Quartz Oscillators Market Report Overview
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The global quartz oscillators market size 1505 million in 2021 and is expected to show a stunt growth with no substantial revenue generation USD 1402.91 in 2031, exhibiting a CAGR of -0.7% during the forecast period.
. The COVID-19 pandemic has been unprecedented and staggering, with the quartz oscillators market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market's restricting factors and the market demand not returning to pre-pandemic levels once the pandemic is over.
A quartz crystal resonator, also known as a quartz crystal or a crystal, and a crystal oscillator are all examples of what is meant by the term "crystal oscillator." A crystal oscillator is also referred to as a crystal element in which an IC acts as an oscillation circuit is added inside the package. The use of crystal oscillators is common in safety applications including airbag and tyre pressure monitoring systems and anti-lock brake systems (TPMS). The use of crystal units and oscillators is expanding quickly due to the demand for precision, tightening safety rules, and the need for quick data transfer.
COVID-19 Impact: Pandemic slowed the Market Demand
One of the main areas of applications for crystal oscillators, COVID-19 stopped the production of numerous electrical products. In addition, the pandemic's effects on the supply chain had an impact on the way that many significant firms acquired their raw materials. However, the industry has begun to pick up and is anticipated to experience consistent expansion in the next few years as pandemic-related limitations have started to ease in the majority of global regions.
Latest Trends
"Rising Demand in the Service and Commercial Sector to Fuel Market Growth"
The use of wireless connections, such remote keyless entry, is being driven by the rising desire for convenience. During the projected period, it is anticipated that crystal oscillators and units would be used more frequently in automobiles. In safety applications including braking control, anti-blocking systems, airbags, and tyre pressure monitoring systems, crystal oscillators are frequently employed (TPMS). The adoption of crystal units and oscillators is being driven by the desire for precision, as well as rising standards, tightening safety rules, and the need for quick data transfer. Because of the utilization of Wi-Fi and Bluetooth combo chipsets in smartphone applications, the need for crystal oscillators has skyrocketed. Given the growing popularity of various applications in consumer goods, the consumer electronics market is anticipated to have rapid potential quartz oscillators market growth.
Quartz Oscillators Market Segmentation
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- By Type Analysis
According to type, the quartz oscillators market can be segmented into TCXO, VCXO, OCXO and others.
- By Application Analysis
Based on application, the market can be divided into aerospace, automotive, consumer electronics, medical equipment, it & telecommunication and others.
Driving Factors
"Increased Consumer Electronics Demand Boosting the Market"
The market for quartz oscillators has expanded as a result of the increased demand for consumer electronics including smartphones, tablets, wearables, and Internet of Things (IoT) devices. These devices' quartz oscillators are crucial parts because they deliver the precise timing signals required for those devices to operate properly. Consumer electronics such as smartphones, tablets, wearables, and smart home gadgets are in high demand. Quartz oscillators are employed in these devices to deliver perfect timing and synchronization, which is driving market expansion.
"Wireless Communication Technology Developments Stimulating the Market Growth"
The market for quartz oscillators has expanded as a result of the development of wireless communication technologies including 5G, Wi-Fi, and Bluetooth. Wireless communication equipment use quartz oscillators to deliver accurate and reliable timing signals, which are crucial for data transmission. To maintain synchronization between numerous base stations and network devices, 5G technology requires high-precision timing devices. Quartz oscillators are the favoured choice for such applications, fuelling market development.
Restraining Factors
"Availability of Alternative Technologies to Restrict Market Growth Further "
Although the global quartz oscillators market is predicted to expand rapidly, various obstacles may limit its expansion. One such factor is the emergence of alternative technologies like as MEMS (Micro-Electro-Mechanical Systems) oscillators, which provide comparable performance while being significantly smaller in size. Furthermore, the growing usage of software-based timing solutions may endanger the growth of the quartz oscillator market. Another major impediment is the volatility of the semiconductor sector, which may cause price variations in raw materials and components, affecting the entire cost of production.
Quartz Oscillators Market Regional Insights
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"Growing Demand in Asia Pacific Anticipated to Boost Market Expansion"
The global quartz oscillators market is expected to witness significant growth in the coming years, driven by increasing demand for high-precision timing devices in various applications such as telecommunications, aerospace and defence, automotive, and consumer electronics. North America is expected to dominate the market due to the presence of major players in the region and the increasing adoption of advanced technologies. Asia-Pacific is expected to witness the highest growth rate due to the increasing demand for consumer electronics and the rising adoption of 5G technology in the region. Europe is also expected to witness substantial growth due to the increasing adoption of automation and Industry 4.0 in various industries.
Key Industry Players
"Adoption Innovative Strategies by Key Players Influencing Market Development"
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. The top key players in the market are Miyazaki Epson, Nihon Dempa Kogyo, Txc, Kyocera Crystal Device, Daishinku Corp, Vectron International, Siward Crystal Technology, Rakon Limited, River Eletec Co, Andhra Electronics, NSK Group, Oscilent Co, Pletronics Inc, Pericom, Micro Crystal, Golledge, Ecliptek, Fox Electronics, Euroquartz, Hosonic Electronic and Mercury Electronic.
Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over quartz oscillators market share by the key players stimulates the market growth.
List of Market Players Profiled
- Miyazaki Epson
- Nihon Dempa Kogyo
- Txc
- Kyocera Crystal Device
- Daishinku Corp
- Vectron International
- Siward Crystal Technology
- Rakon Limited
- River Eletec Co
- Andhra Electronics
- NSK Group
- Oscilent Co
- Pletronics Inc
- Pericom
- Micro Crystal
- Golledge
- Ecliptek
- Fox Electronics
- Euroquartz
Report Coverage
This report examines an understanding of the global quartz oscillator market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1505 Million in 2021 |
Market Size Value By |
US$ 1402.91 Million by 2031 |
Growth Rate |
CAGR of -0.7% from 2021 to 2031 |
Forecast Period |
2021-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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Which is the leading region in the global quartz oscillators market?
The Asia Pacific region is the prime area for the global quartz oscillators market, demonstrating its leadership in the field.
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Which are the driving factors of the quartz oscillators market?
The quartz oscillators market is anticipated to be stimulated by frequent new launches of consumer electronics items. Cable television systems, personal computers, digital cameras, radios, cellphones, and wearable technology are just a few examples of devices that utilize crystal oscillators.
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Which are the top companies operating in the quartz oscillators market?
The top key players in the quartz oscillators market are Miyazaki Epson, Nihon Dempa Kogyo, Txc, Kyocera Crystal Device, Daishinku Corp, Vectron International, Siward Crystal Technology, Rakon Limited, River Eletec Co, Andhra Electronics, NSK Group, Oscilent Co, Pletronics Inc, Pericom, Micro Crystal, Golledge, Ecliptek, Fox Electronics, Euroquartz, Hosonic Electronic and Mercury Electronic.