Crystal Oscillator Market by Type, Mounting Scheme (Surface Mount, Through-hole), Crystal Cut (AT, BT, SC), General Circuitry (TCXO, VCXO, OCXO), Application (Telecom & Networking, Consumer Electronics) and Region - Global Forecast to 2028
Updated on : January 06 , 2024
The global crystal oscillator market was valued at USD 3.0 billion in 2023 and is projected to reach USD 3.4 billion by 2028; it is expected to register a CAGR of 2.5% during the forecast period. Higher demand for crystal oscillators with thriving consumer electronics industry, rising deployment of crystal oscillators in 5G and 6G networks are among the factors driving the growth of the crystal oscillator market.
Crystal Oscillator Market Forecast to 2028
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Market Dynamics:
Driver: Increasing adoption of crystal oscillators in aerospace and defense applications
Crystal oscillators are critical for precise and stable frequency generation in aerospace and defense applications. Their reliability and accuracy make them indispensable in various systems and equipment. One of the primary applications of crystal oscillators in aerospace and defense is in communication systems. They are integral components in radio, radar, and satellite communication systems, as they generate stable carrier frequencies, enabling the accurate transmission and reception of signals, even in challenging and dynamic operational environments.
Crystal oscillators used in aerospace and defense applications must meet stringent reliability, performance, and environmental tolerance requirements. They must be able to withstand harsh environments such as extreme temperatures, shock, vibration, and radiation. Crystal oscillators in these applications are typically subjected to rigorous testing and qualification procedures to ensure they meet these requirements.
Crystal oscillators are used in a wide variety of aerospace and defense applications, where precise and reliable frequency references are essential. Some examples include:
- Aircraft and spacecraft avionics: Crystal oscillators are used in aircraft and spacecraft avionics systems, such as flight control systems, navigation systems, and communication systems. The precise frequency reference provided by crystal oscillators is essential for the accurate operation of these systems.
- Military radar and electronic warfare systems: Crystal oscillators are used in military radar and electronic warfare systems to generate precise and stable frequency signals. These signals are used to track targets, identify threats, and jam enemy communication and radar systems.
- Satellite communication systems: Crystal oscillators are used in satellite communication systems to generate precise and stable frequency signals for uplink and downlink communication.
- Missile guidance and control systems: Crystal oscillators are used in missile guidance and control systems to generate precise and stable frequency signals for navigation and targeting.
- Military test and measurement equipment: Crystal oscillators are used in military test and measurement equipment to provide a precise and stable frequency reference for calibration and testing.
In addition to these specific applications, crystal oscillators are also used in a wide variety of other aerospace and defense applications, such as ground support equipment, training simulators, and communication systems.
Restraint: Availability of cost-effective and more reliable alternative technologies
Microelectromechanical systems (MEMS) resonator-based clocks and oscillators find applications where their precision and stability can match most crystal circuitry while also offering greater reliability, increased ruggedness, smaller size, and even lower cost. IDT Corporation (US) and SiTime Corporation (US) offer new MEMS oscillators. MEMS oscillators are manufactured using standard semiconductor fabrication techniques, which are more cost-effective than the specialized processes used to make crystal oscillators. In addition, MEMS oscillators can be produced in high volumes, which further drives down the cost.
IDT’s 4H MEMS oscillators can replace quartz crystal clocks in many applications with a frequency range of 50 to 625 MHz. with a very low jitter of 100 fs. They can be used in 10-Gbit/s Ethernet applications. The SiT15xx series oscillators of SiTime Corporation combine a MEMS resonator with a fractional-N PLL synthesizer and a set of dividers to provide any frequency from 1 Hz to 32.768 kHz. Stability is typically in the 100-ppm range. Aging is in the ±3-ppm range. Power consumption is a lowly 0.75 µA. The plastic package measures 1.5 by 0.8 by 0.55 mm. The devices can handle up to 50,000-g shock and 70-g vibration.
