The Crystal Oscillators Market Size was valued at USD 5.8 billion in 2023, and expected to reach USD 9.53 billion by 2031, and grow at a CAGR of 6.3% over the forecast period 2024-2031.
The demand for Crystal Oscillators is being propelled by the increasing consumption of electronics. The utilization of wireless connectivity, such as remote keyless entry, is fueled by the growing desire for convenience in various operations within the crystal oscillators industry. Serving as essential frequency-controlling components in a vast array of electronic circuits, these devices have witnessed heightened demand due to their efficiency and the ongoing technological advancements. Consequently, with the projected rise in electronics consumption, it is expected that the demand for crystal oscillators will also increase.
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Furthermore, international initiatives like the Paris Agreement are contributing to the surge in demand for modern motor vehicles. Many countries, including the US, are implementing stricter pollution regulations for new car models, prompting automakers to expand their operations into electric mobility. Consequently, there will be a heightened demand for mobility services that rely on the utilization of crystal oscillators, further driving up the demand for these components.
DRIVERS
The development of 5G networks is accelerating.
Consumer electronics is increasing its demand for crystal oscillators.
Consumer electronics is witnessing a surge in demand for crystal oscillators due to several factors. As technology advances, electronic devices are becoming more sophisticated and compact, requiring smaller and more precise components to meet performance requirements. Crystal oscillators play a crucial role in providing accurate timing signals for various electronic devices, including smartphones, tablets, smartwatches, and laptops. Additionally, the increasing adoption of emerging technologies such as Internet of Things (IoT), wearable devices, and smart home appliances further drives the demand for crystal oscillators in consumer electronics. Manufacturers are continuously innovating to develop crystal oscillators with improved performance, reduced size, and lower power consumption to meet the evolving needs of the consumer electronics market.
RESTRAIN
The presence of alternative technologies that are both cost-effective and more reliable.
Microelectromechanical systems (MEMS) resonator-based clocks and oscillators are utilized in various applications where they offer precision and stability comparable to most crystal circuitry, along with enhanced reliability, increased ruggedness, smaller form factors, and potentially lower costs. Companies like IDT Corporation (US) and SiTime Corporation (US) have introduced innovative MEMS oscillators manufactured using standard semiconductor fabrication techniques, which are typically more cost-effective than the specialized processes used for crystal oscillators. Additionally, MEMS oscillators can be produced in large volumes, further reducing production costs. For example, IDT’s 4H MEMS oscillators can replace quartz crystal clocks across different applications, boasting a frequency range of 50 to 625 MHz and exceptionally low jitter of 100 fs, suitable for 10-Gbit/s Ethernet applications. SiTime Corporation's SiT15xx series oscillators offer any frequency from 1 Hz to 32.768 kHz, with stability within the 100-ppm range and aging within the ±3-ppm range, along with low power consumption of 0.75 µA. These devices, housed in plastic packages measuring 1.5 by 0.8 by 0.55 mm, can withstand up to 50,000-g shock and 70-g vibration.
OPPORTUNITY
There is an increasing need for smaller electronic devices with enhanced performance.
The demand for electronic device miniaturization has surged across various sectors such as communications, consumer electronics, automotive, and healthcare equipment. This drive towards miniaturization hinges on several factors, including the accessibility of compact components offering enhanced performance and additional features. Technological advancements have yielded crystal oscillator solutions that are smaller, more efficient, and cost-effective. These advancements encompass improvements in size reduction, power consumption, temperature stability, and phase noise performance, driving the adoption of crystal oscillators (CXOs) in both new and existing applications. In the IoT ecosystem, accurate and synchronized communication among devices is crucial. Crystal oscillators serve as reliable time references for IoT networks, ensuring consistent data transfer, device synchronization, and sensor data alignment.
CHALLENGES
Crystal oscillators may encounter frequency drift problems over time with prolonged usage.
The occurrence of drift in crystal oscillators, resulting in stability loss, presents a significant challenge. This phenomenon can lead to performance deterioration and various technical or legal issues, depending on the application. Extended operation generates heat, which can adversely affect stability by altering component values such as inductors, resistors, and capacitors. Other factors like humidity, pressure, and radiation can also influence the crystal's characteristics, causing frequency drift. This is particularly relevant in environments where the oscillator is exposed to harsh conditions. Additionally, fluctuations in the power supply voltage can impact crystal oscillator stability, emphasizing the importance of maintaining a stable and well-regulated power supply to mitigate voltage variations. Moreover, variations in operating voltage and mechanical vibrations contribute to instability. Detecting drift is challenging, as it may manifest after years of oscillator use, potentially causing issues before detection. The time gap between drift occurrence and its identification is critical, as it can introduce stability problems, affecting the performance of devices utilizing the oscillator.
