Oven-Controlled Crystal Oscillator (OCXO) Market Size, Trends

Oven-Controlled Crystal Oscillator (OCXO) Market Size, Share & Industry Trends Analysis Report by Type, Mounting Scheme (Surface Mount, Through-hole), Application (Consumer Electronics, Telecom & Networking, military & aerospace, Industrial, Automotive, Medical) and Region - Global Forecast to 2028

Report Code: SE 8687 Jun, 2023, by marketsandmarkets.com

Updated on : Sep 18, 2024

Oven-Controlled Crystal Oscillator (OCXO) Market Size & Growth

The global Oven-Controlled Crystal Oscillator (OCXO) Market size is projected to grow from USD 464 million in 2023 to USD 528 million by 2028; growing at a CAGR of 2.6% from 2023 to 2028. The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO industry.

Oven-Controlled Crystal Oscillator (OCXO) Market

Oven-Controlled Crystal Oscillator (OCXO) Market

Oven-Controlled Crystal Oscillator (OCXO) Market 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. 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.

Various crystal oscillators such as VCXOs, TCXOs, and OCXOs help easily design customer circuits and improve quality performance for high-speed networks and next-generation wireless telecommunication systems. Hence, the rising development of the 5G network is expected to drive the OCXO market, owing to its robust, reliable, and proven temperature-sensing capabilities.

Restraint: Higher power consumption of OCXOs

OCXOs often use more power than other oscillator categories because of the temperature-controlled oven functions. The higher power consumption of OCXOs may restrict their use in situations where power efficiency is important, such as battery-operated devices or low-power systems.

Moreover, excess power consumption frequently leads to increased heat generation, particularly in small form factor devices or systems with constrained heat dissipation capacities. To control the heat produced by OCXOs, manufacturers may need to take additional steps, such as using heat sinks, thermal pads, or cooling systems, which can add complexity and expense. Hence, higher power consumption acts as a key roadblock for the manufacturers of OCXOs, thereby restraining market growth.

Opportunity: Growing need for high-precision timing and frequency stability due to network densification

The telecommunications network is shifting toward next-generation network connectivity and currently uses 4G/5G small cells and synchronous Ethernet to increase network data capacity, resulting in impending network densification. This drives the rapid deployment of end-use devices in uncontrolled environments, which will introduce added stressors on the systems, such as dynamic temperature changes, thermal shock, unpredictable airflow, and vibration.

These dynamic conditions affect component performance, especially the stability of legacy quartz timing devices. Applications requiring highly precise and stable frequency frequently use OCXOs.

The growing need for precise timing in several industries, including telecommunications, aerospace & defense, and scientific research, is expected to drive the OCXOs market. In aerospace & defense applications, OCXOs keep precise time references across many devices and networks, such as atomic clocks, time servers, and synchronization systems.

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.

The through-hole segment is projected to grow at a higher CAGR during the forecast period.

The through-hole method requires less capital investment because breadboard sockets can be easily used during the prototype design. Also, the manufacturing process using the through-hole method does not require advanced technologies and skills.

Through-hole crystal oscillators have preferable temperature and electrical characteristics and can be used in applications requiring a wide range of frequencies. As through-hole component leads run through the board, it increases the ability of components to withstand environmental stress. Therefore, this technology is commonly used in military, automobile, and aerospace products that may experience extreme accelerations, collisions, or high temperatures.

The DOCXO segment is likely to grow at a higher CAGR during the forecast period

DOCXO is a type of OCXO with an additional outer oven wrapped around the internal OCXO. The outer oven implies that DOCXOs have an additional layer of insulation over which the power input must balance heat dissipation, resulting in a drop in the maximum ambient temperature at which the oven can operate.

The benefits include fast warm-up time, low power consumption, good phase noise, long-term stability for the frequency, and multiple supply voltage options. These oscillators are designed for applications that require precision timing and low-phase noise performance, such as instrument reference, microwave communication, clock reference in microwave source signal, test and measurement, and telecom systems.

Consumer electronics segment to hold the larger share of the market during the forecast period

Consumer electronics is one of the major application areas for OCXOs. Significant trends in this sector include high-end audio and video equipment, network time servers, and test & measurement instruments.

OCXOs are used in consumer electronics applications due to their high stability, good quality factor, and small size. They are used for various roles, such as precise timing and synchronization for accurate video signal processing, data logging in digital to analog converters (DACs), music players, professional-grade video cameras, spectrum analyzers, and signal generators.

