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Forecast Period
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2024-2028
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Market Size (2022)
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USD 5.8 Billion
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CAGR (2023-2028)
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6.20%
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Fastest Growing Segment
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Consumer Electronics
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Largest Market
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Asia Pacific
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Market Overview
Global Crystal Oscillator Market was valued at USD 5.8 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.20% through 2028. The increasing demand for convenience is driving the application of wireless interconnections, such as remote keyless entry. The application of crystal units and crystal oscillators in automobiles is expected to increase during the forecast period. Crystal devices, such as quartz crystal units and crystal oscillators, have high stability against environmental changes. Therefore, they are used as frequency control devices in electronic circuits. Crystal oscillators are widely used in safety applications, such as brake control, anti-blocking system, airbag, and tire pressure monitoring systems (TPMS). The demand for precision, coupled with growing requirements, improving regulations for safety applications, and the necessity for fast data transmission, is driving the adoption of crystal units and oscillators. The demand for crystal oscillators has increased with the use of WiFi and Bluetooth combo chipsets in smartphone applications. Considering the increasing support for these applications in consumer products, the consumer electronics segment is expected to witness strong potential growth during the forecast period. However, many other variants of oscillators in the market are offering strong competition to quartz crystal oscillators, which acts as a restraint to the market growth. For instance, MEMS resonator-based oscillators increase ruggedness and are smaller compared to crystal oscillators; they have the potential to replace them in many applications. COVID-19 halted the manufacturing operations of many electronic devices, one of the primary areas of applications of crystal oscillators. Besides, the supply chain disruptions caused by the pandemic affected the procurement of raw materials for many major manufacturers. However, with the pandemic-related restrictions easing up in most regions around the world, the market has started picking up and is expected to witness steady growth in the coming years.
Key Market Drivers
Market CAGR for Crystal Oscillators is being driven by the consumption of electronics. The use of wireless connectivity, including remote keyless entry, is being driven by the growing need for comfort in the crystal oscillators industry operations. They serve as frequency-controlling components in the majority of electronic circuits. Since these devices provide efficiency and technological upgradation has generated demand, it is anticipated that an increase in electronics consumption would increase crystal oscillators’ demand. International initiatives like the Paris Agreement also increase demand for modern motor vehicles. Several nations, including the US, are enacting harsher pollution regulations for new car models. As a result, automakers are starting to broaden their company's operations into electric mobility. As a result, there will be an increase in demand for mobility services that require the utilization of crystal oscillators and subsequently will increase demand. The rising market for crystal oscillators experienced a decline due to the temporary closure of manufacturing facilities during COVID-19. Crystal oscillator output has been impacted by global lockdowns, along with country GDPs and per capita incomes. The market's growth has slowed due to the resulting drop in the purchasing power of the general public and the imbalance between the supply and demand mechanisms of the crystal oscillators industry. However, a post-pandemic adaptation of technological advancement and rising information systems lead to the growing demand for crystal oscillators. For instance, the maximum number of oscillators on a standard smartphone or tablet is five. Continuous technical advancements in business processes result in a greater reliance on technology, which spikes the popularity of smartphones and a quick rise in consumer electronic usage. As a result, it is anticipated that demand for crystal oscillators will increase throughout the projection period due to increased electronics consumption. Thus, driving the Crystal Oscillators market revenue.
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Key Market Challenges
Crystal oscillators are essential components in various electronic devices, providing stable and precise timing signals. They play a crucial role in maintaining synchronization and accuracy in numerous applications, including telecommunications, consumer electronics, aerospace, and industrial automation. The global crystal oscillator market has witnessed significant growth over the years, driven by increasing demand for high-performance electronic devices. However, this dynamic market also faces several challenges that impact its growth and future prospects. This article explores the current trends, challenges, and the potential future of the global crystal oscillator market.
Global Crystal Oscillator Market Overview
The global crystal oscillator market has expanded considerably due to the proliferation of electronic devices and the growing need for reliable frequency control solutions. These electronic components generate electrical oscillations at a specific frequency, ensuring precise synchronization and timekeeping. Key market trends and drivers include:
Rising Demand in Consumer Electronics
The increasing consumer demand for smartphones, tablets, wearables, and other electronic gadgets with advanced features necessitates precise timing components like crystal oscillators.
