Frequency Control and Timing Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Frequency Control and Timing Devices Market is segmented by Type (Crystals, Oscillators (Temperature Compensated Crystal Oscillator (TCXO), Voltage-controlled Crystal Oscillator (VCXO), Oven-controlled Crystal Oscillator (OCXO), MEMS Oscillator), Resonators), End-user Industry (Automotive, Computer & Peripherals, Communications/Server/Data Storage, Consumer Electronics, Industrial), and Geography.

Market Snapshot

Frequency Control and Timing Devices Market Size
Study Period: 2022-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: 8.95 %
Frequency Control and Timing Devices Market Key players

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Market Overview

The Global Frequency Control and Timing Devices Market is expected to witness growth at a CAGR of 8.95% over the forecast period (2022- 2027). The COVID-19 outbreak has affected the global electronics industry supply chain significantly, affecting the demand and growth in the studied market. Supply chains across the most electronic sectors felt the substantial impact of COVID-19 at every production level. In 2020, many factories halted for a while or reduced their capacity, and suppliers struggled to keep up with demand due to limited production. As the second wave was witnessed in many countries in 2021, that effect is expected to continue until mid this year. Motherboard shortages are placing heavy pressure on manufacturers, but so are similar scarcity of raw materials for crystal and MEMS oscillators.

  • The increasing demand for convenience is driving the application of wireless interconnections, such as remote keyless entry. Crystal devices, such as quartz crystal units and oscillators, have higher stability against environmental changes. Therefore, they are increasingly used as frequency control devices in electronic circuits. The application of crystal units and oscillators in automobiles is expected to grow during the forecast period.
  • Moreover, crystal-based timing devices are widely used in safety applications, such as brake control systems, anti-locking systems, and airbag and tire pressure monitoring systems (TPMS). The demand for precision, improving regulations for safety applications, and the necessity for fast data transmission are driving the adoption of timing devices.
  • Automotive system developers use resonators and oscillator timing solutions that are prone to shock and vibration issues. With the advent of ADAS, the requirement for clocking, complex data acquisition rates, and low jitter reference clocks is increasing. Vendors in the market studied are expected to focus on developing and offering such solutions over the coming years.
  • For instance, Epson extended the highest available frequency on the low-jitter oscillator. The company increased the upper-frequency limit to 500 MHz from 200 MHz. This move aligned with the expected network requirement for high speed and wideband due to the 5G communication traffic growth. ​
  • Further, the demand for various frequency control oscillators has improved the use of Wi-Fi and Bluetooth combo chipsets in smartphone applications. Considering the increasing support for these applications in consumer products, the consumer electronics segment is expected to see strong potential growth during the forecast period. Furthermore, the growing advancement of RF communication and component used in consumer electronics, owing to trends like IoT, is also expanding the studied market growth. Huawei's new series of smartphones, like the P30, include crystal oscillators supplied by Japan-based Kyocera.

Scope of the Report

The study considers different types of devices, including Crystals, Oscillators, and Resonators, and various types of oscillators, including temperature-compensated crystal oscillator (TCXO), voltage-controlled crystal oscillator (VCXO), oven-controlled crystal oscillator (OCXO), MEMS Oscillator, and other types. ​Moreover, the study includes applications in end-user industries, including Automotive, Computer & Peripherals, Consumer Electronics, and Communications/Server/Data Storage, among others, in various regions, and driving factors in both global and regional markets which are influencing the demand for Frequency Control and Timing Devices. ​Further, the study analyzes the impact of COVID-19 on the market players and its stakeholders across the supply chain. The same has been considered for arriving at the current market estimation and for future projections.

