Oven-Controlled Crystal Oscillator (OCXO) Market

Oven-Controlled Crystal Oscillator (OCXO) Market by Type, Mounting Scheme (Surface Mount, Through-hole), Application (Consumer Electronics, Telecom & Networking, military & aerospace, Industrial, Automotive, Medical) and Region - Global Forecast to 2028

Report Code: SE 8687 Jun, 2023, by marketsandmarkets.com

The global Oven-Controlled Crystal Oscillator (OCXO) Market size is projected to grow from USD 464 million in 2023 to USD 528 million by 2028; it is expected to grow at a CAGR of 2.6% from 2023 to 2028.

The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO market.

Oven-Controlled Crystal Oscillator (OCXO) Market

Oven-Controlled Crystal Oscillator (OCXO) Market

Oven-Controlled Crystal Oscillator (OCXO) Market Forecast to 2028

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Oven-Controlled Crystal Oscillator (OCXO) Market Dynamics

Driver: Expanding telecommunications industry

The telecommunications industry significantly drives the OCXO market. Precise timing and synchronization are crucial for developing wireless networks, implementing 5G technology, and faster data transfer. Oven-controlled crystal oscillators are essential in satellite, telecom, broadcast, and other space applications.

5G is expected to connect people, things, data, applications, transport systems, and cities in smart network communication environments. It can transfer large volumes of data swiftly, establish reliable connections between devices, and process massive volumes of data with minimal delay.

5G technologies are expected to support applications such as smart homes and buildings, smart cities, 3D video, work and play in the cloud, remote medical services, virtual and augmented reality, and massive machine-to-machine communications for industrial automation.

Various crystal oscillators such as VCXOs, TCXOs, and OCXOs help easily design customer circuits and improve quality performance for high-speed networks and next-generation wireless telecommunication systems. Hence, the rising development of the 5G network is expected to drive the OCXO market, owing to its robust, reliable, and proven temperature-sensing capabilities.

Restraint: Higher power consumption of OCXOs

OCXOs often use more power than other oscillator categories because of the temperature-controlled oven functions. The higher power consumption of OCXOs may restrict their use in situations where power efficiency is important, such as battery-operated devices or low-power systems.

Moreover, excess power consumption frequently leads to increased heat generation, particularly in small form factor devices or systems with constrained heat dissipation capacities. To control the heat produced by OCXOs, manufacturers may need to take additional steps, such as using heat sinks, thermal pads, or cooling systems, which can add complexity and expense. Hence, higher power consumption acts as a key roadblock for the manufacturers of OCXOs, thereby restraining market growth.

Opportunity: Growing need for high-precision timing and frequency stability due to network densification

The telecommunications network is shifting toward next-generation network connectivity and currently uses 4G/5G small cells and synchronous Ethernet to increase network data capacity, resulting in impending network densification. This drives the rapid deployment of end-use devices in uncontrolled environments, which will introduce added stressors on the systems, such as dynamic temperature changes, thermal shock, unpredictable airflow, and vibration.

These dynamic conditions affect component performance, especially the stability of legacy quartz timing devices. Applications requiring highly precise and stable frequency frequently use OCXOs.

The growing need for precise timing in several industries, including telecommunications, aerospace & defense, and scientific research, is expected to drive the OCXOs market. In aerospace & defense applications, OCXOs keep precise time references across many devices and networks, such as atomic clocks, time servers, and synchronization systems.

Challenge: High manufacturing costs compared with other oscillators

OCXOs are typically more expensive than other types of oscillators. Higher manufacturing costs are due to the requirement for precise temperature management and the inclusion of a temperature-controlled oven.

The higher cost can be a reason for the low adoption of OCXOs, particularly in price-sensitive applications. Additionally, the increased cost of OCXOs may provide the potential for other oscillator technologies to gain market share. Users looking to balance price and performance may find lower-cost alternatives, including temperature-compensated crystal oscillators (TCXOs) or MEMS oscillators. As a result, there may be more rivalry, which could affect the OCXO market growth.

