Crystal Oscillators Market by Mounting Scheme (Surface Mount and Thru-Hole), Crystal Cut (AT, BT, and SC), General Circuitry (SPXO, TCXO, VCXO, FCXO, and OCXO), Application, and Geography - Global Forecast to 2022

The crystal oscillators market is expected to be valued at USD 3.28 Billion by 2022, at a CAGR of 4.4% between 2016 and 2022. Growing demand for smartphones and connected devices, mainstream adoption of 4G /LTE networks are acting as driver for the growth of the crystal oscillators market. Moreover, the use of crystal oscillators’ devices in healthcare applications such as implantable devices, pacemakers, in CT scanning, infusion pumps, glucose monitors, and hearing assistance devices is also driving the growth of this market.

This report segments the crystal oscillators market on the basis of mounting scheme, crystal cut, general circuitry (SPXO oscillator, TCXO, VCXO, FCXO, and OCXO), application, and geography. The crystal oscillators market for surface mount accounted for the largest share in 2015. Surface mount crystal oscillators provide various benefits such as low production cost and higher component density, among others. VCXO market in crystal oscillators is expected to witness highest growth rate during the forecast period. This market growth can be attributed to huge demand for VCXO for use in consumer electronics, including radio receivers, television sets, MP3 players, video recorders, DVD players, digital cameras, and mobile phones among others.

AT cut accounted for the largest share of ~71.2% of the crystal oscillators market in 2015. This high market growth can be attributed to the benefits of AT cut such as temperature stability, drive level sensitivity, and frequency overshoot, among others. AT cut are low-cost oscillators used in various applications such as telecom & networking, consumer electronics, and military & aerospace, among others. The consumer electronics application in crystal oscillator is expected to grow at the highest rate during the forecast period. This market growth can be attributed to benefits provided by crystal oscillators in consumer electronic devices such as low power consumption and fast start-up features.

The crystal oscillators market in APAC is expected to hold the largest market share during the forecast period. This can be attributed to the presence of major crystal oscillators’ players such as Miyazaki Epson Corp. (Japan), NDK (Japan), TXC Corp. (Taiwan), KCD (Japan), and Daishinku Corp. (Japan).

Continuous advancements in the crystal oscillator technology are the key restraining factor for the growth of the crystal oscillators market. High-end silicon oscillators based on the MEMS technology act as substitutes for crystal oscillators as the frequency source of choice in most of the electronic systems. These oscillators are completely built on silicon wafers containing no quartz crystals.