The crystal oscillators market size has grown strongly in recent years. It will grow from $3.04 billion in 2023 to $3.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The historical period's advancement can be credited to the expansion of telecommunications, the surge in consumer electronics, increased utilization in military and defense sectors, the rise in industrial automation, and the growth of the medical device market.
The crystal oscillators market size is expected to see strong growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. During the forecast period, expansion is expected due to the increased adoption of electric vehicles, advancements in space exploration endeavors, rising utilization of autonomous vehicles, heightened demand for high-performance computing, and the increased need for miniaturized oscillators. Dominant trends anticipated in this period encompass surface mount technology (SMT) oscillators, MEMS oscillators, high-frequency oscillators, voltage-controlled oscillators, low-noise oscillators, and automotive-grade oscillators.
The anticipated surge in smartphone and tablet adoption is poised to drive the growth of the crystal oscillators market. These devices commonly integrate two crystal oscillators, serving critical roles in maintaining sleep-mode timing adjacent to the processor and within power management chips. The technical superiority of crystal oscillators, characterized by their cost-effectiveness and energy efficiency, positions them as favored components in mobile phones and tablets. For instance, Gartner Inc.'s study revealed a 6% global increase in smartphone sales from 2020 to 2021, following a 12.5% decline amid the COVID-19 pandemic from 2019 to 2020. As the sales of mobile phones continue to rise consistently, there's an expected upsurge in demand for crystal oscillators throughout the forecast period.
The projected increase in military spending is poised to drive the expansion of the crystal oscillators market. Military expenditure encompasses the financial resources allocated by a country for defense and associated activities within a specific timeframe, typically on an annual basis. Crystal oscillators find extensive use in military and aerospace applications, particularly in communication systems, radar, and navigation equipment, generating heightened demand in these sectors. For example, in 2022, data released by the Stockholm International Peace Research Institute (SIPRI) indicated a record-breaking global military budget of $2.2 trillion. Consequently, the upward trajectory of military expenditure is anticipated to significantly contribute to the growth of the crystal oscillators market.
The crystal oscillators market is witnessing a surge in the adoption of cutting-edge technology, a trend being embraced by major industry players. Leading companies in this sector are dedicated to innovating new solutions with superior technical capabilities, aimed at meeting the rapidly increasing demand from end-users while solidifying their market presence. As an example, in July 2021, Epson America Inc., a California-based manufacturer specializing in printers, system devices, scanners, and projectors, introduced the SG2520CAA quartz oscillator. This product is designed to operate reliably at high temperatures up to +125 °C, catering to diverse applications in the automotive sector and other high-reliability products. Notably, these crystal oscillators boast low power consumption and support a wide operating voltage range of 1.6 to 3.63V, enhancing advanced driver assistance systems and significantly improving driving comfort.
Key players in the crystal oscillators market are concentrating on developing ultra-low current crystal oscillators to bolster their competitive edge in the industry. These specialized oscillators are characterized by their exceptionally low power consumption. A case in point is TAITIEN Electronics Co. Ltd., a Taiwan-based manufacturer of control components, which unveiled the OZ-D and OY-D models of ultra-low current crystal oscillators in May 2022. These models exhibit an impressively low current consumption rate of merely 1.4μA. Notably, these crystal oscillators feature a design focused on minimizing power usage, showcasing a substantial reduction in current consumption of over 90% compared to prior 32.768kHz oscillators. TAITIEN's launch of these ultra-low current crystal oscillators underscores their commitment to delivering high-precision, low-power consumption, and wide-temperature quartz crystals, addressing the diverse requirements of their clientele.
In July 2023, Abracon, a leading US-based provider of Frequency Control, Timing, Power, Magnetics, RF, and Antenna solutions, completed the acquisition of NEL Frequency Controls, Inc. The undisclosed acquisition represents a pivotal step in Abracon's dedication to broadening its array of precision timing products. NEL Frequency Controls, Inc., also based in the US, specializes in manufacturing ultra-low phase noise crystal oscillators and modules. This acquisition amplifies Abracon's capabilities and reinforces its commitment to offering a wider range of high-quality precision timing solutions to its clientele.
Major companies operating in the crystal oscillators market report are 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.
