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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 |
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Base Year: | 2023 |
Crystal Oscillator Market Size in 2023: | USD 2.5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 2% |
2032 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.