Crystal Oscillator Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.99 Billion |
| Market Size (2029) | USD 3.60 Billion |
| CAGR (2024 - 2029) | 3.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Crystal Oscillator Market Analysis
The Crystal Oscillator Market size is estimated at USD 2.99 billion in 2024, and is expected to reach USD 3.60 billion by 2029, growing at a CAGR of 3.80% during the forecast period (2024-2029).
Crystal devices like quartz crystal units and crystal oscillators have high stability against environmental changes. Therefore, they are used as frequency control devices in electronic circuits.
- The increasing demand for convenience is driving the application of wireless interconnections, such as remote keyless entry. The application of crystal units and crystal oscillators in automobiles is expected to increase during the forecast period.
- Crystal oscillators, such as brake control, anti-blocking systems, airbags, and tire pressure monitoring systems (TPMS), are widely used in safety applications. The demand for precision, coupled with growing requirements, improving regulations for safety applications, and the necessity for fast data transmission, is driving the adoption of crystal units and oscillators.
- The demand for crystal oscillators has increased with the use of WiFi and Bluetooth combo chipsets in smartphone applications. Considering the increasing support for these applications in consumer products, the consumer electronics segment is expected to witness strong potential growth during the forecast period.
- However, many other variants of oscillators in the market offer strong competition to quartz crystal oscillators, restraining the market growth. For instance, MEMS resonator-based oscillators increase ruggedness and are smaller than crystal oscillators; they can potentially replace them in many applications.
- COVID-19 halted the manufacturing operations of many electronic devices, one of the primary areas of applications of crystal oscillators. Besides, the supply chain disruptions caused by the pandemic affected the procurement of raw materials for many major manufacturers. However, with the pandemic-related restrictions easing up in most regions around the globe, the market has started picking up and is expected to witness steady growth in the coming years.
Crystal Oscillator Market Trends
Consumer Electronics Segment is Expected to Hold the Prominent Share
- Frequent new launches of consumer electronic products are expected to fuel the market for crystal oscillators. Crystal oscillators are used in cable television systems, personal computers, digital cameras, radio systems, smartphones, and wearables.
- The growing penetration of smartphones is also creating significant demand for crystal oscillators. Usually, a smartphone has one or two 3 x 1.5 mm low-power 32 kHz quartz crystal oscillators, one primarily used for sleep-mode timing next to the baseband processor and the other commonly used to drive the power management chips.
- TXC Corporation’s SMD Crystal Oscillators with CMOS Output, 8N, and 8R Series, are designed with specifications of an output frequency range of 4-54 MHz, supply voltage up to 3.63 V, and frequency stability at 25, 50, and 100 ppm, for making them ideal for smartphones and sip modules, among other compact portable consumer products.
- Wireless data exchange has emerged as one of the most critical application areas for frequency components. This is applicable to wearables, such as fitness wristbands and smartwatches, which transmit the data to the wearer’s smartphone, and to intelligent production machines that communicate with each other as part of IoT applications. In all such cases, quartz crystals provide precise radio frequencies and ensure that the transmitter and receiver are on the same wavelength.
- For consumers, while making a purchase, the battery life of wearables is a key factor. In order to maximize the battery life, developers leverage the extended idle time by placing microcontrollers and other power-consuming components in a low-power sleep state. However, even in the lowest power sleep states, the systems need a real-time clock (RTC) to maintain the wall clock time and manage the scheduled events.
North America is Expected to Hold Significant Market Share
- The United States is emerging as a potential market for crystal oscillator manufacturers. The country's semiconductor and other electronic component manufacturing sectors produce a range of input devices necessary for electronics production, including circuits and memory chips.
- The industry has witnessed expansion over the past few years despite continued offshoring and greater competition from other regional manufacturers. The primary factor for this has been the growing demand for industry products, both domestically and abroad, and a global shortage of electronic components, which increased the prices of certain products. This offers a massive opportunity for regional studied market vendors.
- The country is home to some of the major automotive manufacturers, which is expected to create a demand for automotive equipment. Additionally, the increasing penetration of electric vehicles in the region is creating growth opportunities for the vendors operating in the market. For instance, in October 2022, Magna International announced the development of two new manufacturing facilities and the expansion of a third facility in Michigan to develop components specifically for electric vehicles.
- Moreover, the increasing penetration of smartphones and IoT-based devices in the region proliferates the demand for crystal oscillators. A typical smartphone or tablet uses up to five oscillators. According to Ericsson Mobility Report, 5G subscriptions in North America grew by 110 million during the third quarter of 2022 to around 870 million, and the number is expected to reach 1 billion by the end of 2022. Moreover, the company anticipates the region would have the highest 5G penetration at 91%. Additionally, as per Cisco, the region will have 329 million mobile users in early 2023, up from 313 million in 2018.
- The increasing development in the aerospace and defense industry also fuels the market. In Feb 2022, Orca Systems, a fabless semiconductor company delivering digital RF technology, announced its first wireless system-on-chip (SoC) solution for the satellite Internet of Things (IoT), the ORC3990. Components used in the ORC 3990 include a temperature-compensated crystal oscillator (TCXO), passive filters, and switches, among others.
