Crystal Oscillator Market To Generate Revenue worth $4,136.7 Million by 2030

The crystal oscillator market will generate revenue of USD 3,030.6 million by the end of 2023, which is expected to witness a CAGR of 4.6% during 2024–2030, reaching USD 4,136.7 million by 2030. It will be due to the wide usage of crystal oscillators in aerospace and defense industries, consumer electronics, automotive industry, 5G networks, and continuous advancements in the healthcare industry.

Market Is Driven By Aerospace And Defense Industries

Crystal Oscillators’ qualities like high precision, reliability, and frequency stability are playing a crucial role in aerospace and defense industries. In these industries, communication is the primary function played by these oscillators. Radio, satellite communication systems, and radar contain these oscillators which are needed for frequency stability to send and receive signals.

These oscillators are used for critical operations to provide precise and stable frequency signals. They are made to withstand high temperatures, shock, radiation, and vibration. These oscillators go through rigorous testing and processes to identify if they are fit for the required demand. Guidance and Navigation systems use these oscillators for accurate location and targeting in several applications such as drones, aircraft, and missiles. Technological advancements are going on in the aerospace and defense industries which has prompted the demand for reliable crystal oscillators. The ongoing development of the defense sector comprises electronic warfare systems, satellite technology, and other defense electronics.

Surface Mount Category Is Set To Have Larger Share

Based on the mounting scheme, the surface mount has a share of 65% in 2023 and will hold the largest share in the coming years. Surface mount crystal oscillators have numerous advantages like high density of components, and less cost for production as compared to other traditional oscillators. These benefits help to make the surface mount more suitable for use in crystal oscillators and less cost helps in reducing labor costs and increases manufacturing capacity.

Smaller and more compact electronic devices can be built since components of surface mount are smaller in size and close arrangements of components can be done on the board. Surface mount components have short interconnection lengths which improves signal integrity and due to this, they can provide better electrical performance. These mounts are versatile in nature as they support a broad range of component sizes and types which makes them appropriate for different applications in numerous industries. These advantages of surface mount are driving the growth of the crystal oscillator market.

North America Will Have Significant Market Share

Geographically, North America held around 20% share in 2023 in the market and is going to be the largest market in the near future. The growing demand for industry products is the primary factor behind the market share. The lack of electronic components caused price increments in major products. A great number of automotive makers are available in the region and a large number of electric vehicles are being run on the roads.

Further, the Internet of Things (IoT) and smartphone use is also on the rise which has led to the demand for crystal oscillators. All these aspects have become the major drivers of the market and helping the region to hold a significant market share. The U.S. is ahead in terms of manufacturers of crystal oscillators.

Some of the major market players are Seiko Epson Corporation, NIHON DEMPA KOGYO CO. LTD., KYOCERA Corporation, DAISHINKU CORP., SiTime Corporation, Siward Crystal Technology Co. Ltd., TXC CORPORATION, HOSONIC Technology Co. Ltd., Murata Manufacturing Co. Ltd., Rakon Limited, Vectron International Inc., River Eletec Corporation, Mercury Inc., and Microchip Technology Inc.