Oven-Controlled Crystal Oscillator (OCXO) Market Size worth $528 million by 2028, at a CAGR of 2.6%
The “Oven-Controlled Crystal Oscillator (OCXO) Market Size 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 Size 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.
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The major players in the OCXO companies include Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), Daishinku Corp. (Japan), Microchip Technology Inc. (US), SiTime Corporation (US), Rakon Limited. (New Zealand), Abracon (US), Mercury Electronic Ind. Co., Ltd. (Taiwan), Greenray Industries, Inc. (US), MTI-Milliren Technologies, Inc. (US), QVS Tech, Inc. (US), Bliley Technologies, Inc. (US), CTS Corporation (US), Micro Crystal AG (Switzerland), MtronPTI (US), IQD Frequency Products (UK), Raltron Electronics (US), ECS Inc. (US), and AXTAL GmbH (Germany). These companies have used organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships, to strengthen their position in the market.
Browse 91 market data Tables and 48 Figures spread through 148 Pages and in-depth TOC on “Oven-Controlled Crystal Oscillator (OCXO) Market Size by Type, Mounting Scheme (Surface Mount, Through-hole), Application (Consumer Electronics, Telecom & Networking, military & aerospace, Industrial, Automotive, Medical) and Region – Global Forecast to 2028 “
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Oven-Controlled Crystal Oscillator (OCXO) Market Dynamics
Driver: Expanding Telecommunications Industry
The telecommunications industry significantly drives the OCXO market size. Precise timing and synchronization are crucial for developing wireless networks, implementing 5G technology, and faster data transfer. Oven-controlled crystal oscillators are essential in satellite, telecom, broadcast, and other space applications.
5G is expected to connect people, things, data, applications, transport systems, and cities in smart network communication environments. It can transfer large volumes of data swiftly, establish reliable connections between devices, and process massive volumes of data with minimal delay.
5G technologies are expected to support applications such as smart homes and buildings, smart cities, 3D video, work and play in the cloud, remote medical services, virtual and augmented reality, and massive machine-to-machine communications for industrial automation.
Challenge: High manufacturing costs compared with other oscillators
OCXOs are typically more expensive than other types of oscillators. Higher manufacturing costs are due to the requirement for precise temperature management and the inclusion of a temperature-controlled oven.
The higher cost can be a reason for the low adoption of OCXOs, particularly in price-sensitive applications. Additionally, the increased cost of OCXOs may provide the potential for other oscillator technologies to gain market share. Users looking to balance price and performance may find lower-cost alternatives, including temperature-compensated crystal oscillators (TCXOs) or MEMS oscillators. As a result, there may be more rivalry, which could affect the OCXO market growth.
Nihon Dempa Kogyo Co., Ltd.
NIHON DEMPA KOGYO CO., LTD. is one of the largest quartz crystal companies. The company manufactures and supplies highly accurate and reliable crystal products using advanced technology and thorough quality control. It is solely involved in both the manufacture and sale of quartz crystal units, crystal devices, ultrasonic transducers, and synthetic quartz crystals, and there are no separate operating segments related to OCXOs.
The crystal devices portfolio of NIHON includes crystal units, crystal oscillators, and crystal filters, which are mainly designed for applications across the automotive and mobile communications industries. The company operates in Asia Pacific, Europe, and North America.
Microchip Technology Inc.
Microchip Technology Inc. provides smart, connected, and secure embedded control solutions. The company operates through 3 segments, namely, Microcontrollers, Analog, and Other. The company offers products under categories such as microcontrollers and microprocessors, clock and timing, data converters, embedded controllers and super I/O, foundry services, FPGAs and PLDs, interface and connectivity, LED drivers and backlighting, power management, power over ethernet, security ICs, sensors, smart energy/metering, storage solutions, synchronization, and timing systems, and wireless connectivity.
Americas likely to hold the larger share of the OCXO Market during the forecast period
The Americas is one of the most technologically advanced markets for OCXOs. The region facilitates and advocates the advancement and transformation of cellular technologies such as LTE, 5G, and beyond, which provides huge growth opportunities for OCXO manufacturers.
The automotive and consumer electronics sectors have also seen considerable growth and increased demand in this region. In addition, the number of smartphone and tablet users is also expected to increase in the coming years due to the adoption of changing network technologies. Moreover, the demand for high-end advanced cars is quite high in this region. Thus, technological advancements in these sectors are likely to drive market growth.
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