Status : Published Published On : Apr, 2022 Report Code : VRSME9115 Industry : Semiconductor & Electronics Available Format : Page : 250
2015
2022

Global Crystal Oscillator Market – Analysis and Forecast (2021-2027)

Industry Insight by Mounting Scheme (Surface Mount and Through-Hole), by Crystal Cut (AT Cut, BT Cut, GT Cut, SC Cut, and Others), by General Circuitry (Simple Packaged Crystal Oscillator (SPXO), Temperature-Compensated Crystal Oscillator (TCXO), Voltage-Controlled Crystal Oscillator (VCXO), Voltage-Controlled Temperature-Compensated Crystal Oscillator (VCTCXO), Evacuated Miniature Crystal Oscillator (EMXO), Frequency-Controlled Crystal Oscillator (FCXO), Oven-Controlled Crystal Oscillator (OCXO), and Others), by Application (Consumer Electronics, Military & Aerospace, Telecom & Networking, Industrial, Research & Measurement, Automotive, and Medical), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

By 2021, the global crystal oscillator market size was worth USD 2.9 billion, and by 2027, it will be worth USD 4.6 billion, with a market share of 2.5 percent (CAGR) during the forecast period 2021-2027. A crystal oscillator is a resonating electronic oscillator device that uses mechanical vibrations to produce electric signals with high-precise frequency using a piezoelectric crystal resonator. Because of the advantages of crystal oscillators, such as transforming mechanical vibrations into electric pulses and vice versa, a piezoelectric material is used in these crystals and is a favorable option among buyers. These benefits have increased the scope of crystal oscillator applications in research and measurement, military and aerospace, consumer electronics, automotive, etc. Quartz crystal units and crystal oscillators are more resistant to environmental changes. As a result, they're used in electrical circuits as frequency-control devices, resulting in increased market demand for crystal oscillators.

Crystal Oscillator Market Highlights

The COVID-19 pandemic has decreased the demand for crystal oscillators owing to lockdowns and delays in shipments. However, the market is anticipated to normalize and growth in demand from consumer electronics, telecom and networking, research and measurement, medical, industrial, and automotive applications will proliferate the growth of the global crystal oscillators market.

Market Segmentation

Insight by Mounting Scheme

Based on the mounting scheme, the global crystal oscillator market is bifurcated into surface mount and through-hole. The surface mount is anticipated to have a high CAGR during the forecast period owing to the component miniaturization, high analog, and mounting digital data transmission speeds, high-frequency effects, and enhanced yield and production efficiency. Moreover, surface-mount crystal oscillators have less material and manufacturing costs, high component density, and a simple manufacturing procedure. As a result, crystal oscillators are becoming more common in consumer electronics and telecom and networking applications.

Insight by Crystal Cut

The global crystal oscillators market is divided into AT cut, BT cut, GT cut, SC cut, and others based on the crystal cut. AT-cut dominates the crystal oscillator market as it involves ease in the manufacturing process and requires less manufacturing cost, thus a preferred choice for general applications.

Insight by General Circuitry

Based on general circuitry, the global crystal oscillators are segregated into Simple Packaged Crystal Oscillator (SPXO), Temperature-Compensated Crystal Oscillator (TCXO), Voltage-Controlled Crystal Oscillator (VCXO), Voltage-Controlled Temperature-Compensated Crystal Oscillator (VCTCXO), Evacuated Miniature Crystal Oscillator (EMXO), Frequency-Controlled Crystal Oscillator (FCXO), Oven-Controlled Crystal Oscillator (OCXO), and others. The VCXO segment is anticipated to have a high CAGR during 2021-2027 owing to the rising demand for VCXOs in the consumer electronics segment like MP3 players, DVD players, digital cameras, mobile phones, and TV sets, radio receivers, video recorders, etc.

Insight by Application

Based on application, the global crystal oscillator market is divided into consumer electronics, military & aerospace, telecom & networking, industrial, research & measurement, automotive, and medical. The consumer electronics segment is anticipated to have the largest market share during the forecast period 2021-2027 owing to the increased demand for crystal oscillators in smartphone and tablet applications as the manufacturers use oscillation mediums like TCXOs, VCXOs, SPXOs, and OCXOs on a large scale. Furthermore, crystal oscillators require less power consumption and have rapid start-up features resulting in the growth of the segment.

Crystal Oscillator Market Report Coverage

Report Metric

Details

Historical Period

2015–2020

Base Year Considered

2021

Forecast Period

2021-2027

Market Size in 2021

$2.9 Billion

Revenue Forecast in 2027

$4.6 Billion

Growth Rate

CAGR 2.5%

Segments Covered in the Report

By Mounting Scheme, By Crystal Cut, By General Circuitry, and By Application

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

 

Industry Dynamics

Industry Trends

The increased adoption of crystal oscillators in the implementation of 5G/LTE telecom networking applications, and increased demand for connected devices are the trends prevalent in the global crystal oscillator market.

Growth Drivers

Factors attributing to the growth of the global crystal oscillators market include rising demand from the consumer electronics industry, increased advancement of 5G networks, increased adoption of wireless interconnections like remote keyless entry, mounting application of crystal units and crystal oscillators in automobiles will drive the market growth of crystal oscillators. Furthermore, technological development in healthcare equipment increased adoption of infotainment systems in the automotive industry, and ongoing demand for compact, low power consumption, cost-efficient, and stable frequency oscillators in the telecommunication industry will propel the growth in the market.