The through-hole segment is projected to grow at a higher CAGR during the forecast period.

The through-hole method requires less capital investment because breadboard sockets can be easily used during the prototype design. Also, the manufacturing process using the through-hole method does not require advanced technologies and skills.

Through-hole crystal oscillators have preferable temperature and electrical characteristics and can be used in applications requiring a wide range of frequencies. As through-hole component leads run through the board, it increases the ability of components to withstand environmental stress. Therefore, this technology is commonly used in military, automobile, and aerospace products that may experience extreme accelerations, collisions, or high temperatures.

The DOCXO segment is likely to grow at a higher CAGR during the forecast period

DOCXO is a type of OCXO with an additional outer oven wrapped around the internal OCXO. The outer oven implies that DOCXOs have an additional layer of insulation over which the power input must balance heat dissipation, resulting in a drop in the maximum ambient temperature at which the oven can operate.

The benefits include fast warm-up time, low power consumption, good phase noise, long-term stability for the frequency, and multiple supply voltage options. These oscillators are designed for applications that require precision timing and low-phase noise performance, such as instrument reference, microwave communication, clock reference in microwave source signal, test and measurement, and telecom systems.

Consumer electronics segment to hold the larger share of the market during the forecast period

Consumer electronics is one of the major application areas for OCXOs. Significant trends in this sector include high-end audio and video equipment, network time servers, and test & measurement instruments.

OCXOs are used in consumer electronics applications due to their high stability, good quality factor, and small size. They are used for various roles, such as precise timing and synchronization for accurate video signal processing, data logging in digital to analog converters (DACs), music players, professional-grade video cameras, spectrum analyzers, and signal generators.

Americas likely to hold the larger share of the OCXO market during the forecast period

The Americas is one of the most technologically advanced markets for OCXOs. The region facilitates and advocates the advancement and transformation of cellular technologies such as LTE, 5G, and beyond, which provides huge growth opportunities for OCXO manufacturers.

The automotive and consumer electronics sectors have also seen considerable growth and increased demand in this region. In addition, the number of smartphone and tablet users is also expected to increase in the coming years due to the adoption of changing network technologies. Moreover, the demand for high-end advanced cars is quite high in this region. Thus, technological advancements in these sectors are likely to drive market growth.

Oven-Controlled Crystal Oscillator (OCXO) Market by Region

Oven-Controlled Crystal Oscillator (OCXO) Market by Region

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Key Market Players in Oven-Controlled Crystal Oscillator (OCXO) Industry

The major players in the OCXO companies include Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), Daishinku Corp. (Japan), Microchip Technology Inc. (US), SiTime Corporation (US), Rakon Limited. (New Zealand), Abracon (US), Mercury Electronic Ind. Co., Ltd. (Taiwan), Greenray Industries, Inc. (US), MTI-Milliren Technologies, Inc. (US), QVS Tech, Inc. (US), Bliley Technologies, Inc. (US), CTS Corporation (US), Micro Crystal AG (Switzerland), MtronPTI (US), IQD Frequency Products (UK), Raltron Electronics (US), ECS Inc. (US), and AXTAL GmbH (Germany). These companies have used organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships, to strengthen their position in the market.

Scope of the Oven-Controlled Crystal Oscillator (OCXO) Market Report

Report Metric

Details

Estimated Market Size  USD 464 million in 2023
Projected Market Size USD 528 million by 2028
Growth Rate CAGR of 2.6%

Market Size Availability for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Forecast Units

Value (USD)

Segments Covered

By Mounting Scheme and Type, By Application, Regional Analysis

Geographies Covered

Americas, Europe, Asia Pacific, and RoW

Companies Covered

Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), Daishinku Corp. (Japan), Microchip Technology Inc. (US), SiTime Corporation (US), Rakon Limited. (New Zealand), Abracon (US), Mercury Electronic Ind. Co., Ltd. (Taiwan), Greenray Industries, Inc. (US), MTI-Milliren Technologies, Inc. (US), QVS Tech, Inc. (US), Bliley Technologies, Inc. (US), CTS Corporation (US), Micro Crystal AG (Switzerland), MtronPTI (US), IQD Frequency Products (UK), Raltron Electronics (US), ECS Inc. (US), and AXTAL GmbH (Germany)

Oven-Controlled Crystal Oscillator (OCXO) Market Highlights

This research report categorizes the OCXO market based on by mounting scheme and type,  by application, and by region.

