Crystal Oscillators Market 2020- Revenue Analysis, Growth, Trends, Segmentation and Regional Forecast 2027
Market Research Future published a research report on “Crystal Oscillators Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market Analysis
The global crystal oscillators market size is likely to touch USD 4.21 billion at a 6.2% CAGR in the forecast period 2020- 2027, according to the latest Market Research Future (MRFR) analysis. Crystal oscillators are the key components of an electronic device. The crystals in the oscillator create waveforms that offer exact frequency that rests on the mechanical vibration of the precision machined crystal.
Various factors are fuelling the global crystal oscillators industry growth. As per the recent MRFR market estimates, such factors include the growing need for such oscillators from consumer electronics, growing adoption of infotainment systems in automobiles, deployment of 5G network, need for highly stable frequency oscillators in the telecommunication industry, increasing use in vehicles, and growing need for advanced equipment among the healthcare industry.
On the contrary, the invention of si-MEMS oscillators that are more compact, have greater efficiency, and require lesser power than crystal oscillators may limit the global Crystal Oscillators Market growth over the forecast period.
COVID-19 Analysis
Unfortunately like other industries, the crystal oscillator market too has fallen prey to the COVID-19 outbreak, causing a fall in the shipments of crystal oscillators and the revenue which is generated from them. Thus a dip has been seen in the market growth during the first quarter of 2020. In the second half however there was some form of normalization in the inventory level and a growing need for such oscillators for the stabilization in demand from consumer electronics, automotive, telecom and networking, medical applications, industrial, and research and measurement. The outbreak has also impacted the crystal oscillators production and the players that operate in the crystal oscillator value chain as manufacturing facilities across the globe have been shut on a temporary basis to stop the spread of the deadly virus. Lockdowns across the globe has also impacted the production along with the per capita income across the globe and GDP of countries. The consequent fall in the buying power of the masses has resulted to a fall in the market growth.
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global crystal oscillator market based on end user, mounting, type, and crystal cut.
By crystal cut, the global crystal oscillator market is segmented into SC cut, GT cut, BT cut, AT cut, and others. Of these, the SC cut will lead the market over the forecast period.
By type, the global crystal oscillator market is segmented into oven-controlled crystal oscillator (OCXO), frequency controlled crystal oscillator (FCXO), voltage controlled crystal oscillator (VCXO), simple packaged crystal oscillator (SPXO), temperature compensated crystal oscillator (TCXO), and others. Of these, the TXCO segment will dominate the market over the forecast period.
By mounting, the global crystal oscillator market is segmented into thru-hole and surface mount.
By end user, the global crystal oscillator market is segmented into industrial, scientific research, aerospace and defense, telecom and networking, automotive, consumer electronics, and others. Of these, telecom and networking will spearhead the market over the forecast period.
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Regional Analysis
By region, the global crystal oscillator market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, the APAC region will spearhead the market over the forecast period and at a high CAGR. Increased need for various consumer electronic device and adoption of different industrial solutions in the regional automotive industry, and required government support are adding to the global crystal oscillator market growth in the region.
In North America, the global crystal oscillator market is predicted to have fast growth over the forecast period. Increasing adoption of advanced electronics in automotive and infotainment systems are adding to the global crystal oscillator market growth in the region.
Key Players
The prominent players profiled in the global crystal oscillator market report include Vectron (US), Vishay Intertechnology, Inc. (US), Ecliptek LLC (US), Bliley Technologies Inc. (US), Nippon Crystal, Inc. (US), QVS Tech, Inc. (US), MTI-Milliren Technologies, Inc. (US), Greenray Industries, Inc. (US), Fox Electronics (US), Mercury Electronic Ind. Co., Ltd. (Taiwan), River Eletec Corp. (Japan), Rakon Ltd. (New Zealand), SiWard Crystal Technology Co., Ltd. (Taiwan), SiTime Corporation (US), Hosonic Electronic Co., Ltd. (Taiwan), Murata Manufacturing Co., Ltd. (Japan), Microchip Technology Inc. (US), Daishinku Corp. (Japan), Kyocera Crystal Device Corporation (Japan), TXC Corporation (Taiwan), Nihon Dempa Kogyo Co., Ltd. (Japan), and Seiko Epson Corporation (Japan), among others.
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