Press release
Crystal Oscillators Market: Exponential Growth, CAGR and Major Market Drivers
Crystal Oscillators Market
What is The Projected Market Size Of The Global Crystal Oscillators Market And Its Growth Rate?
The crystal oscillators market metrics are promising with significant growth projections:
• The market was worth $3.16 billion in 2024 and is projected to hit $3.32 billion in 2025, marking a CAGR of 5.0%.
• This growth can be attributed to the expansion of telecommunications, consumer electronics boom, military and defense applications, and the growth of the medical device market.
• The market is expected to continually grow to $4.21 billion in 2029 at a CAGR of 6.1%.
• The driving trends for the forecast period include the rise in electric vehicles, space exploration initiatives, autonomous vehicles, high-performance computing, and the demand for miniaturized oscillators.
What Is Driving The Growth In The Crystal Oscillators Market?
The growth of the crystal oscillators market is linked with the continuous penetration of smartphones and tablets. Almost all mobile phones nowadays come with two crystal oscillators, one for sleep-mode timing adjacent to the processor and a second device for power management chips. As such, they find widespread use in these devices on account of technical advantages like low cost and energy efficiency. To illustrate, Ericsson, a Sweden-based telecommunications and networking company reported that the number of smartphone users rose from 3.62 billion in 2022 to 4.25 billion in 2023, reflecting an approximate growth of 17.4%. Consequently, the increased penetration of smartphones and tablets is expected to boost demand for crystal oscillators during the forecast period.
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Who Are the Key Players Driving Crystal Oscillators Market Growth?
The following major companies are largely leading the growth in the crystal oscillators market:
• 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
What Are The Key Trends In The Crystal Oscillators Market?
Notable trends in the crystal oscillators market include:
• Surface Mount Technology (SMT) oscillators
• MEMS oscillators
• High-frequency oscillators
• Voltage-controlled oscillators
• Low-noise oscillators
• Automotive-grade oscillators
What Are The Segments Of The Global Crystal Oscillators Market?
The crystal oscillators market is categorized into the following segments:
• 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
• By Mounting Scheme: Surface Mount, Through-Hole
• By Application: Telecom And Networking, Consumer Electronics, Military And Aerospace, Research And Measurement, Industrial, Automotive, Medical Equipment
Which Region Leads The Crystal Oscillators Market?
Asia-Pacific was the largest region in the crystal oscillators market in 2024 and is projected to be the fastest-growing region in the forecast period. The crystal oscillators market report also covers regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Crystal Oscillators Market Global Market Report?
- Market Size Analysis: Analyze the Crystal Oscillators Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Crystal Oscillators Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Crystal Oscillators Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Crystal Oscillators Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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