Next Generation Crystal Oscillators Market Driven by Primary Segment MEMS Oscillators

The global next generation crystal oscillators’ market size was around $2.0 billion - $2.5 billion in 2018, and its value is estimated to grow with a CAGR of more than 6% during the forecast period 2019-2025. The information comes from a newly compiled business intelligence report from IndustryARC, titled: “Next Generation Crystal Oscillators Market: By type (SPXO, TCXO, VCXO, FCXO, OCXO, disciplined, multi-crystal, colpitts, Armstrong); By mounting Type (surface-mount, thru-hole); By technology (at cut, bt cut, sc cut); By applications (military & defense, research & management, industrial, automotive, consumer devices); By Geography - Forecast (2019-2025).” 

The analyst of the market research report states that next generation crystal oscillators are extensively used in a wide variety of applications such as military & defense, research & management, industrial, automotive, and in consumer devices. However, the plethora of miniature electronic devices and surging demand for 4G and 5G networks will continue creating profitable opportunities during the foreseeable future.

Crystal oscillator are electromechanical devices that generates an electric signal by using a mechanical resonance of a vibrating quartz crystal of piezoelectric material. It is mainly used in high frequency applications as it maintains the frequency of device and also keep track of time in wristwatches. Due to their low cost and compact size, they are mostly utilized in a list of applications which include clocks, radios, computers, cellphones, microcontrollers, space tracking systems, modems, microprocessors, disk drives, sensors, video games, digital systems, measuring instruments, timers, engine controlling, phase locked loop systems, medical devices, global positioning systems (GPS), cable television systems, oscilloscopes and signal generators. These next generation crystal oscillators plays a crucial role in improving the performance of automotive electronics and smartphones as well. Advanced Driver Assistance Systems (ADAS), Light Detection and Ranging (LiDAR), in-vehicle Ethernet and autonomous driving need accurate timing solutions, and tight frequency stability thus these factors altogether driving the growth of market.

Quartz Crystal Oscillators Market: By Circuit Type (XO, TCXO, VCXO, FCXO, OCXO, Others); By Application (Telecom, Consumer, Industrial, Automotive, Medical, Others); By Geography - (2014-2020) - Forecast(2018 - 2023)