The crystal oscillator market size is projected to reach USD 3.1 billion by 2025 from an estimated USD 2.8 billion in 2020, at a CAGR of 2.1% from 2020 to 2025. The growing demand for crystal oscillators from consumer electronics and rising development of 5G networks are among the factors driving the growth of the crystal oscillator market.
Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co., Ltd. (Japan), TXC Corporation (Taiwan), KYOCERA Crystal Device Corporation (Japan), Daishinku Corp. (Japan), Microchip Technology Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Hosonic Electronic Co., Ltd. (Taiwan), SiTime Corporation (US), and Siward Crystal Technology Co., Ltd. (Taiwan) are some of the key players in the crystal oscillator market. These players have adopted organic growth strategies, such as product launches and developments , to retain their presence in the crystal oscillator market. Product launches and developments has been the most dominating strategy adopted by the key players from 2018 to 2020 to help them strengthen their product portfolio.
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Nihon Dempa Kogyo Co., Ltd. held the second position in the crystal oscillator market. The company is one of the worlds largest quartz crystal companies. The company manufactures and supplies highly accurate and reliable crystal products using advanced technology and thorough quality control. The company focuses on enhancing its product portfolio and diversifying the application areas of its products by launching new and innovative products.
TXC Corporation has secured third position in the crystal oscillator market. The company is involved in the research, design, manufacture, and supply of dual-inline-package (DIP) and surface mount device (SMD) quartz crystal and oscillator products. The product portfolio of the company includes crystals, oscillators, VCXO, TCXO, and OCXO. The company focuses on launching innovative products and keeping in line with emerging industry trends, such as miniaturization. The company invests highly in developing advanced technology; in 2019, TXC increased its R&D expenditure to 5.8%.
Crystal Oscillator Market with COVID-19 Impact Analysis by General Circuity (SPXO, TCXO, VCXO), Crystal Cut (AT Cut, BT Cut, SC Cut), Mounting Scheme (Surface Mount, Through-Hole) Application (Consumer Electronics), Geography - Global Forecast to 2025
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