Looking into General Circuity (SPXO, TCXO, VCXO), Crystal Cut (AT Cut, BT Cut, SC Cut), Mounting Scheme (Surface Mount, Through-Hole) Application (Consumer Electronics), Geography's report, it forecests a growth from 2.8 billion in 2020 to USD 3.1 billion by 2025, at a CAGR of 2.1% from 2020 to 2025. The rise of 5g is strongly driving the growth of the crystal oscillator market as well as the increasing adoption of advanced automotive electronics to create market growth opportunities during the forecast period.
Surface mount scheme to stand for a larger size of crystal oscillator market from 2020 onwards.
The surface-mount method of manufacturing crystal oscillators offers better mechanical performance under shake and vibration conditions as well as offering several other advantages such as higher component density per unit, lower cost of unit assemblies, and higher unit production. Hence, it has become widely used in the industry and forecasts indicate a larger size of the crystal oscillator market from 2020 to 2025.
Voltage-controlled crystal oscillator (VCXO) segment to register highest CAGR during the forecast period.
VCXO is mainly used for the synchronization (PLL) and demodulation (jitter filter) of a transmitter and a switchboard. It is also used for various wireless equipment, satellite communication, fiber optics communication, counters/synthesizers, and FPGA applications. Thus, the VCXO segment is expected to record highest CAGR during the forecast period.
However, the consumer electronics application to account for the largest size of crystal oscillator market from 2020 to 2025
Used in a variety of roles, crystal oscilliators as it offers high stability, good quality factor and small size, hence the consumer electronics market segment is a major area crystal oscillators. The rising demand of these consumer electronics results in the increased demand for crystal oscillator. Thus, the consumer electronics application is projected to account for a larger size of the crystal oscillator market from 2020 to 2025.
Asia Pacific to register highest CAGR during the forecast period
The growth can be attributed to the presence of several crystal oscillator providing companies, such as Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co., Ltd. (Japan), TXC Corporation (Taiwan), KYOCERA Crystal Device Corporation (Japan), and Daishinku Corp. (Japan in the region. These companies are boosting their production capacities and expanding distribution networks across Asia Pacific, as well as are trying to develop advanced crystal oscillator that would help them remain competitive in the market. In addition, the remarkable growth of the consumer electronics industry, 5G deployment, and upsurge in automotive manufacturing are some of the factors that contribute significantly to the growth of this market in Asia Pacific.