Segment

Subsegment

OCXO Market, By Mounting Scheme

  • Surface Mount
  • Through-hole

OCXO Market, By Type

  • Double Oven Controlled Crystal Oscillators (DOCXO)
  • Evacuated Miniature Crystal Oscillators (EMXO)

OCXO Market, By Application

  • Telecom & Networking               
  • Consumer Electronics
  • Military & Aerospace
  • Research & Measurement
  • Industrial
  • Automotive
  • Medical

OCXO Market, By Region

  • Americas
    • US
    • Canada
    • Mexico
    • Rest of the Americas
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Taiwan
    • Rest of Asia Pacific
  • ROW
    • Middle East
    • Africa

Recent Developments in Oven-Controlled Crystal Oscillator (OCXO) Market

  • In April 2023, TXC Corporation launched a new series of OCXO products—ThermSymHercules. The products achieve the best performance for time synchronization in 5G network infrastructure.
  • In April 2023, SiTime Corporation announced that it would deliver precision timing solutions to Lattice Semiconductor, the low-power programmable leader. The SiTime devices, such as Cascade MEMS-based Clock-System-on-a-Chip (ClkSoC) and an Emerald OCXO or Elite X Super-TCXO, were introduced into Lattice’s new synchronization hardware development platform.
  • In July 2021, The “NH37M28LP” ultra-low phase noise 100 MHz OCXO (crystal oscillator with temperature chamber) was manufactured by NIHON DEMPA KOGYO CO., LTD. This product is the second in the company’s low-noise OCXO in the Ultimate series, utilizing its proprietary low-noise circuitry for measuring instruments, radar systems, medical equipment, and microwave reference signals.
  • In September 2020, Daishinku Corp. launched “Arkh.5G”, an oven-controlled crystal oscillator equipped with Arkh.3G, a next-generation crystal timing device. The product is small in size and offers the advantages of lower cost and power consumption.
  • In April 2020, Microchip Technology Inc. launched the 53100A phase noise analyzer for precision oscillator characterization. The product launch helped research and manufacturing engineers make precise and accurate measurements of frequency signals.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 OCXO MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY 
    1.5 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA 
           FIGURE 2 OCXO MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARIES
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.1 Approach to obtain market share using bottom-up analysis (demand side)
                               FIGURE 5 DEMAND SIDE ANALYSIS: OCXO MARKET
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to obtain market share using top-down analysis (supply side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 7 SUPPLY-SIDE ANALYSIS: OCXO MARKET (1/2)
                               FIGURE 8 SUPPLY-SIDE ANALYSIS: OCXO MARKET (2/2)
           2.2.3 GROWTH PROJECTIONS AND FORECAST-RELATED ASSUMPTIONS
                    TABLE 1 MARKET GROWTH ASSUMPTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 9 OCXO MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS 
           TABLE 2 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT
           2.4.1 RECESSION IMPACT ANALYSIS
                    TABLE 3 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON OCXO MARKET
    2.5 LIMITATIONS 
    2.6 RISK ASSESSMENT 
           TABLE 4 RISK ASSESSMENT: OCXO MARKET
 
3 EXECUTIVE SUMMARY (Page No. - 36)
    FIGURE 10 OCXO MARKET SIZE, 2019–2028
    FIGURE 11 TELECOM AND NETWORKING SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 12 SURFACE MOUNT SEGMENT PROJECTED TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 13 FROM 2023 TO 2028, ASIA PACIFIC TO LEAD OCXO MARKET IN TERMS OF VALUE
 
