Global Crystal Oscillator Professional Survey Report 2022, Forecast to 2027

According to the WK Research “Global Crystal Oscillator Professional Survey Report 2022, Forecast to 2027”, Market revenue growth is expected to be driven by rising need for crystal oscillators for manufacturing high-demand products such as smartphones, smartphone accessories, smart speakers, gaming consoles, next-generation televisions, and other consumer electronic devices. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.39% base on WK Research regression analysis model.

Analysts’ Viewpoint:

“Countries around the world are expected to fully adopt 5G technology in the next few years. This shift will further impact the global demand for 5G-enabled devices such as smartphones, networking equipment, network infrastructure and IoT devices, which are expected to adopt such solutions.” said Lisa, Senior analyst, Electronics & Semiconductor Market Research Center in WK Research.” At the same time, the growth in demand for mobile phones is expected to increase significantly with the deployment of 5G networks. By 2024, 5G users are expected to reach 1.9 billion and the market will account for 22% of all mobile users at the time. 5G services are already available in many regions, including South Korea, with more than 1.9 million users.”

Market insight：

Market Driver

Rising development of 5G networks:

Consumer demands are shaping the development of mobile broadband services. The growth in the number of devices and services and the demand for enhanced affordability and user experience require innovative solutions. 5G is expected to connect people, things, data, applications, transport systems, and cities in smart networked communication environments. It could transport a huge amount of data much faster, reliably connect a huge number of devices, and process very high 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 oven-controlled crystal oscillators (OCXOs) help in the easy designing of customer circuits and assist in quality performance for high-speed networks and next-generation wireless telecommunication systems.

Increasing adoption of advanced automotive electronics:

High investment by major players in the automotive industry for manufacturing of Electric Vehicles (EVs) and incentives and subsidies offered by governments of various countries to promote use of EVs are other key factors expected to support demand for crystal oscillators. Research on smart cars is also being conducted by various major international players, which is expected to boost market revenue growth during the forecast period.

Market Challenge

Stability issues in crystal oscillators:

The loss of stability in crystal oscillators manifests itself as “drift,” a phenomenon that can degrade performance and cause many technical and even legal problems, depending on the application. The heat caused by the circuit operating for a long period of time can also negatively affect stability since it can alter the values of components such as inductors, resistors, and capacitors. Other factors include variations in the operating voltage of an oscillator and mechanical vibrations. A major challenge in achieving lasting stability in crystal oscillators is that, in many cases, an oscillator may have been in use for years before signs of drift begin to appear, and it could continue going on for a long time before the drift is detected. Hence, the time period in between the occurrence of the drift and its detection may be crucial as it can cause stability issues, which may cause issues with the device in which the oscillator is used.

Competition Landscape:

The crystal oscillator market is moderately competitive and consists of various major players. In terms of share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many companies are increasing their market presence by securing new contracts and tapping new markets. This WK Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Crystal Oscillator companies that include Murata Manufacturing Co. Ltd, Seiko Epson Corp., Kyocera Corporation, Rakon Ltd, Siward Crystal Technology Co. Ltd, Hosonic Electronic Co. Ltd, Nihon Dempa Kogyo (NDK) Co. Ltd, Vectron International Inc., TXC Corporation, SiTime Corporation, Daishinku Corp. February 2020 - Kyocera Corporation successfully developed a proprietary technology to produce silicon MEMS resonators. These MEMS resonators are majorly used in IoT devices, ADAS, and EV technologies. With the development of this technology, the company can focus on expanding its portfolio in the emerging technology-enabled markets.