Asia-Pacific was the largest region in the crystal oscillators market in 2023. 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. The countries covered in the crystal oscillators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Crystal oscillators come in several types, including temperature-compensated crystal oscillators (TCXO), simple packaged crystal oscillators (SPXO), voltage-controlled crystal oscillators (VCXO), frequency-controlled crystal oscillators (FCXO), oven-controlled crystal oscillators (OCXO), and various others. TCXOs utilize a temperature-sensitive reactance circuit within the oscillation loop to offset the inherent frequency-temperature characteristics of the crystal unit. These oscillators can be mounted via surface mount or through-hole methods and find application across diverse sectors such as telecom and networking, consumer electronics, military and aerospace, research and measurement, industrial, automotive, and medical equipment industries.
The crystal oscillators market research report is one of a series of new reports that provides crystal oscillators market statistics, including crystal oscillators industry global market size, regional shares, competitors with a crystal oscillators market share, detailed crystal oscillators market segments, market trends and opportunities, and any further data you may need to thrive in the crystal oscillators industry. This crystal oscillators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The crystal oscillators market consists of sales of crystal oscillator (fixed frequency)(XO), voltage controlled crystal oscillator (VCXO), temperature compensated crystal oscillator (TCXO), voltage controlled temperature compensated crystal oscillator (VCTCXO) and oven controlled crystal oscillator (OCXO). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The crystal oscillators market size is expected to see strong growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. During the forecast period, expansion is expected due to the increased adoption of electric vehicles, advancements in space exploration endeavors, rising utilization of autonomous vehicles, heightened demand for high-performance computing, and the increased need for miniaturized oscillators. Dominant trends anticipated in this period encompass surface mount technology (SMT) oscillators, MEMS oscillators, high-frequency oscillators, voltage-controlled oscillators, low-noise oscillators, and automotive-grade oscillators.
The anticipated surge in smartphone and tablet adoption is poised to drive the growth of the crystal oscillators market. These devices commonly integrate two crystal oscillators, serving critical roles in maintaining sleep-mode timing adjacent to the processor and within power management chips. The technical superiority of crystal oscillators, characterized by their cost-effectiveness and energy efficiency, positions them as favored components in mobile phones and tablets. For instance, Gartner Inc.'s study revealed a 6% global increase in smartphone sales from 2020 to 2021, following a 12.5% decline amid the COVID-19 pandemic from 2019 to 2020. As the sales of mobile phones continue to rise consistently, there's an expected upsurge in demand for crystal oscillators throughout the forecast period.
The projected increase in military spending is poised to drive the expansion of the crystal oscillators market. Military expenditure encompasses the financial resources allocated by a country for defense and associated activities within a specific timeframe, typically on an annual basis. Crystal oscillators find extensive use in military and aerospace applications, particularly in communication systems, radar, and navigation equipment, generating heightened demand in these sectors. For example, in 2022, data released by the Stockholm International Peace Research Institute (SIPRI) indicated a record-breaking global military budget of $2.2 trillion. Consequently, the upward trajectory of military expenditure is anticipated to significantly contribute to the growth of the crystal oscillators market.
The crystal oscillators market is witnessing a surge in the adoption of cutting-edge technology, a trend being embraced by major industry players. Leading companies in this sector are dedicated to innovating new solutions with superior technical capabilities, aimed at meeting the rapidly increasing demand from end-users while solidifying their market presence. As an example, in July 2021, Epson America Inc., a California-based manufacturer specializing in printers, system devices, scanners, and projectors, introduced the SG2520CAA quartz oscillator. This product is designed to operate reliably at high temperatures up to +125 °C, catering to diverse applications in the automotive sector and other high-reliability products. Notably, these crystal oscillators boast low power consumption and support a wide operating voltage range of 1.6 to 3.63V, enhancing advanced driver assistance systems and significantly improving driving comfort.
Key players in the crystal oscillators market are concentrating on developing ultra-low current crystal oscillators to bolster their competitive edge in the industry. These specialized oscillators are characterized by their exceptionally low power consumption. A case in point is TAITIEN Electronics Co. Ltd., a Taiwan-based manufacturer of control components, which unveiled the OZ-D and OY-D models of ultra-low current crystal oscillators in May 2022. These models exhibit an impressively low current consumption rate of merely 1.4μA. Notably, these crystal oscillators feature a design focused on minimizing power usage, showcasing a substantial reduction in current consumption of over 90% compared to prior 32.768kHz oscillators. TAITIEN's launch of these ultra-low current crystal oscillators underscores their commitment to delivering high-precision, low-power consumption, and wide-temperature quartz crystals, addressing the diverse requirements of their clientele.