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.

Oven-Controlled Crystal Oscillator (OCXO) Market by Region

Oven-Controlled Crystal Oscillator (OCXO) Market by Region

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Top Oven-Controlled Crystal Oscillator (OCXO) Companies - Key Market Players

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.

Oven-Controlled Crystal Oscillator (OCXO) Market Report Scope

Report Metric

Details

Estimated Market Size  USD 464 million in 2023
Projected Market Size USD 528 million by 2028
Oven-Controlled Crystal Oscillator (OCXO) Market Growth Rate CAGR of 2.6%

Oven-Controlled Crystal Oscillator (OCXO) Market Size Availability for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Forecast Units

Value (USD)

Segments Covered

By Mounting Scheme and Type, By Application, Regional Analysis

Geographies Covered

Americas, Europe, Asia Pacific, and RoW

Companies Covered

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)

Oven-Controlled Crystal Oscillator (OCXO) Market Highlights

This research report categorizes the OCXO market based on by mounting scheme and type,  by application, and by region.

Segment

Subsegment

OCXO Market, By Mounting Scheme

  • Surface Mount
  • Through-hole

OCXO Market, By Type

  • Double Oven Controlled Crystal Oscillators (DOCXO)
  • Evacuated Miniature Crystal Oscillators (EMXO)

OCXO Market, By Application

  • Telecom & Networking               
  • Consumer Electronics
  • Military & Aerospace
  • Research & Measurement
  • Industrial
  • Automotive
  • Medical

OCXO Market, By Region

  • Americas
    • US
    • Canada
    • Mexico
    • Rest of the Americas
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Taiwan
    • Rest of Asia Pacific
  • ROW
    • Middle East
    • Africa

Recent Developments in Oven-Controlled Crystal Oscillator (OCXO) Market

  • In April 2023, TXC Corporation launched a new series of OCXO products—ThermSymHercules. The products achieve the best performance for time synchronization in 5G network infrastructure.
  • In April 2023, SiTime Corporation announced that it would deliver precision timing solutions to Lattice Semiconductor, the low-power programmable leader. The SiTime devices, such as Cascade MEMS-based Clock-System-on-a-Chip (ClkSoC) and an Emerald OCXO or Elite X Super-TCXO, were introduced into Lattice’s new synchronization hardware development platform.
  • In July 2021, The “NH37M28LP” ultra-low phase noise 100 MHz OCXO (crystal oscillator with temperature chamber) was manufactured by NIHON DEMPA KOGYO CO., LTD. This product is the second in the company’s low-noise OCXO in the Ultimate series, utilizing its proprietary low-noise circuitry for measuring instruments, radar systems, medical equipment, and microwave reference signals.
  • In September 2020, Daishinku Corp. launched “Arkh.5G”, an oven-controlled crystal oscillator equipped with Arkh.3G, a next-generation crystal timing device. The product is small in size and offers the advantages of lower cost and power consumption.
  • In April 2020, Microchip Technology Inc. launched the 53100A phase noise analyzer for precision oscillator characterization. The product launch helped research and manufacturing engineers make precise and accurate measurements of frequency signals.

