Press release
Crystal Oscillators Market Size, Future Trends, Key Growth Drivers, Share Analysis And Forecast To 2033
Crystal Oscillators Market
The crystal oscillators market size is expected to see strong growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rise in electric vehicles, space exploration initiatives, growing use in autonomous vehicles, demand for high-performance computing, demand for miniaturized oscillators. Major trends in the forecast period include surface mount technology (SMT) oscillators, MEMS oscillators, high-frequency oscillators, voltage-controlled oscillators, low-noise oscillators, automotive-grade oscillators.
Market Overview -
The crystal oscillators refer to an electronic oscillator circuit, which utilizes crystal as a frequency selective element to generate the inverse piezoelectric effect. Crystal oscillators are primarily used in digital integrated circuits to provide a stable clock signal and in specific applications requiring a high-frequency reference.
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Increasing Penetration Of Smartphones And Tablets
Increasing penetration of smartphones and tablets is expected to propel the growth of the crystal oscillators market. Currently, all mobile phones are equipped with two crystal oscillators, one to maintain sleep-mode timing adjacent to the processor and the second device is used in power management chips. They are widely used in mobile phones and tablets due to their technical advantages over other compatriots such as low cost and energy efficient. For instance, according to the study published by Gartner Inc., smartphone sales across the globe increased by 6% during 2020-2021, after a decline of 12.5% during 2019-2020 due to the COVID-19 pandemic. Therefore, the constant increase in sales of mobile phones is expected to boost demand for crystal oscillators during the forecast period.
Competitive Landscape -
Major companies operating in the crystal oscillators market report are Kyocera Corporation, Murata Manufacturing Co. Ltd, Fox Electronics, Seiko Epson Corporation, River Eletec Corporation, WTL International Limited, Mercury Electronic Ind Co. Ltd., CTS Corporation, Daishinku Corp., TXC Corporation, Hosonic Electronic Co. Ltd, SiTime Corporation, Rakon Ltd, Micro Crystal AG, Siward Crystal Technology Co. Ltd, Raltron Electronics Corporation, Nihon Dempa Kogyo Co. Ltd., Abracon LLC, Statek Corporation, Jauch Quartz GmbH, Crystek Corporation, Ecliptek Corporation, IQD Frequency Products Ltd., ILSI America LLC, Pletronics Inc., KVG Quartz Crystal Technology GmbH, Vectron International Inc., Miyazaki Epson Corporation, Golledge Electronics Ltd., Oscilent Corporation
Technological Advancements and High Reliability Solutions
Technological advancements are a key trend gaining popularity in the crystal oscillators market. Major companies operating in crystal oscillators are focused on developing new technological solutions with high technical capabilities to meet fast-growing demand from end-customer and to strengthen their market position. For instance, in July 2021, Epson America Inc., a California-based manufacturer of printers, system devices, scanners, projectors, and others launched the SG2520CAA quartz oscillator, supporting high-temperature +125 °C. These crystal oscillators are suitable for various automotive-related and high-reliability product applications while having low power consumption and supporting wide operating voltage(1.6~3.63V). This helps in improving advanced driver assistance systems and making driving very comfortable.
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Key Segments -
The crystal oscillators market covered in this report is segmented -
1) By Type: 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
2) By Mounting Scheme: Surface Mount, Through-Hole
3) By Application: Telecom and Networking, Consumer Electronics, Military and Aerospace, Research and Measurement, Industrial, Automotive, Medical Equipment
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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