Wireless Communication: The expansion of wireless communication networks, including 4G and 5G, depends on crystal oscillators for maintaining synchronization between devices and base stations. The automotive industry is incorporating more electronics in vehicles for infotainment, safety, and autonomous driving systems, further driving the demand for crystal oscillators. The Internet of Things (IoT) and Industry 4.0 initiatives rely heavily on crystal oscillators for coordinating communication between devices and machines. These sectors require highly reliable and ruggedized crystal oscillators for avionics, radar systems, and military communications.
Challenges in the Crystal Oscillator Market
Despite the significant growth, the global crystal oscillator market faces several challenges that can impact its future growth and evolution. These challenges include: Intense competition in the crystal oscillator market has led to price pressure, reducing profit margins for manufacturers. Price wars can limit investments in research and development.
Miniaturization: The trend towards miniaturization in electronic devices demands smaller, more compact crystal oscillators. Meeting these requirements while maintaining performance is a significant engineering challenge.
Emerging Technologies
The emergence of alternative timing solutions, such as MEMS oscillators and silicon oscillators, poses a threat to traditional crystal oscillators. Supply Chain Disruptions: Global supply chain disruptions, as seen in the wake of the COVID-19 pandemic, can affect the availability of critical components for crystal oscillators.
Environmental Regulations: Stricter environmental regulations have led to the phasing out of certain materials, such as lead-based piezoelectric crystals, which have been widely used in crystal oscillators. Adapting to these regulations can be costly. Maintaining stringent quality control standards is crucial in the crystal oscillator market. Any deviation can result in performance issues and damage the reputation of the manufacturer.
Counterfeit Products: The market has faced challenges related to counterfeit products that can compromise the performance and reliability of electronic devices.
The crystal oscillator market is expected to adapt and grow in response to these challenges. Here are some trends and strategies that may shape the future of this market: Manufacturers will continue to invest in R&D to develop smaller, more efficient crystal oscillators to meet the demands of miniaturized electronics.
Diversification
Companies will diversify their product offerings to include more specialized and customized solutions for specific applications, such as automotive, aerospace, and IoT. While alternative timing solutions pose challenges, some crystal oscillator manufacturers may embrace these technologies or explore hybrid solutions to stay competitive. Manufacturers will work to comply with environmental regulations by developing eco-friendly crystal oscillators and recycling programs for old components. Maintaining high-quality standards and implementing robust quality control processes will be critical to gain and retain the trust of customers.
Supply Chain Resilience: Companies will invest in supply chain resilience by diversifying suppliers and ensuring access to essential materials, reducing vulnerability to disruptions. Counterfeit Detection: Implementation of stricter quality control and certification processes will help combat counterfeit products and ensure the authenticity of components. The global crystal oscillator market has witnessed significant growth due to the proliferation of electronic devices across various industries. However, it faces challenges such as price pressure, miniaturization demands, emerging technologies, and environmental regulations. The future of the market will depend on the ability of manufacturers to innovate, diversify, and adapt to changing industry dynamics. Meeting the evolving needs of consumers and industries will be crucial for sustaining growth in the crystal oscillator market while overcoming the challenges that lie ahead.
Key Market Trends
Crystal oscillators are fundamental electronic components that provide precise and stable timekeeping and frequency control solutions for a wide range of applications. These devices have become an integral part of modern electronics, playing a crucial role in ensuring synchronization, accuracy, and reliability. The global crystal oscillator market has witnessed remarkable growth over the years, driven by the increasing demand for high-performance electronic devices across multiple industries. This article explores the current trends in the global crystal oscillator market, shedding light on key growth drivers and emerging opportunities.
The global crystal oscillator market is expanding rapidly, thanks to the growing need for precise timing components in various applications. Crystal oscillators generate electrical oscillations at a specific frequency, ensuring that electronic devices maintain synchronization and operate with the required accuracy. Several key market trends and drivers are contributing to this growth:
Consumer Electronics
The surge in demand for consumer electronics, including smartphones, tablets, smartwatches, and other gadgets, is a primary driver of the crystal oscillator market. These devices require accurate timing for operations, connectivity, and various features. The telecommunications industry relies heavily on crystal oscillators for maintaining synchronization in wireless networks, including 4G and 5G technologies. The transition to 5G is expected to drive further demand for high-precision timing solutions.
Automotive Electronics
With the increasing integration of electronic components in automobiles for infotainment, safety, and autonomous driving, crystal oscillators have become indispensable for vehicle communication systems and precision timing. The Internet of Things (IoT) and Industry 4.0 initiatives require precise timing components to synchronize devices and sensors. As these technologies continue to evolve, the demand for crystal oscillators is set to grow further.