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INTRODUCTION
17
RESEARCH METHODOLOGY
21
EXECUTIVE SUMMARY
32
PREMIUM INSIGHTS
35
MARKET OVERVIEW
38
  • 5.1 INTRODUCTION
  • 5.2 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
  • 5.3 VALUE CHAIN ANALYSIS
  • 5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
    REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS
  • 5.5 ECOSYSTEM/MARKET MAP
  • 5.6 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.7 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.8 PATENT ANALYSIS
  • 5.9 TECHNOLOGY ANALYSIS
    GREEN CRYSTAL TECHNOLOGY
    HYBRID MICROCIRCUIT TECHNOLOGY
  • 5.10 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
  • 5.11 KEY CONFERENCES AND EVENTS, 2023–2024
  • 5.12 TRADE ANALYSIS
    TRADE ANALYSIS FOR OCXOS
  • 5.13 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS AND REGULATIONS
    - Regulations
    - Standards
  • 5.14 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY APPLICATION
OCXO MARKET, BY MOUNTING SCHEME
59
  • 6.1 INTRODUCTION
  • 6.2 SURFACE MOUNT
    OFFERS HIGHER COMPONENT DENSITY PER UNIT AND LOWER COST OF UNIT ASSEMBLIES
  • 6.3 THROUGH-HOLE
    REQUIRES LOW CAPITAL INVESTMENT
OCXO MARKET, BY TYPE
63
  • 7.1 INTRODUCTION
  • 7.2 DOUBLE OVEN-CONTROLLED CRYSTAL OSCILLATOR
    REQUIREMENT OF PRECISE TIMING AND LOW-PHASE NOISE PERFORMANCE
  • 7.3 EVACUATED MINIATURE CRYSTAL OSCILLATOR
    GROWING DEMAND IN AEROSPACE & DEFENSE APPLICATIONS
OCXO MARKET, BY APPLICATION
66
  • 8.1 INTRODUCTION
  • 8.2 TELECOM & NETWORKING
    DEPLOYMENT OF 5G NETWORK
  • 8.3 CONSUMER ELECTRONICS
    GROWING USE OF ELECTRONIC DEVICES
  • 8.4 MILITARY & AEROSPACE
    ONGOING DEVELOPMENT OF SOPHISTICATED MISSILES AND WEAPONS
  • 8.5 RESEARCH & MEASUREMENT
    IMPROVES PRECISION AND RELIABILITY OF MEASUREMENT AND RESEARCH OPERATIONS
  • 8.6 INDUSTRIAL
    PRIMARILY USED IN INDUSTRIAL APPLICATIONS TO ACHIEVE FREQUENCY STABILITY
  • 8.7 AUTOMOTIVE
    TECHNOLOGY DISRUPTION IN AUTOMOTIVE SECTOR
  • 8.8 MEDICAL
    ADVANCEMENTS IN MEDICAL TECHNOLOGY
OCXO MARKET, BY REGION
77
  • 9.1 INTRODUCTION
  • 9.2 AMERICAS
    US
    - Ongoing automation of industries to boost demand
    CANADA
    - Surging investments in development of advanced technologies
    MEXICO
    - Participation in FTAs offers lucrative opportunities
    REST OF AMERICAS
    IMPACT OF RECESSION IN AMERICAS
  • 9.3 EUROPE
    UK
    - Advancements in electronics and networking to drive demand for crystal oscillators
    GERMANY
    - Flourishing automotive sector to foster market expansion
    FRANCE
    - Surging adoption of AI and ML in industrial sector to bolster market
    REST OF EUROPE
    IMPACT OF RECESSION IN EUROPE
  • 9.4 ASIA PACIFIC
    CHINA
    - Rapid industrial development to expand market
    JAPAN
    - Rising adoption of precision automation and robotics due to increasing competition to boost market
    SOUTH KOREA
    - Growing demand from automotive and consumer electronics industries to drive market
    TAIWAN
    - Advanced technology ecosystem to boost market growth
    REST OF ASIA PACIFIC
    IMPACT OF RECESSION IN ASIA PACIFIC
  • 9.5 ROW
    MIDDLE EAST
    - Presence of young population, rising urbanization, and growing income levels to impact market
    AFRICA
    - Flourishing consumer electronics sector to play vital role in growth of market
COMPETITIVE LANDSCAPE
94
  • 10.1 INTRODUCTION
  • 10.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
    PRODUCT PORTFOLIO
    REGIONAL FOCUS
    ORGANIC/INORGANIC GROWTH STRATEGIES
  • 10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS
  • 10.4 MARKET SHARE ANALYSIS, 2022
  • 10.5 KEY COMPANY EVALUATION QUADRANT, 2022
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
  • 10.6 COMPETITIVE BENCHMARKING
  • 10.7 COMPETITIVE SCENARIOS AND TRENDS
COMPANY PROFILES
105
  • 11.1 KEY PLAYERS
    NIHON DEMPA KOGYO CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TXC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DAISHINKU CORP.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SEIKO EPSON CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    MICROCHIP TECHNOLOGY INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SITIME CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    RAKON LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MERCURY ELECTRONIC IND. CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    ABRACON
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GREENRAY INDUSTRIES, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 11.2 OTHER PLAYERS
    MTI-MILLIREN TECHNOLOGIES, INC.
    QVS TECH, INC.
    BLILEY TECHNOLOGIES, INC.
    IQD FREQUENCY PRODUCTS
    MTRONPTI
    RALTRON ELECTRONICS
    ECS INC.
    CTS CORPORATION
APPENDIX
138
  • 12.1 DISCUSSION GUIDE
  • 12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 12.3 CUSTOMIZATION OPTIONS
  • 12.4 RELATED REPORTS
  • 12.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 MARKET GROWTH ASSUMPTIONS
  • TABLE 2 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT
  • TABLE 3 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON OCXO MARKET
  • TABLE 4 RISK ASSESSMENT: OCXO MARKET
  • TABLE 5 OCXO MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
  • TABLE 7 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
