The report "Oven-Controlled Crystal Oscillator (OCXO) Market by Type, Mounting Scheme (Surface Mount, Through-hole), Application (Consumer Electronics, Telecom & Networking, military & aerospace, Industrial, Automotive, Medical) and Region - Global Forecast to 2028" The global OCXO market was valued at USD 464 million in 2023 and is projected to reach USD 528 million by 2028, registering a CAGR of 2.6% during the forecast period. The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO market.
By Mounting Scheme and
Type: Surface mount accounted for the largest share of the OCXO market in 2028.
In 2022, the surface
mount held the largest share of the OCXO market. The growth of this segment can
be attributed to the miniaturization of components, high analog and digital
signal transmission speed, high-frequency effects, and improved yield and
production efficiency. Surface-mount oscillators incur low material and
production costs and involve a simple production process. Hence, such crystal
oscillators are increasingly being used in consumer electronics and telecom
& networking applications. In 2022, the EMXO segment held a larger share of
the OCXO market. The growth of this segment can be attributed to the miniaturization
of components, high analog and digital signal transmission speed,
high-frequency effects, and improved yield and production efficiency. Hence,
such OCXOs are increasingly being used in consumer electronics and telecom
& networking applications.
By Application: In 2028,
Telecom & Networking segment accounted for the largest share of the OCXO
market.
Telecom and Networking
segment accounted for the largest share of the OCXO market in 2028. Telecom
& networking is a fast-growing sector due to the high dependence on the
internet for the sustenance of modern-day activities. With the increasing
deployment of 5G networks, the installation of multiple small cells to
complement large cell towers and provide seamless coverage is growing. 5G is
intended to support new technologies, such as autonomous vehicles and other use
cases that will require near-real-time connectivity.
Thus, it is most
suitable for the field of mobile communication. The demand for oscillators is
expected to grow with the expansion of communication networks as well as the
installation of 5G networks in the coming years. The requirement for reliable
synchronization, accurate timing, and precise frequency references in diverse
network applications drives the overall demand for OCXOs in the telecom &
network industry.
Asia Pacific likely to
hold the largest share of the OCXO market during the forecast period.
Asia Pacific held the
largest share in the OCXO market in 2022 and is also expected to witness the
highest CAGR during the forecast period. The growth in the region is attributed
to the presence of numerous ecosystem players such as Seiko Epson Corporation
(Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), KYOCERA
Crystal Device Corporation (Japan), and Daishinku Corp. (Japan).
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Additionally, the market
growth in this region can be attributed to the increased demand for various
consumer electronic devices in countries such as China, Taiwan, and Japan. The
market is expected to witness growth in the coming years owing to the adoption
of different industrial solutions in the regional automotive industry, as well
as the required government support in this regard.
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