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Crystal Oscillators Market: In-Depth Analysis of Market Size, Demand Trends, Key Drivers, and Technological Advancements
Crystal Oscillators Market
Crystal Oscillators Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $4.05 billion In 2028 At A CAGR Of 6.0% :
The crystal oscillators market size has grown strongly in recent years. It will grow from $3.04 billion in 2023 to $3.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to telecommunications expansion, consumer electronics boom, military and defense applications, industrial automation, medical device market growth.
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.
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Crystal Oscillators Market Major 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 Driver - 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.
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Prominent Trend - 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.
Crystal Oscillators Market Players
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
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the crystal oscillators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crystal oscillators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Crystal Oscillators Market Report Structure
3. Crystal Oscillators Market Trends And Strategies
4. Crystal Oscillators Market - Macro Economic Scenario
5. Crystal Oscillators Market Size And Growth
…..
27. Crystal Oscillators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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