Due to the standard CMOS silicon techniques used in these devices, they are easier and cheaper to manufacture than crystal oscillators that require specialized manufacturing and packaging techniques. Crystal oscillator technology is rapidly maturing and has reached its limits of performance, size, reliability, and cost. Further improvements or developments in these oscillators are difficult to achieve. Alternative technologies, such as MEMS, are gaining traction in the market. Hence, continuous advancements in oscillator technology have outdated crystal oscillators since no further advancements in this technology are visible.
Opportunity: Growing demand for miniature electronic devices with improved performance
The demand for the miniaturization of electronic devices has grown in every sector, including communications, consumer electronics, automotive, and healthcare equipment. To achieve this, various factors come into play, including the availability of small components that offer better performance and more features.
Advancements in technology have led to the creation of crystal oscillator solutions that are smaller, more effective, and cost-efficient. These developments include enhancements in size reduction, power consumption, temperature stability, and phase noise performance. These developments propel the use of CXOs in both new and existing applications.
The IoT ecosystem relies on accurate and synchronized communication between devices. Crystal oscillators provide reliable time references for IoT networks, ensuring dependable data transfer, device coordination, and sensor data synchronization. They also provide precise timing for machine-to-machine communication and real-time data processing.
Challenge: Frequency drift issues in crystal oscillators after extended use
The occurrence of "drift" in crystal oscillators, resulting in the loss of stability, poses a significant challenge. This phenomenon can lead to performance degradation and various technical or even legal complications, depending on the application. Prolonged operation generates heat that can adversely impact stability by altering component values like inductors, resistors, and capacitors. Other factors such as humidity, pressure, and radiation can impact the characteristics of the crystal, leading to frequency drift. This is especially relevant in applications where the oscillator is exposed to harsh environmental conditions. Also, fluctuations in the power supply voltage can impact the stability of crystal oscillators. It's important to ensure a stable and well-regulated power supply to minimize the impact of voltage variations Additional factors such as variations in operating voltage and mechanical vibrations contribute to instability. Detecting drift is challenging as it may manifest after years of oscillator use, potentially causing issues before detection. The time lapse between drift occurrence and its identification is crucial, as it can introduce stability problems, impacting the performance of devices utilizing the oscillator.
Crystal Oscillator Market Ecosystem
Prominent companies in this market include well-established, financially stable providers of crystal oscillator systems. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), KYOCERA Corporation (Japan), Daishinku Corp. (Japan), SiTime Corporation (US), SIWARD Crystal Technology Co., Ltd. (Taiwan), TXC Corporation (Taiwan), HOSONIC TECHNOLOGY (GROUP) CO., LTD. (Taiwan), Microchip Technology Inc. (US), Murata Manufacturing Co., Ltd. (Japan).
By general circuitry, the VCXO general circuitry is expected to grow with the highest CAGR from 2023 to 2028.
The crystal oscillator market for VCXO general circuitry is expected to record the highest CAGR from 2023 to 2028. VCXO crystal oscillators are essential for applications that require high-precision timing, such as telecommunications, aerospace, and defense. As the demand for these applications continues to grow, so will the demand for VCXO crystal oscillators. Also, the growing adoption of wireless technologies, such as 4G, 5G, and WiFi, is also driving the demand for VCXO crystal oscillators. These technologies require high-precision timing to operate properly..
By crystal cut, AT crystal cut is expected to grow with the highest CAGR in 2028.
AT crystal cut is expected to exhibit the highest CAGR in the crystal oscillator market during in 2028. AT cut crystals are known for their high reliability and long operational life. These factors are crucial in applications where downtime or component failure is not acceptable, such as in aerospace, defense, and telecommunications. These crystals are available in a wide range of frequencies, catering to diverse applications. This flexibility in frequency selection contributes to their widespread adoption in various electronic systems. Also, AT cut crystals are often compatible with complementary metal-oxide-semiconductor (CMOS) technology, allowing for seamless integration into digital circuits commonly used in modern electronics.
