PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1390414
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1390414
Scope of the Report | |
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Years Considered for the Study | 2023-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Value (USD Billion) |
Segments | By Type, Mounting Scheme, Crystal Cut, General Circuitry, Application and Region |
Regions covered | North America, Europe, APAC, RoW |
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. Rising use of CXOs in aerospace & defense applications is driving the growth of the crystal oscillator market. Whereas the availability of cost-effective and more reliable alternative technologies is restraining the growth of the crystal oscillator market.
"The AT cut segment is expected to grow at the highest CAGR during the forecast period."
The crystal oscillator market for AT cut is expected to record the highest CAGR of 2.9% during the forecast period. Some of its other features include a combination of temperature stability, low frequency drift, high accuracy, miniaturization capabilities, low power consumption, wide frequency range, reliability, and cost-effectiveness. These factors collectively make AT cut crystal oscillators a preferred choice in various industries where precise and stable frequency sources are essential. AT cut crystal oscillators are mainly used in electric vehicles (EVs), smart meters, and other general electronic devices. AT cut crystal oscillators are used to provide a stable reference frequency for the powertrain control unit (PCU) in EVs. The PCU is responsible for controlling the electric motor and other components of the powertrain.
"Through-hole segment to register growth at the second-higher CAGR during the forecast period."
The through-hole segment is expected to grow at a second-higher CAGR of 1.5% during the forecast period. Crystal oscillators are used in industrial automation applications to provide precise timing signals for controllers, sensors, and actuators. Through-hole crystal oscillators are well-suited for these applications due to their reliability and performance. Through-hole crystal oscillators have preferable temperature and electrical characteristics and can be used in applications requiring a wide range of frequencies. Some crystal oscillators using through-hole mounting schemes are ECS-2100AX-049 and ECS-2100AX-283.2, offered by Seiko Epson Corporation (Japan).
"The North America segment is likely to grow at the second highest CAGR during the forecast period."
The North American region is expected to witness the second highest CAGR of 2.0% during the forecast period. The presence of ecosystem players such as Microchip Technology Inc., SiTime Corp., Abracon, Greenray Industries, Inc., MTI-Milliren Technologies, Inc., QVS Tech, Inc., Bliley, Vishay Intertechnology, Inc. are contributing to the growth in North America.
Breakdown of primaries
The crystal oscillator market is dominated by a few globally established players such as Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), KYOCERA Corporation (Japan), Daishinku Corp. (Japan), SiTime Corporation (US). The study includes an in-depth competitive analysis of these key players in the crystal oscillator market, with their company profiles, recent developments, and key market strategies.
The report segments the crystal oscillator market and forecasts its size by type, mounting scheme, crystal cut, general circuitry, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions-North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the crystal oscillator ecosystem.