Crystal Oscillator Market
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Crystal Oscillator Market was valued at over USD 2.5 billion in 2023 and is anticipated to grow at a CAGR of over 2% between 2024 and 2032. The growing trend toward smaller & more compact electronic devices has increased the need for tiny crystal oscillators. Smaller-sized (miniature) crystal oscillators meet the changing needs of contemporary, space-constrained electronic systems, such as wearables, IoT devices, and portable gadgets, by providing accurate time in a small package.
For instance, in June 2022, Euroquartz launched a new range of miniature surface mount Temperature-compensated Crystal Oscillators (TCXO) offering frequency stability of ±2.5ppm. The new EM211T series offers frequencies from 10 to 60MHz with CMOS outputs in a miniature 2.0 x 1.36 x 0.7mm SMD package. The new EM211T series oscillators are ideal for use in a wide range of applications where high accuracy is important with the miniature package making these TCXOs particularly suitable for embedded systems.
A crystal oscillator is an electronic device that generates precise and stable electrical frequencies through the mechanical vibrations of a quartz crystal. Widely used in electronic circuits, these oscillators provide accurate timing for various applications including telecommunications, consumer electronics, and industrial systems, ensuring synchronization & reliability in electronic devices.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Crystal Oscillator Market Size in 2023: | USD 2.5 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 2 |
| 2023 Value Projection: | Over USD 3.5 Billion |
| Historical Data for: | 2018 - 2023 |
| No of Pages: | 220 |
| Tables, Charts & Figures: | 362 |
| Segments Covered: | Type, Cut, Frequency, End Use, and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The crystal oscillator market strongly relies on a few vendors, which may disrupt the supply chain, thereby impacting both manufacturing & delivery. Disruptions can have a big impact on crystal oscillator availability and price such as shortages or production delays from important suppliers. This risk emphasizes how crucial it is to diversify the supplier base and create plans to reduce any potential interruptions in the intricately linked semiconductor sector.
The COVID-19 pandemic affected the crystal oscillator market in various ways. The global manufacturing and supply chain disruptions presented difficulties, but the market was buoyed by the growing demand for electronics, particularly in the healthcare & remote work sectors. Uncertainties were brought about by the changes in demand, manufacturing closures, and supply chain restrictions. Though there were some operational difficulties, the increased use of electronic devices during lockdowns had a beneficial impact on the market and highlighted their adaptability & resilience in unusual situations.
The trend toward smaller electronic devices is driving a surge in the demand for miniaturization in the crystal oscillator industry. Oscillators based on Micro-Electro-Mechanical Systems (MEMS) are becoming more popular owing to their compact design and low power consumption. Furthermore, the market is becoming more innovative & adaptable owing to the increased focus on high-frequency applications, particularly in 5G, automotive radar systems, and high-speed communication.
FCXOs are increasingly being used in precision applications such as radio communication systems. Customizable and programmable crystal oscillators that adapt to individual application needs are a market trend. The emergence of SiMEMS technology is noteworthy, as it provides advances. Furthermore, the demand for tiny devices is driving crystal oscillator miniaturization, notably in wearables, IoT, and mobile applications. These developments represent the industry's emphasis on accuracy, adaptability, and technical innovation.
Based on cut, the market is segmented into AT, BT, SC, CT, and others. The SC segment dominated the market in 2023 with a market share of over 30%.
Based on type, the market is segmented into XO - Clock Oscillator, VCXO - Voltage Controlled Crystal Oscillator, TCXO - Temperature Compensated Crystal Oscillator, VCTCXO - Voltage Controlled Temperature Compensated Crystal Oscillator, and OCXO - Oven Controlled Crystal Oscillator. The VCXO - Voltage Controlled Crystal Oscillator segment is anticipated to register a CAGR of over 1.5% through 2032.
North America dominated the global crystal oscillator market with a share of over 30% in 2023. North America's proven leadership in the aerospace industry is expected to fuel the regional semiconductor market growth. The expansion is further facilitated by government efforts that foster technological innovation and rising research & development expenditures. Furthermore, the strong presence of defense contractors and aerospace manufacturers is also fueling the market for state-of-the-art semiconductor technologies. Owing to its focus on sophisticated automation, defense applications, and aviation safety, North America is positioned to become a major hub for semiconductor growth in the rapidly expanding aircraft business.
Players operating in the crystal oscillator industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.
Some of the major players operating in the crystal oscillator industry are:
Market, By Type
Market, By Cut
Market, By Frequency
Market, By End Use
The above information is provided for the following regions and countries:
Daishinku Corp., Kyocera Corporation, Microchip Technology Inc., Murata Manufacturing Co. Ltd, Nihon Dempa Kogyo (NDK) Co. Ltd, Seiko Epson Corporation, and TXC Corporation are some of the crystal oscillator companies worldwide.
The SC cut segment held over 30% share of the crystal oscillator industry in 2023 and is expected to register a commendable CAGR from 2024-2032 owing to their low sensitivity to mechanical & thermal stress to cater to vivid applications in high temperatures.
Market size for crystal oscillator crossed USD 2.5 billion in 2023 and is expected to register over 2% CAGR from 2024-2032 due to the growing trend of smaller & more compact electronic devices worldwide.
North America held over 30% share of the crystal oscillator industry in 2023 and is expected to register commendable CAGR from 2024-2032 due to rising government efforts to foster technological innovation and rising research & development expenditures in the region.