By application, the consumer electronics segment is expected to grow with the highest CAGR from 2023 to 2028.
The crystal oscillator market for the consumer electronics segment is expected to exhibit the highest CAGR from 2023 to 2028. The growth of the segment is driven by the need for consumer electronic devices to become increasingly sophisticated and requiring precise timing and frequency control.
IoT is a network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity, which enables these objects to connect and exchange data. Crystal oscillators are essential for providing precise timing and frequency control in IoT devices.
In 2028, Asia Pacific is projected to hold the highest CAGR of the overall crystal oscillator market.
Crystal Oscillator Market by Region
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In 2028, Asia Pacific is projected to account for the largest share of the crystal oscillator market. The factors contributing to the regional market’s growth include the automotive sector, which is increasingly using electronic components, which is driving the demand for crystal oscillators. Crystal oscillators are used in a variety of automotive applications, such as engine control modules, airbag systems, and driver-assistance systems. Asia Pacific, particularly countries such as China, Japan, South Korea, and Taiwan, is a major hub for electronic device manufacturing. The increasing demand for smartphones, tablets, wearables, and other electronic devices drives the need for crystal oscillators.
Key Market Players
Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), KYOCERA Corporation (Japan), Daishinku Corp. (Japan), SiTime Corporation (US), SIWARD Crystal Technology Co., Ltd. (Taiwan), TXC Corporation (Taiwan), HOSONIC TECHNOLOGY (GROUP) CO., LTD. (Taiwan), Microchip Technology Inc. (US), Murata Manufacturing Co., Ltd. (Japan) are some of the key players in the crystal oscillator companies.
Crystal Oscillator Report Scope :
Report Metric |
Details |
Estimated Market Size | USD 3.0 Billion in 2023 |
Projected Market Size | USD 3.4 Billion by 2028 |
Growth Rate | CAGR of 2.5% |
Market Size Availability for Years |
2019–2028 |
Base Year |
2022 |
Forecast Period |
2023–2028 |
Forecast Units |
Value (USD) |
Segments Covered |
|
Geographies Covered |
North America, Europe, Asia Pacific, and RoW |
Companies Covered |
Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), KYOCERA Corporation (Japan), Daishinku Corp. (Japan), SiTime Corporation (US), SIWARD Crystal Technology Co., Ltd. (Taiwan), TXC Corporation (Taiwan), HOSONIC TECHNOLOGY (GROUP) CO., LTD. (Taiwan), Microchip Technology Inc. (US), Murata Manufacturing Co., Ltd. (Japan) are some of the key players in the crystal oscillator market. |
This research report categorizes the crystal oscillator market based on type, mounting scheme, crystal cut, general circuitry, application, and region.
Segment |
Subsegment |
By Type |
|
By Mounting Scheme |
|
By Crystal Cut |
|
By General Circuitry |
|
By Application |
|
By Region |
|
Recent Developments in Crystal Oscillator Industry :
- In September 2023, SiTime Corp. unveiled the SiTime Epoch Platform, a groundbreaking solution engineered to address intricate timing challenges in the electronics industry and revolutionize a century-old reliance on quartz-based technology. This innovative platform introduces a MEMS-based, oven-controlled oscillator (OCXO) that provides exceptionally stable clock signals for data center and network infrastructure equipment.
- In July 2023, SiTime expanded its well-established Endura MEMS ruggedized Super-TCXO family with the addition of the SiT5543. This temperature-controlled oscillator sets a new standard in the TCXO realm for aerospace and defense systems, offering unparalleled stability in demanding conditions.
- In July 2023, Microchip Technology Inc. unveiled a comprehensive, multi-year plan to allocate about USD 300 million toward the expansion of its endeavors in India. India is recognized as one of the world’s swiftest-growing semiconductor industry hubs.
