Pacific Crystal Oscillator Market (Option 3: As a part of the free 25% customization)
- By Mounting Scheme
- By Crystal Cut
- By Type
- By Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
-
RoW Crystal Oscillator Market (Option 4: As a part of the free 25% customization)
- By Packaging Platform
- By End-user Industry
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
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Global Crystal Oscillator Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Murata Manufacturing Co. Ltd
- Seiko Epson Corporation
- Kyocera Corporation
- Rakon Ltd
- Vectron International Inc. (Microchip Technology)
- TXC Corporation
- SiTime Corporation
- Daishinku Corp.
- Siward Crystal Technology Co. Ltd
- Hosonic Electronic Co. Ltd
Related Reports
- Published Date: Dec-2023
- Report Format: Excel/PPT
- Report Code: UP3612-001001
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Crystal Oscillator Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
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