Crystal Oscillators Market to reach USD 3.8 Bn by 2030, growing at a CAGR of 5.4 percent and forecast (2024-2030)
Maximize Market Research, an international business & consultancy firm has recently published a research report on the “Crystal Oscillators Market”. The total global market size for the Crystal Oscillators Market was valued at USD 3.8 Bn in 2023 and is expected to grow at a CAGR of 5.4 percent over the forecast period to reach USD 5.49 Bn by 2030.
Market Size in 2023: USD 3.8 Billion
Market Size in 2030: USD 5.49 Billion
CAGR: 5.4 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 220
No. of Tables: 137
No. of Charts and Figures: 196
Segment Covered: By Type, Mounting Scheme, Crystal, and End-Users
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Crystal Oscillators Market Report Scope and Research Methodology
The report covers the regional and country-level analysis of the Crystal Oscillators Market. The report provides the market size and CAGR. The report provides market dynamics including market size, value, volume, revenue, sales, and other key factors related to the Market. The report presents a comprehensive overview, of the Crystal Oscillators Market shares, drivers, restraints, and growth opportunities of the market. Every segment of the industry is evaluated based on growth rate and share of the market. The key market players by region, along with their revenue, financial status, and technical developments, are analyzed to understand the market’s competitive landscape. The bottom-up approach was used to estimate the Crystal Oscillators Market size.
Crystal Oscillators Market Overview
Crystal oscillators combine piezoelectric silicon dioxide resonators with electronic circuits to achieve precise frequencies. Their superior temperature stability, three to five orders greater than traditional oscillators, is key. The electronic component maintains resonator fluctuations at adequate amplitudes, crucial for stability. Power efficiency is paramount, especially for portable timekeeping and telecommunications.
High demand for crystal oscillators among consumers to influence the market
Crystal oscillators are indispensable in aerospace and defense, ensuring stable and accurate frequencies crucial for communication systems including radio, radar, and satellites. With the global adoption of 5G technology, demand for crystal oscillators is poised to surge, meeting synchronization needs and stringent timing protocols for high-bandwidth, low-latency transmission in devices like smartphones and IoT gadgets. However, “drift” poses a significant challenge, causing performance degradation over time due to thermal energy affecting components like resistors and capacitors. Detecting drift promptly is vital to prevent stability issues and maintain device operation. Despite this obstacle, the market for high-performance crystal oscillators is expanding rapidly alongside the global 5G network rollout.
The growth of consumer electronics in Asia Pacific is expected to grow at a significant CAGR over the forecast period
Asia Pacific dominated the Crystal Oscillators Market in 2023, fueled by the automotive sector’s integration of electronic components. China, a major player in consumer electronics and telecommunications, leads with 60-70% of global electronics production. South Korea follows suit with widespread technology adoption, particularly in 5G. Japan and Taiwan also contribute significantly to electronic device manufacturing. Top importers include Bangladesh, Brazil, and India. Japan leads exports with 45.84% of total imports, followed by the United States at 13.86%. North America, spearheaded by the U.S., holds the second-largest market share due to its strong presence in electronics. Canada’s market is rapidly expanding. Europe anticipates steady growth driven by automation, healthcare, telecommunications, and defense sectors. Overall, increasing demand for convenience supports continued growth in the Crystal Oscillators Market.
Crystal Oscillators Market Segmentation
By Type:
- Simple Packaged Crystal Oscillator (SPXO)
- Temperature-Compensated Crystal Oscillator (TCXO)
- Voltage-Controlled Crystal Oscillator (VCXO)
- Frequency-Controlled Crystal Oscillator (FCXO)
- Others
Based on the Type, the Temperature-Compensated Crystal Oscillator (TCXO) segment is to dominate the market throughout the forecast period
In 2023, the Temperature-Compensated Crystal Oscillator (TCXO) segment claimed the largest share in the Crystal Oscillators Market. TCXOs’ dominance stems from their integration of temperature-compensating circuitry, ensuring frequency stability despite temperature fluctuations. This feature makes TCXOs highly adaptable, widely employed across various consumer electronics. Additionally, the Voltage-Controlled Crystal Oscillator (VCXO) segment is projected to experience significant growth. The soaring demand for VCXOs in consumer electronics like radio receivers, DVD players, and mobile phones is the primary driver behind this anticipated growth trajectory.
By Mounting Scheme:
- Surface Mount
- Thru-Hole
Based on the End-User, the Surface mount Crystal Oscillators segment is to dominate the market during the forecast period
In 2023, the Crystal Oscillators Market categorized mounting schemes into surface mount and through-hole. Surface mount emerged as the leading segment in revenue generation. These crystals provide reliable and long-lasting solutions across diverse applications. With surface mount capabilities, device leads can be soldered directly to circuit board terminals pre-packaging. Custom and standard frequency surface-mounted crystals are widely used in IoT, smart home security systems, computers, wearable devices like smartwatches, Wi-Fi, and connectivity applications.
By Crystal:
- AT Cut
- BT Cut
- SC Cut
- Others
By End-User
- Consumer Electronics
- Automotive
- Telecom and Networking
- Military and Aerospace
- Others
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Crystal Oscillators Key Players include:
- Seiko Epson Corporation
- Miyazaki Epson Corp.
- Nihon DEMPA Kogyo Co., Ltd.
- TXC Corp.
- Kyocera Crystal Device Corp.
- Daishinku Corp.
- Murata Manufacturing Co., Ltd.
- Rakon Ltd.
- Vectron International, Inc.
- River Eletec Corp.
- Siward Crystal Technology Co., Ltd.
- Hosonic Electronic Co., Ltd.
- Mercury Electronic Ind. Co., Ltd.
- Microchip Technology Inc
- SiTime Corporation
- Fuji Crystal (Hong Kong) Electronics Co., Ltd.
- SHENZHEN YANGXING TECHNOLOGY CO., LTD.
- Diodes Incorporated
- ECS Inc.
Key questions answered in the Crystal Oscillators Market are:
- What are Crystal Oscillators?
- What was the Crystal Oscillators Market Size in 2023?
- What is the expected Crystal Oscillators Market size by 2030?
- What is the growth rate of the Crystal Oscillators Market?
- What are the key benefits of the Crystal Oscillators Market?
- What are the new trends in Crystal Oscillators?
- Which segment dominated the Crystal Oscillators Market growth?
- What is the demand pattern for the Crystal Oscillators Market?
- What are the driving, opportunity and restraining factors in the global Crystal Oscillators Market?
- Which are the factors expected to drive the Crystal Oscillators Market growth?
- Which factors are expected to restrain the Crystal Oscillators Market growth?
- Which region held the largest share of the Crystal Oscillators Market?
- Who are the key players in the Crystal Oscillators Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Type, Distribution Channel, End-Users and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is a leading Electronics research firm that has also published the following reports:
Oven Controlled Crystal Oscillator Market – The market size is expected to reach USD 5900 million by 2029 at a CAGR of 3.45 percent during the forecast period. The market is expected to be driven by the increasing demand for high-precision timing.
Temperature Compensated Crystal Oscillator Market – The market size is expected to reach USD 3.91 billion by 2029 at a CAGR of 4 percent during the forecast period. As per the research, the North America region holds the largest share of the market.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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