The Russia-Ukraine war has adversely affected the Crystal Oscillators Market through various channels. Firstly, disruptions in the supply chain originating from both countries, which serve as sources for raw materials and components used in crystal oscillators, have led to shortages and price escalations for these essential materials. Additionally, the conflict has contributed to a global economic slowdown, resulting in reduced demand for electronics and other products utilizing crystal oscillators. Sanctions imposed on Russia have further complicated matters, making it challenging for some companies to engage with Russian suppliers of crystal oscillators. Overall, the war has instigated uncertainty and instability in the Crystal Oscillators Market, potentially resulting in higher prices and slower growth. The impact is anticipated to vary across regions, with Europe likely to be more affected due to closer economic ties to Russia and Ukraine. Conversely, the war might spur increased demand from alternative sources, presenting opportunities for new suppliers to enter the market.
During economic downturns, reduced capital expenditures by businesses typically lead to decreased demand for electronic components like crystal oscillators, essential for devices such as smartphones, computers, and industrial equipment. This diminished demand often triggers intensified competition among manufacturers, resulting in price reductions for crystal oscillators and potentially tighter profit margins for market players. Additionally, economic slowdowns can disrupt supply chains, making it difficult for manufacturers to access raw materials or finished components, leading to production slowdowns and shortages of crystal oscillators. Nevertheless, amidst these challenges, crystal oscillators' cost-effectiveness and critical applications in essential sectors such as medical devices and telecommunications may provide some resilience, helping to stabilize demand even during economic downturns. Overall, while the impact of an economic slowdown on the Crystal Oscillators Market is expected to be negative, its severity will depend on factors such as the extent and duration of the downturn and the specific market segments affected.
BY TYPE
Simple Packaged Crystal Oscillator
Voltage-Controlled Crystal Oscillator
Oven-Controlled Crystal Oscillator
Temperature-Compensated Crystal Oscillator
Frequency-Controlled Crystal Oscillator
Others
Categorized by Type, the Crystal Oscillators Market comprises Simple Packaged Crystal Oscillator, Voltage-Controlled Crystal Oscillator, Oven-Controlled Crystal Oscillator, Temperature-Compensated Crystal Oscillator, Frequency-Controlled Crystal Oscillator, and Others. The Temperature-Compensated Crystal Oscillator (TCXO) segment emerged as the leading segment in the crystal oscillator market. Its dominance is due to its utilization of temperature compensating circuitry, ensuring frequency stability amidst temperature fluctuations. This feature renders TCXOs widely applicable across various consumer electronics.
BY MOUNTING SCHEME
Through-Hole
Surface Mount
Segmented by Mounting Scheme, the Crystal Oscillators Market includes Through-Hole and Surface Mount categories. Surface mount emerged as the predominant segment in the crystal oscillator market. This growth is attributed to factors such as component miniaturization, high-speed transmission of analogue and digital signals, high-frequency capabilities, and enhanced yield and production efficiency. Surface-mount crystal oscillators offer advantages of low material and production costs and a streamlined manufacturing process. Consequently, these crystal oscillators are increasingly adopted in consumer electronics, as well as telecom and networking applications.
BY CRYSTAL
AT Cut
SC Cut
BT Cut
Others
BY APPLICATION
Telecom & Networking
Military & Aerospace
Industrial
Medical
Consumer Electronics
Research & Measurement
Automotive
In terms of Application, the Crystal Oscillators Market encompasses Telecom & Networking, Military & Aerospace, Industrial, Medical, Consumer Electronics, Research & Measurement, and Automotive sectors. The consumer electronics application is anticipated to lead the crystal oscillator market. This surge is driven by the escalating global demand for various electronic devices like smartphones and tablets.
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The Asia Pacific region is anticipated to hold the largest share of the crystal oscillator market, with factors such as the automotive sector's increasing integration of electronic components driving demand for crystal oscillators. These oscillators find application in various automotive systems like engine control modules, airbag systems, and driver-assistance systems. Asia Pacific, including countries such as China, Japan, South Korea, and Taiwan, serves as a significant hub for electronic device manufacturing. North America's crystal oscillator market holds the second-largest market share, being both a consumer and a major innovator in technology. The United States, in particular, dominates the market due to its strong presence in electronics and semiconductors. Additionally, the Canadian crystal oscillator market is experiencing rapid growth within the region.
In Europe, the crystal oscillators market is projected to witness the fastest Compound Annual Growth Rate (CAGR), driven by technological advancements and the adoption of 5G networks. Specifically, the German and UK crystal oscillators markets are among the fastest-growing within the European region.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The key players in the Crystal Oscillators Market are Seiko Epson Corporation, Kyocera Crystal Device Corporation, Murata Manufacturing, SiTime Corporation, Rakon Ltd, TXC Corporation, Daishinku, Microchip Technology, Hosonic Electronic, SiWard Crystal Technology & Other Players.
