Oscillator Market Size
| Study Period | 2022 - 2029 |
| Market Size (2024) | USD 6.18 Billion |
| Market Size (2029) | USD 7.82 Billion |
| CAGR (2024 - 2029) | 4.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Oscillator Market Analysis
The Oscillator Market size is estimated at USD 6.18 billion in 2024, and is expected to reach USD 7.82 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
The oscillators are electronic circuits that generate an electrical signal of a particular frequency by utilizing the vibrating crystal's (piezoelectric material) mechanical resonance. Although there are different piezoelectric resonators, quartz crystal is most commonly used in these oscillators.
- Increasing demand for convenience is driving the application of wireless interconnections, like remote keyless entry. Crystal devices like quartz crystal units and crystal oscillators have high stability against environmental changes. Therefore, they are used as frequency control devices in electronic circuits. The application of crystal units and crystal oscillators in automobiles is expected to grow during the forecast period. These products are preferred in multiple applications due to their technical advantages. Quartz crystals in oscillators result in high-frequency stability, a high-quality factor of resonance, and low-temperature drift, making it an obvious choice for applications with such needs.
- Also, 5G adoption in the world continues to grow fast, with GSMA predicting that there will be around 2 billion 5G connections worldwide by 2025. The timing requirements for network nodes are very high in 5G network applications. Network devices require stable clocks to shorten the locking time, decrease holdover drift, and improve synchronization. Thus, there is a significant need for the use of high-performance crystal oscillators to ensure stable system operation.
- Moreover, Microelectromechanical systems (MEMS) resonator-based clocks and oscillators are filling applications where their precision and stability can match most crystal circuitry while providing greater reliability, increased ruggedness, smaller size, and even lower cost. Vendors, such as SiTime, are offering MEMS oscillators for different applications.
- Further, crystal oscillators have a very limited tuning range and are used for frequencies exceeding 100 kHz. The crystal oscillators are also fragile and can only be used in low-power circuits. Such factors may act as a restraint for market growth.
Oscillator Market Trends
Consumer Electronics End-User Industry to Occupy a Major Share
- Frequent new launches of consumer electronic products are expected to fuel the market for crystal oscillators. In the consumer electronics industry, frequency control products are important, and crystal oscillators are commonly used for this application. Thus, crystal oscillators find use in a wide range of consumer electronics products such as smart wearables, cellphones, video games, and cable TV systems.
- The growing penetration of mobile devices, such as smartphones and tablets, creates significant demand for crystal oscillators. Depending on the applications processor, partitioning, and other functions it supports, a typical smartphone or tablet design can comprise several timing devices, including one or more 32 kHz quartz crystals (as per SiTime Corporation).
- The increasing adoption of the Internet of Things (IoT) is another growth catalyst for the market. For instance, as per Ericsson, there were 1.9 billion cellular IoT connections in the world in 2022, which is expected to grow to 5.5 billion in 2027, registering a CAGR of 19% over the period. In line with this trend, there is an increased need for oscillators that can meet the small size and low power criteria in IoT applications and wearable devices.
- For instance, in May 2022, TAITIEN introduced ultra-low current crystal oscillators that feature current consumption that is less than 1.4μA and can run on an ultra-low voltage of 1.5V. With low power consumption, small size, and high precision, these oscillators can be widely used in wearable devices and the IoT field.
- Furthermore, innovations in MEMS timing technology are making significant contributions to space and power savings in new wearable applications, besides improving reliability and costs. Companies such as SiTime Corporation are offering a range of MEMS-based oscillators for low-power IoT and wearables applications.
Asia-Pacific Region to Register one of the Fastest Growth Rates
- The Asia-Pacific is projected to have the fastest growth, owing to a rapidly expanding smartphone consumer base primarily in the region's major economies, such as India and China. The latest technological breakthroughs have assisted the advancements in new oscillators that can make the overall processes more efficient and significantly improve accuracy in different applications.
- Moreover, China is the world's largest producer and exporter of consumer electronics. Thus, it is one of the most prominent regions for the market, with oscillators being used in a wide range of electronic devices.
- China also leads in 5G adoption globally. As per GSMA, the number of 5G base stations in China exceeded 2.3 million at the end of 2022, including around 887,000 built during the year. The country will be the first market with 1 billion 5G connections, reaching the milestone by 2025, as per the organization. Timing and clocking are crucial for high data rate transmission with 5G networks, creating even greater demand for oscillators.
- In Japan, the automotive industry accounted for a significant share of the total demand for oscillators, having emerged as the 5th largest automobile market in 2022, as per the German Association of the Automotive Industry or VDA. Oscillators are widely used in automotive applications, including brake controls, anti-blocking systems, airbags, and tire-pressure-monitoring systems.
- South Korea is another significant market for crystal oscillators in the region, owing to the massive adoption of the technology by the end-user industries in the country. Also, Korea Aerospace Industries (KAI), South Korea's sole aircraft manufacturer, recently revealed its ambition to rise as the No. 7 aerospace company in the world by 2050 through significant investments in next-generation businesses. Such investments in the aerospace industry also create a favorable growth scenario for the market.
Oscillator Industry Overview
The global oscillator market is moderately competitive, with the presence of many major players. These players in the market use partnerships, mergers, innovations, investments, and acquisitions to improve their products and gain a competitive edge over others.
In April 2023, SiTime Corporation revealed its latest generation of automotive oscillators to enable higher safety for ADAS, infotainment, and car-to-home wireless connectivity. The SiT1623/25 automotive-grade oscillators also comply with the stringent AEC-Q100 standard.