In July 2023, Abracon, a leading US-based provider of Frequency Control, Timing, Power, Magnetics, RF, and Antenna solutions, completed the acquisition of NEL Frequency Controls, Inc. The undisclosed acquisition represents a pivotal step in Abracon's dedication to broadening its array of precision timing products. NEL Frequency Controls, Inc., also based in the US, specializes in manufacturing ultra-low phase noise crystal oscillators and modules. This acquisition amplifies Abracon's capabilities and reinforces its commitment to offering a wider range of high-quality precision timing solutions to its clientele.
Major companies operating in the crystal oscillators market report are 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.
Asia-Pacific was the largest region in the crystal oscillators market in 2023. 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. The countries covered in the crystal oscillators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Crystal oscillators come in several types, including temperature-compensated crystal oscillators (TCXO), simple packaged crystal oscillators (SPXO), voltage-controlled crystal oscillators (VCXO), frequency-controlled crystal oscillators (FCXO), oven-controlled crystal oscillators (OCXO), and various others. TCXOs utilize a temperature-sensitive reactance circuit within the oscillation loop to offset the inherent frequency-temperature characteristics of the crystal unit. These oscillators can be mounted via surface mount or through-hole methods and find application across diverse sectors such as telecom and networking, consumer electronics, military and aerospace, research and measurement, industrial, automotive, and medical equipment industries.
The crystal oscillators market research report is one of a series of new reports that provides crystal oscillators market statistics, including crystal oscillators industry global market size, regional shares, competitors with a crystal oscillators market share, detailed crystal oscillators market segments, market trends and opportunities, and any further data you may need to thrive in the crystal oscillators industry. This crystal oscillators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The crystal oscillators market consists of sales of crystal oscillator (fixed frequency)(XO), voltage controlled crystal oscillator (VCXO), temperature compensated crystal oscillator (TCXO), voltage controlled temperature compensated crystal oscillator (VCTCXO) and oven controlled crystal oscillator (OCXO). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Crystal Oscillators Market Characteristics3. Crystal Oscillators Market Trends and Strategies32. Global Crystal Oscillators Market Competitive Benchmarking33. Global Crystal Oscillators Market Competitive Dashboard34. Key Mergers and Acquisitions in the Crystal Oscillators Market
4. Crystal Oscillators Market - Macro Economic Scenario
5. Global Crystal Oscillators Market Size and Growth
6. Crystal Oscillators Market Segmentation
7. Crystal Oscillators Market Regional and Country Analysis
8. Asia-Pacific Crystal Oscillators Market
9. China Crystal Oscillators Market
10. India Crystal Oscillators Market
11. Japan Crystal Oscillators Market
12. Australia Crystal Oscillators Market
13. Indonesia Crystal Oscillators Market
14. South Korea Crystal Oscillators Market
15. Western Europe Crystal Oscillators Market
16. UK Crystal Oscillators Market
17. Germany Crystal Oscillators Market
18. France Crystal Oscillators Market
19. Italy Crystal Oscillators Market
20. Spain Crystal Oscillators Market
21. Eastern Europe Crystal Oscillators Market
22. Russia Crystal Oscillators Market
23. North America Crystal Oscillators Market
24. USA Crystal Oscillators Market
25. Canada Crystal Oscillators Market
26. South America Crystal Oscillators Market
27. Brazil Crystal Oscillators Market
28. Middle East Crystal Oscillators Market
29. Africa Crystal Oscillators Market
30. Crystal Oscillators Market Competitive Landscape and Company Profiles
31. Crystal Oscillators Market Other Major and Innovative Companies
35. Crystal Oscillators Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Crystal Oscillators Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on crystal oscillators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for crystal oscillators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: Kyocera Corporation; Murata Manufacturing Co. Ltd; Fox Electronics; Seiko Epson Corporation; River Eletec Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 3.21 Billion |
| Forecasted Market Value ( USD | $ 4.05 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