  • TABLE 8 NUMBER OF PATENTS REGISTERED IN OCXO MARKET IN LAST 10 YEARS
  • TABLE 9 PATENTS PERTAINING TO OCXO, 2020–2023
  • TABLE 10 OCXO MARKET: LIST OF CONFERENCES AND EVENTS
  • TABLE 11 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
  • TABLE 12 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
  • TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 OCXO MARKET, BY MOUNTING SCHEME, 2019–2022 (USD MILLION)
  • TABLE 17 OCXO MARKET, BY MOUNTING SCHEME, 2023–2028 (USD MILLION)
  • TABLE 18 OCXO MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 19 OCXO MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 20 OCXO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 21 OCXO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 22 OCXO MARKET, BY APPLICATION, 2019–2022 (THOUSAND UNITS)
  • TABLE 23 OCXO MARKET, BY APPLICATION, 2023–2028 (THOUSAND UNITS)
  • TABLE 24 TELECOM & NETWORKING: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 25 TELECOM & NETWORKING: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 26 CONSUMER ELECTRONICS: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 27 CONSUMER ELECTRONICS: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 28 MILITARY & AEROSPACE: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 29 MILITARY & AEROSPACE: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 30 RESEARCH & MEASUREMENT: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 31 RESEARCH & MEASUREMENT: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 32 INDUSTRIAL: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 33 INDUSTRIAL: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 34 AUTOMOTIVE: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 35 AUTOMOTIVE: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 36 MEDICAL: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 37 MEDICAL: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 38 OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 39 OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 40 AMERICAS: OCXO MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 41 AMERICAS: OCXO MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 42 AMERICAS: OCXO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 43 AMERICAS: OCXO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 44 EUROPE: OCXO MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 45 EUROPE: OCXO MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 46 EUROPE: OCXO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 47 EUROPE: OCXO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 48 ASIA PACIFIC: OCXO MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 49 ASIA PACIFIC: OCXO MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 50 ASIA PACIFIC: OCXO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 51 ASIA PACIFIC: OCXO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 52 ROW: OCXO MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 53 ROW: OCXO MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 54 ROW: OCXO MARKET, BY APPLICATION, 2019–2022 (USD THOUSAND)
  • TABLE 55 ROW: OCXO MARKET, BY APPLICATION, 2023–2028 (USD THOUSAND)
  • TABLE 56 OVERVIEW OF STRATEGIES DEPLOYED BY KEY OCXO MANUFACTURERS
  • TABLE 57 OCXO MARKET: DEGREE OF COMPETITION, 2022
  • TABLE 58 COMPANY FOOTPRINT
  • TABLE 59 COMPANY APPLICATION FOOTPRINT
  • TABLE 60 COMPANY REGION FOOTPRINT
  • TABLE 61 OCXO MARKET: PRODUCT LAUNCHES, 2020–2023
  • TABLE 62 OCXO MARKET: DEALS, 2020–2023
  • TABLE 63 NIHON DEMPA KOGYO CO., LTD.: COMPANY OVERVIEW
  • TABLE 64 NIHON DEMPA KOGYO CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 65 NIHON DEMPA KOGYO CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
  • TABLE 66 NIHON DEMPA KOGYO CO., LTD: DEALS, 2020–2023
  • TABLE 67 TXC CORPORATION: COMPANY OVERVIEW
  • TABLE 68 TXC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 69 TXC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
  • TABLE 70 DAISHINKU CORP.: COMPANY OVERVIEW
  • TABLE 71 DAISHINKU CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 72 DAISHINKU CORP.: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
  • TABLE 73 SEIKO EPSON CORPORATION: COMPANY OVERVIEW
  • TABLE 74 SEIKO EPSON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 75 MICROCHIP TECHNOLOGY INC.: COMPANY OVERVIEW
  • TABLE 76 MICROCHIP TECHNOLOGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 77 MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
  • TABLE 78 SITIME CORPORATION: COMPANY OVERVIEW
  • TABLE 79 SITIME CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 80 SITIME CORPORATION: DEALS, 2020–2023
  • TABLE 81 RAKON LIMITED: COMPANY OVERVIEW
  • TABLE 82 RAKON LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 83 RAKON LIMITED: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
  • TABLE 84 MERCURY ELECTRONIC IND. CO., LTD.: COMPANY OVERVIEW
  • TABLE 85 MERCURY ELECTRONIC IND. CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 86 ABRACON: COMPANY OVERVIEW
  • TABLE 87 ABRACON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 88 ABRACON: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
  • TABLE 89 GREENRAY INDUSTRIES, INC.: COMPANY OVERVIEW
  • TABLE 90 GREENRAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 91 GREENRAY INDUSTRIES, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2023
LIST OF FIGURES
 
