Global Crystal Oscillators Market Overview
Crystal Oscillators Market Size was valued at USD 5.8 Billion in 2023. The Crystal Oscillators industry is projected to grow from USD 6.12 Billion in 2024 to USD 9.45 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024 - 2032). Increased consumption of electronics leads to increased demand for crystal oscillators, and the fast adaption of Information systems in automotive industries are the key market drivers contributing to market growth and expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Crystal Oscillators Market Trends
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.
Crystal Oscillators Market Segment Insights
Crystal Oscillators Crystal Insights
The Crystal Oscillators Market segmentation, based on Crystal, includes AT Cut, BT Cut, GT Cut, SC Cut, and Others. The SC Cut dominated the market, accounting for 55.9% of the market share (USD 3.1 billion) in 2022. The category growth is driven by its efficient and improved solution, which can be utilized in high temperatures.
Crystal Oscillators Type Insights
The Crystal Oscillators Market segmentation, based on Type, Includes Temperature-Compensated Crystal Oscillator (TCXO), Simple-Packaged Crystal Oscillators (SPXO), Voltage-Controlled Crystal Oscillators (VCXO), Frequency-Controlled Crystals Oscillator (FCXO). The TCXO category holds the largest market share in 2022 as it is used extensively in electronic devices.
Crystal Oscillators End User Insights
The Crystal Oscillators Market segmentation, based on End Users, includes Consumer Electronics, Automotive, Telecom and Networking, Aerospace and Defense, Scientific Research, and Industrial. The telecom and networking category generated the highest revenue in 2022 and is projected to grow quickly due to the adoption of 5G networks to boost market share.
Crystal Oscillators Application Insights
The Crystal Oscillators Market segmentation, based on Application, includes Telecom & Networking, Consumer Electronics, Military & Aerospace, and Research & Measurement. The Consumer Electronics category generated the highest revenue of about 57% of the market share in 2022. The key driver for this category’s growth is the increased consumption of electronics.
Figure 1: Crystal Oscillators Market, by Application, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Crystal Oscillators Regional Insights
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.
Crystal Oscillators Key Market Players & Competitive Insights
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.
Key Companies in the Crystal Oscillators market include.
- Kyocera Crystal Device Corporation
- Microchip Technology Inc.
- Murata Manufacturing Co. Ltd.
- Hosonic Electronic Co. Ltd.
- Siward Crystal Technology Co. Ltd.
- Mercury Electronic Ind. Co. Ltd.
- MTI-Milliren Technologies Inc.
- Vishay Intertechnology Inc.
Crystal Oscillators Market Industry Developments
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Q2 2024: SiTime Launches New Precision Timing Solution for 5G Infrastructure SiTime Corporation announced the launch of a new line of precision MEMS-based crystal oscillators designed specifically for 5G infrastructure applications, aiming to improve network reliability and performance.
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Q1 2024: TXC Corporation Announces Expansion of Crystal Oscillator Production Facility in Taiwan TXC Corporation revealed the opening of a new production facility in Hsinchu, Taiwan, to increase manufacturing capacity for high-frequency crystal oscillators used in automotive and IoT applications.
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Q2 2024: Epson Develops Ultra-Miniature Crystal Oscillator for Wearable Devices Seiko Epson Corporation introduced an ultra-miniature crystal oscillator targeting the rapidly growing wearable device market, emphasizing reduced size and improved power efficiency.
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Q2 2024: Murata Manufacturing Appoints New CEO to Drive Growth in Timing Device Segment Murata Manufacturing Co., Ltd. announced the appointment of a new CEO, with a strategic focus on expanding the company's presence in the global crystal oscillator and timing device markets.
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Q1 2024: NDK (Nihon Dempa Kogyo) Secures Major Supply Contract for Automotive Crystal Oscillators NDK signed a multi-year supply agreement with a leading European automotive manufacturer to provide high-reliability crystal oscillators for advanced driver-assistance systems (ADAS).