4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN OCXO MARKET 
           FIGURE 14 GROWING TELECOMMUNICATION INDUSTRY TO DRIVE OCXO MARKET GROWTH
    4.2 OCXO MARKET, BY MOUNTING SCHEME 
           FIGURE 15 SURFACE MOUNT SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.3 OCXO MARKET, BY TYPE 
           FIGURE 16 DOCXO TO DISPLAY HIGHER CAGR IN OCXO MARKET DURING FORECAST PERIOD
    4.4 OCXO MARKET, BY APPLICATION 
           FIGURE 17 IN TERMS OF VALUE, TELECOM AND NETWORKING APPLICATION TO SECURE LARGEST SHARE OF MARKET IN 2028
    4.5 OCXO MARKET, BY COUNTRY 
           FIGURE 18 CHINA TO RECORD HIGHEST CAGR IN OCXO MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 OVEN-CONTROLLED CRYSTAL OSCILLATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Expanding telecommunications industry
                               FIGURE 20 GLOBAL SMARTPHONE SHIPMENTS FORECAST, BY NETWORK (2023) (MILLION UNITS)
                    5.2.1.2 Widening application scope of OCXOs
           5.2.2 RESTRAINTS
                    5.2.2.1 High power consumption of OCXOs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing need for high-precision timing and frequency stability due to network densification
                    5.2.3.2 Rising demand for electronic device miniaturization, improved performance, and increased functionality
           5.2.4 CHALLENGES
                    5.2.4.1 High manufacturing costs compared with other oscillators
                    5.2.4.2 Stability issues in crystal oscillators
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 21 OCXO MARKET: VALUE CHAIN
    5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 
           5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS
                    FIGURE 22 REVENUE SHIFT IN OCXO MARKET
    5.5 ECOSYSTEM/MARKET MAP 
           FIGURE 23 OCXO ECOSYSTEM
    5.6 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 5 OCXO MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 24 PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITIVE RIVALRY
    5.7 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.7.2 BUYING CRITERIA
                    FIGURE 26 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 7 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.8 PATENT ANALYSIS 
           TABLE 8 NUMBER OF PATENTS REGISTERED IN OCXO MARKET IN LAST 10 YEARS
           FIGURE 27 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           FIGURE 28 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022
           TABLE 9 PATENTS PERTAINING TO OCXO, 2020–2023
    5.9 TECHNOLOGY ANALYSIS 
           5.9.1 GREEN CRYSTAL TECHNOLOGY
           5.9.2 HYBRID MICROCIRCUIT TECHNOLOGY
    5.10 CASE STUDIES 
           5.10.1 TXC CORPORATION LAUNCHES NEW OCXO SERIES FOR TELECOMMUNICATIONS
           5.10.2 GREENRAY INDUSTRIES ANNOUNCES TWO OCXOS AT ELECTRONICA 2022 FOR INDUSTRIAL APPLICATIONS
           5.10.3 NIHON DEMPA KOGYO CO., LTD LAUNCHES ULTRA-LOW PHASE NOISE OCXO FOR MEDICAL PURPOSES
           5.10.4 MTI-MILLIREN TECHNOLOGIES INC. LAUNCHES 225 SERIES OCXO FOR DEFENSE AND AEROSPACE OEMS
           5.10.5 MTI-MILLIREN TECHNOLOGIES INC. INTRODUCES 263 SERIES OCXO FOR MILITARY APPLICATIONS
           5.10.6 CTS CORPORATION LAUNCHES VFOV414 AND VFOV415 FOR TEST & MEASUREMENT PURPOSES
    5.11 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 10 OCXO MARKET: LIST OF CONFERENCES AND EVENTS
    5.12 TRADE ANALYSIS 
           5.12.1 TRADE ANALYSIS FOR OCXOS
                    TABLE 11 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 12 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
    5.13 REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 STANDARDS AND REGULATIONS
                    5.13.2.1 Regulations
                    5.13.2.2 Standards
    5.14 PRICING ANALYSIS 
           5.14.1 AVERAGE SELLING PRICE TREND, BY APPLICATION
                    FIGURE 29 OCXO MARKET: AVERAGE SELLING PRICES
 