- In June 2023, Murata Manufacturing Co., Ltd. introduced the high-precision "XRCGE_FXA" series of automotive crystal units in 2016 dimensions, and mass production is already underway.
- In May 2022, SIWARD Crystal Technology Co., Ltd, entered a worldwide distribution partnership with Digi-Key Electronics, a provider of readily available electronic components that covers a broad spectrum of SIWARD products, such as crystals, tuning forks, thermistors, oscillators, TCXOs, and VCXOs.
Frequently Asked Questions (FAQ’s):
Which are the major companies in the crystal oscillator market? What are their major strategies to strengthen their market presence?
The major companies in the crystal oscillator market are – Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), KYOCERA Corporation (Japan), Daishinku Corp. (Japan), SiTime Corporation (US), SIWARD Crystal Technology Co., Ltd. (Taiwan), TXC Corporation (Taiwan), HOSONIC TECHNOLOGY (GROUP) CO., LTD. (Taiwan), Microchip Technology Inc. (US), Murata Manufacturing Co., Ltd. The major strategies adopted by these players are product launches and developments.
What is the crystal oscillator system?
A crystal oscillator system is an electronic circuit that uses the piezoelectric effect of a quartz crystal to generate an electrical signal with a very precise frequency. This frequency is used as a reference clock signal for many electronic devices, such as microprocessors, microcontrollers, and radio transmitters.
Who are the winners in the global crystal oscillator market?
Companies such as Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), KYOCERA Corporation (Japan), Daishinku Corp. (Japan), SiTime Corporation (US).), fall under the winner’s category. These companies cater to the requirements of their customers by providing crystal oscillator systems. Moreover, these companies are highly adopting organic growth strategies to strengthen their global market position and customer base.
What are the drivers and opportunities for the crystal oscillator market?
Growing use of crystal oscillators in automotive sector is the driver, and Growing demand for miniature electronic devices with improved performance is the opportunity in the crystal oscillator market
What are the restraints and challenges for the crystal oscillator market?
Availability of cost-effective and more reliable alternative technologies and frequency drift issues in crystal oscillators after extended use are the restraints and challenges in the crystal oscillator market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involved four major activities in estimating the size of the crystal oscillator market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.
Secondary Research
Revenues of companies offering crystal oscillator systems have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.
In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the crystal oscillator market. Secondary sources considered for this research study include government sources, corporate filings, and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.
Secondary research has been mainly used to obtain key information about the supply chain of crystal oscillator systems to identify key players based on their products and prevailing industry trends in the crystal oscillator market by type, mounting scheme, crystal cut, general circuitry, application, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the current scenario of the crystal oscillator market through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up procedure has been employed to arrive at the overall size of the crystal oscillator market.
- Identifying end users that are either using or are expected to use crystal oscillators
- Analyzing major providers of crystal oscillators and original equipment manufacturers (OEMs), as well as studying their portfolios and understanding different technologies used
- Analyzing historical and current data pertaining to the market, in terms of volume, for each product segment of the crystal oscillator market
- Analyzing the average selling price of crystal oscillators based on different technologies used in different products
- Arriving at the market estimates by analyzing the revenue of companies and then combining these figures to arrive at the market size
- Studying various paid and unpaid sources, such as annual reports, press releases, white papers, and databases, to gather the required information
- Tracking the ongoing developments and identifying the upcoming ones in the market that include investments, research and development activities, product launches, collaborations, and partnerships undertaken, as well as forecasting the market based on these developments and other critical parameters
- Carrying out multiple discussions with the key opinion leaders to understand crystal oscillators and related raw materials, as well as products designed and developed to analyze the breakup of the scope of work carried out by the key companies’ manufacturing panels
- Verifying and cross-checking the estimate at every level through discussions with key opinion leaders such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts in MarketsandMarkets.
