Dublin, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The "Global 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 - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global OCXO market was valued at USD 464 million in 2023 and is projected to reach USD 528 million by 2028; it is expected to register a CAGR of 2.6%
This report offers a comprehensive analysis, with segmentation by region, application, and OCXO type, shedding light on prevailing market trends and opportunities spanning various sectors and regions. It serves as a valuable resource for understanding the dynamic market landscape, explaining shifts in market value, and delving into the factors behind these changes.
Notable trends include the growth of surface mount and EMXO segments, along with an exploration of how the proliferation of 5G installations impacts the demand for OCXOs.
On a global scale, Asia Pacific emerges as the dominant OCXO market, driven by rapid developments in major Asian countries such as China, Japan, Taiwan, and South Korea. Furthermore, the increasing demand for telecommunication services in various Asian nations contributes to this region's prominence.
The surge in population growth and rapid urbanization in countries like China and Japan has accelerated regional development, subsequently spurring demand for OCXOs across industries such as telecom and networking, consumer electronics, military and aerospace, research and measurement, industrial, automotive, and medical sectors.
A detailed analysis of key drivers, including the expansion of the telecommunications industry and the broadening application scope of OCXOs, is provided. Additionally, this report highlights certain challenges faced by the market, such as OCXOs' relatively higher power consumption compared to other oscillators and stability issues in crystal oscillators.
However, it also underscores opportunities arising from the increasing need for high-precision timing and frequency stability due to network densification, the growing demand for electronic device miniaturization, improved performance, and enhanced functionality.
Key market players, including Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), Daishinku Corp. (Japan), and Microchip Technology Inc. (US), are instrumental in shaping the OCXO market landscape, contributing to its growth and innovation.
The surface mount segment is projected to grow at a higher CAGR during the forecast period
In 2022, the surface mount 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.
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.
EMXO segment to register growth at higher CAGR
In 2022, the EMXO segment held a larger share of the OCXO market. EMXO's performance is stable and dependable under demanding operational circumstances because of the vacuum-sealed architecture.
EMXOs find applications in battery-powered radio applications, seismic exploration, deep space missions, telecom transmission and switching equipment, wireless communication equipment, and military airborne and mobile systems.
Telecom & Networking application is likely to grow at a higher CAGR
Telecom & Networking application is likely to experience the highest CAGR during the forecast period. 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 145 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $464 Million |
| Forecasted Market Value (USD) by 2028 | $528 Million |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | Global |
Premium Insights
- Growing Telecommunication Industry to Drive OCXO Market Growth
- Surface Mount Segment to Record Highest CAGR During Forecast Period
- DOCXO to Display Higher CAGR in OCXO Market During Forecast Period
- Telecom and Networking Application to Secure Largest Share of Market in 2028
- China to Record Highest CAGR in OCXO Market During Forecast Period
Market Dynamics
Drivers
- Expanding Telecommunications Industry
- Widening Application Scope of Ocxos
Restraints
- High Power Consumption of Ocxos
Opportunities
- Growing Need for High-Precision Timing and Frequency Stability due to Network Densification
- Rising Demand for Electronic Device Miniaturization, Improved Performance, and Increased Functionality
Challenges
- High Manufacturing Costs Compared with Other Oscillators
- Stability Issues in Crystal Oscillators
Value Chain Analysis
- Trends and Disruptions Impacting Customers
- Revenue Shift and New Revenue Pockets for Market Players
- Revenue Shift in OCXO Market
Technology Analysis
- Green Crystal Technology
- Hybrid Microcircuit Technology
Case Studies
- Txc Corporation Launches New OCXO Series for Telecommunications
- Greenray Industries Announces Two Ocxos at Electronica 2022 for Industrial Applications
- Nihon Dempa Kogyo Co., Ltd Launches Ultra-Low Phase Noise OCXO for Medical Purposes
- Mti-Milliren Technologies Inc. Launches 225 Series OCXO for Defense and Aerospace Oems
- Mti-Milliren Technologies Inc. Introduces 263 Series OCXO for Military Applications
- Cts Corporation Launches Vfov414 and Vfov415 for Test & Measurement Purposes
Company Profiles
Key Players
- Nihon Dempa Kogyo Co., Ltd.
- Txc Corporation
- Daishinku Corp.
- Seiko Epson Corporation
- Microchip Technology Inc.
- Sitime Corporation
- Rakon Limited
- Mercury Electronic Ind. Co., Ltd.
- Abracon
- Greenray Industries, Inc.
Other Players
- Mti-Milliren Technologies, Inc.
- Qvs Tech, Inc.
- Bliley Technologies, Inc.
- Iqd Frequency Products
- Mtronpti
- Raltron Electronics
- Ecs Inc.
- Cts Corporation
For more information about this report visit https://www.researchandmarkets.com/r/q24rfx
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