Kyocera Crystal Device Corporation-Company Financial Analysis
In September 2023: SiTime Corp. introduced the SiTime Epoch Platform, a groundbreaking solution designed to tackle intricate timing challenges within the electronics industry and transform the longstanding reliance on quartz-based technology, which has endured for over a century. This pioneering platform introduces a MEMS-based, oven-controlled oscillator (OCXO) that delivers exceptionally stable clock signals tailored for data center and network infrastructure equipment.
In July 2023: SiTime expanded its esteemed Endura MEMS ruggedized Super-TCXO family with the release of the SiT5543. This temperature-controlled oscillator sets a new benchmark in the TCXO domain for aerospace and defense systems, offering unparalleled stability even in the most demanding conditions.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 5.8 Billion |
Market Size by 2031 | US$ 9.53 Billion |
CAGR | CAGR of 63% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Type (Simple Packaged Crystal Oscillator, Voltage-Controlled Crystal Oscillator, Oven-Controlled Crystal Oscillator, Temperature-Compensated Crystal Oscillator, Frequency-Controlled Crystal Oscillator, Others) • By Mounting Scheme (Through-Hole, Surface Mount) • By Crystal (AT Cut, SC Cut, BT Cut, Others) • By Application (Telecom & Networking, Military & Aerospace, Industrial, Medical, Consumer Electronics, Research & Measurement, Automotive) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Seiko Epson Corporation, Kyocera Crystal Device Corporation, Murata Manufacturing, SiTime Corporation, Rakon Ltd, TXC Corporation, Daishinku, Microchip Technology, Hosonic Electronic and SiWard Crystal Technology. |
Key Drivers | • The development of 5G networks is accelerating. • Consumer electronics is increasing its demand for crystal oscillators. |
Restraints | • Continuous advances in oscillator technology provide less expensive alternatives. |
The market value is expected to reach USD 9.53 billion by 2031
The key players in the Crystal Oscillators Market are Seiko Epson Corporation, Kyocera Crystal Device Corporation, Murata Manufacturing, SiTime Corporation, Rakon Ltd, TXC Corporation, Daishinku, Microchip Technology, Hosonic Electronic and SiWard Crystal Technology.
The development of 5G networks is accelerating and Consumer electronics is increasing its demand for crystal oscillators
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Crystal Oscillators Market, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Simple Packaged Crystal Oscillator
9.4 Voltage-Controlled Crystal Oscillator
9.5 Oven-Controlled Crystal Oscillator
9.6 Temperature-Compensated Crystal Oscillator
9.7 Frequency-Controlled Crystal Oscillator
9.8 Others
10. Crystal Oscillators Market, By Mounting Scheme
10.1 Introduction
10.2 Trend Analysis
10.3 Through-Hole
10.4 Surface Mount
11. Crystal Oscillators Market, By Crystal
11.1 Introduction
11.2 Trend Analysis
11.3 AT Cut
11.4 SC Cut
11.5 BT Cut
11.6 Others
12. Crystal Oscillators Market, By Application
12.1 Introduction
12.2 Trend Analysis
12.3 Telecom & Networking
12.4 Military & Aerospace
12.5 Industrial
12.6 Medical
12.7 Consumer Electronics
12.8 Research & Measurement
12.9 Automotive
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Poland
13.3.1.2 Romania
13.3.1.3 Hungary
13.3.1.4 Turkey
13.3.1.5 Rest of Eastern Europe
13.3.2 Western Europe
13.3.2.1 Germany
13.3.2.2 France
13.3.2.3 UK
13.3.2.4 Italy
13.3.2.5 Spain
13.3.2.6 Netherlands
13.3.2.7 Switzerland
13.3.2.8 Austria
13.3.2.9 Rest of Western Europe
13.4 Asia-Pacific
13.4.1 China
13.4.2 India
13.4.3 Japan
13.4.4 South Korea
13.4.5 Vietnam
13.4.6 Singapore
13.4.7 Australia
13.4.8 Rest of Asia Pacific
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 UAE
13.5.1.2 Egypt
13.5.1.3 Saudi Arabia
13.5.1.4 Qatar
13.5.1.5 Rest of the Middle East
13.5.2 Africa
13.5.2.1 Nigeria
13.5.2.2 South Africa
13.5.2.3 Rest of Africa
13.6 Latin America
13.6.1 Brazil
12.6.2 Argentina
13.6.3 Colombia
13.6.4 Rest of Latin America
14. Company Profiles
14.1 Seiko Epson Corporation
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Kyocera Crystal Device Corporation
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Murata Manufacturing
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 SiTime Corporation
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Rakon Ltd
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Daishinku
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Microchip Technology
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Hosonic Electronic
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 SiWard Crystal Technology
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 TXC Corporation
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
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