6 OCXO MARKET, BY MOUNTING SCHEME (Page No. - 63)
    6.1 INTRODUCTION 
           FIGURE 30 OCXO MARKET, BY MOUNTING SCHEME
           FIGURE 31 SURFACE MOUNT OCXOS TO DISPLAY HIGHER CAGR FROM 2023 TO 2028
           TABLE 16 OCXO MARKET, BY MOUNTING SCHEME, 2019–2022 (USD MILLION)
           TABLE 17 OCXO MARKET, BY MOUNTING SCHEME, 2023–2028 (USD MILLION)
    6.2 SURFACE MOUNT 
           6.2.1 OFFERS HIGHER COMPONENT DENSITY PER UNIT AND LOWER COST OF UNIT ASSEMBLIES
    6.3 THROUGH-HOLE 
           6.3.1 REQUIRES LOW CAPITAL INVESTMENT
 
7 OCXO MARKET, BY TYPE (Page No. - 67)
    7.1 INTRODUCTION 
           FIGURE 32 OCXO MARKET, BY TYPE
           FIGURE 33 DOUBLE OVEN-CONTROLLED CRYSTAL OSCILLATORS TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 18 OCXO MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 19 OCXO MARKET, BY TYPE, 2023–2028 (USD MILLION)
    7.2 DOUBLE OVEN-CONTROLLED CRYSTAL OSCILLATOR 
           7.2.1 REQUIREMENT OF PRECISE TIMING AND LOW-PHASE NOISE PERFORMANCE
    7.3 EVACUATED MINIATURE CRYSTAL OSCILLATOR 
           7.3.1 GROWING DEMAND IN AEROSPACE & DEFENSE APPLICATIONS
 
