The global crystal oscillator market is expected to reach USD 4.6 billion by 2027 and will grow at a 2.5% CAGR during the forecast period 2021-2027. The market revenue growth of crystal oscillators is driven by increased demand for connected devices and smartphones, massive demand for advanced equipment especially in the healthcare sector, and rising demand for compact telecommunication systems having low-power consumption and cost-efficient will propel the growth of the global crystal oscillators industry. Furthermore, increased demand for highly stable frequency oscillators, and widespread deployment in military and aerospace sectors for effective communication, electronic warfare, and navigation purposes will further lead to the market development of crystal oscillators.
Additionally, crystal oscillators are growing significantly as they are adopted in phase-locked loop systems, telecommunications, cable televisions, toys and video games, and global positioning system (GPS) technology. Nevertheless, increased adoption of advanced automotive electronics, development of 5G networks, adoption of innovative technologies like MEMS-based crystal oscillators will create potential market opportunities for the market growth of the global crystal oscillator market.
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The COVID-19 pandemic had led to decrease in market revenue and shipment of crystal oscillators. Nonetheless, following the COVID-19 outbreak, the industry will tend to recover, with higher demand for crystal oscillators coming from telecom and networking, consumer electronics, industrial, automotive, research and measurement, and medical sectors.
Insight by Application
Consumer electronics dominate the crystal oscillator market owing to the new launch of consumer electronic products. Crystal oscillators are increasingly being adopted in smartphones, tablets, accessories, PCs, game consoles, TVs, wearables, VR headsets, etc. and uses general circuitry like VCXO, TCXO, and others.
Telecom and networking are anticipated to have significant growth during the forecast period 2021-2027 owing to rapid deployment of 5G networks that raises the demand for precise crystal oscillators.
During the projection period, Asia-Pacific demand for crystal oscillators is expected to increase significantly. The presence of major industry players, continuous projects, and initiatives by government will propel the growth in the region. China is a prominent producer and consumer of crystal oscillators and has a strong foothold in the semiconductor, consumer electronics, and telecommunication industries. Japan also, is one of the prominent consumer of voltage-controlled oscillators in the Asia-Pacific region.
In December 2021, Seiko Epson Corporation have started shipping samples of RX8901CE and RX4901CE, two new RTC (real-time clock) modules with a built-in digital temperature-compensated crystal oscillator (DTCXO). These Epson RTC modules have the smallest package dimensions to date, measuring 3.2 x 2.5 x 1.0 (Max.) mm. The I2C-Bus interface is supported by the RX8901CE, whereas the SPI-Bus interface is supported by the RX4901CE. They both offer precise timekeeping in electronic systems while keeping a small form factor and low current consumption in mind.
The prominent players in the crystal oscillator industry include Seiko Epson Corporation, NIHON DEMPA KOGYO CO., LTD., TXC Corporation, KYOCERA Corporation, Daishinku Corp., Microchip Technology Inc., Murata Manufacturing Co., Ltd., SiTime Corp., Rakon Limited, and SIWARD Crystal Technology Co., Ltd.
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