The top-down approach has been used to estimate and validate the total size of the crystal oscillator market.
- Focusing on top-line investments and expenditures being made in the ecosystems of various end users
- Calculating the market size considering revenues generated by major players through the cost of the crystal oscillator systems
- Segmenting each crystal oscillator application in each region and deriving the global market size based on region
- Acquiring and analyzing information related to revenues generated by players through their key product offerings
- Conducting multiple on-field discussions with key opinion leaders involved in the development of various crystal oscillator offerings
- Estimating the geographic split using secondary sources based on various factors, such as the number of players in a specific country and region and the types of crystal oscillator systems used in mounting scheme, crystal cut, application, and general circuitry
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides in the crystal oscillator market.
Market Definition
A crystal oscillator is an electronic device that uses the mechanical resonance of a piezoelectric material-based vibrating crystal. The vibrations of the crystal convert into oscillations to generate an electric pulse of a specific frequency. The oscillations can be set or modified to generate the desired frequency signals according to application requirements. They operate on the principle of the inverse piezoelectric effect. A quartz crystal is generally used to determine the frequency to obtain a very high level of oscillator stability. Quartz crystals are very cost-effective, naturally available, and robust, and offer excellent performance. Hence, they are preferred over other substances such as Rochelle salt and tourmaline. Crystal oscillators are compact and inexpensive; so, they are extensively used in various applications, such as electronic warfare systems, communication systems, and guidance systems.
Key Stakeholders
- Crystal oscillator manufacturers
- Automotive and consumer electronics companies
- Semiconductor component suppliers
- Crystal oscillator distributors and sellers
- Electronic system assemblers
- Technology solutions providers and design contractors
- Electronics and semiconductor companies
- Raw material suppliers for crystal oscillators
- Technology standards organizations, forums, alliances, and associations
- Universities and research organizations
- Government bodies
Report Objectives
- To describe and forecast the size of the crystal oscillator market, in terms of value, based on mounting scheme, crystal cut, general circuitry, and application
- To describe and forecast the market size of various segments across four key regions—Americas, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value
- To describe the crystal oscillator market, by type
- To forecast the size of the crystal oscillator market, in terms of volume, based on general circuitry
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the crystal oscillator market
- To provide an overview of the value chain pertaining to the crystal oscillator ecosystem, along with the average selling price of crystal oscillator devices
- To strategically analyze the ecosystem, tariff and regulatory landscape, patent landscape, Porter’s five forces, import and export scenarios, and case studies pertaining to the market under study
- To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments
- To provide details of the competitive landscape for market leaders
- To analyze strategies, such as product launches, collaborations, acquisitions, and partnerships, which were adopted by players in the crystal oscillator market
- To profile key players in the crystal oscillator market and comprehensively analyze their market ranking based on their revenue, market shares, and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Growth opportunities and latent adjacency in Crystal Oscillator Market
I am writing a report on the critical analysis of Rakon (NZ) which provides crystal oscillators and I am researching for information that I can include.
We are interested in the production cost, produced quantities and selling prices of TCXOs, VCXOs, MCXOs, FCXOs main users.
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I am curious what type of crystal oscillator is used by OEMs (i.e. FCXO) for system time (i.e. 1588/802.1AS) Or is MEMS silicon used/required by OEMs for this purpose
Interested specifically in knowing where crystal oscillators are being used and sold. I was wondering if you have any reports for Crystal Oscillators market in the United States?
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Before purchase, I would like to cross check if your data matches with our forecast from our consultant. Could you please send me the Table 14 to 17 to verify? Thanks, Vin. Table 14 Tcxo Market Size, by Application, 2012 - 2020 ($Million) Table 15 Tcxo Market Size, by Application, 2012 - 2020 (Million Units) Table 16 Vcxo Market Size, by Application, 2012 - 2020 ($Million) Table 17 Vcxo Market Size, by Application, 2012 - 2020 (Million Units)
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