Segmentation of Crystal Oscillator Market:

On the basis of crystal cut, the global crystal oscillator market is segmented into AT cut, BT cut, SC cut, and others. The AT cut segment accounted for largest revenue share in the global crystal oscillator market in 2020, and is expected to continue to account for largest revenue share during the forecast period. The AT crystal cut enables the product to function in frequencies ranging between 500 kHz and 300 MHz, and this provides good performance over a wide range of temperatures. Increasing investments by major players in the global market on technological advancements of next-generation oscillators is expected to further support revenue growth of the AT cut segment. The SC cut segment is expected to register a significantly rapid revenue growth rate during the forecast period. This growth is attributable to features such as less sensitivity to mechanical and thermal stress, susceptibility to counterfeit resonances, high Equivalent Series Resistance (ESR), and frequency range between 500 kHz to 3200 MHz. SC cut is mostly used in precise and high-temperature Oven-Controlled Crystal Oscillator (OXCO) applications. Crystal ovens consist of complicated manufacturing processes due to double-angle rotation and precision lapping and polishing processes, and higher ESR provides tremendous stability. Aging characteristic of SC cut enables electronic device manufacturers to offer more effective and improved solutions. These factors are expected to drive revenue growth of the SC cut segment during the forecast period.

On the basis of general circuitry, the global crystal oscillator market is segmented into Temperature Compensated Crystal Oscillator (TCXO), Frequency-Controlled Crystal Oscillator (FCXO), Oven-Controlled Crystal Oscillator (OCXO), Voltage-Controlled Crystal Oscillator (VCXO), and others. The Temperature Compensated Crystal Oscillator segment is expected to register robust revenue growth rate during the forecast period. Rapidly increasing demand for consumer electronics, and need for temperature compensating circuitry to maintain frequency at a wide range of temperatures and various features offered such as precision frequency, small space, reasonable cost, and high performance of temperature compensated crystal oscillator circuit over oven-controlled crystal oscillator circuit are key factors driving adoption of TCXO systems. Rapid growth of the telecommunication sector is resulting in high demand for TCXO, which is expected to drive revenue growth of the TCXO segment.

On the basis of application, the crystal oscillator market is segmented into IT & telecommunication, consumer electronics, military & aerospace, research & measurement, and industrial & medical. The consumer electronics segment accounted for largest revenue share in the global crystal oscillator market in 2022, and is expected to continue to contribute largest revenue share during the forecast period. Increasing adoption of smartphones, smart appliances, and wearable devices globally is expected to drive demand for crystal oscillators in the consumer electronic industry. In addition, development of technologies such as 4G, 5G, and LTE and rapid adoption of the Internet of Things are among some key factors contributing to rising demand for crystal oscillators in the consumer electronics industry. Increasing technological advancements in the IT & Telecommunication industry is expected to drive demand for crystal oscillators during the forecast period. Moreover, rising demand for semiconductor devices to manufacture advanced equipment for use in sectors such as defense, industrial, medical, and research sectors is revenue growth.

Crystal Oscillator Market: Regional Analysis

In terms of geography, the global Crystal Oscillator market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America accounted for largest revenue share in the global crystal oscillator market in 2022. Increasing demand for electronic devices by consumers and in various sectors such as IT, telecommunication, defense, medical, research & measurement, and automotive is expected to continue to drive revenue growth of the crystal oscillator market in the region. In addition, increasing adoption of Automatic Driver Assist System (ADAS) for integration in cars, and rising demand of consumer electronics such as smart devices is expected to boost revenue growth of the market in this region.?

Asia Pacific crystal oscillator market is expected to register robust revenue CAGR during the forecast period. Increasing utilization of electronic devices in defense and medical sectors, continuous technological advancements in the semiconductor industry in countries in the region are among some key factors expected to open up significant revenue opportunities for players operating in the crystal oscillator market. Moreover, rapid urbanization, increasing adoption of smart devices, and development of smart city projects in various developing countries are factors resulting in rising demand for crystal oscillators, and are expected to contribute significantly to revenue growth of the market in the region during the forecast period.

Cagr: 5.39%

largest share area：North America

largest share country：the Unite States

Product Type(by Crystal Cut)：AT Cut, BT Cut, SC Cut, and Others

Product Type(by General Circuitry)：Temperature Compensated Crystal Oscillator (TCXO), Frequency-Controlled Crystal Oscillator (FCXO), Oven-Controlled Crystal Oscillator (OCXO), Voltage-Controlled Crystal Oscillator (VCXO), and Others

Application：IT & Telecommunication, Consumer Electronics, Military & Aerospace, Research & Measurement, and Industrial & Medical