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Crystal Oscillators Market Research Report - Global Forecast till 2027

Crystal Oscillators Market Research Report: Information by Crystal Cut (AT Cut, BT Cut, GT Cut, SC Cut, and Others), Type (Temperature-Compensated Crystal Oscillator (TCXO) and Simple-Packaged Crystal Oscillator (SPXO), Voltage-Controlled Crystal Oscillator (VCXO), Frequency-Controlled Crystal Oscillator (FCXO), Oven-Controlled Crystal Oscillator (OCXO), and Others), Mounting (Surface Mount and Thru-Hole), End User (Consumer Electronics, Automotive, Telecom and Networking, Aerospace and Defense, Scientific Research, Industrial, and Others)

ID: MRFR/SEM/8986-HCR | December 2022 | Region: Global | 100 Pages         

Crystal Oscillators Market

Crystal Oscillators Market will exhibit a CAGR of 6.2% in the forecast period of 2020-2026 and is expected to reach 4.21 Billion by 2026

Segmentation

By Crystal AT Cut BT Cut GT Cut SC Cut Others
By Type Temperature-Compensated Crystal Oscillator (TCXO Simple-Packaged Crystal Oscillator (SPXO) Voltage-Controlled Crystal Oscillator (VCXO) Frequency-Controlled Crystal Oscillator (FCXO)
By End User Consumer Electronics Automotive Telecom and Networking Aerospace and Defense Scientific Research Industrial
By Application Telecom & Networking Consumer Electronics Military & Aerospace Research & Measurement

Key Players

  • 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)
  • Vectron (US)

Drivers

  • Rising demand for crystal oscillators from consumer electronics
  • Rising adoption of infotainment systems in automobiles
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Crystal Oscillators Market Overview


The crystal oscillators market is estimated to reach USD 4.21 Billion by 2026, registering a CAGR of 6.2% during the forecast period of 2020–2026. The main reason behind this reliable market growth is the rise of significant opportunities in the crystal oscillator market for start-up companies.


The growing demand for crystal oscillators in the global market premises from consumer electronics across various developing and developed regions, followed by the rise of other factors like the rising development of 5G networks, are among the factors driving the growth of the crystal oscillator market. With the potential delays in shipping finished products across automobiles, consumer electronics, aerospace, the COVID-19 outbreak have considerably affected the production of frequency control devices, as well. As a result, the overall frequency control devices market had witnessed a sharp dip in the initial phase of 2020 and then reported a quick bounce back in the second phase. In the initial phase, the demand for crystal oscillators was negatively affected in prominent automotive, consumer electronics, and aerospace industries.


The increasing demand for convenience in the crystal oscillators market operations is driving the application of wireless interconnections, such as remote keyless entry. Crystal devices, such as quartz crystal units and crystal oscillators, are likely to have higher stability against environmental changes. Therefore, they are used as frequency-control devices in most electronic circuits. The application of these crystal units and crystal oscillators in automobiles is expected to increase during the forecast period ending in 2026.


COVID 19 Analysis


The outbreak and the spread of COVID-19 have impacted the crystal oscillator market in 2020, resulting in a decline in crystal oscillator shipments and the market revenues generated from them. As a result, a dip was witnessed in the growing trend of the crystal oscillators market during the first half of 2020. However, the latter half of the pandemic year of 2020 is expected to witness normalization in the inventory levels and increased demand for crystal oscillators owing to the stabilization in demand from consumer electronics, telecom, and networking, automotive, followed by the rise of other factors like research and measurement, industrial, and medical applications. On the other hand, the COVID-19 outbreak has also affected the production of crystal oscillators and the players operating in the crystal oscillator value chain, as manufacturing facilities worldwide have been temporarily shut down to curb the spread of the virus and further maintain the fatalities that have been brought along with it. Global temporary and permanent lockdowns have also affected the production of crystal oscillators, along with the GDP of countries and per capita income worldwide. The consequent reduction in the purchasing power of the masses followed by the mismatch in the demand and supply chain mechanism of the crystal oscillators industry operations has led to a decline in the market's growth.


