by Market Overview:
Crystal oscillators are timing devices that use the mechanical resonance of a vibrating crystal of piezoelectric material to create an electrical signal with a very precise frequency. They are widely used in digital devices to keep track of time, to provide a stable clock signal for microprocessor, microcontrollers and other integrated circuits. They are also used in consumer electronics such as mobile phones, laptops, TVs etc.
The Crystal Oscillator market is estimated to be valued at US$ 2252.43 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the crystal oscillator market is the growing demand for high frequency oscillators driven by the exponential growth in telecommunication networks and advanced technologies such 5G. They are also witnessing increased usage in low-power wireless applications such as Bluetooth and Wi-Fi enabled devices. Crystal oscillators with higher operating frequencies of 100 MHz and above are increasingly being used in telecommunication equipment, networking devices, and test & measurement equipment due to rising transmission speeds. The growing miniaturization of electronics is also boosting the demand for compact, thin and low-profile crystal oscillators.
SWOT Analysis
Strength: Crystal oscillators have higher frequency stability, higher level of precision, lower phase noise, and are resistant to power supply and temperature variations compared to traditional oscillators. These properties make crystal oscillators ideal for synchronization in wireless communication networks.
Weakness: Crystal oscillators have higher production costs compared to traditional oscillators. The crystals also have a limited lifetime and may need replacement over the years.
Opportunity: The growing adoption of IoT devices and 5G network infrastructure provides significant growth opportunities for crystal oscillator manufacturers. Frequency control components are core requirements in wireless systems to synchronize networks and ensure quality of service.
Threats: Advances in MEMS oscillator and SI oscillators pose a threat to crystal oscillators, as the newer oscillators offer miniaturization and cost advantages. Frequency synthesis also provides a lower-cost alternative to crystal oscillators in certain applications.
Key Takeaways
The Global Crystal Oscillator Market Size is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period, due to increasing demand for frequency control components in wireless infrastructure and IoT devices.
Regional analysis: The Asia Pacific region dominates the global crystal oscillator market, accounting for more than 35% of the total share. This is attributed to presence of leading manufacturers as well as rapid growth of telecom and consumer electronics industries in countries such as China and India. North America is expected to exhibit significant growth at a CAGR of 3.5% during the forecast period due to ongoing 5G deployments and growth of IoT applications in the region.
Key players: Key players operating in the Crystal Oscillator market are Murata Manufacturing Co. Ltd, Vectron International Inc., Siward Crystal Technology Co. Ltd, Kyocera Corporation, Nihon Dempa Kogyo (NDK) Co. Ltd, Seiko Epson Corp., Daishinku Corp., Hosonic Electronic Co. Ltd, TXC Corporation, Rakon Ltd and SiTime Corporation.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
