The
crystal oscillator market comprises timing solutions and frequency control
devices used across various electronic devices. Crystal oscillators use the
mechanical resonance of vibrating crystal to generate precise electrical
signals of specific frequency. They are widely used in electronic devices such
as smartphones, wearables, laptops, and IoT devices to stabilize clock signals
and enable synchronization for communication protocols. Rise in penetration of
consumer electronics such as smartphones in developing regions is driving the
demand for high-precision timing devices like crystal oscillators.
The Crystal oscillator
market was valued at US $2,342.53 Mn in 2021 and is forecast
to reach a value of US$ 2,898.33 Mn by 2030 at a CAGR of
4.0% between 2022 and 2030.
Key Takeaways
Key players operating in the crystal oscillator are Murata Manufacturing Co.
Ltd, Vectron International Inc., Siward Crystal Technology Co. Ltd, Kyocera
Corporation, Nihon Dempa Kogyo (NDK) Co. Ltd, Seiko Epson Corp., Daishinku
Corp., Hosonic Electronic Co. Ltd, TXC Corporation, Rakon Ltd and SiTime
Corporation. These players are focusing on new product launches and
partnerships to expand their market share. For instance, in 2023, SiTime
Corporation launched its new oscillators platform to enable autonomous driving
vehicles.
Growing demand for consumer electronics such as smartphones, wearables, and IoT
devices are fueling the crystal oscillator market. Further, advancement in 5G
infrastructure and increasing adoption of connected devices are augmenting the
demand. It is estimated that over 6 billion smartphones will be sold in 2024
contributing significantly to the timing solutions market.
Technological advancements are also supporting the Crystal
Oscillator Market Growth. Emergence of MEMS-based oscillator technology
has enabled miniaturization of devices. Further, development of ultra-stable
oscillators with superior frequency stability is increasing their adoption in
critical communication infrastructure and aerospace applications.
Market Trends
1. Growing adoption of SAW and TCXO oscillators – SAW and TCXO oscillators are
gaining popularity owing to their high stability and reliability. SAW
oscillators are increasingly used in telecom infrastructure while TCXO finds
applications in test and measurement equipment.
2. Popularity of automotive crystal oscillators – Advancements in driver-assistance
and autonomous driving are propelling the demand for automotive crystal
oscillators. Features like ADAS, infotainment, telematics are dependent on
precise timing solutions.
Market Opportunities
1. Emergence of IoT – Proliferation of connected devices across industries is
presenting growth opportunities for crystal oscillator manufacturers.
Requirement of low-power and miniaturized timing solutions for IoT sensors and
gateways will drive innovation.
2. Expanding 5G network deployments – Wide-scale implementation of 5G networks
for applications like FWA and mobile broadband will augment the demand for
high-performance oscillators in telecom base stations.
The COVID-19 pandemic has significantly impacted the growth of the crystal
oscillator market. During the initial months of the pandemic, various lockdowns
and restrictions imposed across the globe severely disrupted the supply chains
and halted manufacturing operations. This adversely affected the demand for
crystal oscillators from end-use industries like consumer electronics,
automotive, telecommunication, and aerospace & defense.
However, with lifting of lockdowns and resumption of economic activities, the
crystal oscillator market is gradually recovering. The growing demand for
networking infrastructure and digital connectivity to support remote working
and online education is propelling the growth of telecommunication sector. This
is driving the demand for high-performance crystal oscillators from 5G
infrastructure builders. The rising penetration of IoT devices and increased
focus on industrial automation is also fueling the crystal oscillator market
growth post COVID-19.
To sustain the market momentum, manufacturers are focusing on developing
extremely low-phase noise, high-frequency oscillators required for next-gen
communication technologies like 5G. They are also investing in AI and machine
learning to accelerate product development and ensure reliable supply.
Strategic partnerships and collaborations along the value chain will play a
crucial role in meeting future demands and enabling innovations in the
post-pandemic environment.
North America is currently the largest and most concentrated market for Crystal
Oscillator Market Regional Analysis, in terms of value. Countries like
the US and Canada have strong presence of electronic giants and wireless
network operators. Growing adoption of 5G and exponential rise in advanced
technologies have been driving the demand for high-precision oscillators from
telecom, cloud computing and defense sectors in the region. Asia Pacific is
identified as the fastest growing regional market and is expected to outpace
other regions during the forecast period. Surging demand from consumer
electronics, automotive, industrial equipment manufacturing and infrastructure development
is fueling the crystal oscillator market growth in developing countries of
China, India, Indonesia and Vietnam.
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Oscillator Market
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