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Global Crystal Market : Demand, Trend, Innovations, Applications and Growth 2022-2031

08-22-2022 06:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

The global quartz crystal market was valued at US$ 4.69 Bn in 2021. It is estimated to expand at a CAGR of 6.8% from 2022 to 2031. The global quartz crystal market is expected to reach a value of US$ 8.83 Bn by the end of 2031.

Consumer electronics make extensive use of quartz, and quartz resonators are utilized as high-performance resonators in oscillators and filters. Quartz is able to provide resonant electronic components with exceptionally high levels of Q for use in filters and oscillators in electronic circuit designs. Consequently, usage of quartz crystal has increased in consumer electronics devices including smartphones, PCs, TVs, smart speakers, VR headsets, smartphone accessories, tablets, wearables, and game consoles.

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Crystal oscillators are necessary in almost every electronic system for the system to operate normally, due to its excellent performance and low cost. The key factor that makes crystal oscillators necessary in consumer electronic systems is time accuracy. For instance, a crystal oscillator is required to act as a clock signal when a microprocessor-based system issues or receives commands, stores or sends data, or communicates with other devices through external interfaces.

Some of the key players developed products for consumer electronics and other industries, which contribute to the growth of the market for crystals. For instance, Diodes Incorporated provides crystal oscillators to various application devices in diverse consumer electronics, ranging from small and powerful mini-computer & mobile devices to large LCD TVs and household appliances, such as dishwasher and washing machines.

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However, the frequency stability of si-MEMS oscillators is still many times lesser than crystal oscillators, especially oven-controlled crystal oscillators, which may hamper the quartz crystal market

Demand for quartz crystal is expected to rise substantially owing to a rise in rate of adoption of crystals in the telecommunication sector, especially for network communication applications. Increase in deployment of 5G network globally is one of the significant factors that is projected to drive the quartz crystal market size in the next few years. Furthermore, crystals are available in low and medium voltage, thus they are utilized in portable telephones, cellular phones, communications equipment, cellular radios, and in aerospace and two-way radio communications.

Increase in investment and funding for the adoption of 5G network in developed and developing countries propels the market. For instance, in April 2022, SoftBank Corp. announced its intention to use a Social Loan to raise up to US$ 256.47 Mn, particularly for 5G base station construction-related capital costs. The loan's proceeds would be used to improve SoftBank's 5G network and address numerous social issues in Japan.

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Key players in the market also emphasize on the development of products to cater to applications in the telecom sector. For instance, in September 2021, Abracon, LLC, a global manufacturer of frequency control, timing, synchronization, RF, connectivity and power solutions, expanded its portfolio of SMD oven-controlled crystal oscillators (OCXO), with the AOC2012, AOC1409 and AOC2522A/AOC2522B. This family of OCXOs is perfect for 5G or GPS applications, such as base stations, small cell platforms, internet data centers, satellite and aerospace communications, which demand high frequency stability with low phase noise and precision holdover performances.

The global quartz crystal market is consolidated with a small number of large-scale vendors controlling the majority of the market share. A majority of the firms are spending significantly on comprehensive research and development, and new product development. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by key players. Abracon, ACTE A/S, Diodes Incorporated, DK Photonics, KYOCERA Crystal Device Corporation, Micro Crystal AG, Microchip Technology Inc., Nihon Dempa Kogyo Co., Ltd., RIVER ELETEC CORPORATION, Seiko Epson Corporation, SiTime Corporation, and TXC Corporation are the prominent entities operating in the market.

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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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