Quartz Crystal Oscillators Market Size

Quartz Crystal Oscillators Market Analysis

The Global Quartz Crystal Oscillators Market is anticipated to register a CAGR of 5.7% during the forecast period. The oscillators are electronic circuits used to generate an electrical signal of a particular frequency by utilizing the vibrating crystal's (piezoelectric material) mechanical resonance. Although there are different types of piezoelectric resonators, quartz crystal is typically used in these oscillators. Hence, these oscillator electronic circuits are called quartz crystal oscillators in the market studied.

• These products are preferred in multiple applications due to their technical advantages. For example, 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. Additionally, quartz crystals are cheap to produce and procure. Hence, they find many applications in clock circuits in microprocessor boards, radiofrequency applications, the timing element in digital watches, and telecommunications and data transmission.
• Further, automotive system developers use quartz crystal 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. Therefore, vendors in the market studied are expected to focus on developing and offering such solutions over the forecast period.
• The growing incorporation of the quartz crystal oscillator in healthcare devices such as pacemakers further drives the demand. Crystal oscillators are part of the communication modules in the pacemakers and are part of the growing healthcare monitoring IoT devices. In line with this, Ercoms solutions offer ultra-miniature quartz crystal oscillators for medical markets.
• However, many new variants of oscillators in the market are offering strong competition to Quartz Crystal Oscillators, which acts as a restraint to the market growth. For instance, Microelectromechanical systems (MEMS) resonator-based oscillators have been cited for having increased ruggedness, and smaller size compared to quartz crystal oscillators and have the potential of replacing them in many 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 quartz crystal oscillators. Besides, the supply chain disruptions caused by the pandemic affected the procurement of raw materials for many of the major manufacturers. However, with the pandemic-related restrictions easing up, the market is expected to exhibit renewed growth in the coming years.