The global crystal oscillator market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
A crystal oscillator is an electronic circuit that creates an electrical signal with a constant frequency using the mechanical resonance of a vibrating crystal of piezoelectric material. It is commonly used to keep track of time in wristwatches, provide a stable clock signal in digital integrated circuits, and stabilize frequencies for radio transmitters and receivers. Moreover, as it can convert electrical energy to mechanical energy and vice versa, it is widely utilized as a sound generator, microphone, and force transducer. At present, atomic oscillators find extensive usage in fields that require high and long-term accuracy and stability.
Crystal Oscillator Market Trends:
Expanding applications of crystal oscillators in different fields represent one of the major factors influencing the market positively. For instance, they are employed in the military and aerospace sectors for efficient communication, navigation purposes, and electronic warfare (EW) in the guidance systems. This, in confluence with the rising focus of military organizations on digitalizing equipment with advanced technologies on account of increasing geopolitical tensions between countries, is contributing to market growth. Moreover, crystal oscillators are used in medical devices and measuring instruments as well as for celestial navigation and space tracking. Apart from this, crystal oscillators are finding applications in electronics, such as computers, digital systems, modems, sensors, disk drives, cameras, mobile phones, and radio systems. In addition, the escalating demand for consumer electronics is impelling the market growth. Furthermore, they are gaining traction in phase-locked loop systems, telecommunications, cable televisions, toys and video games, and global positioning system (GPS) technology. The boosting sales of vehicles are also increasing the adoption of crystal oscillators in the automotive industry worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global crystal oscillator market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, crystal cutting type, mounting scheme and end user.
Breakup by Type:
Voltage-Controlled Crystal Oscillator
Temperature-Compensated Crystal Oscillator
Oven-Controlled Crystal Oscillator
Breakup by Crystal Cutting Type:
Breakup by Mounting Scheme:
Breakup by End User:
IT and Telecommunication
Military and Defense
Automotive and Transport
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being CTS Corporation, Daishinku Corp., KYOCERA Corporation, Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nihon Dempa Kogyo Co. Ltd., Rakon Limited, River Eletec Corporation, Seiko Epson Corporation, Siward Crystal Technology Co. Ltd. and TXC Corporation.
Base Year of the Analysis
Type, Crystal Cutting Type, Mounting Scheme, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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Key Questions Answered in This Report
We expect the global crystal oscillator market to exhibit a CAGR of 5.4% during 2023-2028.
The expanding applications of crystal oscillators across numerous end-use industries, such as military and defense, electronics, IT and telecommunication, etc., for high accuracy and stability, are currently catalyzing the global crystal oscillator market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for crystal oscillators.
Based on the type, the global crystal oscillator market can be segmented into voltage-controlled crystal oscillator, temperature-compensated crystal oscillator, oven-controlled crystal oscillator, and others. Currently, temperature-compensated crystal oscillator exhibits a clear dominance in the market.
Based on the crystal cutting type, the global crystal oscillator market can be divided into AT cut, BT cut, SC cut, and others. Among these, AT cut currently accounts for the majority of the total market share.
Based on the mounting scheme, the global crystal oscillator market has been categorized into surface mount, and thru-hole.
Based on the end user, the global crystal oscillator market can be bifurcated into electronics, IT and telecommunication, military and defense, automotive and transport, and others. Among these, the Electronics currently accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global crystal oscillator market include CTS Corporation, Daishinku Corp., KYOCERA Corporation, Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nihon Dempa Kogyo Co. Ltd., Rakon Limited, River Eletec Corporation, Seiko Epson Corporation, Siward Crystal Technology Co. Ltd., and TXC Corporation.
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