8 OCXO MARKET, BY APPLICATION (Page No. - 70)
    8.1 INTRODUCTION 
           FIGURE 34 OCXO MARKET, BY APPLICATION
           FIGURE 35 TELECOM AND NETWORKING APPLICATION TO DISPLAY HIGHEST CAGR FROM 2023 TO 2028
           TABLE 20 OCXO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 21 OCXO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 22 OCXO MARKET, BY APPLICATION, 2019–2022 (THOUSAND UNITS)
           TABLE 23 OCXO MARKET, BY APPLICATION, 2023–2028 (THOUSAND UNITS)
    8.2 TELECOM & NETWORKING 
           8.2.1 DEPLOYMENT OF 5G NETWORK
                    TABLE 24 TELECOM & NETWORKING: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 25 TELECOM & NETWORKING: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 CONSUMER ELECTRONICS 
           8.3.1 GROWING USE OF ELECTRONIC DEVICES
                               TABLE 26 CONSUMER ELECTRONICS: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 27 CONSUMER ELECTRONICS: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 MILITARY & AEROSPACE 
           8.4.1 ONGOING DEVELOPMENT OF SOPHISTICATED MISSILES AND WEAPONS
                    TABLE 28 MILITARY & AEROSPACE: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 29 MILITARY & AEROSPACE: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.5 RESEARCH & MEASUREMENT 
           8.5.1 IMPROVES PRECISION AND RELIABILITY OF MEASUREMENT AND RESEARCH OPERATIONS
                    TABLE 30 RESEARCH & MEASUREMENT: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 31 RESEARCH & MEASUREMENT: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.6 INDUSTRIAL 
           8.6.1 PRIMARILY USED IN INDUSTRIAL APPLICATIONS TO ACHIEVE FREQUENCY STABILITY
                    TABLE 32 INDUSTRIAL: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 33 INDUSTRIAL: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.7 AUTOMOTIVE 
           8.7.1 TECHNOLOGY DISRUPTION IN AUTOMOTIVE SECTOR
                    TABLE 34 AUTOMOTIVE: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 35 AUTOMOTIVE: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.8 MEDICAL 
           8.8.1 ADVANCEMENTS IN MEDICAL TECHNOLOGY
                    TABLE 36 MEDICAL: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 37 MEDICAL: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 OCXO MARKET, BY REGION (Page No. - 81)
    9.1 INTRODUCTION 
           FIGURE 36 ASIA PACIFIC PROJECTED TO SECURE LARGEST MARKET SHARE IN 2028
           TABLE 38 OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 39 OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.2 AMERICAS 
           FIGURE 37 AMERICAS: SNAPSHOT OF OCXO MARKET
           TABLE 40 AMERICAS: OCXO MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 41 AMERICAS: OCXO MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           TABLE 42 AMERICAS: OCXO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 43 AMERICAS: OCXO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Ongoing automation of industries to boost demand
           9.2.2 CANADA
                    9.2.2.1 Surging investments in development of advanced technologies
           9.2.3 MEXICO
                    9.2.3.1 Participation in FTAs offers lucrative opportunities
           9.2.4 REST OF AMERICAS
           9.2.5 IMPACT OF RECESSION IN AMERICAS
    9.3 EUROPE 
           FIGURE 38 EUROPE: SNAPSHOT OF OCXO MARKET
           TABLE 44 EUROPE: OCXO MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 45 EUROPE: OCXO MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           TABLE 46 EUROPE: OCXO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 47 EUROPE: OCXO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           9.3.1 UK
                    9.3.1.1 Advancements in electronics and networking to drive demand for crystal oscillators
           9.3.2 GERMANY
                    9.3.2.1 Flourishing automotive sector to foster market expansion
           9.3.3 FRANCE
                    9.3.3.1 Surging adoption of AI and ML in industrial sector to bolster market
           9.3.4 REST OF EUROPE
           9.3.5 IMPACT OF RECESSION IN EUROPE
    9.4 ASIA PACIFIC 
           FIGURE 39 ASIA PACIFIC: SNAPSHOT OF OCXO MARKET
           TABLE 48 ASIA PACIFIC: OCXO MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 49 ASIA PACIFIC: OCXO MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           TABLE 50 ASIA PACIFIC: OCXO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 51 ASIA PACIFIC: OCXO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 Rapid industrial development to expand market
           9.4.2 JAPAN
                    9.4.2.1 Rising adoption of precision automation and robotics due to increasing competition to boost market
           9.4.3 SOUTH KOREA
                    9.4.3.1 Growing demand from automotive and consumer electronics industries to drive market
           9.4.4 TAIWAN
                    9.4.4.1 Advanced technology ecosystem to boost market growth
           9.4.5 REST OF ASIA PACIFIC
           9.4.6 IMPACT OF RECESSION IN ASIA PACIFIC
    9.5 ROW 
           9.5.1 MIDDLE EAST
                    9.5.1.1 Presence of young population, rising urbanization, and growing income levels to impact market
           9.5.2 AFRICA
                    9.5.2.1 Flourishing consumer electronics sector to play vital role in growth of market
                               TABLE 52 ROW: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 53 ROW: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
                               TABLE 54 ROW: OCXO MARKET, BY APPLICATION, 2019–2022 (USD THOUSAND)
                               TABLE 55 ROW: OCXO MARKET, BY APPLICATION, 2023–2028 (USD THOUSAND)
 
10 COMPETITIVE LANDSCAPE (Page No. - 98)
     10.1 INTRODUCTION 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN 
             TABLE 56 OVERVIEW OF STRATEGIES DEPLOYED BY KEY OCXO MANUFACTURERS
             10.2.1 PRODUCT PORTFOLIO
             10.2.2 REGIONAL FOCUS
             10.2.3 ORGANIC/INORGANIC GROWTH STRATEGIES
     10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 
             FIGURE 40 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN OCXO MARKET
     10.4 MARKET SHARE ANALYSIS, 2022 
             TABLE 57 OCXO MARKET: DEGREE OF COMPETITION, 2022
     10.5 KEY COMPANY EVALUATION QUADRANT, 2022 
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
                        FIGURE 41 KEY COMPANY EVALUATION QUADRANT: OCXO MARKET, 2022
     10.6 COMPETITIVE BENCHMARKING 
             TABLE 58 COMPANY FOOTPRINT
             TABLE 59 COMPANY APPLICATION FOOTPRINT
             TABLE 60 COMPANY REGION FOOTPRINT
     10.7 COMPETITIVE SCENARIOS AND TRENDS 
             TABLE 61 OCXO MARKET: PRODUCT LAUNCHES, 2020–2023
             TABLE 62 OCXO MARKET: DEALS, 2020–2023
 
