Quartz Crystals and Oscillators Market Size, Share, Growth, and Industry Analysis, By Type (SPXO, TCXO, VCXO, OCXO, Quartz Crystal), By Application (Consumer Electronics, Automotive, Home Appliance, IT & Telecommunication, Medical Equipment Others), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2023 To 2030

Updated On: 11 September 2023

Quartz Crystals And Oscillators Market Report Overview

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The global quartz crystals and oscillators market size was USD 3.244 billion in 2021 and is expected to reach USD 4.403 billion in 2028, at a CAGR of 4.5% during the forecast period.

Oscillators are electrical circuits that produce an electrical impulse of a specific frequency by employing the mechanical resonant frequency of a vibrating crystal (piezoelectric material). Although different kinds of piezoelectric resonators exist, quartz crystal is commonly utilized in these oscillators. As a result, in the industry studied, these oscillator electronics are referred to as quartz crystal oscillators.

Because of their technical aspects, these products are utilized in a variety of applications. Quartz crystals in oscillators, for instance, produce high-frequency consistency, an elevated element of resonance, and reduced drift, helping to make it an obvious choice for such application fields. Furthermore, quartz crystals are inexpensive to manufacture and obtain. As a result, they are widely used in clock circuits on microprocessor panels, radiofrequency implementations, the timing component in digital watches, followed by telecommunication and data transmission. 

COVID-19 Impact: Shortages in the Supply of Raw Material to Decline Market Share

The global COVID-19 pandemic has been unprecedented and staggering, with quartz crystals and oscillators experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The impact of the Covid-19 pandemic has stemmed in the disrupted development and launch of quartz crystals and oscillators, a slowdown in key player operations, and a component shortage. The pandemic has caused supply chain disruptions caused the quartz crystals and oscillators market production to be delayed. The COVID-19 pandemic stalled the production of many digital equipment, making the quartz crystal oscillators cone of the key application areas for quartz crystal oscillators. Furthermore, the pandemic's supply chain disruptions impacted the supply of raw materials for several of the big manufacturers. Nevertheless, as pandemic-related constraints ease, the quartz crystals and oscillators market share are expected to grow again in the years ahead.

Latest Trends

"Global Initiatives to Intensify Market Magnification "

Global initiatives including the Paris Agreement drive demand for sophisticated automotive vehicles. Numerous countries are imposing stricter emission standards on innovative vehicle models. As a result, automakers are beginning to diversify into the e - mobility sector. By 2025, almost any third new car sold is expected to be boosted or aided by an electric battery. Mobility services and self-driving cars are expected to cause a further popular uprising in the auto industry over the next decade.

Vehicle navigation, wireless communication for automobiles, distant keyless entry, round the view screen systems, instrument cluster/clocks, electronic stability control on braking system units, airbag ECU, and advanced driver assistance devices all utilize crystal oscillators (ADAS). As a result, the increasing demand for electric vehicles will drive the quartz crystals and oscillators market growth forward.

Quartz Crystals And Oscillators Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into SPXO, TCXO, VCXO, OCXO, Quartz Crystal

SPXO is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into consumer electronics, automotive, home appliance, IT & telecommunication, medical equipment, others

Consumer electronics is the leading part of the application segment

Driving Factors

"Aerospace and Defense Sectors to Boost Market Share "

The aerospace and defense sectors are always in desperate requirement of a comprehensive suite of dependable and accurate products, as well as advanced technological capabilities to support high-performance requirements. Furthermore, the use of quartz crystal and oscillators has always been relevant. They are an essential component of an electrical circuits that generates an electronic signal of precise frequency by vibratory crystals created of piezoelectric element, mechanical resonance, that further drives its requirement in this sector.

"5G Technologies to Aid Market Forwarding "

Consumer preferences are influencing the advancement of mobile broadband networks. The increasing number of gadgets and services, as well as the demand for improved affordability and user experience, necessitate innovative solutions. In smart networked communication environments, 5G is expected to link individuals, stuff, data, implementations, transportation systems, and cities. It could transfer massive amounts of data much rapidly, connect massive numbers of devices reliably, and process massive amounts of data with low latency. Intelligent houses and buildings, transport systems, 3D video, work and leisure in the cloud, distant health treatment, augmented and virtual reality, and huge machine-to-machine communication systems for industrial automation are all expected to benefit from 5G technologies. Different crystal oscillators, including TCXOs, VCXOs, and oven-controlled crystal oscillators (OCXOs), enable the creation of customer circuits and contribute to high-speed connections and next-generation Wi-Fi telecommunications networks.

Restraining Factors

"Loss of Stabilization to Deplete Market Advancement "

The loss of stabilization in quartz crystal and oscillators demonstrates itself as "drift," a phenomenon that, based on the application, can deteriorate performance and lead to a slew of technical and sometimes even legal issues. Heat generated by a circuit operating for an extended period time period can also have a negative impact on stabilization because it can change the values of elements such as inductors, resistors, and capacitors. Differences in an oscillator's operating voltage and mechanical vibrations are also factors. A significant difficulty in obtaining long-term stability in crystal oscillators is that, in several cases, an oscillator could have been in use and for ages until signs of drift appear, and the drift may persist for a long period of time before becoming detected. As a result, the time between both the occurrence of the shifting and its detection may be critical, as it can end up causing stability problems, which may cause problems with the gadget within which this semiconductor is being used.

Quartz Crystals And Oscillators Market Regional Insights

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"Widespread Usage of Technologies to Foster Market Growth in Asia Pacific and North America "

The Asia-Pacific region is expected to grow the fastest, attributed to a rapid expansion in smartphone customer base, mainly in the region's large economies, including India and China. The most recent technological advances have aided progressions in new crystal oscillators, which can make ultimate processes more effective and greatly enhance accuracy in various applications. China comprises of the world's biggest electronics sector, and the government has taken numerous measures to encourage quartz crystals and oscillators market growth in the region.

Furthermore, North America is a crucial market for quartz crystals and oscillators, attributed to the countries or region widespread implementation of technology by end-user industry sectors. The country's sectors, such as consumer electronics, telecommunications equipment, and 5G assistance, are early supporters of quartz crystals and oscillators. Furthermore, the elevated amount of electronic gadget production as a result of rising market competition, as well as the high utilization of VCOs in the manufacturing of electronic music gadgets, are important considerations pushing the quartz crystals and oscillators market growth.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Seiko Epson (Japan)
• Nihon Dempa Kogyo (NDK) (Japan)
• TXC (Taiwan)
• Kyocera Crystal Device (KCD) (Japan)
• Daishinku Corp (KDS) (Japan)
• Siward Crystal Technology (Taiwan)
• Hosonic Electronic (Taiwan)
• River Eletec (Japan)
• Micro Crystal (Switzerland)
• Failong Crystal Technologies (China)
• ZheJiang East Crystal (China)
• Guoxin Micro (China)
• Vectron International (U.S.)
• Rakon (New Zealand)
• NSK (JenJaan Quartek Corporation) (China)
• Abracon (China)
• Diodes Incorporated (U.S.)
• Taitien (Taiwan)
• Pletronics (U.S.)
• TKD Science and Technology (China)
• Crystek (U.S.)
• CTS Corporation (U.S.)
• IQD Frequency Products (U.S.)
• NEL Frequency Controls (U.S.)
• Aker Technology (U.S.)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.