Challenges

Factors that might hinder the growth of the crystal oscillator industry include the evolution of Si-MEMES oscillators, stability issues in low-cost oscillators, lack of expertise, and lack of proper standards and protocols, which may stymie the growth of the global crystal oscillator market.

Opportunities

Technological development which includes quartz Microelectromechanical system oscillator (MEMS) technology, untapped potential in emerging markets, the surge in adoption of standards semiconductor processes, and increased volume of plastic packaging will enhance the lead time and increased the availability of oscillator procurement, resulting in creating market growth opportunities in the global crystal oscillator market.

Geographic Overview

Asia-Pacific dominates the crystal oscillator market owing to initiatives by the government, ongoing projects, and increased R&D activities in the region. Furthermore, increased production of electronic devices and rising adoption of VCOs in the production of electronic music devices will proliferate the growth in the region. Also, due to its significant position in consumer electronics, semiconductors, and other telecommunication device and equipment manufacturing, China is one of the most important markets for crystal oscillators in the world.

Competitive Insight

With a number of well-known manufacturers, the global crystal oscillator market is moderately competitive. The market is dominated by a few large players in terms of market share. Many companies, on the other hand, are earning new contracts and entering new markets by using innovative and sustainable packaging to strengthen their market position.

TXC CORPORATION is a leading professional frequency control product manufacturer specialized in the research, design, manufacture, and sale of quartz crystal and oscillator devices in the Dual-Inline-Package (DIP) and Surface Mount Device (SMD) formats. TXC now specializes in the following product categories: Crystals (32.768KHz, Basic MHz, High Accuracy MHz, Automotive Grade), Oscillators  (32.768KHz, CMOS, Silicon MEMS, Differential Output, SAW, Automotive Grade), OCXO (CMOS), VCXO (CMOS, Differential Output), TCXO (Basic, GPS, Precision).

Kyocera is a pioneer in utilizing the full potential of quartz crystals to create cutting-edge crystal goods such as crystal units and crystal oscillators. Kyocera has extensive expertise to supply a wide range of crystal devices around the world, all of which contribute to the IoT era's evolution. Their portfolio includes Crystal Units (ultra-miniature, high accuracy, and wide temperature range operating crystal units), Clock oscillators (SPXO), Voltage Controlled Crystal Oscillators (VCXO),  and Temperature Compensated Crystal Oscillators (TCXO).

In March 2022, the RVX1490U is Rakon's most recent ultra-low phase noise VCXO. This oscillator has a superior phase noise floor of -173 dBc/Hz, allowing for significant phase noise performance improvements, and is available in frequencies ranging from 76.8 to 153.6 MHz. The VCXO is intended for use in 5G RRUs and small cells, as well as GNSS ground stations for satellite communications, high-speed ADC/DAC/SERDES clocks, instrumentation, and optical transport equipment.

The SiT3901 Power digitally controlled MEMS oscillator (DCXO) was introduced by SiTime® Corporation, an industry leader in MEMS timing, for power-sensitive and space-constrained mobile and IoT applications in September 2021. The SiT3901 accelerates wireless charging by up to 25% while lowering the overall timing solution area by up to 90%. The MEMS oscillator is perfect for smartwatches, activity trackers, hearing aids, and wearables that require wireless charging.

Some of the major industry players in the global crystal oscillator industry include Seiko Epson Corporation, NIHON DEMPA KOGYO CO., LTD., TXC Corporation, KYOCERA Corporation, Daishinku Corp., Microchip Technology Inc., Murata Manufacturing Co., Ltd., SiTime Corp., Rakon Limited, and SIWARD Crystal Technology Co., Ltd.

Crystal Oscillator Market Size and Market Analysis

Region Covered in the Report

•    North America

- U.S.
- Canada
- Mexico

•    Europe

- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe

•    Asia-Pacific (APAC)

- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific

•    Rest of the World (RoW)

- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries

Frequently Asked Questions

By 2021, the global crystal oscillator market size was worth USD 2.9 billion, and by 2027, it will be worth USD 4.6 billion, with a market share of 2.5 percent (CAGR) during the forecast period 2021-2027.
The novel product development and strategic partnerships among the industry players will create growth opportunities for the key players in the global crystal oscillators market.
The increased deployment of 5G networks, increased demand from the consumer electronics industry, and increased demand for healthcare devices that require crystal oscillators in products such as pacemakers, will bolster the growth of the global crystal oscillator market.
Asia-Pacific contributes to the largest share in the crystal oscillators industry owing to the rising demand from the consumer electronic sector, increased adoption of industrial solutions in the automotive industry.
Some of the major players in the global crystal oscillator market include Seiko Epson Corporation, NIHON DEMPA KOGYO CO., LTD., TXC Corporation, KYOCERA Corporation, Daishinku Corp., Microchip Technology Inc., Murata Manufacturing Co., Ltd., SiTime Corp., Rakon Limited, and SIWARD Crystal Technology Co., Ltd.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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