Crystal Oscillator Market Expected to Reach $3.2 Billion, Globally, by 2022

PORTLAND, Oregon and PUNE, India, January 23, 2017 /PRNewswire/ --

According to a new report published by Allied Market Research, titled, "Crystal Oscillator Market-Global Opportunity Analysis and Industry Forecast, 2014-2022," the global crystal oscillator market is expected to reach $3.2 billion by 2022, growing at a CAGR of 5.8% during the forecast period. In 2015, Asia-Pacific dominated with over 40% share of the overall market, and is anticipated to continue this trend during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20140911/647229 )

Summary of the Crystal Oscillator Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/crystal-oscillator-market

Crystal oscillators are circuits with piezoelectric material that works as a frequency selective element. The oscillation frequency of a crystal oscillator is determined by the vibrations of the piezoelectric material used in it. These crystal oscillators have a very high Q-factor and are extensively applicable across various industries such as electronics, IT & telecommunication, aerospace & defense, and automotive & transport. These crystals are replacing tuned circuit owing to their smaller size, high temperature range, and higher Q-factor.

The crystal oscillator market growth is driven by the rise in number of tablet, smartphones, and other consumer electronics equipment; increase in advanced automotive technologies; deployment of 3G, 4GLTE and 5G technologies; which require high-frequency stability; and continuous advancements in healthcare equipment. However, the evolution of other technologies for oscillators such as si-MEMS technologies restrains the market growth. Although the increase in demand for quartz MEMS technology provides new opportunities for growth.

In technologies, temperature-compensated crystal oscillator (TCXO) holds the largest share, in terms of revenue, in overall market, owing to its low cost and wide usage in low-end applications such as smartphones, laptops and watches. However, the oven-controlled crystal oscillators (OCXOs) are gradually replacing TCXOs owing to their enhanced frequency stability, reduced cost, and advance measure of temperature compensation through the use of an oven. Thus, the OCXOs are anticipated to grow with the highest CAGR during the forecast period.