According to the new market research report on the "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", published by MarketsandMarkets, the overall market is expected to be valued at1 USD 3.28 Billion by 2022 from USD 2.40 Billion in 2015, at a CAGR of 4.4% between 2016 and 2022.
Browse 67 market data Tables and 62 Figures spread through 146 Pages and in-depth TOC on "Crystal Oscillators Market"
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The major factors driving the growth of the crystal oscillators market include growing demand for smartphones and connected devices, mainstream adoption of 4G /LTE networks, and rising demand for advanced equipment from the healthcare industry.
TCXO expected to have the largest market size by 2022
Temperature compensated crystal oscillators (TCXOs) accounted for the largest share of ~37.1% of the crystal oscillators market in 2015. The TCXO market is expected to grow from USD 891.4 million in 2015 to USD 1,204.2 Million by 2022. There is a huge demand for TCXOs for use in telecom and networking as well as consumer electronics products such as smartphones and tablets; thus, the market for TXCOs is expected to grow rapidly during the forecast period.
Market for surface-mount oscillators to grow at the highest CAGR during the forecast period
The crystal oscillators market for surface mount is likely to grow at the highest rate during the forecast period. This market growth can be attributed to the wide benefits provided by these crystal oscillators such as such as low production cost and higher component density, among others. These advantages make surface mount more suitable to be used in crystal oscillator devices than thru-hole mounting scheme.
APAC likely to hold the largest share of the crystal oscillators market during the forecast period
APAC is expected to hold the largest share of the Crystal Oscillators Market during the forecast period. This region is home to many established crystal oscillator manufacturing and consumer electronics companies. The crystal oscillators market in APAC is expected to grow at a high rate during the forecast period. The high growth of the market in APAC can be attributed to the extension of telecommunication network in China, Thailand,Malaysia, South Korea, India, and other developing countries in this region.
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The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture where a large number of big and small players have become a force to reckon with. The key players in this market are Miyazaki Epson Corp. (Japan), Nihon Dempa Kogyo (NDK) Co., Ltd. (Japan), TXC Corp. (Taiwan), KYOCERA Crystal Device (KCD) Corp. (Japan), Daishinku Corp. (Japan), Vectron International (U.S.), Siward Crystal Technology Co., Ltd. (Taiwan), Rakon Ltd. (New Zealand), River Eletec Corp. (Japan), Mercury Electronic Ind. Co., Ltd. (Taiwan), Hosonic Electronic Co., Ltd. (Taiwan), and Murata Manufacturing Co., Ltd.(Japan), among others.