11 COMPANY PROFILES (Page No. - 109)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     11.1 KEY PLAYERS 
             11.1.1 NIHON DEMPA KOGYO CO., LTD.
                        TABLE 63 NIHON DEMPA KOGYO CO., LTD.: COMPANY OVERVIEW
                        FIGURE 42 NIHON DEMPA KOGYO CO., LTD.: COMPANY SNAPSHOT
                        TABLE 64 NIHON DEMPA KOGYO CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 65 NIHON DEMPA KOGYO CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
                        TABLE 66 NIHON DEMPA KOGYO CO., LTD: DEALS, 2020–2023
             11.1.2 TXC CORPORATION
                        TABLE 67 TXC CORPORATION: COMPANY OVERVIEW
                        FIGURE 43 TXC CORPORATION: COMPANY SNAPSHOT
                        TABLE 68 TXC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 69 TXC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
             11.1.3 DAISHINKU CORP.
                        TABLE 70 DAISHINKU CORP.: COMPANY OVERVIEW
                        FIGURE 44 DAISHINKU CORP.: COMPANY SNAPSHOT
                        TABLE 71 DAISHINKU CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 72 DAISHINKU CORP.: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
             11.1.4 SEIKO EPSON CORPORATION
                        TABLE 73 SEIKO EPSON CORPORATION: COMPANY OVERVIEW
                        FIGURE 45 SEIKO EPSON CORPORATION: COMPANY SNAPSHOT
                        TABLE 74 SEIKO EPSON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.5 MICROCHIP TECHNOLOGY INC.
                        TABLE 75 MICROCHIP TECHNOLOGY INC.: COMPANY OVERVIEW
                        FIGURE 46 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT
                        TABLE 76 MICROCHIP TECHNOLOGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 77 MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
             11.1.6 SITIME CORPORATION
                        TABLE 78 SITIME CORPORATION: COMPANY OVERVIEW
                        FIGURE 47 SITIME CORPORATION: COMPANY SNAPSHOT
                        TABLE 79 SITIME CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 80 SITIME CORPORATION: DEALS, 2020–2023
             11.1.7 RAKON LIMITED
                        TABLE 81 RAKON LIMITED: COMPANY OVERVIEW
                        FIGURE 48 RAKON LIMITED: COMPANY SNAPSHOT
                        TABLE 82 RAKON LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 83 RAKON LIMITED: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
             11.1.8 MERCURY ELECTRONIC IND. CO., LTD.
                        TABLE 84 MERCURY ELECTRONIC IND. CO., LTD.: COMPANY OVERVIEW
                        TABLE 85 MERCURY ELECTRONIC IND. CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.9 ABRACON
                        TABLE 86 ABRACON: COMPANY OVERVIEW
                        TABLE 87 ABRACON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 88 ABRACON: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
             11.1.10 GREENRAY INDUSTRIES, INC.
                        TABLE 89 GREENRAY INDUSTRIES, INC.: COMPANY OVERVIEW
                        TABLE 90 GREENRAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 91 GREENRAY INDUSTRIES, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
     11.2 OTHER PLAYERS 
             11.2.1 MTI-MILLIREN TECHNOLOGIES, INC.
             11.2.2 QVS TECH, INC.
             11.2.3 BLILEY TECHNOLOGIES, INC.
             11.2.4 IQD FREQUENCY PRODUCTS
             11.2.5 MTRONPTI
             11.2.6 RALTRON ELECTRONICS
             11.2.7 ECS INC.
             11.2.8 CTS CORPORATION
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
12 APPENDIX (Page No. - 142)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 
 

The study involved four major activities in estimating the size of the OCXO 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 OCXOs 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 secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases.