Type
Crystals
Oscillators
Temperature Compensated Crystal Oscillator (TCXO)
Voltage-controlled Crystal Oscillator (VCXO)
Oven-controlled Crystal Oscillator (OCXO)
MEMS Oscillator
Other Types of Oscillators
Resonators
End-User Industry
Automotive
Computer & Peripherals
Communications/Server/Data Storage
Consumer Electronics
Industrial
Other End Users
Geography
North America
Europe
Asia Pacific
Rest of the World

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Key Market Trends

Automotive Industry Segment is Expected to Hold a Significant Market Share

  • In the automotive sector, frequency control and timing devices are used for ADAS (Advanced Driver Assistance Systems), Light Detection and Ranging (LiDAR), autonomous driving, infotainment systems, in-vehicle ethernet, engine control modules, and instrument clusters, among others. The increasing demand for jitter-free crystal oscillators is indicative of the growing demand for automotive applications.
  • In mid-2020, Epson’s SG2520CAA launched a Simple Packaged Crystal Oscillator (SPXO) and Temperature Compensated Crystal Oscillator (TCXO) with CMOS output. Being ideal for automotive and high-reliability applications, it conforms to AEC-Q200. This device has low current consumption, a wide operating voltage from 1.6 V to 3.63 V, and wide operating temperatures ranging from -40 °C to 85 °C. Within the automotive sector, it finds applications in ADAS (Advanced Driver Assistance Systems); that is, Camera, LiDAR (Light Detection and Ranging), radar, networking & Automotive Infotainment systems, such as audio, clock, meter, cluster, and body control (BCM).
  • Recently, at the beginning of 2022, as an impact of the COVID-19 pandemic, multiple reports indicated that automotive companies, such as Honda, Ford, Toyota, BWM, and GM would reduce the production outputs of new vehicles or stop production lines entirely. The cause of the halt stems from a shortage of automotive-grade semiconductors, with six months being a tentative timeline to get levels back to normal.
  • Further, the automobile manufacturers are observed to be shifting to simplified clock tree designs, such as automotive-grade low-jitter, any-frequency clock generators, and buffers. Hence, instead of deploying more numbers of oscillators, clock generators and buffers will work more effectively.
  • In December 2021, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced two new timing devices and controllers designed for automotive actuator and sensor control applications supporting edge evolution in next-generation electronic and electrical (E/E) architecture. With the new RL78/F24 and RL78/F23, Renesas expands its RL78 Family of low-power 16-bit controllers and timing devices and strengthens its broader automotive portfolio, offering customers highly reliable, high-performance solutions for systems ranging from actuators to zone control.
Frequency Control and Timing Devices Market Trends

Asia-Pacific to Hold Significant Market Share

  • China is one of the key markets for frequency control and timing devices globally, owing to its strong position in consumer electronics, semiconductors, and other telecommunications devices and equipment manufacturing. The country is one of the significant consumers and producers of global crystal and MEMS oscillators. Over the past few years, the country's adoption of temperature-compensated oscillators was the highest in the country, as the country was developing specialized oscillators specifically for advanced consumer electronics products.
  • During Mobile World Congress Shanghai 2021, the government announced that Chinese carriers had invested more than CNY 260 billion to build the world’s largest 5G network. The growth rate of telecom business revenue has increased significantly. As per the Ministry of Industry and Information Technology (MIIT), The telecom sector rose 8 percent year-on-year to CNY 1.47 trillion (about USD 232.43 billion) in 2021, with the growth rate up 4.1 percentage points from 2020.
  • Moreover, South Korea is also home to some of the largest consumer electronic companies in the region, such as LG and Samsung. These companies are some of the significant adopters of frequency control and timing devices at the global level. Many South Korean consumer electronics manufacturers, including LG Electronics and Samsung Electronics, are relocating their manufacturing facilities to other countries. The trend is expected to accelerate due to mounting trade protectionism and the rigidity and low productivity of the country’s labor market, represented by an exceptionally rapid increase in the minimum wage.
  • Additionally, Members of the Association of Southeast Asian Nations continue to roll out their 5G masterplans, with Singapore, for example, still on track to achieve nationwide 5G coverage by 2025. As well as providing consumers with faster connection speeds, lower latency, and more bandwidth, 5G has been touted as a revolutionary upgrade that would enable a wide range of new digital applications like IoT, smart cities, driverless cars, robotic appliances, and augmented reality. These initiatives further boost the studied market for the region.
  • Further, according to Singapore’s Infocomm Media Development Authority, the country was to launch two standalone 5G networks in 2021. It will build a 5G network that can cover half of the country by the end of 2022 and the entire country by the end of 2025. This project is currently bid on by an associated company formed by Singtel, StarHub, and M1. Other mobile network operators would purchase the right to use the 5G network.
Frequency Control and Timing Devices Market Growth rate

Competitive Landscape

The Global Frequency Control and Timing Devices Market are significantly fragmented, with numerous oscillator and resonator-manufacturers providing the product. The companies continuously invest in the product and technology to promote sustainable environmental growth and prevent environmental hazards. Key players in this market are introducing new innovative products and forming partnerships and collaborations to gain competitive advantages.

