Crystal Oscillator market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2022 - 2032
The global Crystal Oscillator market was valued at US$ 3 Bn in 2021 and is expected to reach US$ 5.7 Bn by 2032 finds Future Market Insights (FMI) in a recent market survey. As per the findings, revenue through the temperature-compensated crystal oscillator (TCXOs) market grew at a CAGR of 2.8% during 2017 – 2021.
Temperature-compensated crystal oscillator (TCXOs) is generally preferred due to their temperature compensating circuitry required during various ranges of temperatures. Moreover, it provides features such as precision frequency, easy availability at a reasonable cost, and small space. Therefore, the demand for temperature-compensated crystal oscillators is fuelling in the market.
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Japan to Emerge As a Lucrative Option in Crystal Oscillator Market.
With the key crystal oscillator companies operating in Japan including Seiko Epson Corporation, Nihon Dempa Kogyo Co., Ltd., KYOCERA Crystal Device Corporation, and Daishinku Corp., crystal oscillator market is expected to be propelled in Japan with a growth rate of 4.9% over the forecast period. Various companies in Japan are forming for the distribution of crystal oscillators in the Japanese Market. This signifies that Japan as the potential to emerge as a leader in the crystal oscillator market and be valued at a US$ 331.2 Mn by 2032.
“Crystal oscillator manufacturers are engaging in expanding their product line up which requires miniaturization and high frequency to meet the industry demands. From automotive to deep space atomic clock, crystal oscillators have provided the required stability and precision required by a myriad of industry segments.” comments an analyst at Future Market Insights.
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Crystal Oscillator Market: Competition Insights
Key providers in the crystal oscillator market are largely focussing on enhancing the quality of quartz devices in automotive applications in order to respond to the advancing need for miniaturization and meet customer needs for an expansive product portfolio.
The key companies operating in the crystal oscillator market include Seiko Epson Corporation, Nihon Dempa Kogyo Co. Ltd., TXC Corporation, Kyocera Crystal Device Corporation, Daishinku Corp., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Hosonic Electronic Co. Ltd., SiTime Corporation, SiWard Crystal Technology Co. Ltd., Rakon Ltd., River Eletec Corp., Mercury Electronic Ind. Co. Ltd., Fox Electronics, Greenray Industries Inc., MTI-Milliren Technologies Inc., QVS Tech Inc., Nippon Crystal Inc. Bliley Technologies Inc., Ecliptek LLC, Vishay Intertechnology Inc., and Vectron.
Some of the recent developments by key providers of Crystal Oscillator are as follows:
· In May 2022, Seiko Espon Corporation started shipping samples of its new addition to crystal oscillators, SPXOs with CMOS output, primarily meant for automotive applications. The product has high stability and measures 2.0 mm x 1.6 mm x 0.6 mm. The new crystal oscillator supports output frequencies up to 170 MHz and has 50% better frequency tolerance for automotive applications.
· In April 2020, Nihon Dempa Kogya Co., initiated the mass production of 3225-size differential output crystal oscillators for the purpose of safety in the automotive industry. The company recognized the need for installing standardized equipment and sensing devices to improve safety. The new oscillator could be used as a reference clock source for high-speed transmission and has a long track record in the automotive market.
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