  • FIGURE 1 OCXO MARKET SEGMENTATION
  • FIGURE 2 OCXO MARKET: RESEARCH DESIGN
  • FIGURE 3 BREAKDOWN OF PRIMARIES
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 5 DEMAND SIDE ANALYSIS: OCXO MARKET
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 7 SUPPLY-SIDE ANALYSIS: OCXO MARKET (1/2)
  • FIGURE 8 SUPPLY-SIDE ANALYSIS: OCXO MARKET (2/2)
  • FIGURE 9 OCXO MARKET: DATA TRIANGULATION
  • FIGURE 10 OCXO MARKET SIZE, 2019–2028
  • FIGURE 11 TELECOM AND NETWORKING SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 12 SURFACE MOUNT SEGMENT PROJECTED TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 13 FROM 2023 TO 2028, ASIA PACIFIC TO LEAD OCXO MARKET IN TERMS OF VALUE
  • FIGURE 14 GROWING TELECOMMUNICATION INDUSTRY TO DRIVE OCXO MARKET GROWTH
  • FIGURE 15 SURFACE MOUNT SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 16 DOCXO TO DISPLAY HIGHER CAGR IN OCXO MARKET DURING FORECAST PERIOD
  • FIGURE 17 IN TERMS OF VALUE, TELECOM AND NETWORKING APPLICATION TO SECURE LARGEST SHARE OF MARKET IN 2028
  • FIGURE 18 CHINA TO RECORD HIGHEST CAGR IN OCXO MARKET DURING FORECAST PERIOD
  • FIGURE 19 OVEN-CONTROLLED CRYSTAL OSCILLATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 20 GLOBAL SMARTPHONE SHIPMENTS FORECAST, BY NETWORK (2023) (MILLION UNITS)
  • FIGURE 21 OCXO MARKET: VALUE CHAIN
  • FIGURE 22 REVENUE SHIFT IN OCXO MARKET
  • FIGURE 23 OCXO ECOSYSTEM
  • FIGURE 24 PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
  • FIGURE 26 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
  • FIGURE 27 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
  • FIGURE 28 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022
  • FIGURE 29 OCXO MARKET: AVERAGE SELLING PRICES
  • FIGURE 30 OCXO MARKET, BY MOUNTING SCHEME
  • FIGURE 31 SURFACE MOUNT OCXOS TO DISPLAY HIGHER CAGR FROM 2023 TO 2028
  • FIGURE 32 OCXO MARKET, BY TYPE
  • FIGURE 33 DOUBLE OVEN-CONTROLLED CRYSTAL OSCILLATORS TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 34 OCXO MARKET, BY APPLICATION
  • FIGURE 35 TELECOM AND NETWORKING APPLICATION TO DISPLAY HIGHEST CAGR FROM 2023 TO 2028
  • FIGURE 36 ASIA PACIFIC PROJECTED TO SECURE LARGEST MARKET SHARE IN 2028
  • FIGURE 37 AMERICAS: SNAPSHOT OF OCXO MARKET
  • FIGURE 38 EUROPE: SNAPSHOT OF OCXO MARKET
  • FIGURE 39 ASIA PACIFIC: SNAPSHOT OF OCXO MARKET
  • FIGURE 40 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN OCXO MARKET
  • FIGURE 41 KEY COMPANY EVALUATION QUADRANT: OCXO MARKET, 2022
  • FIGURE 42 NIHON DEMPA KOGYO CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 43 TXC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 44 DAISHINKU CORP.: COMPANY SNAPSHOT
  • FIGURE 45 SEIKO EPSON CORPORATION: COMPANY SNAPSHOT
  • FIGURE 46 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT
  • FIGURE 47 SITIME CORPORATION: COMPANY SNAPSHOT
  • FIGURE 48 RAKON LIMITED: COMPANY SNAPSHOT

