Oven-Controlled Crystal Oscillator (OCXO) Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The oven-controlled crystal oscillator (OCXO) market is projected to grow from USD 464 million in 2023 to USD 528 million by 2028; it is expected to grow at a CAGR of 2.6% from 2023 to 2028. The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO market.

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In 2022, the surface mount segment held a larger share of the OCXO market during the forecast period. The surface mount method incurs higher capital investments, as it requires advanced technologies and skills to solder the components on PCB. Due to less number of leads, a surface-mount device is smaller than a through-hole device. This method is largely used in the industry because of its advantages, such as higher component density per unit, lower cost of unit assemblies, and higher unit production. Moreover, The surface-mount method of manufacturing crystal oscillators provides better mechanical performance under shake and vibration conditions.

In 2022, the EMXO segment held a larger share of the OCXO market. Evacuated crystal oscillators (EMXO) are used in aerospace and defense systems such as satellites, spacecraft, missiles, and radar systems. These systems frequently feature high amounts of electromagnetic interference, dramatic temperature changes, and vacuum conditions.

The OCXO market for telecommunication and networking applications is expected to grow at the highest CAGR from 2023 to 2028. OCXOs incorporate temperature control mechanisms that maintain a constant operating temperature for the quartz crystal oscillator. This temperature stability minimizes the frequency variations caused by ambient temperature changes, resulting in consistent and accurate frequency outputs. This feature is particularly important in telecommunication and networking environments where temperature fluctuations can occur due to varying operating conditions or environmental factors.

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Asia Pacific is projected to account for the largest share of the OCXO market in 2028. The market growth in Asia Pacific can be attributed to the increasing investments by manufacturers of OCXO in emerging economies and rising demand from telecommunication and networking application. Also, the presence of prominent OCXO manufacturers such as Seiko Epson Corporation, Daishinku Corp., SiTime Corporation, and NIHON DEMPA KOGYO CO., LTD.

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This release was published on openPR.