Global Crystal Oscillator Market Size to worth USD 3.7 Billion by 2033: Market Insight Report

Global Crystal Oscillator Market Size to worth USD 3.7 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Crystal Oscillator Market Size is Expected to Grow from USD 2.8 Billion in 2023 to USD 3.7 Billion by 2033, at a CAGR of 2.83% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Crystal Oscillator Market Size, Share, and COVID-19 Impact Analysis, By General Circuitry (Simple Packaged Crystal Oscillator (SPXO), Temperature-Compensated Crystal Oscillator (TCXO), Voltage-Controlled Crystal Oscillator (VCXO), Frequency-Controlled Crystal Oscillator (FCXO), Oven-Controlled Crystal Oscillator (OCXO), and Others), By Crystal Cut (AT cut, BT cut, SC cut, and Others), By Application (Telecom & Networking, Consumer Electronics, Military & Aerospace, Research Measurement, Industrial, Automotive, and Healthcare), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

A crystal oscillator is a form of electric oscillator circuit in which the frequency is determined by a piezoelectric resonator. The frequency-determining component, a wafer of quartz crystal or ceramic with electrodes attached, is commonly referred to as a "crystal" in electronics. Crystal oscillators are preferably used by manufacturers due to their accuracy and stability. The increasing demand for miniaturized electronic devices with improved performance and cost-effective solutions is providing lucrative market growth opportunities for crystal oscillators. The growing adoption of crystal oscillators in aerospace and defense applications due to their reliability and accuracy in various systems is responsible for driving the market growth. The requirement for precise timing in electronic devices, from industrial automation systems to smartphones is driving the market demand for crystal oscillators. On the contrary, the availability of more reliable and cost-effective technologies is hampering the crystal oscillator market.  

The voltage-controlled crystal oscillator (VCXO) segment is anticipated to grow at the fastest CAGR during the forecast period.

Based on the general circuitry, the crystal oscillator market is classified into simply packaged crystal oscillator (SPXO), temperature-compensated crystal oscillator (TCXO), voltage-controlled crystal oscillator (VCXO), frequency-controlled crystal oscillator (FCXO), oven-controlled crystal oscillator (OCXO), and others. Among these, the voltage-controlled crystal oscillator (VCXO) segment is anticipated to grow at the fastest CAGR during the forecast period. There is an increasing demand for VCXO crystal oscillator for applications including telecommunications, aerospace, and defense. The expanding use of wireless technologies like WiFi, 4G, and 5G is driving the market growth.

The AT cut segment is anticipated to grow at a rapid pace in the laser marking market during the forecast period.

Based on the crystal cut, the crystal oscillator market is classified into AT cut, BT cut, SC cut, and others. Among these, the AT cut segment is anticipated to grow at a rapid pace in the laser marking market during the forecast period. The high reliability and long operational life of AT cut crystal are crucial for applications including aerospace, defence, and telecommunications. Further, complementary metal-oxide-semiconductor (CMOS) technology frequently works with AT cut crystals, enabling a smooth integration into digital circuits that are frequently utilized in contemporary electronics.

The consumer electronics segment is expected to register the fastest CAGR growth through the forecast period.

Based on the application, the crystal oscillator market is classified into telecom & networking, consumer electronics, military & aerospace, research measurement, industrial, automotive, and healthcare. Among these, the consumer electronics segment is expected to register the fastest CAGR growth through the forecast period. The requirement for consumer electronics to become more sophisticated and require accurate timing and frequency control is driving the market growth in the consumer electronics segment.

North America is projected to hold the largest share of the global crystal oscillator market over the forecast period.

North America is projected to hold the largest share of the global crystal oscillator market over the forecast period. For producers of crystal oscillators, the US is becoming a viable market. Circuits, memory chips, and other input devices required for electronics manufacture are produced by the nation's semiconductor and other electronic component manufacturing industries. Further, the growing penetration of electric vehicles is contributing to driving the market growth. The increasing penetration of smartphones and IoT-based devices as well as the developing aerospace and defense industry are fueling the market.

Asia Pacific is predicted to grow at the fastest CAGR in the crystal oscillator market over the forecast period. The increasing use of wireless interconnections including remote keyless entry are contributing to driving the market. Further, the surging demand for high-frequency applications in telecommunication, consumer electronics, and automotive industries is driving the market in the region.

Competitive Analysis

Major key players in the crystal oscillator market include Seiko Epson Corporation, NIHON DEMPA KOGYO CO., LTD., KYOCERA Corporation, Daishinku Corp., SiTime Corporation, SIWARD Crystal Technology Co., Ltd., TXC Corporation, HOSONIC TECHNOLOGY (GROUP) CO., LTD., Microchip Technology Inc., Murata Manufacturing Co., Ltd., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2023, SiTime Corporation, the precision timing company, announced the SiTime Epoch Platform, designed to solve the most complex timing issues in electronics and disrupt 100-year-old quartz-based technology.

• In July 2023, Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced a multi-year initiative to invest approximately $300 million in expanding its operations in India, one of the world’s fastest-growing semiconductor industry hubs.

• In May 2022, Siward is announcing a global distribution partnership with Digi-Key Electronics, which offers electronic components in stock for a wide range of Siward products, including crystal, tunning fork, thermistor, oscillators, TCXO, and VCXO.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global crystal oscillator market based on the below-mentioned segments:

Global Crystal Oscillator Market, By General Circuitry  

• Simple Packaged Crystal Oscillator (SPXO)
• Temperature-Compensated Crystal Oscillator (TCXO)
• Voltage-Controlled Crystal Oscillator (VCXO)
• Frequency-Controlled Crystal Oscillator (FCXO)
• Oven-Controlled Crystal Oscillator (OCXO)
• Others

Global Crystal Oscillator Market, By Crystal Cut

• AT Cut
• BT cut
• SC cut
• Others

Global Crystal Oscillator Market, By Application  

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

Global Crystal Oscillator Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa