Global Crystal Oscillator Market Research Report 2023-2030: Intense Competition Drives Innovation, Growing Demand in Consumer Electronics and Wearables
The global crystal oscillator market held a value of US$ 2.26 Billion in 2022 and is projected to reach US$ 3.48 Billion by the year 2030.
DUBLIN, Oct. 24, 2023 /PRNewswire/ -- The "Global Crystal Oscillator Market, By Type; By Technology; By Mounting Scheme; By Sales Channel-Estimation & Forecast, 2017-2030" report has been added to ResearchAndMarkets.com's offering.
The global crystal oscillator market held a value of US$ 2.26 Billion in 2022 and is projected to reach US$ 3.48 Billion by the year 2030. The market is anticipated to register a CAGR of 5.68% during the forecast period.
The global crystal oscillator market is characterized by intense competition among key players in the industry. Some of the prominent companies operating in this market include Murata Manufacturing Co. Ltd, Seiko Epson Corporation, Kyocera Corporation, Rakon Ltd, TXC Corporation, Siward Crystal Technology Co. Ltd, Hosonic Electronic Co. Ltd, Nihon Dempa Kogyo (NDK) Co. Ltd, and other notable players.
In June 2022, Q-Tech Corporation introduced the QTCC353 series of miniature SMD crystal oscillators, which are designed to offer enhanced performance compared to MEMS devices. These oscillators find applications in a wide range of sectors, including non-space military, communications, instrumentation, and avionics.
Similarly, in August 2022, Rakon launched the RPT7050LG, a low g-sensitivity TCXO (Temperature-Compensated Crystal Oscillator) with high stability, packaged in a compact 7.0 x 5.0 x 1.5 mm size. With an assured sensitivity level of =0.1 ppb/g, this TCXO is considered one of the most advanced and compact low g-sensitivity TCXOs available in the market. Such innovations and advancements contribute to the rapid adoption of crystal oscillator technology, further driving market growth.
The rapid and continuous growth of the smartphone, tablet, wearable, and consumer electronics markets has led to an increased demand for crystal oscillators. These oscillators are integral components in the generation of accurate and stable clock signals, which are essential for the proper operation of electronic devices.
For example, in April 2022, Kyocera Corporation unveiled plans to construct one of its largest manufacturing facilities in Japan, aiming to expand its production capacity for components like organic semiconductor packages and crystal device packages.
The telecommunications industry, in particular, relies heavily on high-frequency and precise timing solutions. Crystal oscillators play a pivotal role in delivering dependable clock signals for various telecommunications equipment, wireless communication devices, and base stations. This support for advanced telecommunication technologies is vital for the growth and evolution of the telecommunications sector.
In June 2022, Euroquartz introduced the latest range of miniature surface mount TCXOs, EM211T, providing frequency stability from 2.5 ppm. The new series offers frequencies from 10 to 60 MHz with CMOS outputs in a miniature 2.0 x 1.36 x 0.7 mm SMD package.
The global market report answers questions such as:
- What is the market size and forecast of the market?
- What are the inhibiting factors and impact of COVID-19 on the market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the market?
- What is the competitive strategic window for opportunities in the market?
- What are the technology trends and regulatory frameworks in the market?
- What is the market share of the leading players in the market?
- What modes and strategic moves are considered favorable for entering the global market?
Segments Overview:
By Type:
The Temperature-Compensated Crystal Oscillator segment accounts for the highest CAGR of 6.02% during the forecast period.
- Voltage-Controlled Crystal Oscillator
- Temperature-Compensated Crystal Oscillator
- Oven-Controlled Crystal Oscillator
- Others
By Technology:
The AT Cut segment holds the highest CAGR of 5.97% during the forecast period.
- AT Cut
- BT Cut
- SC Cut
By Mounting:
The surface mount holds the highest share of more than 60%.
- Surface Mount
- Thru Hole
By Industry Vertical:
The IT and Telecommunication segment holds the highest share of $855.8 million in 2022.
- Electronics
- IT and Telecommunication
- Military and Defense
- Automotive and Transport
- Others
Regional Overview:
By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America
Asia Pacific accounts for the fastest CAGR of 6.17% and the largest market share of more than 35% in 2022.
- US
- Canada
- Mexico
- Europe
- Western Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of Latin America
For more information about this report visit https://www.researchandmarkets.com/r/pigcqh
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:SOURCE Research and Markets
