Oscillator Market Size (2024 - 2029)

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 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.