The crystal oscillators market size has experienced significant growth in recent years, progressing from $3.04 billion in 2023 to $3.21 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.8%. This growth during the historic period is attributed to the expansion of telecommunications, the boom in consumer electronics, military and defense applications, and the growth of industrial automation and medical device markets. The market is projected to grow to $4.05 billion by 2028, with a CAGR of 6.0%. The anticipated growth is fueled by the rise in electric vehicles, space exploration initiatives, increasing use in autonomous vehicles, demand for high-performance computing, and the need for miniaturized oscillators. Major trends include surface mount technology (SMT) oscillators, MEMS oscillators, high-frequency oscillators, voltage-controlled oscillators, low-noise oscillators, and automotive-grade oscillators.
Major Driver In The Crystal Oscillators Market
The crystal oscillators market is poised for growth due to the increasing penetration of smartphones and tablets. Presently, all mobile phones feature two crystal oscillators, serving purposes like maintaining sleep-mode timing and supporting power management chips. Widely adopted in mobile devices for their technical advantages, such as cost-effectiveness and energy efficiency, crystal oscillators are in high demand. According to Gartner Inc.'s study, global smartphone sales witnessed a 6% increase from 2020 to 2021, rebounding from a 12.5% decline in the preceding year due to the COVID-19 pandemic. This consistent surge in mobile phone sales is expected to fuel the demand for crystal oscillators, reflecting positively on the market size in 2023, 2024, and 2028.
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Crystal Oscillators Market Competitive Landscape
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
Key Crystal Oscillators Market Trend
Technological advancements are a prominent trend in the crystal oscillators market. Leading companies are concentrating on developing innovative technological solutions to meet the rapidly growing demand and solidify their market positions. For instance, in July 2021, Epson America Inc., a manufacturer from California, introduced the SG2520CAA quartz oscillator, which supports high temperatures of up to +125 °C. These oscillators are designed for automotive and high-reliability applications, offering low power consumption and wide operating voltage (1.6~3.63V), enhancing advanced driver assistance systems and overall driving comfort.
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Crystal Oscillators Market Segmentation
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
By Geography:The regions covered in the crystal oscillators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the crystal oscillators market in 2023.
The Crystal Oscillators Global Market Report 2024 furnishes information about the global crystal oscillators market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