The study involved four major activities in estimating the size of the OCXO market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering OCXOs have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases.

Secondary research has been mainly conducted to obtain critical information about the value chain of the market, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market-and technology-oriented perspectives. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated by primary research.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the OCXO market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand and supply sides across 4 major regions: Americas, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Oven-Controlled Crystal Oscillator (OCXO) Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the OCXO market.

  • Identifying the types of OCXOs and their penetration in different applications
  • Analyzing the penetration of each type of OCXO through secondary and primary research
  • Identifying the ASP of different types of OCXOs for the respective applications by conducting multiple discussion sessions with key opinion leaders to understand the detailed working of OCXOs and their implementation in multiple applications; this helped analyze the break-up of the scope of work carried out by each major company
  • Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, and operation managers, and finally with MarketsandMarkets’ domain experts
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Oven-Controlled Crystal Oscillator (OCXO) Market Size, and bottom-up-Approach

The top-down approach has been used to estimate and validate the total size of the OCXO market.

  • Focusing on the expenditures being made in the ecosystem by OCXO manufacturers
  • Splitting the market by type, mounting scheme, application, and region, and listing the key developments
  • Identifying all leading players and end users in the OCXO market based on type, mounting scheme, and application through secondary research and verifying them through a brief discussion with industry experts
  • Analyzing revenues, product mix, and geographic presence of all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing splits with the industry experts to validate the information and identify the key growth pockets across all segments
  • Breaking down the total market size based on verified splits and key growth pockets across all segments

Oven-Controlled Crystal Oscillator (OCXO) Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the OCXO market from the estimation process explained earlier, the global market was split into several segments and subsegments. Where applicable, data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.

Market Definition

An oven-controlled crystal oscillator (OCXO) is a crystal oscillator designed to provide highly stable and accurate frequency signals. OCXOs can achieve extremely high-frequency stability and low-phase noise by maintaining a steady temperature. The oven-controlled design compensates for temperature fluctuations in the environment, resulting in improved accuracy and long-term frequency stability.

OCXOs have excellent frequency stability, often reaching parts per billion (ppb) or even parts per trillion (ppt) levels. This level of stability makes them suitable for applications where precise timing is critical.

Key Stakeholders

  • Manufacturers of OCXOs
  • Automotive and consumer electronics companies
  • Suppliers of semiconductor components
  • Distributors and sellers of OCXOs
  • Assemblers of electronic systems
  • Providers of technology solutions and design contractors
  • Electronics and semiconductor companies
  • Suppliers of raw materials for OCXOs
  • Technology standards organizations, forums, alliances, and associations
  • Universities and research organizations
  • Government bodies

Report Objectives

  • To describe and forecast the oven-controlled crystal oscillator (OCXO) market on the basis of application in terms of value and volume
  • To define and estimate the OCXO market on the basis of type and mounting scheme in terms of value
  • To describe and predict the market size of various segments across four key regions—Americas, Europe, Asia Pacific, and the Rest of World (RoW), in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the OCXO market 
  • To offer an overview of the value chain pertaining to the OCXO ecosystem, along with the average selling prices of OCXOs
  • To strategically analyze the ecosystem, tariff and regulatory landscape, patent landscape, Porter’s five forces, import and export scenarios, trade landscape, and case studies pertaining to the market under study
  • To examine micromarkets with regard to individual growth trends, prospects, and contributions to the overall market
  • To scrutinize opportunities in the market for stakeholders by identifying high-growth segments
  • To provide details of the competitive landscape for market leaders
  • To analyze strategies, such as product launches and development, acquisition, partnership, agreement, collaboration, agreement, expansion, and merger adopted by players in the OCXO market
  • To profile key players in the OCXO market and comprehensively analyze their market ranking based on their revenue, market share, and core competencies
  • Updated market developments of profiled players: The current report includes the market developments from 2020 and April 2023

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 8687
Published ON
Jun, 2023
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