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Q2 2024: Microchip Technology Launches Automotive-Grade Crystal Oscillator Series Microchip Technology announced the release of a new series of automotive-grade crystal oscillators designed to meet stringent reliability and temperature requirements for next-generation vehicles.
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Q1 2024: Abracon Acquires Fox Electronics to Expand Timing Solutions Portfolio Abracon LLC completed the acquisition of Fox Electronics, a move aimed at broadening its offering of crystal oscillators and frequency control products for global customers.
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Q2 2024: Kyocera Announces Strategic Partnership with Qualcomm for 5G Timing Components Kyocera Corporation entered into a strategic partnership with Qualcomm to co-develop advanced crystal oscillator solutions for 5G mobile and infrastructure platforms.
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Q1 2024: Rakon Opens New R&D Center Focused on Next-Generation Crystal Oscillators Rakon Limited inaugurated a new research and development center in New Zealand dedicated to innovating next-generation crystal oscillator technologies for telecommunications and space applications.
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Q2 2024: SiTime Raises $100 Million in Follow-On Public Offering to Accelerate MEMS Oscillator Development SiTime Corporation completed a $100 million follow-on public offering, with proceeds earmarked for accelerating the development and commercialization of advanced MEMS-based crystal oscillators.
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Q1 2024: TXC Corporation and STMicroelectronics Announce Joint Development Agreement for IoT Timing Solutions TXC Corporation and STMicroelectronics signed a joint development agreement to co-create crystal oscillator solutions optimized for ultra-low-power IoT devices.
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Q2 2024: Epson Receives ISO 26262 Certification for Automotive Crystal Oscillator Production Line Seiko Epson Corporation announced that its crystal oscillator production line received ISO 26262 certification, enabling the supply of safety-critical timing components to the automotive industry.
Crystal Oscillators Market Segmentation
Crystal Oscillators Crystal Outlook
Crystal Oscillators Type Outlook
- Temperature-Compensated Crystal Oscillator (TCXO)
- Simple-Packaged Crystal Oscillator (SPXO)
- Voltage-Controlled Crystal Oscillator (VCXO)
- Frequency-Controlled Crystal Oscillator (FCXO)
Crystal Oscillators End User Outlook
Crystal Oscillators Application Outlook
Crystal Oscillators Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 5.8 billion |
| Market Size 2024 |
USD 6.12 billion |
| Market Size 2032 |
USD 9.45 billion |
| Compound Annual Growth Rate (CAGR) |
5.50% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Crystal, Type, End User, Application, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
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), Hosonic Electronic Co. Ltd. (Taiwan), SiTime Corporation (US), Siward Crystal Technology Co. Ltd. (Taiwan), Rakon Ltd. (New Zealand), River Eletec Corp. (Japan), Mercury Electronic Ind. Co. Ltd. (Taiwan), Fox Electronics (US), Greenray Industries Inc. (US), MTI-Milliren Technologies Inc. (US), QVS Tech Inc. (US), Nippon Crystal Inc. (US), Bliley Technologies Inc. (US), Ecliptek LLC (US), Vishay Intertechnology Inc. (US), and Vectron (US) |
| Key Market Opportunities |
Adaptation for 5G networks |
| Key Market Dynamics |
Increased consumption of electronics leads to increased demand for crystal oscillators. Adaptation of Information Systems in automotive industries |
Frequently Asked Questions (FAQ):
The Crystal Oscillators Market size was valued at USD 5.8 Billion in 2023.
The Crystal Oscillators Market is projected to grow at a CAGR of 5.50% during 2024-2032.
Asia-Pacific had the largest share of the global market.
The key players in the market are 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), Hosonic Electronic Co., Ltd. (Taiwan), SiTime Corporation (US), SiWard Crystal Technology Co., Ltd. (Taiwan), Rakon Ltd. (New Zealand), and Vectron (US).
The SC Cut Crystal Oscillators category dominated the market in 2023.
The Temperature-Compensated Crystal Oscillator (TCXO) had the largest share of the global market.
