The global crystal oscillators market is likely to grow steadily. The growing use of crystal oscillators in automotive engine controlling, clock & trip computers, stereos, and GPS systems would drive the market growth. Market Research Future (MRFR) asserts that the global crystal oscillators market is poised to escalate from USD 5.5 BN in 2022 to USD 9.45 BN by 2032, growing at a 6.20% CAGR during the review period (2023-2032).
Leading crystal oscillators market players are
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In military & aerospace, crystal oscillators are used in the efficient communication system for navigation purposes and electronic warfare in guidance systems. In research & measurement, crystal oscillators are used for celestial navigation & space-tracking purposes in medical devices and measuring instruments. However, industrial applications of crystal oscillators predominantly drive market growth.
Also, rising uses of crystal oscillators in consumer goods, such as cable television systems, video cameras, cellular phones, radio systems, personal computers, and toys & video games, boost the market size. Some common applications of crystal oscillators include Quartz watches, various audio & video systems, radio, TV & other communication devices, computers, alarms & buzzes, metal detectors, stun guns, inverters, and ultrasonic and radiofrequency applications.
Crystal Oscillators Market – Segments
The market report is segmented into crystals, types, end-users, applications, and regions. The crystal segment is sub-segmented into AT Cut, BT Cut, GT Cut, and SC Cut. The type segment is sub-segmented into Simple-Packaged Crystal Oscillator (SPXO), temperature-compensated crystal oscillator (TCXO), voltage-controlled crystal oscillator (VCXO), and frequency-controlled crystal oscillator (FCXO).
The end-user segment is sub-segmented into automotive, consumer electronics, telecom & networking, aerospace & defense, scientific research, and industrial. The application segment is sub-segmented into telecom & networking, consumer electronics, military & aerospace, and research & measure.
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Global Crystal Oscillators Market – Regional Analysis
The Asia-Pacific region dominates the global crystal oscillators market. The rising focus on technological advances and using renewable power sources across industry verticals is a key driving force. Besides, the availability of unique technologies at affordable costs boosts the crystal oscillators market size. The presence of many electronic device manufacturing companies fosters the region’s crystal oscillators market revenues. China, Japan, and India are the key crystal oscillator markets, substantially driving the market growth in the region.
Crystal Oscillators Market – Competitive Analysis
Highly competitive, the crystal oscillators market is largely driven by the presence of several well-established players. To gain a larger competitive share, mergers & acquisitions, collaboration, expansion, and product launches remain popular trends for industry players. They invest substantially in product development and expand their global footprints.
Recent Developments/Industry Updates
Aug. 31, 2023 — Abracon, a leading supplier of innovative electronic components, announced the brand revitalization of its recently acquired NEL Frequency Controls Inc. (the US), a manufacturer of ultra-low phase noise crystal oscillators and modules. The refreshed branding includes NEL’s new, modernized logo and color scheme, which reflects the evolution. The acquisition will make NEL’s products available through Abracon’s global distribution and sales networks to help expand its presence and solutions capabilities worldwide.
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