AT 4.6% CAGR, GLOBAL CRYSTAL OSCILLATOR MARKET WORTH OVER $3.41 BN BY 2022
Zion Market Research has published a new report titled “Crystal Oscillator Market by General Circuitry (SPXO, TCXO, VCXO, FCXO and OCXO), by Mounting Scheme (Surface Mount and Thru-Hole), by Crystal Cut (AT, BT and SC) for Telecom & Networking, Consumer Electronics , Military & Aerospace, Research & Measurement , Industrial, Automotive and Medical Equipment Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022.” According to the report, the global crystal oscillator market accounted for around USD 2.60 billion in 2016 and is expected to reach approximately USD 3.41 billion by 2022, growing at a CAGR of around 4.6% between 2017 and 2022.
The crystal oscillator is an electronic oscillator circuit that makes use of mechanical resonance of a vibrating crystal of piezoelectric material to generate an electrical signal with a precise frequency. This frequency is generally used to keep track of time, as in quartz wristwatches, to give a stable clock signal for digital integrated circuits and to stabilize frequencies for radio receivers and transmitters. The most common type of piezoelectric resonator used is the quartz crystal and oscillator circuits incorporating it recognized as crystal oscillators.
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Crystal oscillators are the major components of electronic devices. Crystal oscillators use piezoelectricity exhibited by certain crystals. Crystal oscillators generate the waveforms which offer exact frequency which is based on the mechanical vibration of the precision machined crystal. The usual type of piezoelectric resonator used is the quartz crystal. A quartz crystal decides the frequency on which an oscillator works. As the direct current is applied, these crystals vibrate at a frequency which depends on its thickness value and on the manner in which it cut from the original mineral rock. To decide the frequency, some oscillators employ combinations of resistors, inductors, and capacitors. But, the use of quartz crystals offers the best stability (constancy of frequency) in oscillators.
Global crystal oscillator market is primarily driven by significant demand for advanced equipment from the healthcare industry such as pacemakers. Increased penetration of smartphones and connected devices and mainstream adoption of 4G and LTE networks is accelerating the demand for crystal oscillator massively. Growing research and developments in certain fields require a variety of measuring instruments which are expected to shape crystal oscillator market in the forecast period. New product development coupled with strategic partnerships with buyers is expected to remain key success factor for the market over the near future. On a contrary, continuous advancements in the crystal oscillator technology are expected to limit the market growth. Nonetheless, increasing adoption of advanced automotive electronics along with the evolution of MEMS-based crystal oscillators may disclose new avenues for crystal oscillator market in the year to come.
Browse the full “Crystal Oscillator Market by General Circuitry (SPXO, TCXO, VCXO, FCXO, and OCXO), by Mounting Scheme (Surface Mount and Thru-Hole), by Crystal Cut (AT, BT and SC) for Telecom & Networking, Consumer Electronics , Military & Aerospace, Research & Measurement , Industrial, Automotive and Medical Equipment Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022” report at https://www.zionmarketresearch.com/report/crystal-oscillator-market
Based on general circuitry, global crystal oscillator market is bifurcated into SPXO, TCXO, VCXO, FCXO, and OCXO. In 2016, TCXO segment held the largest market share due to huge demand from telecom and networking. Surface mount and thru-hole are the mounting scheme segment of the market. AT, BT and SC are the crystal cut segment of crystal oscillator market. AT crystal cut segment held the largest market share. Application segment of crystal oscillator includes research & measurement, telecom & networking, consumer electronics, military & aerospace, industrial, automotive and medical equipment.
North America emerged as dominating regional markets for crystal oscillator in 2016. The growth of this region is mainly attributed to significant demand for medical equipment coupled with LTE networks. Asia-Pacific is expected to witness substantial growth owing to manufacturing and consumer electronics companies and extension of a telecommunication network. The strong presence of automotive manufacturing units in Germany, Italy, and France in light of easy access to consumables is predicted to drive the crystal oscillator market in Europe.
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Some of the key players in the crystal oscillator market are Hosonic Electronic, Kyocera Crystal Device (KCD) Corp, River Eletec Corp, Vectron International, Nihon Dempa Kogyo (Ndk), TXC Corp., and Rakon Ltd amongst others.
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