Aerospace and Defense
The aerospace and defense sectors rely on ruggedized crystal oscillators for avionics, radar systems, and military communications, where precision and reliability are paramount. Developing countries are experiencing an increased adoption of electronic devices, leading to higher demand for crystal oscillators in these regions. Continuous advancements in crystal oscillator technology have resulted in more efficient and stable products, further driving market growth.
Emerging Trends in the Crystal Oscillator Market
Miniaturization: The trend towards smaller and more compact electronic devices, such as wearables and IoT sensors, is driving demand for miniature crystal oscillators. Manufacturers are innovating to meet this need while maintaining performance and precision.
Frequency Control Solutions: Beyond standard crystal oscillators, there is a growing demand for specialized frequency control solutions, including voltage-controlled crystal oscillators (VCXOs) and temperature-compensated crystal oscillators (TCXOs). These are used in applications requiring precise frequency adjustments and temperature stability.
High-Frequency Oscillators: The emergence of 5G technology and the need for high-frequency components are driving the demand for high-frequency crystal oscillators. These components are critical for the stability of 5G networks and devices.
MEMS Oscillators: Micro-Electro-Mechanical Systems (MEMS) oscillators are gaining traction as an alternative to traditional crystal oscillators. MEMS oscillators offer advantages such as smaller size, lower power consumption, and shock resistance.
Silicon Oscillators: Silicon oscillators are being developed as a cost-effective alternative to traditional quartz-based crystal oscillators. They offer good performance and stability for a wide range of applications.
Wireless Connectivity: The growth of wireless devices and applications is driving innovation in crystal oscillator technology, with a focus on energy-efficient designs suitable for battery-powered devices.
Ruggedized Oscillators: For applications in harsh environments, such as aerospace, defense, and industrial settings, there is a growing demand for ruggedized oscillators that can withstand extreme conditions and maintain precision.
Frequency Synchronization: With the increasing importance of network synchronization, especially in 5G and beyond, there is a growing emphasis on precision frequency synchronization solutions, which rely on high-quality crystal oscillators.
Environmental Considerations: Environmental regulations are pushing manufacturers to develop environmentally friendly crystal oscillators and find alternatives to lead-based piezoelectric crystals. Ensuring the highest standards of quality control is essential to maintaining the performance and reliability of crystal oscillators, and manufacturers are investing in robust quality assurance processes.
Conclusion
The global crystal oscillator market continues to expand as electronic devices become more integral to our daily lives. Key drivers include the growing demand for consumer electronics, advancements in telecommunications technology, the rise of IoT and Industry 4.0, and the ever-increasing need for precision timing solutions.
Emerging trends in the market include miniaturization, the development of high-frequency oscillators, the rise of alternative technologies like MEMS and silicon oscillators, and the growing importance of ruggedized and environmentally friendly crystal oscillators.
As technology evolves and applications become more demanding, the crystal oscillator market will continue to adapt, innovate, and diversify to meet the needs of various industries. The market's future is characterized by opportunities for manufacturers to develop specialized solutions that cater to the specific demands of different sectors, all while maintaining the high standards of precision and reliability that crystal oscillators are known for.
Segmental Insights
End User Industry Insights
Consumer Electronics Segment is Expected to Hold the Prominent Share. Frequent new launches of consumer electronic products are expected to fuel the market for crystal oscillators. Crystal oscillators are used in cable television systems, personal computers, digital cameras, radio systems, smartphones, and wearables, among others.
The growing penetration of smartphones is also creating significant demand for crystal oscillators. Usually, a smartphone has one or two 3 x 1.5 mm low-power 32 kHz quartz crystal oscillators, one primarily used for sleep-mode timing next to the baseband processor and the other commonly used to drive the power management chips.
TXC Corporation’s SMD Crystal Oscillators with CMOS Output, 8N, and 8R Series, are designed with specifications of an output frequency range of 4-54 MHz, supply voltage up to 3.63 V, and frequency stability at 25, 50, and 100 ppm, for making them ideal for smartphones and sip modules, among other compact portable consumer products.
Wireless exchange of data has emerged as one of the most important application areas for frequency components. This is applicable to wearables, such as fitness wristbands and smartwatches, which transmit the data to the wearer’s smartphone, as well as to intelligent production machines that communicate with each other as part of IoT applications. In all such cases, quartz crystals provide precise radio frequencies and ensure that the transmitter and receiver are on the same wavelength.
For consumers, while making a purchase, the battery life of wearables is a key factor. In order to maximize the battery life, developers leverage the extended idle time by placing microcontrollers and other power-consuming components in a low-power sleep state. However, even in the lowest power sleep states, the systems need a real-time clock (RTC) to maintain the wall clock time and manage the scheduled events.
