Oscillator Market Size

Oscillator Market Analysis

The Oscillator market was valued at USD 5.9 billion in 2022. It is expected to register a CAGR of 4.8% over the forecast period. The oscillators are electronic circuits that generate an electrical signal of a particular frequency by utilizing the vibrating crystal's (piezoelectric material) mechanical resonance. Although there are different piezoelectric resonators, quartz crystal is most commonly used in these oscillators.

• Increasing demand for convenience is driving the application of wireless interconnections, like remote keyless entry. 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 application of crystal units and crystal oscillators in automobiles is expected to grow during the forecast period. These products are preferred in multiple applications due to their technical advantages. Quartz crystals in oscillators result in high-frequency stability, a high-quality factor of resonance, and low-temperature drift, making it an obvious choice for applications with such needs.
• Also, 5G adoption in the world continues to grow fast, with GSMA predicting that there will be around 2 billion 5G connections worldwide by 2025. The timing requirements for network nodes are very high in 5G network applications. Network devices require stable clocks to shorten the locking time, decrease holdover drift, and improve synchronization. Thus, there is a significant need for the use of high-performance crystal oscillators to ensure stable system operation.
• Moreover, Microelectromechanical systems (MEMS) resonator-based clocks and oscillators are filling applications where their precision and stability can match most crystal circuitry while providing greater reliability, increased ruggedness, smaller size, and even lower cost. Vendors, such as SiTime, are offering MEMS oscillators for different applications.
• The outbreak of the COVID-19 pandemic halted the manufacturing operations of many electronic devices, which is one of the key areas of applications of 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, the market is expected to exhibit renewed growth in the coming years.
• Further, crystal oscillators have a very limited tuning range and are used for frequencies exceeding 100 kHz. The crystal oscillators are also fragile and can only be used in low-power circuits. Such factors may act as a restraint for market growth.