Crystal Oscillator Market Outlook 2031
The crystal oscillator market size was USD 2.11 Billion in 2022 and is expected to reach USD 3 Billion by 2031 expand at significant CAGR 4% during forecast period 2023–2031. Growth of the market is attributed to high stability against environmental changes, increasing demand for convenience, and rising applications of crystal units in automotive sector.
A crystal oscillator is an oscillator unit that generates mechanical resonance from vibrating crystal of piezoelectric material. For manufacturing quartz crystals of frequencies from a few tons of kilohertz to hundreds of MHz.
The Covid-19 pandemic affected the demand and supply of crystal oscillator market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Crystal Oscillator Market Trends, Drivers, Restraints, and Opportunities
- Increasing use of crystal oscillators in automobiles is projected to boost the market in the coming years.
- Rising use of Bluetooth & WIFI combo chipset in smartphone applications is major factor fueling the market during the forecast period.
- High cost of crystal oscillator equipment is anticipated to hamper market growth.
- Lack of awareness about oscillator equipment is estimated to hinder the market expansion in the coming years.
- R&D investment and technological advancement in crystal oscillator is projected to create lucrative opportunities for the market players.
Scope of The Crystal Oscillator Market Report
The report on the crystal oscillator market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Crystal Oscillator Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
2016 - 2021
2023 - 2031
Types (Oven-controlled Crystal Oscillator, Simple Packaged Crystal Oscillator, Frequency-controlled Crystal Oscillator, Temperature-compensated Crystal Oscillator, and Voltage-controlled Crystal Oscillator), Mounting Types (Thru-hole and Surface Mount), End-user Industry (Aerospace & Defense, Automotive, Industrial, Telecom & Networking, Research & Measurement, Consumer Electronics, and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report
Nihon Dempa Kogyo (NDK) Co. Ltd.; Siward Crystal Technology Co., Ltd.; SiTime Corp.; Vectron International Inc.; Kyocera Corp.; Murata Manufacturing Co., Ltd.; Seiko Epson Corp.; Rakon Ltd; TXC Corp.; Daishinku Corp.; and Hosonic Electronic Co. Ltd.
Crystal Oscillator Market Segment Insights
The surface mount segment accounts for key share of the market
Based on mounting types, the crystal oscillator market is bifurcated into thru-hole and surface mount. The surface mount segment accounts for a key share of the market. Growth of the market is attributed to increasing consumer support and rapid development in consumer electronics segment.
However, the thru-hole segment is anticipated to expand at a rapid pace during the forecast period due to rise in adoption of ADAS systems & autonomous vehicles and launches of new consumer electronic products.
The voltage-controlled crystal oscillator segment is anticipated to hold major market share
Based on types, the market is fragmented into oven-controlled crystal oscillator, simple packaged crystal oscillator, frequency-controlled crystal oscillator, temperature-compensated crystal oscillator, and voltage-controlled crystal oscillator. The voltage-controlled crystal oscillator segment is anticipated to hold the major market share during the forecast period.
Growth of the market is attributed to rising population, increasing disposable income, and growing awareness among population. However, the oven-controlled crystal oscillator segment is anticipated to expand at a rapid pace during the forecast period due to factors such as international companies attracting many investors, technological innovations in crystal oscillators, and increasing adaptation of developed technologies.
The consumer electronics segment accounts for a significant share of the market
On the basis of end-users, the crystal oscillator market is fragmented into aerospace & defense, automotive, industrial, telecom & networking, research & measurement, consumer electronics, and others. The consumer electronics segment accounts for a significant share of the market. Growth of the market is attributed to rising usages of crystal units in extending battery life and increasing level of production of electronic devices.
The aerospace & defense segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing funding from private organizations and rising competition.
Asia Pacific is estimated to hold a major market share
On the basis of region, the crystal oscillator market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period due to increasing usages of crystal oscillators in camera applications and emerging demand for smartphones.
The market of Asia Pacific is expected to hold a major market share due to rising demand for crystal units in high-temperature applications and growing adoption of voltage-controlled crystal oscillator in the production of music devices.
The crystal oscillator market has been segmented on the basis of
- Oven-controlled Crystal Oscillator
- Simple Packaged Crystal Oscillator
- Frequency-controlled Crystal Oscillator
- Temperature-compensated Crystal Oscillator
- Voltage-controlled Crystal Oscillator
- Aerospace & Defense
- Telecom & Networking
- Research & Measurement
- Consumer Electronics
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Nihon Dempa Kogyo (NDK) Co. Ltd.
- Siward Crystal Technology Co., Ltd.
- SiTime Corp.
- Vectron International Inc.
- Kyocera Corp.
- Murata Manufacturing Co., Ltd.
- Seiko Epson Corp.
- Rakon Ltd
- TXC Corp.
- Daishinku Corp.
- Hosonic Electronic Co. Ltd.
Key players competing in the crystal oscillator market include Nihon Dempa Kogyo (NDK) Co. Ltd.; Siward Crystal Technology Co., Ltd.; SiTime Corp.; Vectron International Inc.; Kyocera Corp.; Murata Manufacturing Co., Ltd.; Seiko Epson Corp.; Rakon Ltd; TXC Corp.; Daishinku Corp.; and Hosonic Electronic Co. Ltd.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.