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The oscillator market share is expected to increase by USD 2.11 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.68%.
This oscillator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers oscillator market segmentation by product (crystal oscillators and MEMS oscillators), type (temperature compensated, voltage controlled, oven-controlled, and others), application (consumer electronics, telecom, military and defense, automotive, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The oscillator market report also offers information on several market vendors, including Abracon, Arrow Electronics Inc., CODICO GmbH, Crystek Corp., Fronter Electronics Co. Ltd., Kyocera Corp., LG Electronics Inc., Mercury Electronic Ind. Co. Ltd., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nihon Dempa Kogyo Co. Ltd., Rakon Ltd., Renesas Electronics Corp, River Eletec Corp., Seiko Epson Corp., Shenzhen Yangxing Technology Co. Ltd., SiTime Corp., SIWARD Crystal Technology Co. Ltd., Transko Electronics Inc., and TXC Corp. among others.
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The increasing demand from the military and defense sector is notably driving the oscillator market growth, although factors such as lack of product differentiation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oscillator industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Oscillator Market Driver
One of the key factors driving growth in the oscillator market is the increasing demand from the military and defense sector. Multicore digital signal processors (DSPs) reduce power consumption and increase the performance of devices. A DSP has an on-chip oscillator that works as a timing device. Oscillators are important for the efficient functioning of devices. Multicore DSPs are used in high-performance radar and avionics systems in the defense infrastructure to improve surveillance. Radar and military equipment require high processing support and rely on the efficient installation of DSP algorithms. Processor vendors, including Texas Instruments, offer high-powered processors, such as C66X multicore DSP. With the increase in technological advances, mobile systems supporting the defense infrastructure are becoming smaller. In addition, assistive defense applications are becoming high-powered and mobile. The demand for more optimized DSPs and microcontrollers with better architectures is expected to increase, which will drive the growth of the oscillator market.
Key Oscillator Market Trend
The increased proliferation of IoT is an oscillator market trend that is expected to have a positive impact in the coming years. The significance of IoT in the global technological arena is increasing. This is because of the establishment of connected environments in offices, homes, and industrial setups {machine-to-machine (M2M) communications}. The adoption of high-speed Internet, such as fourth-generation (4G) and long-term evolution (LTE), worldwide, and mass demand (and production) for wireless fidelity (Wi-Fi) and global positioning system (GPS)-enabled smartphones have resulted in an increased demand for quick and precise information. This, in turn, has created the need for DSPs that can calculate and collect precise information in a limited period of time.
Key Oscillator Market Challenge
The lack of product differentiation will be a major challenge for the oscillator market during the forecast period. The lack of product differentiation among manufacturers is a major challenge faced by the market. Crystal and MEMS oscillators differ in terms of a few functionalities. This allows buyers to easily shift between manufacturers, resulting in vendors losing their customers. End products have certain specifications in terms of frequency, stability, voltage, operating temperature, and packaging. Though vendors have developed oscillators specific to end products, they are yet to be accepted by the market. Product differentiation continues to remain a challenge in the market. However, its impact is expected to reduce during the forecast period.
This oscillator market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global oscillator market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the oscillator market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the oscillator market encompasses successful business strategies deployed by the key vendors. The oscillator market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The oscillator market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the oscillator market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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49% of the market’s growth will originate from APAC during the forecast period. China, Taiwan, South Korea, and Japan are the key markets for oscillators in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing demand for oscillators from the automotive, aerospace, electronics and electrical, and other end-user industries in developing countries such as China and India will facilitate the oscillator market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 severely impacted the growth of the oscillator market in APAC. The pandemic led to the imposition of complete lockdowns across the region. This negatively impacted the demand for oscillators from customers across the region. However, the oscillator market in APAC started to recover in 2021 due to the lifting of lockdowns and the initiation of large-scale vaccination drives. Moreover, new product launches and expansion strategies by major oscillator companies in the country are anticipated to boost the growth of the oscillator market in APAC during the forecast period.
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The oscillator market share growth by the crystal oscillators segment will be significant during the forecast period. The crystal oscillator segment in the global oscillator market is expected to witness significant growth in terms of market revenue when compared with the MEMS oscillator segment during the forecast period. This is due to the rising number of electronics devices such as smartphones, laptops, wearables, tablets, smart speakers, and game consoles. A crystal oscillator is an electronic device that uses piezoelectric material to mechanically resonate a vibrating crystal.
This report provides an accurate prediction of the contribution of all the segments to the growth of the oscillator market size and actionable market insights on post COVID-19 impact on each segment.
MEMs Oscillators market - The market share is expected to increase by USD 1.46 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 44.06%.
Oscillator Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.68% |
Market growth 2022-2026 |
$ 2.11 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.0 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 49% |
Key consumer countries |
US, China, Taiwan, South Korea, and Japan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Abracon, Arrow Electronics Inc., CODICO GmbH, Crystek Corp., Fronter Electronics Co. Ltd., Kyocera Corp., LG Electronics Inc., Mercury Electronic Ind. Co. Ltd., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nihon Dempa Kogyo Co. Ltd., Rakon Ltd., Renesas Electronics Corp, River Eletec Corp., Seiko Epson Corp., Shenzhen Yangxing Technology Co. Ltd., SiTime Corp., SIWARD Crystal Technology Co. Ltd., Transko Electronics Inc., 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
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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