Market Dynamics


Drivers


The demand for crystal oscillators is rising during the forecast period ending in 2026, with the increasing demand for consumer electronics. Crystal oscillators are used in smartphones, PCs, and others like TVs, smartphone accessories, tablets, wearables, game consoles, smart speakers, VR headsets, and other consumer electronic devices. For example, the VCXO type crystal oscillator is used as an inclusion in various mobile phones where it is interfaced with DAC, which is connected to a microcontroller. This mechanism is used to provide digital input while the DAC produces analog voltage output, which controls the functioning of the VCXO oscillator output. For example, the typical smartphone or tablet has a maximum of 5 oscillators. Continuous technological changes in the market operations cause high dependence on technology, leading to a rapid increase in consumer electronic users and the demand for smartphones. This will lead to the growth of the overall crystal oscillator market as projected for the period that ends in 2026.


Restraints


The crystal oscillators market trends suggest that the IDT's 4H MEMS oscillators can replace quartz crystal clocks in many applications with 50 to 625 MHz, with a very low jitter of 100 fs. In addition, they can be used in the 10-Gbit/s ethernet applications, as well. For example, the SiT15xx series oscillators of SiTime Corporation render a good combination of a MEMS resonator with a fractional-N PLL synthesizer and a set of dividers to provide any frequency from 1 Hz 32.768 kHz. Stability is typically in the 100-ppm range.


As a prominent part of the market functions, Crystal oscillator technology is rapidly maturing and has reached its limits of performance, size, reliability, and cost. Therefore, these oscillators' further improvements or market developments are challenging to achieve. Furthermore, alternative technologies, such as MEMS, are gaining traction in the functioning of the global market. Hence, continuous advancements in oscillator technology have reportedly outdated crystal oscillators since no further advancements in this technology are visible.


Technology Analysis


Global initiatives such as the Paris Agreement prompt the demand for advanced automotive vehicles, and thus, this way, the individuals can add to their contribution. In addition, several countries like the US are enacting stricter emission controls on new vehicle models. Due to this, automakers are beginning to expand their business operations into the electric mobility sector. As a result, every third new car sold will be propelled or assisted by an electric battery by 2025. Over the next decade, the rise of mobility services and autonomous vehicles will stir up yet another revolution in the auto sector. The Chinese region will lead the market by 2040, with projected autonomous vehicle sales of 14.5 million units.


Segment Overview


Crystal Oscillators Market, By Mounting Scheme



  • Surface Mount

  • Through-Hole


Crystal Oscillators Market, By Crystal Cut



  • AT Cut

  • BT Cut

  • SC Cut

  • Others


Crystal Oscillators Market, By General Circuitry



  • Simple Packaged Crystal Oscillator (SPXO)

  • Temperature-Compensated Crystal Oscillator (TCXO)

  • Voltage-Controlled Crystal Oscillator (VCXO)

  • Frequency-Controlled Crystal Oscillator (FCXO)

  • Oven-Controlled Crystal Oscillator (OCXO)

  • Others


Crystal Oscillators Market, By Application



  • Telecom & Networking

  • Consumer Electronics

  • Military & Aerospace

  • Research & Measurement

  • Industrial

  • Automotive

  • Medical


Crystal Oscillators Market, By Region



  • Americas

  • Europe

  • APAC

  • RoW


Regional Analysis


The APAC region had accounted for the largest size of the crystal oscillator in 2019 and is projected to grow at the highest CAGR during the forecast period ending in 2026. The crystal oscillators market's growth in this region can be attributed to significant factors like the increased demand for various consumer electronic devices. In addition, the global market is expected to witness growth in the coming years, as a part of the forecast period ending in 2026, owing to the adoption of different industrial solutions in the regional automotive industry and the necessary government support.


