December 7, 2024
Crystal Oscillator Market

The Global Crystal Oscillator Market is driven by Rapid Growth of IoT

The crystal oscillator market comprises packaged and naked crystal oscillators that find application in a wide range of electronics products including automobile electronics, telecommunication infrastructure, industrial electronics, military & aerospace systems, consumer electronics, and medical devices. Growing adoption of crystal oscillators in automotive electronics, industrial automation, and 5G infrastructure is expected to drive market growth. Crystal oscillators offer precise frequency generation with low phase noise enabling reliable timing signals required in communication systems and signal processing applications. Common types include surface mount device (SMD) oscillators, through-hole oscillators, and voltage-controlled crystal oscillators (VCXOs).

The Global Crystal Oscillator Market Demand is estimated to be valued at US$ 2594.8 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the Crystal Oscillator Market are Biffa Plc, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd, Hitachi Zosen Corporation, Remondis Se & Co. Kg, Republic Services, Inc., Suez, Veolia Environment, and Waste Management Inc.

Growing demand for low-power crystal oscillators from portable consumer electronics and IoT devices is expected to drive market growth over the forecast period. Expanding 5G infrastructure and increasing adoption of autonomous and electric vehicles integrated with advanced driver-assistance systems will further propel demand.

The rising adoption of cloud-based solutions and influx of new technologies including artificial intelligence and machine learning is driving the global expansion of the crystal oscillator market. Key players are focusing on expanding their footprint in developing regions through strategic partnerships and mergers and acquisitions.

Market drivers
The rapid growth of IoT-connected devices is a major driver for the crystal oscillator market. The proliferation of sensors, cameras, and other modular electronics integrated into industrial machinery, infrastructure, consumer products, and vehicles creates significant demand for low-cost and ultra-stable frequency generation solutions provided by crystal oscillators. IoT applications require precise timing signals to ensure reliable communication between networked devices driving the need for robust and energy-efficient crystal oscillator technologies over the forecast period.

Impact of geopolitical situation on Crystal Oscillator Market growth and strategies to consider
The crystal oscillator market is facing challenges due to the ongoing geopolitical conflicts and economic uncertainties across major regions. The tensions between Russia and Ukraine as well as global sanctions on Moscow have disrupted supply chains and exports. This has affected the supply of key raw materials like quartz used in making crystal oscillators. The market players will need to look for alternative sourcing options and develop a diversified supplier network to mitigate such risks.

Similarly, the trade conflicts between US and China continues to impact companies operating in both countries. The restrictions and tariffs have increased costs. The market is also facing short-term demand slowdown owing to theuncertainties caused by the Covid pandemic. Looking ahead, the companies should focus on emerging regions for growth. Innovation in design and technologies will help gain market share. Collaboration with local players can boost access while strategic acquisitions may aid capacity expansion and market penetration. Diversifying end use applications and customer base will make the business model more resilient.

Geographical regions with concentrated Crystal Oscillator Market value
Currently, North America holds the largest share of the overall crystal oscillators market in terms of value, followed by Asia Pacific. Within North America, the US accounts for major demand coming from telecommunication equipment manufacturing. The rising 5G infrastructure deployments and adoption of IoT devices continue to drive the market.

Asia Pacific exhibits fastest growth for Crystal Oscillator Market
The Asia Pacific region is poised to witness the highest growth in the forecast period owing to the booming electronics and automotive industries across China, India, Japan and South Korea. The increasing smartphone and consumer electronics penetration along with growing adoption of advanced driver-assistance systems (ADAS) will boost crystal oscillators uptake. Countries like China, Taiwan and South Korea are major manufacturing hubs catering to the global demand. Moreover, the regional governments are supporting electronics sector through initiatives such as Make in India which is attracting investments.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
+ posts

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →