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
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 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
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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
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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% |
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Market Size Availability for Years |
2019–2028 |
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Base Year |
2022 |
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Forecast Period |
2023–2028 |
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Forecast Units |
Value (USD) |
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Segments Covered |
By Mounting Scheme and Type, By Application, Regional Analysis |
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Geographies Covered |
Americas, Europe, Asia Pacific, and RoW |
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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.
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Segment |
Subsegment |
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OCXO Market, By Mounting Scheme |
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OCXO Market, By Type |
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OCXO Market, By Application |
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OCXO Market, By Region |
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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.
Frequently Asked Questions (FAQ):
What is the current size of the global OCXO Market?
The OCXO market 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.
Who are the winners in the global OCXO Market?
Companies including Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), Daishinku Corp. (Japan), and Microchip Technology Inc. (US)., dominated the OCXO market.
Which region is expected to hold the highest market share?
Asia Pacific is expected to dominate the OCXO market during the forecast period. Growing demand for telecom & networking and the presence of established OCXO component manufacturers are the major factors contributing to the market growth in Asia Pacific.
What are the major drivers related to the OCXO market?
Expanding the telecommunications industry and widening the application scope of OCXOs are some major drivers related to the OCXO market.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, and partnerships to strengthen their position in the OCXO 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 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:
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
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
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
Growth opportunities and latent adjacency in Oven-Controlled Crystal Oscillator (OCXO) Market