How Has the Crystal Oscillators Market Size Evolved in Recent Years?
The crystal oscillators market has seen considerable growth due to a variety of factors.
• In recent times, the market size for crystal oscillators has seen a consistent increase. It's anticipated to expand from a valuation of $3.16 billion in 2024 to $3.32 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.0%.
Factors such as the proliferation of telecommunications, the surge in consumer electronics, applications in military and defense, industrial automation, and growth in the medical device market have contributed to this historical growth.
How Does the Forecast Look for the Crystal Oscillators Market?
The crystal oscillators market is expected to maintain its strong growth trajectory in upcoming years.
• The crystal oscillators market is projected to experience robust growth in the forthcoming years, scaling up to $4.21 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%.
This projected growth over the forecast period can largely be ascribed to the surge in the demand for electric vehicles, the emerging interest in space exploration, increased usage in self-driving cars, the requirement for high-performance computing, and the demand for miniaturized oscillators. The key trends expected to shape this market in the prediction period include surface mount technology (SMT) oscillators, MEMS oscillators, high-frequency oscillators, voltage-controlled oscillators, low-noise oscillators, and automotive-grade oscillators.
Which Factors Are Boosting Growth In The Crystal Oscillators Market?
The crystal oscillators market is predicted to grow due to the rise in the use of smartphones and tablets. At present, each mobile device houses two crystal oscillators, one for keeping the sleep-mode timing close to the processor, and the other implemented in power management chips. Their cost-effectiveness and energy efficiency make them a popular choice in mobile phones and tablets, giving them an edge over their competitors. For example, as per the reports of Ericsson, a telecom and networking company based in Sweden, the count of smartphone users touched 3.62 billion in 2022 before escalating to 4.25 billion in 2023. This prompts an approximate 17.4% uptrend, thereby demonstrating the swift global upsurge in smartphone usage. Consequently, the escalating use of smartphones and tablets is projected to drive up the demand for crystal oscillators in the future.
How Are The Segments Defined Within The Global Crystal Oscillators Market?
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
Subsegments:
1) By Temperature Compensated Crystal Oscillator (TCXO): Standard TCXO, Ultra-Low Phase Noise TCXO
2) By Simple Packaged Crystal Oscillator (SPXO): Through-Hole SPXO, Surface Mount SPXO
3) By Voltage Controlled Crystal Oscillator (VCXO): Analog VCXO, Digital VCXO
4) By Frequency Controlled Crystal Oscillator (FCXO): Fixed Frequency FCXO, Adjustable Frequency FCXO
5) By Oven Controlled Crystal Oscillator (OCXO): Standard OCXO, Low-Power OCXO
6) By Other Types: Microelectromechanical Systems (MEMS) Oscillators, Digital Oscillators, Harmonic Oscillators
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How Are New Trends Expected To Influence The Growth Of The Crystal Oscillators Market Landscape?
Top firms in the crystal oscillators market are prioritizing new and enhanced production methods like the stable reference crystal oscillators to boost product functionality and increase energy efficiency. A stable reference crystal oscillator is an instrument that creates a precise frequency signal necessary in ensuring a dependable time or frequency reference in electronic systems, particularly in fields such as telecommunications, navigation, and instrumentations. To exemplify, Euroquartz Ltd., a firm based in England specializing in electronics, announced the creation of the Statek MTXO crystal oscillators in September 2023. These oscillators, designed for high-demand applications in industries such as defense, aerospace, and industrial sectors, offer primary frequencies between 10 and 50 MHz and can remain stable up to ±5 ppm. Moreover, they exhibit ultra-low jitter, can withstand shocks as high as 75,000 g, and are compactly contained in a 3.2 x 2.5 mm package. They are equipped with a 3.3V DC supply that ensures low power consumption and meet the MIL-PRF-55310 standards. They can be utilized in areas like RF telemetry, telecommunications, navigation, and instrumentations.
Who Are the Key Players in the Crystal Oscillators Market?
Major companies operating in the crystal oscillators market include:
• 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 Is The Most Dominant Region In The Crystal Oscillators Market?
Asia-Pacific was the largest region in the crystal oscillators market in 2024. 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.
