Crystal Oscillators Market Analysis

The Crystal Oscillators Market Size was valued at USD 5.5 billion in 2022. The Crystal Oscillators market industry is projected to grow from USD 5.84 Billion in 2023 to USD 9.45 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.20% during the forecast period (2023 - 2032)

Multiple Factors to Boost Market Growth

Crystal oscillators operate on the inverse piezoelectric effect principle, which states that an alternating voltage placed throughout the crystal surfaces causes the crystal to vibrate at its natural frequency. These oscillators are often formed of Quartz crystal, which is abundant and mechanically strong in comparison to other crystals. Volatility in temperature, variations in load, and changes in the DC power supply voltage are all factors that affect an oscillator's frequency stability. Factors like increased consumer electronics demand for crystal oscillators and rising usage of infotainment systems in automobiles are anticipated to drive the global crystal oscillator market. Furthermore, the development of 5G networks has offered various chances for crystal oscillator market manufacturers during the forecast period.

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Market Segmentation

The worldwide crystal oscillators industry has been segmented based on crystal cut, type, mounting, and end user.

By crystal cut, the worldwide crystal oscillators industry has been segmented into AT cut, BT cut, GT cut, SC cut, and others.

By type, the worldwide crystal oscillators industry has been segmented into simple-packaged crystal oscillator (SPXO), frequency-controlled crystal oscillator (FCXO), temperature-compensated crystal oscillator (TCXO), voltage-controlled crystal oscillator (VCXO), oven-controlled crystal oscillator (OCXO), and others.

By mounting, the worldwide crystal oscillators industry has been segmented into surface mount and thru hole.

By end user, the worldwide crystal oscillators market has been segmented into consumer electronics, aerospace and defense, automotive, telecom and networking, scientific research, industrial, and others.

Regional Analysis

APAC to Lead the Global Market

In 2019, Asia Pacific dominated the global crystal oscillators market, and this dominance is likely to continue during the forecast period. The growing use of advanced electronics in automotive and infotainment systems is likely to drive the growth of the Asia-Pacific crystal oscillators market.

Key Players

MRFR has recognized the key players in the global crystal oscillators market. These include Mercury Electronic Ind. Co., Ltd. (Taiwan), Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co., Ltd. (Japan), TXC Corporation (Taiwan), Daishinku Corp. (Japan), Microchip Technology Inc. (US), Kyocera Crystal Device Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), River Eletec Corp. (Japan),Hosonic Electronic Co., Ltd. (Taiwan), SiTime Corporation (US), SiWard Crystal Technology Co., Ltd. (Taiwan), Rakon Ltd. (New Zealand), Fox Electronics (US), Greenray Industries, Inc. (US), Bliley Technologies Inc. (US), MTI-Milliren Technologies, Inc. (US), Vishay Intertechnology, Inc. (US), QVS Tech, Inc. (US), Nippon Crystal, Inc. (US), Ecliptek LLC (US), and Vectron (US). These players are focused on innovation and, as a result, invest in R&D to provide a cost-effective product portfolio. Recent mergers and acquisitions among significant competitors have allowed various business entities to expand their customer reach.

Industry News

In May 2020, Microchip Technology Inc. released the new 53100A Phase Noise Analyzer, a next-generation phase noise test device for precision oscillator characterization. The 53100A allows research and manufacturing engineers to measure frequency signals precisely and accurately, involving those provided by atomic clocks and other high-performance frequency reference modules and subsystems.

In April 2020, IQD unveiled a new series of GNSS-disciplined oven-controlled crystal oscillators (OCXOs), the IQCM-112 series. The new design involves an integrated GNSS receiver with a 1PPS output that can be used with an external GPS, BeiDou, GLONASS, or Galileo source. It is housed in a 60-millimeter-square 14-pin package.

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