Crystal Oscillator Industry Overview
The crystal oscillator market is semi-consolidated and consists of various major players. Some of the major players in the market are Murata Manufacturing Co. Ltd., Seiko Epson Corporation, Kyocera Corporation, Rakon Ltd., and Vectron International Inc. (Microchip Technology). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- July 2023 - Kyocera Corporation has released its (OCXO) products, where KYOCERA AVX’s new KOV Series standard voltage-controlled OCXOs employ modern layout topologies and robust designs that deliver outstanding performance in these and other applications, enabling customers to achieve a very stable frequency which can be achieved via a sinewave or a superstable timing source such as CMOS clock output.
- August 2022 - Rakon launched the RPT7050LG, a low g-sensitivity TCXO with high stability in a 7.0 x 5.0 x 1.5 mm package size. It is one of the most advanced compact low-g-sensitivity TCXOs on the market, with a guaranteed sensitivity of 0.1 ppb/g.
Crystal Oscillator Market Leaders
Murata Manufacturing Co. Ltd
Seiko Epson Corporation
Kyocera Corporation
Rakon Ltd
Vectron International Inc. (Microchip Technology)
*Disclaimer: Major Players sorted in no particular order
Crystal Oscillator Market News
- October 2023 - Kyocera AVX, one of the global manufacturers of advanced electronic components, planned to build an approximately 50,000-square-foot production facility in Knowledge Park at Penn State Behrend. The facility would serve as a corporate headquarters and manufacturing base for a new division created by Kyocera's purchase of Bliley Technologies. This Erie-based company manufactures crystal oscillators and low-noise frequency-control products for the aerospace, defense, and commercial satellite industries.
- January 2023 - Epson has announced two new Real Time Clock (RTC) modules, the Epson RX4901CE and RX 8901CE family for commercial and industrial markets and the Epson RA4000CEand RA8000CE for the automotive section. These new solutions are introduced to complement Epson's existing RTC module line, which incorporates a crystal unit and an IC in the same package that enables a more straightforward implementation of this technology for different commercial and car applications.
Crystal Oscillator Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of the Macroeconomic Trends on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing 5G Adoption Across the World
5.1.2 Rising Demand From Advanced Automotive Applications
5.2 Market Restraints
5.2.1 Lack of New Improvements in Addition to the Technology Getting Matured with Substitutes
5.2.2 COVID-19 Outbreak Influencing the Electronics Industry
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Temperature Compensated Crystal Oscillator (TCXO)
6.1.2 Simple Packaged Crystal Oscillator (SPXO)
6.1.3 Voltage Controlled Crystal Oscillator (VCXO)
6.1.4 Frequency Controlled Crystal Oscillator (FCXO)
6.1.5 Oven Controlled Crystal Oscillator (OCXO)
6.1.6 Other Types
6.2 By Mounting Type
6.2.1 Surface Mount
6.2.2 Thru-hole
6.3 By End-user Industry
6.3.1 Consumer Electronics
6.3.2 Automotive
6.3.3 Telecom and Networking
6.3.4 Aerospace and Defense
6.3.5 Research and Measurement
6.3.6 Industrial
6.3.7 Other End-user Industries
6.4 By Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Rest of the World
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Murata Manufacturing Co. Ltd
7.1.2 Seiko Epson Corporation
7.1.3 Kyocera Corporation
7.1.4 Rakon Ltd
7.1.5 Vectron International Inc. (Microchip Technology)
7.1.6 TXC Corporation
7.1.7 SiTime Corporation
7.1.8 Daishinku Corp.
7.1.9 Siward Crystal Technology Co. Ltd
7.1.10 Hosonic Electronic Co. Ltd
7.1.11 Nihon Dempa Kogyo (NDK) Co. Ltd
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Crystal Oscillator Industry Segmentation
Crystal oscillator uses a crystal as a frequency-selective element for obtaining an inverse piezoelectric effect. It uses the vibrating crystal's mechanical resonance that has piezoelectric properties to obtain an electric signal with a high-precision frequency.
The crystal oscillator market is segmented 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)), mounting type (surface mount, thru-hole), by end-user industry (consumer electronics, automotive, telecom and networking, aerospace and defense, research and measurement, industrial), by geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of USD value for all the above segments.
| 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 |
| By Mounting Type | |
| Surface Mount | |
| Thru-hole |
| By End-user Industry | |
| Consumer Electronics | |
| Automotive | |
| Telecom and Networking | |
| Aerospace and Defense | |
| Research and Measurement | |
| Industrial | |
| Other End-user Industries |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Crystal Oscillator Market Research FAQs
How big is the Crystal Oscillator Market?
The Crystal Oscillator Market size is expected to reach USD 2.99 billion in 2024 and grow at a CAGR of 3.80% to reach USD 3.60 billion by 2029.
What is the current Crystal Oscillator Market size?
In 2024, the Crystal Oscillator Market size is expected to reach USD 2.99 billion.
Who are the key players in Crystal Oscillator Market?
Murata Manufacturing Co. Ltd, Seiko Epson Corporation, Kyocera Corporation, Rakon Ltd and Vectron International Inc. (Microchip Technology) are the major companies operating in the Crystal Oscillator Market.
Which is the fastest growing region in Crystal Oscillator Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Crystal Oscillator Market?
In 2024, the North America accounts for the largest market share in Crystal Oscillator Market.
What years does this Crystal Oscillator Market cover, and what was the market size in 2023?
In 2023, the Crystal Oscillator Market size was estimated at USD 2.88 billion. The report covers the Crystal Oscillator Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Crystal Oscillator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Crystal Oscillator Industry Report
Statistics for the 2024 Crystal Oscillator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Crystal Oscillator analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