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Regional Insights
Asia pacific is dominating the market with the largest market share. China is one of the most significant markets for crystal oscillators globally, owing to its strong position in consumer electronics, semiconductors, and other telecommunication device and equipment manufacturing. The country is one of the most significant consumers and producers of crystal oscillators.
Additionally, several initiatives have been taken in the country in recent years to boost the electronics industry’s growth, which is expected to have a positive impact on the market. For instance, in January 2021, the Chinese government announced plans to expand the domestic market for electronic components to CNY 2.1 trillion (USD 327 billion) by 2023. The plan covers components, materials, and manufacturing equipment used in areas such as smartphones, drones, 5G wireless, connected factories, electric vehicles, robotics, high-speed rail, and aerospace.
South Korea is another significant market for crystal oscillators in the region, owing to the massive adoption of the technology by the end-user industries in the country. Industries like consumer electronics, semiconductors, telecommunication equipment, and 5G services are some of the significant adopters of crystal oscillators.
Over the years, South Korea has maintained its position as one of the world’s top automotive manufacturing countries and one of the largest automotive exporters, owing to the presence of many major car makers in the country. With crystal oscillators being widely used in automotive applications such as brake controls, anti-blocking systems, airbags, and tire-pressure–monitoring systems, the market is expected to grow further in the region.
Japan is among the largest manufacturers of electronic equipment. It is also one of the prominent consumers of voltage-controlled oscillators in Asia-Pacific. The increased level of production of electronic devices due to the rising competition in the market and the growing adoption of VCOs in the production of electronic music devices are among the major factors driving this growth.
Recent Developments
- June 2022: Euroquartz introduced a new range of miniature surface mount TCXOs, EM211T, offering frequency stability from ±2.5 ppm. The new series offers frequencies from 10 to 60 MHz with CMOS outputs in a miniature 2.0 x 1.36 x 0.7 mm SMD package.
- June 2022: Q-Tech Corporation launched the QTCC353 series of miniature SMD crystal oscillators designed to provide improved performance over MEMS devices in a broad range of non-space military, communications, instrumentation, and avionics applications.
- In August 2022, Rakon launched the RPT7050LG, a low g-sensitivity TCXO with high stability in a 7.0 x 5.0 x 1.5 mm package size. With a guaranteed sensitivity of ≤0.1 ppb/g, it is currently one of the most advanced compact low g-sensitivity TCXOs on the market.
- In April 2022, Kyocera Corporation announced a plan to build one of the largest manufacturing facilities it had ever operated in Japan, expanding production capacity for components such as organic semiconductor packages and crystal device packages.
Key Market Players
- TXC Corporation
- Kyocera Crystal Device Corporation
- Daishinku Corp.
- Microchip Technology Inc.
- Murata Manufacturing Co. Ltd.
- Hosonic Electronic Co. Ltd.
- SiTime Corporation
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By Type
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By Mounting Type
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By End-user Industry
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By Region
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- Frequency-controlled Crystal Oscillator
- Voltage-controlled Crystal Oscillator
- Temperature-compensated Crystal Oscillator
- Simple Packaged Crystal Oscillator
- Oven-controlled Crystal Oscillator
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- Consumer Electronics
- Automotive
- Telecom and Networking
- others
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- North America
- Europe
- South America
- Middle East & Africa
- Asia Pacific
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Report Scope:
In this report, the Global Crystal Oscillator Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Crystal Oscillator Market, By Type:
o Frequency-controlled Crystal Oscillator
o Voltage-controlled Crystal Oscillator
o Temperature-compensated Crystal Oscillator
o Simple Packaged Crystal Oscillator
o Oven-controlled Crystal Oscillator
- Global Crystal Oscillator Market, By Mounting Type:
o Surface Mount
o Thru-hole
- Global Crystal Oscillator Market, By End-user Industry:
o Consumer Electronics
o Automotive
o Telecom and Networking
o others
- Global Crystal Oscillator Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Asia-Pacific
§ China
§ India
§ Japan
§ South Korea
§ Indonesia
o Europe
§ Germany
§ United Kingdom
§ France
§ Russia
§ Spain
o South America
§ Brazil
§ Argentina
o Middle East & Africa
§ Saudi Arabia
§ South Africa
§ Egypt
§ UAE
§ Israel
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Crystal Oscillator Market.
Available Customizations:
Global Crystal Oscillator Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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