by The crystal oscillator market comprises products that use a piezoelectric crystal to determine the frequency of an electrical signal. These include crystal-based oscillators and crystal resonators packaged as discrete components. Crystal oscillators are widely used in electronic devices to provide a stable clock signal for microprocessors, memory devices, and other components. They offer benefits such as high frequency stability, high precision, and low phase noise.
The Global Crystal Oscillator Market 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 2031
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. The growing demand for electronics such as smartphones, laptops, and IoT devices is fueling the crystal oscillator market. Miniaturization of electronic devices is also driving the demand for smaller and more precise Crystal Oscillators Market Demand. Major players in the market are focusing on global expansion through partnerships and new product launches to capitalize on the opportunities.
Market Trends
The trend of miniaturization and increasing demand for portability in electronic devices is driving the demand for small form factor and low power crystal oscillators. Leading crystal oscillator manufacturers are developing miniaturized oscillator solutions to support the integration needs of portabkle electronics.At the same time, they are focusing on lowering power consumption to improve battery life without compromising on performance. This includes the development of quartz MEMS oscillators and other innovative crystal-based solutions. The miniaturization trend in the Crystal Oscillator Market will continue to gather pace over the forecast period.
Porter’s Analysis
Threat of new entrants: Highly sophisticated technology required and economies of scale are major entry barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and standard products.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of several alternative suppliers.
Threat of new substitutes: Threat of new substitutes is moderate due to availability of alternatives but performance needs of applications.
Competitive rivalry: Market is dominated by few large players and competition is high based on pricing and product differentiation.
Geographical Regions
The crystal oscillator market in North America accounted for the largest share of around 30% of the global market in terms of value in 2024. Presence of major players and established electronics industry has been driving the market.
Asia Pacific is projected to grow at the highest CAGR during the forecast period. Increasing electronics manufacturing especially in China, Taiwan, South Korea and other developing countries is pushing the demand in the region. Growing automotive and telecommunication sectors are further augmenting the crystal oscillator market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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, chemical and materials, defense and aerospace, consumer goods, etc.
