Crystal Oscillators Market

Increased consumption of electronics is driving the market growth

Market CAGR for Crystal Oscillators is being driven by the consumption of electronics. The use of wireless connectivity, including remote keyless entry, is being driven by the growing need for comfort in the crystal oscillators industry operations. They serve as frequency-controlling components in the majority of electronic circuits. Since these devices provide efficiency and technological upgradation has generated demand, it is anticipated that an increase in electronics consumption would increase crystal oscillators’ demand.

International initiatives like the Paris Agreement also increase demand for modern motor vehicles. Several nations, including the US, are enacting harsher pollution regulations for new car models. As a result, automakers are starting to broaden their company's operations into electric mobility. As a result, there will be an increase in demand for mobility services that require the utilization of crystal oscillators and subsequently will increase demand.

The rising market for crystal oscillators experienced a decline due to the temporary closure of manufacturing facilities during COVID-19. Crystal oscillator output has been impacted by global lockdowns, along with country GDPs and per capita incomes. The market's growth has slowed due to the resulting drop in the purchasing power of the general public and the imbalance between the supply and demand mechanisms of the crystal oscillators industry. However, a post-pandemic adaptation of technological advancement and rising information systems lead to the growing demand for crystal oscillators.

For instance, the maximum number of oscillators on a standard smartphone or tablet is five. Continuous technical advancements in business processes result in a greater reliance on technology, which spikes the popularity of smartphones and a quick rise in consumer electronic usage. As a result, it is anticipated that demand for crystal oscillators will increase throughout the projection period due to increased electronics consumption. Thus, driving the Crystal Oscillators market revenue.

The Global Crystal Oscillators Market Industry is poised for expansion due to the emergence of Internet of Things (IoT) applications. As IoT devices proliferate across various sectors, including healthcare, agriculture, and smart cities, the demand for reliable timing solutions becomes paramount. Crystal oscillators are essential for ensuring accurate data transmission and synchronization among interconnected devices. The increasing adoption of IoT technologies is likely to drive market growth, as manufacturers seek to enhance the performance and reliability of their products. This trend suggests a dynamic future for the crystal oscillator market, with potential applications expanding across diverse industries.

The Global Crystal Oscillators Market Industry benefits from the expanding automotive electronics sector. As vehicles become increasingly equipped with advanced driver-assistance systems (ADAS) and infotainment solutions, the need for precise timing components rises. Crystal oscillators play a pivotal role in ensuring the reliability of these systems, which are integral to modern automotive design. The industry's growth is further supported by the projected compound annual growth rate (CAGR) of 5.56% from 2025 to 2035. This growth reflects the automotive industry's shift towards greater automation and connectivity, indicating a sustained demand for crystal oscillators in the coming years.

The Global Crystal Oscillators Market Industry is significantly influenced by advancements in telecommunications technology. With the ongoing rollout of 5G networks, the demand for high-frequency crystal oscillators is expected to escalate. These components are essential for maintaining signal integrity and synchronization in high-speed data transmission. As the telecommunications sector invests heavily in infrastructure, the market is poised for growth. The anticipated increase in market value to 11.1 USD Billion by 2035 underscores the critical role of crystal oscillators in supporting next-generation communication systems. This evolution suggests a promising trajectory for the industry as it adapts to emerging technological demands.

The Global Crystal Oscillators Market Industry experiences a notable surge in demand driven by the proliferation of consumer electronics. Devices such as smartphones, tablets, and wearable technology increasingly rely on precise timing solutions provided by crystal oscillators. In 2024, the market is projected to reach 6.12 USD Billion, reflecting the growing integration of these components in everyday gadgets. As manufacturers strive for enhanced performance and energy efficiency, the reliance on crystal oscillators is expected to intensify, thereby propelling market growth. This trend indicates a robust future for the industry, particularly as consumer preferences shift towards more sophisticated electronic devices.

The Global Crystal Oscillators Market Industry is positively impacted by regulatory support aimed at enhancing the quality and reliability of electronic components. Governments worldwide are implementing standards that promote the use of high-quality timing devices in various applications, including telecommunications and automotive sectors. This regulatory framework encourages manufacturers to invest in advanced crystal oscillator technologies, thereby fostering innovation and improving product performance. As a result, the market is expected to benefit from increased consumer confidence and demand for reliable electronic solutions. This supportive environment indicates a favorable outlook for the crystal oscillator industry as it navigates evolving market dynamics.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region contributed the largest market share due to increased consumption of electronics among consumers. In addition, various automotive industries in this Region are adopting innovative solutions to boost market growth.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Crystal Oscillators Market Share by Region 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

North America Crystal Oscillators market accounts for the second-largest market share as this Region is an end-user for crystal oscillators and is a major tech innovator. Moreover, US Crystal Oscillators market held the largest market share due to its dominance in electronics and semiconductors. The Canada Crystal Oscillators market is the fastest-growing market in the region.

The Europe Crystal Oscillators Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to technological advancements and the adoption of 5G networks. Further, the German Crystal Oscillators market and UK Crystal Oscillators market are the fastest-growing markets in the European Region.

For instance, with the rollout of the 5G network, the demand for smartphones is projected to increase significantly. By the end of 2021, operators in Asia Pacific, North America, and Europe had begun building the technology, reaching 1.9 million subscribers globally. By the end of 2024, it is predicted that there will be 1.9 billion 5G subscriptions worldwide.

Leading market players are investing heavily in research and development innovation and sustainable product solutions, which will help the Crystal Oscillators market to expand more. Market participants are also undertaking organic and inorganic strategies to strengthen and expand their global footprint, with important market developments including innovative product launches, mergers and acquisitions, capital expenditures, and strategic partnerships with other organizations. The Crystal Oscillators industry must offer cost-effective, sustainable solutions to survive in a competitive market.

Focusing on upgrading the quality of quartz and advancing miniaturization is key tactic companies use in the global Crystal Oscillators industry to meet consumers’ needs and increase the market share. In recent years, the Crystal Oscillators industry has offered some of the most significant advantages to digitalization and electronics systems. Major players in the Crystal Oscillators market, including Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co. Ltd. (Japan), TXC Corporation (Taiwan), Kyocera Crystal Device Corporation (Japan), Daishinku Corp. (Japan), Microchip Technology Inc. (US), Murata Manufacturing Co.

Ltd. (Japan), and others, are attempting to increase market demand by providing innovative and sustainable solutions to customer demand.

Seiko Epson Corp., established in 1942, creates, produces, and markets printing solutions, multimedia equipment, wearable technology, and other goods. The business sells products for use in electronic devices for consumers, manufacturing machinery, and automotive applications. In June 2020, several high-stability TCXO-type crystal oscillators from Seiko were released globally, with either CMOS or clipped sine output.

One of the biggest quartz crystal businesses in the world is Nihon Dempa Kogyo, headquartered in Japan. The business creates crystal-related items for use in medicine using its synthetic quartz crystals. The business has recently started to create low-power wireless modules and frequency synthesizers. In August 2020, they launched the NT1612AJA prototyped-frequency, temperature-compensated crystal TCXO oscillator on a global scale.