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The crystal oscillator market size is projected to increase by USD 953.33 million at a CAGR of 5.14% between 2023 and 2028. The growth rate of the market depends on several factors, including the growing integration with System-on-Chip (SoC) solutions, the growing deployment of 5G and 6G networks, and the rise of industry 4.0 and industrial automation.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including CTS Corp., Diodes Inc., ECS Inc., Greenray Industries Inc., HOSONIC TECHNOLOGY GROUP CO. LTD., KYOCERA Corp., MegaChips Corp., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nihon Dempa Kogyo Co. Ltd., Q Tech Corp., Rakon Ltd., River Eletec Corp., Seiko Epson Corp., SIWARD Crystal Technology Co. Ltd., Texas Instruments Inc., The Swatch Group Ltd., and TXC Corp. Additionally, Abracon LLC company offers crystal oscillators such as the Abracon 32.768kHz Miniature Temperature Controlled Crystal Oscillators or TCXO, which is designed for ultra-low frequency stability in applications like RTCs, IoT, and timing synchronization for networks.
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The growing integration with System-on-Chip (SoC) solutions is the key factor driving the market. SoC solutions refer to IC designs that incorporate all the necessary components of a computer or electronic system onto a single semiconductor chip. Integrating with SoC solutions reduces the overall component count on the PCB, leading to cost savings in terms of component procurement, assembly, and manufacturing. This cost reduction is particularly significant for high-volume applications where even minor cost optimizations can result in substantial savings.
Additionally, integrating with SoC solutions can lead to improved performance and reliability. Furthermore, on-chip crystal oscillators can be optimized for low power consumption, helping to improve the overall energy efficiency of electronic devices. By eliminating external oscillator components, power consumption associated with driving external components and signal routing can be minimized, leading to energy savings in battery-powered devices and extending battery life. Thus, the growing integration with SoC solutions will drive the growth of the market during the forecast period.
The development of high-frequency crystal oscillators is the primary trend in the market. High-frequency crystal oscillators are electronic devices used to generate precise electrical signals at frequencies higher than those typically produced by standard ones. They are critical components in various applications that require high-frequency timing, such as telecommunications, wireless communication, radar systems, instrumentation, and test equipment. Continuous R&D efforts are focused on advancing the technology behind high-frequency solutions.
Additionally, the development of high-frequency solutions is closely linked to advancements in emerging technologies and applications. For example, the deployment of 5G wireless networks, the proliferation of IoT devices, the expansion of satellite communication systems, and the development of advanced radar and sensing technologies drive the demand for high-frequency timing solutions. Hence, the development and product launches of high-frequency will propel the growth of the market trends during the forecast period.
Rising demand for MEMS is a challenge that affects market expansion. MEMS oscillators leverage microfabrication techniques to create miniature mechanical structures on a silicon substrate, allowing for high-frequency oscillations with low power consumption and excellent frequency stability. MEMS are inherently smaller in size compared to traditional ones. As electronic devices continue to become smaller and more compact, there is a growing demand for miniature that can be integrated into space-constrained designs. The compact form factor of MEMS appeals to manufacturers of smartphones, wearables, IoT devices, and other portable electronics. The demand for reliable timing solutions in harsh operating conditions drives the adoption of MEMS.
Moreover, MEMS offers excellent long-term stability and reliability, with no moving parts susceptible to wear or aging. This results in lower maintenance requirements and improved system longevity, particularly in mission-critical applications where downtime is not acceptable. Furthermore, MEMS offers cost-effective alternatives to traditional ones, particularly for high-volume consumer electronics applications. The scalable manufacturing processes and economies of scale associated with MEMS technology contribute to competitive pricing and affordability. Thus, such factors will hinder the growth of the market during the forecast period.
The market share by the surface mount segment will be significant during the forecast period. Surface mount crystal oscillators are essential components in electronic devices and systems, providing precise timing signals for clocking and synchronization purposes. The growing proliferation of electronic devices across various industries, including consumer electronics, telecommunications, automotive, industrial automation, and the Internet of Things (IoT), drives the demand for surface mount crystal oscillators.
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The surface mount segment showed a gradual increase in the market share of USD 1,816.23 million in 2018. Furthermore, the expansion of wireless communication networks, including 5G, Wi-Fi, Bluetooth, and global navigation satellite systems (GNSS), drives the demand for surface mount crystal oscillators used in radio frequency (RF) and wireless connectivity applications. These oscillators provide stable clock signals for RF transceivers, base stations, routers, and satellite communication systems. Thus, these factors will boost the growth of the surface mount segment of the market during the forecast period.
Crystal oscillators serve as timing references for clock signals in consumer electronics, ensuring precise timing for data processing, communication, display refresh rates, and synchronization of various system components. As consumer devices become more feature-rich and complex, the demand for accurate timing signals increases. Furthermore, consumer preferences for seamless connectivity, fast performance, and long battery life further fuel the demand for high-quality crystal oscillators in electronic devices. Consequently, the demand for crystal oscillators in consumer electronics is driven by factors such as clocking and synchronization requirements, miniaturization trends, higher performance expectations, energy efficiency considerations, wireless connectivity needs, and multimedia applications, which will boost the growth of the consumer electronics segment of the market during the forecast period.
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APAC is estimated to contribute 53% to the growth of the global market during the forecast period.
Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The APAC region is home to several major electronics manufacturing hubs, including China, Japan, South Korea, Taiwan, and Southeast Asian countries. The rapid growth of the electronics industry in APAC, driven by increasing consumer demand for smartphones, tablets, wearables, smart home devices, and automotive electronics, fuels the demand for timing and synchronization applications.
Additionally, with the growing adoption of 4G LTE, 5G, and IoT technologies in the APAC region, there is a rising demand for high-performance crystal oscillators used in RF transceivers, baseband processors, and frequency synthesizers for wireless connectivity, data transmission, and timing synchronization in mobile devices. Furthermore, APAC countries such as India and China are investing heavily in telecommunications infrastructure expansion and upgrades to support the increasing demand for high-speed broadband internet, mobile data services, and digital connectivity. Thus, these factors will promote the growth of the regional market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028
In the market, crystal oscillator devices, particularly quartz crystal units, are integral components in frequency control devices across various technologies. From electronic circuits to automobiles and safety applications, they ensure precise timing and synchronization. In modern applications like smartphones applications and personal computers, they're crucial for functions like Bluetooth combo chipsets and digital cameras. TXC Corporation stands out as a leading manufacturer, offering SMD Crystal Oscillators with CMOS Output in their 8N and 8R Series, covering a wide output frequency range.
These oscillators maintain stability even in dynamic environments, supporting wireless interconnections and wireless data exchange in fitness wristbands, smartwatches, and IoT applications. Furthermore, they power real-time clock (RTC) functions, ensuring accurate timekeeping in diverse systems, including cable television and radio systems. With the growing demand for precision and reliability, the crystal oscillator market continues to thrive.
Crystal Oscillator Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.14% |
Market Growth 2024-2028 |
USD 953.33 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.48 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 53% |
Key countries |
US, China, Taiwan, South Korea, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abracon LLC, CTS Corp., Daishinku Corp., Diodes Inc., ECS Inc., Greenray Industries Inc., HOSONIC TECHNOLOGY GROUP CO. LTD., KYOCERA Corp., MegaChips Corp., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nihon Dempa Kogyo Co. Ltd., Q Tech Corp., Rakon Ltd., River Eletec Corp., Seiko Epson Corp., SIWARD Crystal Technology Co. Ltd., Texas Instruments Inc., The Swatch Group Ltd., and TXC Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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