Crystal Oscillator Market Size Worth USD 3.61 Billion in 2028

The global crystal oscillator market size is expected to reach USD 3.61 Billion in 2028 and register steady revenue CAGR of 2.4% during the forecast period, according to latest analysis by Emergen Research. Some key factors driving market revenue growth are increasing investments in development of Electric Vehicles (EVs) by leading companies operating in the global automotive market, rising demand for semiconductors, increasing adoption of Automatic Driver Assistance Systems (ADAS), and rising demand for smart consumer electronics.

Increasing demand for smart devices is resulting in steady demand for semiconductors. Crystal oscillator circuit sustains oscillation by taking and amplifying a voltage signal from the quartz resonator, and feeding it back to the resonator. Oven-Controlled Crystal Oscillator (OCXO) circuit provides high-frequency stability and consists of high-cost crystal. The Temperature Compensated Crystal Oscillator (TCXO) circuit offers an advantage of precision frequency temperatures, requires less space, and are available at reasonable cost, which make these ideal for high-end operations. Moreover, increasing adoption of technologically advanced electronics and Internet of Things (IoT) powered devices is expected to boost revenue growth of the global crystal oscillator market.