Competitive Landscape



  • Seiko Epson Corporation (Japan)

  • Siward Crystal Technology Co., Ltd. (Taiwan)

  • Nihon Dempa Kogyo Co., Ltd. (Japan)

  • SiTime Corporation (US)

  • TXC Corporation (Taiwan)

  • Hosonic Electronic Co., Ltd. (Taiwan)

  • KYOCERA Crystal Device Corporation (Japan)

  • Murata Manufacturing Co., Ltd. (Japan)

  • Daishinku Corp. (Japan)

  • Microchip Technology Inc. (US)


These are some of the key players in the crystal oscillator market.


Crystal Oscillators Market Recent Developments



  • In July 2020, one of the prominent market companies - Seiko Epson Corporation, launched the TG2016SKA and TG2016SLA TCXO type crystal oscillators. The new products entering the market are automotive-grade, AEC-Q100 compliant, temperature-compensated crystal oscillators that can be used for automotive applications.

  • In June 2020, the same company - Seiko Epson Corporation- launched SG2520CAA, a packaged crystal oscillator (SPXO) with CMOS output that can be used for automotive applications. The product includes an AEC-Q200 compliant, which makes it ideal for high-reliability applications.

  • In June 2020, Seiko Epson Corporation took to the international scale and launched a series of high stability TCXO type crystal oscillators with either CMOS or clipped sine output.

  • In October 2020, some other company, Nihon Dempa Kogyo C0., Ltd., launched a TCXO type crystal oscillator, NT2016SJB, which renders support to 44.1kHz (CD) and 48kHz (PC-Audio) systems. This international market launch aimed to meet the requirements for re-flow profiling using lead-free solder.

  • In August 2020, Nihon Dempa Kogyo C0., Ltd. took to the international scale and introduced NT1612AJA, a low phase-noise, compact, high-frequency, and temperature-compensated crystal TCXO oscillator.


Crystal Oscillators Market Report Overview


The global crystal oscillators market report has been prepared to highlight the market functions before the arrival of the pandemic, followed by the changes introduced post the pandemic outbreak in 2020. The report discusses the market dynamics like the drivers and restraints that either has a positive impact on the market or have chances for a negative impact. Finally, the market report discusses the factors giving rise to the market competition followed by the steps taken by the market players in terms of the recent developments for an excellent market revenue during the period that ends in 2026.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 4.21 Billion
  CAGR   6.2%% (2020-2026)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Crystal, Type, End User and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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   Deployment of 5G networks
  Key Market Drivers

  • Rising demand for crystal oscillators from consumer electronics
  • Rising adoption of infotainment systems in automobiles


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    Frequently Asked Questions (FAQ) :

    The crystal oscillators market size is expected to reach USD 4.21 billion by 2026.

    The crystal oscillators market is predicted to expand at 6.2% CAGR from 2020 to 2026.

    Adoption of consumer electronic devices and accuracy of crystal oscillators are major market drivers of the crystal oscillators market.

    Deployment of 5G networks that improve synchronization and shorten locking time is a prime opportunity for the crystal oscillators market.

    APAC can dominate in the crystal oscillators market till 2026.

    Greenray Industries, Inc., Murata Manufacturing Co., Ltd., Seiko Epson Corporation, Hosonic Electronic Co., Ltd., TXC Corporation, Vectron, Fox Electronics, Bliley Technologies Inc., River Eletec Corp., MTI-Milliren Technologies, Inc., SiWard Crystal Technology Co., Ltd., QVS Tech, Inc., Nippon Crystal, Inc., Nihon Dempa Kogyo Co., Ltd., Microchip Technology Inc., Daishinku Corp., Rakon Ltd., Ecliptek LLC, Mercury Electronic Ind. Co., Ltd., SiTime Corporation, Vishay Intertechnology, Inc., and Kyocera Crystal Device Corporation are key players of the crystal oscillators market.