PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497718
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497718
Key Highlights
The crystal oscillator market was valued at USD 3,030.6 million in 2023, and it will rise to USD 4,136.7 million, powering at a 4.6% compound annual growth rate, by 2030.
The surging product demand in the defense and aerospace sectors are major factor driving the industry.
Crystal oscillators play a key part in defense and aerospace areas because of their high reliability, precision, and balanced frequency generation.
These features are important for many major applications like communications, radar systems, military electronics, military radar, navigation & guidance systems, electronic warfare systems, spacecraft avionics, aircraft, missile guidance, test & measurement equipment, and control systems.
The key function of crystal oscillators in defense and aerospace is communication systems.
For accurate location, targeting, and navigation, crystal oscillators offer precise timing signals to guidance and navigation systems in aircraft, drones, missiles, and various other military assets.
Technological improvement further boosts the need for dependable and tailored crystal oscillators for the defense and aerospace sectors.
The continuing improvements in defense systems involve satellite technology, unmanned aerial vehicles (UAVs), electronic warfare systems, and advanced defense electronics.
The defense and aerospace sectors are subject to stringent needs and greater standards for both quality and performance.
Key Insights
APAC is advancing at a rapid rate, of 6%, in the years to come. This is because of the automotive industry which utilizes electronic parts and contributes to the requirement for crystal oscillators.
Most vehicle applications such as airbag systems, engine control systems, and driver assistance systems rely on crystal oscillators.
In APAC, nations such as Taiwan, China, Japan, and South Korea have robust manufacturing abilities, particularly in semiconductors and electronic devices.
North America is likely to hold a 20% share in 2030. Industry products' rising demand is the key factor for making the continent the largest in terms of shares. '
A shortage of electronic components globally has also raised the costs of specific products. This forms a significant opportunity for regional industry vendors.
The AT crystal-cut category will advance at a rapid rate, of 4%, during this decade. This will be because of their reliability, stability, and greater operational life.
These qualities are essential in applications where component downtime or failure is not acceptable such as in communication, defense, and aerospace.
The Voltage-Controlled Crystal Oscillator (VCXO) will advance at a rapid rate, of 5%, during this decade.
These crystal oscillators have many roles across different electronic systems and devices that offer accurate control of frequency which is alterable by an exterior voltage signal.
Devices like tablets, wearables, mobile phones, and various other devices comprise voltage-controlled crystal oscillators which are necessitated for steady clock signals for connectivity as well as effective operation.
Consumer electronics will continue to propel at the fastest rate, of 4%, during this decade. This is because of the rising acceptance of customer electronic devices which require precise timing and frequency stability.
Consumer electronics include various devices such as smart home devices, tablets, smartphones, game consoles, and wearables.
The key companies in this industry are concentrating on enhancing the quality of quartz devices in automotive applications to compete with the surged requirement for miniaturization and meet the expectations of customers.