  • January 2022 - ID Quantique introduced the new ID1000 Time Controller devices: the latest addition to ID Quantique’s (IDQ) Photonic Quantum Sensing range, a unifying force for single-photon experiments and applications. It provides count more, post-process less, and reacts faster to single-photon experiments with this all-in-one time-tagging, coincidence correlation, and delay/pulse generation system.
  • February 2021 - SiTime Corporation, a provider of MEMS timing, announced the SiT5008 temperature-compensated silicon MEMS oscillator (TCXO). The SiT5008 is ideal for connected consumer and IoT devices such as Internet-connected audio-video, over-the-top streaming devices, industrial smart meters, and other devices that use low-power wireless connectivity. Additionally, it offers programmable features, ±2 ppm to ±10 ppm frequency stability, environmental resilience in a small package.​

Recent Developments

  • May 2021 - ABLIC launched the S-19914/5 Series of Ultra-small Step-down Frequency Control Switching Regulators for Automotive Use with Low EMI that Reduces Conducted Emission to 1/3 of Previous Levels. Specifically, it reduces conducted emission to 1/3 of the previous model.
  • April 2021 - Epson launched TG5032CKN/TG5032SKN/TG5032SMN/TG-5510CB/TG-5511CB temperature-compensated CRYSTAL oscillator (TCXO) for applications in microwave and base station in network equipment, with high stability and high temperature resilience.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definitions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Assessment of the Impact of COVID -19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Growing 5G Adoption Across the World

      2. 5.1.2 Rising Demand from Advanced Automotive Applications

    2. 5.2 Market Restraints

      1. 5.2.1 High Cost of Development

  6. 6. MARKET SEGMENTATION

    1. 6.1 Type

      1. 6.1.1 Crystals

      2. 6.1.2 Oscillators

        1. 6.1.2.1 Temperature Compensated Crystal Oscillator (TCXO)

        2. 6.1.2.2 Voltage-controlled Crystal Oscillator (VCXO)

        3. 6.1.2.3 Oven-controlled Crystal Oscillator (OCXO)

        4. 6.1.2.4 MEMS Oscillator

        5. 6.1.2.5 Other Types of Oscillators

      3. 6.1.3 Resonators

    2. 6.2 End-User Industry

      1. 6.2.1 Automotive

      2. 6.2.2 Computer & Peripherals

      3. 6.2.3 Communications/Server/Data Storage

      4. 6.2.4 Consumer Electronics

      5. 6.2.5 Industrial

      6. 6.2.6 Other End Users

    3. 6.3 Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia Pacific

      4. 6.3.4 Rest of the World

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Murata Manufacturing Co. Ltd

      2. 7.1.2 Kyocera Corporation

      3. 7.1.3 Rakon Ltd

      4. 7.1.4 Microchip Technology Inc.

      5. 7.1.5 TXC Corporation

      6. 7.1.6 Seiko Epson Corporation

      7. 7.1.7 Daishinku Corporation

      8. 7.1.8 Hosonic Electronic Co. Ltd

      9. 7.1.9 Nihon Dempa Kogyo (NDK) Co. Ltd

      10. 7.1.10 SiTime Corporation

      11. 7.1.11 STMicroelectronics International N.V.

      12. 7.1.12 Texas Instruments Inc.

      13. 7.1.13 NXP Semiconductors

    2. *List Not Exhaustive
  8. 8. INVESTMENTS ANALYSIS

  9. 9. FUTURE OF THE MARKET

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Frequently Asked Questions

The Frequency Control and Timing Devices Market market is studied from 2022 - 2027.

The Frequency Control and Timing Devices Market is growing at a CAGR of 8.95% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Murata Manufacturing Co. Ltd, Kyocera Corporation, Rakon Ltd, TXC Corporation, Microchip Technology Inc. are the major companies operating in Frequency Control and Timing Devices Market.

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