Market Size of Quartz Crystal Oscillators Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.70 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Quartz Crystal Oscillators Market Analysis
The Global Quartz Crystal Oscillators Market is anticipated to register a CAGR of 5.7% during the forecast period. The oscillators are electronic circuits used to generate an electrical signal of a particular frequency by utilizing the vibrating crystal's (piezoelectric material) mechanical resonance. Although there are different types of piezoelectric resonators, quartz crystal is typically used in these oscillators. Hence, these oscillator electronic circuits are called quartz crystal oscillators in the market studied.
- These products are preferred in multiple applications due to their technical advantages. For example, quartz crystals in oscillators result in high-frequency stability, a high-quality factor of resonance, and low-temperature drift, making it an obvious choice for applications with such needs. Additionally, quartz crystals are cheap to produce and procure. Hence, they find many applications in clock circuits in microprocessor boards, radiofrequency applications, the timing element in digital watches, and telecommunications and data transmission.
- Further, automotive system developers use quartz crystal and oscillator timing solutions that are prone to shock and vibration issues. With the advent of ADAS, the requirement for clocking, complex data acquisition rates, and low jitter reference clocks is increasing. Therefore, vendors in the market studied are expected to focus on developing and offering such solutions over the forecast period.
- The growing incorporation of the quartz crystal oscillator in healthcare devices such as pacemakers further drives the demand. Crystal oscillators are part of the communication modules in the pacemakers and are part of the growing healthcare monitoring IoT devices. In line with this, Ercoms solutions offer ultra-miniature quartz crystal oscillators for medical markets.
- However, many new variants of oscillators in the market are offering strong competition to Quartz Crystal Oscillators, which acts as a restraint to the market growth. For instance, Microelectromechanical systems (MEMS) resonator-based oscillators have been cited for having increased ruggedness, and smaller size compared to quartz crystal oscillators and have the potential of replacing them in many applications.
- The outbreak of the COVID-19 pandemic halted the manufacturing operations of many electronic devices, which is one of the key areas of applications of quartz crystal oscillators. Besides, the supply chain disruptions caused by the pandemic affected the procurement of raw materials for many of the major manufacturers. However, with the pandemic-related restrictions easing up, the market is expected to exhibit renewed growth in the coming years.
Quartz Crystal Oscillators Industry Segmentation
Quartz crystal oscillator makes use of quartz crystal as a frequency selective element for obtaining an inverse piezoelectric effect. It uses the mechanical resonance of the vibrating crystal that has piezoelectric properties to obtain an electric signal with a high-precision frequency. The study considers different types of quartz crystal oscillators and mounting types, along with the applications in the end-user industries, geographical developments, and driving factors in global and regional markets which influence the demand for quartz crystal oscillators. The study also covers the impact of COVID-19 on the market.
By Circuit Type | |
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) | |
Other Circuit Types |
By Mounting Type | |
Surface Mount | |
Thru-Hole |
By End-User | |
Consumer Electronics | |
Military and Aerospace | |
Industrial | |
Automotive | |
Healthcare | |
Other End Users |
By Geography | |
North America | |
Europe | |
Asia Pacific | |
Latin America | |
Middle East and Africa |
Quartz Crystal Oscillators Market Size Summary
The quartz crystal oscillator market is poised for steady growth, driven by its widespread application across various industries due to its technical advantages such as high-frequency stability and low-temperature drift. These oscillators, utilizing quartz crystals for their piezoelectric properties, are integral in microprocessor boards, telecommunications, and automotive systems, among others. The demand is further bolstered by their cost-effectiveness and reliability in harsh environments, making them a preferred choice in military and aerospace applications. However, the market faces competition from emerging technologies like MEMS resonators, which offer advantages such as increased ruggedness and smaller size. The COVID-19 pandemic temporarily disrupted manufacturing and supply chains, but the market is expected to recover and grow as restrictions ease.
Regionally, the Asia-Pacific is anticipated to experience the fastest growth, fueled by a burgeoning smartphone market and advancements in electronic technologies in countries like China and India. The region's electronics industry, supported by government initiatives and increased production of electronic devices, is a significant driver of demand for quartz crystal oscillators. South Korea also plays a crucial role, with its industries adopting these oscillators for consumer electronics, semiconductors, and 5G services. The market is characterized by high competition, with established players launching new products and engaging in strategic collaborations to maintain their market share. Recent developments include the introduction of high-performance oscillators and the expansion of frequency limits to meet the demands of advanced communication technologies.
Quartz Crystal Oscillators Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Intensity of Competitive Rivalry
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1.2.5 Threat of Substitute Products
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1.3 Industry Value Chain Analysis
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1.4 Assessment of COVID-19 impact on the Market
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2. MARKET SEGMENTATION
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2.1 By Circuit Type
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2.1.1 Simple Packaged Crystal Oscillator (SPXO)
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2.1.2 Temperature-compensated Crystal Oscillator (TCXO)
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2.1.3 Voltage-controlled Crystal Oscillator (VCXO)
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2.1.4 Frequency-controlled Crystal Oscillator (FCXO)
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2.1.5 Oven-controlled Crystal Oscillator (OCXO)
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2.1.6 Other Circuit Types
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2.2 By Mounting Type
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2.2.1 Surface Mount
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2.2.2 Thru-Hole
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2.3 By End-User
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2.3.1 Consumer Electronics
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2.3.2 Military and Aerospace
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2.3.3 Industrial
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2.3.4 Automotive
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2.3.5 Healthcare
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2.3.6 Other End Users
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2.4 By Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia Pacific
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2.4.4 Latin America
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2.4.5 Middle East and Africa
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Quartz Crystal Oscillators Market Size FAQs
What is the current Quartz Crystal Oscillators Market size?
The Quartz Crystal Oscillators Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)
Who are the key players in Quartz Crystal Oscillators Market?
Miyazaki Epson Corporation, Nihon Dempa Kogyo (NDK) Co. Ltd, Oscilloquartz (ADVA), Murata Manufacturing and Daishinku Corp. (KDS) are the major companies operating in the Quartz Crystal Oscillators Market.