In February 2022, Rakon launched the RPT5032GX, a miniature surface mount Temperature TCXO, which withstands shock events at an acceleration of more than 30,000g. With a unique mechanical construction, the RPT5032GX survives high levels of shock and vibration while maintaining a low acceleration sensitivity of 0.8 ppb/g.
Oscillator Market Leaders
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Murata Manufacturing Co. Ltd
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Seiko Epson Corp.
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Kyocera Corporation
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Rakon Ltd
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TXC Corporation
*Disclaimer: Major Players sorted in no particular order
Oscillator Market News
- January 2023: Euroquartz introduced a new range of radiation tolerant temperature-TCXO from Greenray Industries Inc. that provides optimum performance in high shock and vibration environments.
- January 2023: SiTime Corporation introduced two new Endura precision timing oscillator families, the Endura ultra-stable Super-TCXO and the Endura low-jitter differential oscillator, that provide high performance in extreme conditions in aerospace-defense applications such as Positioning, Navigation and Timing, tactical communications, network synchronization, and surveillance.
Oscillator Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview (Current Scenario of Furnace Filters Market, and KPI Analysis)
4.2 Industry Attractiveness- Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Industry Policies
4.5 Impact of Macro Trends (post-COVID-19 market recovery, supply chain uncertainties, economic downturns etc.) on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing 5G Adoption Across the World
5.1.2 Rising Demand from Advanced Automotive Applications
5.2 Market Challenges
5.2.1 Lack of New Improvements, in Addition to the Technology Getting Matured with Substitutes
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Temperature Compensated Crystal Oscillator (TCXO)
6.1.2 Voltage-controlled Crystal Oscillator (VCXO)
6.1.3 Oven-controlled Crystal Oscillator (OCXO)
6.1.4 MEMS Oscillators
6.1.5 Other Types
6.2 By Mounting Type
6.2.1 Surface Mount
6.2.2 Thru-hole
6.3 By End-user Industry
6.3.1 Consumer Electronics
6.3.2 Automotive
6.3.3 Telecom and Networking
6.3.4 Aerospace and Defense
6.3.5 Research and Medical
6.3.6 Industrial
6.3.7 Other Applications
6.4 By Geography***
6.4.1 China
6.4.2 Taiwan
6.4.3 Japan
6.4.4 Europe
6.4.5 Americas
6.4.6 Latin America
6.4.7 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Murata Manufacturing Co. LTD.
7.1.2 Seiko Epson Corp.
7.1.3 Kyocera Corporation
7.1.4 Rakon LTD.
7.1.5 TXC Corporation
7.1.6 SiTime Corporation
7.1.7 Daishinku Corp. (KDS)
7.1.8 Siward Crystal Technology Co. LTD.
7.1.9 Hosonic Electronic Co. Ltd.
7.1.10 Nihon Dempa Kogyo (NDK) Co. LTD.
7.1.11 Harmony Electronics Corp.
7.1.12 Microchip Technology
7.1.13 TKD Science and Technology co., LTD.
- *List Not Exhaustive
8. VENDOR MARKET SHARE ANALYSIS - 2022 (For overall timing devices market)
9. INVESTMENT ANALYSIS
10. FUTURE OF THE MARKET
Oscillator Industry Segmentation
Oscillators are circuits that produce a continuous, repeated, alternating waveform without any input. They convert DC signals to periodic AC signals, which can be utilized to set frequency, for audio applications, or as a clock signal.
The oscillator market is segmented by type (temperature compensated crystal oscillator (TCXO), voltage-controlled crystal oscillator (VCXO), oven-controlled crystal oscillator (OCXO), MEMS oscillators), mounting type (surface mount, thru-hole and other mounting types), end-user industry (consumer electronics, automotive, telecom and networking, aerospace and defense, research and medical, industrial), and geography (China, Taiwan, Japan, Europe, Americas). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Type | |
| Temperature Compensated Crystal Oscillator (TCXO) | |
| Voltage-controlled Crystal Oscillator (VCXO) | |
| Oven-controlled Crystal Oscillator (OCXO) | |
| MEMS Oscillators | |
| Other Types |
| By Mounting Type | |
| Surface Mount | |
| Thru-hole |
| By End-user Industry | |
| Consumer Electronics | |
| Automotive | |
| Telecom and Networking | |
| Aerospace and Defense | |
| Research and Medical | |
| Industrial | |
| Other Applications |
| By Geography*** | |
| China | |
| Taiwan | |
| Japan | |
| Europe | |
| Americas | |
| Latin America | |
| Middle East and Africa |
Oscillator Market Research Faqs
How big is the Oscillator Market?
The Oscillator Market size is expected to reach USD 6.18 billion in 2024 and grow at a CAGR of 4.80% to reach USD 7.82 billion by 2029.
What is the current Oscillator Market size?
In 2024, the Oscillator Market size is expected to reach USD 6.18 billion.
Who are the key players in Oscillator Market?
Murata Manufacturing Co. Ltd, Seiko Epson Corp., Kyocera Corporation, Rakon Ltd and TXC Corporation are the major companies operating in the Oscillator Market.
Which is the fastest growing region in Oscillator Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Oscillator Market?
In 2024, the Asia Pacific accounts for the largest market share in Oscillator Market.
What years does this Oscillator Market cover, and what was the market size in 2023?
In 2023, the Oscillator Market size was estimated at USD 5.88 billion. The report covers the Oscillator Market historical market size for years: 2022 and 2023. The report also forecasts the Oscillator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Oscillator Industry Report
Statistics for the 2024 Oscillator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Oscillator analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
