Crystal Oscillator Market worth $3.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Nov. 29, 2023 /PRNewswire/ -- The global crystal oscillator market was valued at USD 3.0 billion in 2023 and is projected to reach USD 3.4 billion by 2028; it is expected to register a CAGR of 2.5% during the forecast period according to a new report by MarketsandMarkets™. The rise in demand for crystal oscillator systems is attributed to the Increasing adoption of crystal oscillators in aerospace and defense applications, growing use of crystal oscillators in automotive sector, higher demand for crystal oscillators with thriving consumer electronics industry, and rising deployment of crystal oscillators in 5G and 6G networks.

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Browse in-depth TOC on "Crystal Oscillator Market" 
157 – Tables
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Crystal Oscillator Market Report Scope:

By Mounting Scheme: surface mount segment to account for the largest market share in the forecasted year.

The surface mount segment accounted for the larger share of ~77% of the crystal oscillator market in 2028. The surface-mount method requires higher capital investment as it requires advanced technologies and skills to solder the components on the PCB. Due to the smaller number of leads, a surface-mount device is smaller in size. This method is largely used in the industry because of its advantages, such as higher component density per unit, lower cost of unit assemblies, and higher unit production.

By Crystal Cut: AT cut segment to account for the largest market share in the forecasted year.

The AT cut segment accounted for the largest share of ~72% of the crystal oscillator market, based on crystal cut, in 2028. The major advantages of this cut are the temperature coefficient, which becomes zero at 26°C, and either side of the crystal is relatively flat. Other benefits include good aging, temperature stability, drive-level sensitivity, frequency overshot, etc. Moreover, it is readily available at low prices, which makes it the preferred cut in most applications.

By General Circuitry: TCXO general circuitry segment to account for the largest market share in the forecasted year.

The TCXO general circuitry segment accounted for the largest market share of ~36% in 2028. TCXO has a good temperature characteristic, is cost-effective, has low power consumption, is compact and light, and has a short start time. Therefore, it is used as the reference oscillator for communication devices and measuring instruments. Communication devices include mobile phones, GPS, land mobile radio systems, microwave communication, and satellite communication systems, and measuring instruments including frequency counters and synthesizers.

By Application: the consumer electronics segment accounts for a largest market share in the forecasted year.

Consumer electronics accounted for the largest share of ~38% of the crystal oscillator industry, by application, in 2028. Crystal oscillators play a vital role in consumer electronics by providing precise and stable clock signals, ensuring the accurate timing and synchronization of various functions. These miniature electronic components utilize the piezoelectric properties of quartz crystals to generate a consistent oscillation frequency, which is crucial for maintaining the correct operation of devices such as smartphones, televisions, and computers. Major growth trends in this sector include virtual and augmented reality, smart speakers, automated homes, drones, robots, and 5G smartphones. Crystal oscillators are used in these applications due to their high stability, good quality, and small size.

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Asia Pacific is expected to hold the largest share of the crystal oscillator Market during the forecast period.

Asia Pacific held the largest share of ~59% in the crystal oscillator market in 2028. The crystal oscillator market in Asia Pacific is projected to witness significant growth during the forecast period. Consumer electronics, 5G installation, and automotive manufacturing are applications that contribute significantly to the growth of this market in Asia Pacific. The region has become a global focal point for large investments and business expansion opportunities.

Key Players-

The key companies based in Asia Pacific that offer crystal oscillators companies include Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), KYOCERA Corporation (Japan), and Daishinku Corp. (Japan).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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