Secondary research has been mainly conducted to obtain critical information about the value chain of the market, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market-and technology-oriented perspectives. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated by primary research.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the OCXO market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand and supply sides across 4 major regions: Americas, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

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:

Oven-Controlled Crystal Oscillator (OCXO) Market Size, and Share

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 OCXO market.

  • Identifying the types of OCXOs and their penetration in different applications
  • Analyzing the penetration of each type of OCXO through secondary and primary research
  • Identifying the ASP of different types of OCXOs for the respective applications by conducting multiple discussion sessions with key opinion leaders to understand the detailed working of OCXOs and their implementation in multiple applications; this helped analyze the break-up of the scope of work carried out by each major company
  • Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, and operation managers, and finally with MarketsandMarkets’ domain experts
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Oven-Controlled Crystal Oscillator (OCXO) Market Size, and bottom-up-Approach

The top-down approach has been used to estimate and validate the total size of the OCXO market.

  • Focusing on the expenditures being made in the ecosystem by OCXO manufacturers
  • Splitting the market by type, mounting scheme, application, and region, and listing the key developments
  • Identifying all leading players and end users in the OCXO market based on type, mounting scheme, and application through secondary research and verifying them through a brief discussion with industry experts
  • Analyzing revenues, product mix, and geographic presence of all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing splits with the industry experts to validate the information and identify the key growth pockets across all segments
  • Breaking down the total market size based on verified splits and key growth pockets across all segments

Oven-Controlled Crystal Oscillator (OCXO) Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the OCXO market from the estimation process explained earlier, the global market was split into several segments and subsegments. Where applicable, data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.

Market Definition

An oven-controlled crystal oscillator (OCXO) is a crystal oscillator designed to provide highly stable and accurate frequency signals. OCXOs can achieve extremely high-frequency stability and low-phase noise by maintaining a steady temperature. The oven-controlled design compensates for temperature fluctuations in the environment, resulting in improved accuracy and long-term frequency stability.

OCXOs have excellent frequency stability, often reaching parts per billion (ppb) or even parts per trillion (ppt) levels. This level of stability makes them suitable for applications where precise timing is critical.

Key Stakeholders

  • Manufacturers of OCXOs
  • Automotive and consumer electronics companies
  • Suppliers of semiconductor components
  • Distributors and sellers of OCXOs
  • Assemblers of electronic systems
  • Providers of technology solutions and design contractors
  • Electronics and semiconductor companies
  • Suppliers of raw materials for OCXOs
  • Technology standards organizations, forums, alliances, and associations
  • Universities and research organizations
  • Government bodies

Report Objectives

  • To describe and forecast the oven-controlled crystal oscillator (OCXO) market on the basis of application in terms of value and volume
  • To define and estimate the OCXO market on the basis of type and mounting scheme in terms of value
  • To describe and predict the market size of various segments across four key regions—Americas, Europe, Asia Pacific, and the Rest of World (RoW), in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the OCXO market 
  • To offer an overview of the value chain pertaining to the OCXO ecosystem, along with the average selling prices of OCXOs
  • To strategically analyze the ecosystem, tariff and regulatory landscape, patent landscape, Porter’s five forces, import and export scenarios, trade landscape, and case studies pertaining to the market under study
  • To examine micromarkets with regard to individual growth trends, prospects, and contributions to the overall market
  • To scrutinize 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 and development, acquisition, partnership, agreement, collaboration, agreement, expansion, and merger adopted by players in the OCXO market
  • To profile key players in the OCXO market and comprehensively analyze their market ranking based on their revenue, market share, and core competencies
  • Updated market developments of profiled players: The current report includes the market developments from 2020 and April 2023

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
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