Quartz Crystal Market : To Witness Excellent Revenue Growth, Emerging Trends

 

• The global quartz crystal market was valued at US$ 4.69 Bn in 2021
• It is estimated to expand at a CAGR of 6.8% from 2022 to 2031
• The global quartz crystal market is expected to reach a value of US$ 8.83 Bn by the end of 2031

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Global Quartz Crystal Market Introduction

• Quartz crystals can be used to create extremely accurate timekeeping devices and equipment that can transmit radio and television signals with precise and stable frequencies, because these frequencies are so precise. The ability of quartz crystals to vibrate at specific frequencies is one of the most amazing features of this substance. In the electronics sector, quartz crystals are employed in various applications. However, they are primarily used as resonators in electronic circuits. Silica manifests itself naturally in the form of quartz. Quartz is available in two forms: macrocrystalline and microcrystalline. Popular types of crystals available include amethyst crystal, carnelian crystal, moldavite crystal, and citrine crystal. Quartz crystals are presently created artificially to cater to the rise in demand. Various sizes of quartz crystal resonators are available depending on the applications needed. Quartz crystal possesses various beneficial properties such as automatic amplitude control and high frequency stability, which in turn drives the global quartz crystal market.
• The global quartz crystal market demand analysis is projected to be positive during the forecast period due to a rise in the demand for quartz crystals from electronics and telecom sectors across the globe. Furthermore, increase in usage of quartz crystal in various devices and system such as cable television, radio & communication systems, microprocessors and controllers, medical devices, computers & modems, sensors, disk drives, global positioning systems (GPS), video cameras & games, and consumer tech. & cellphones drives the market.

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Increase in Demand for Quartz Crystal from Consumer Electronics Industry

• Consumer electronics make extensive use of quartz, and quartz resonators are utilized as high-performance resonators in oscillators and filters. Quartz is able to provide resonant electronic components with exceptionally high levels of Q for use in filters and oscillators in electronic circuit designs. Consequently, usage of quartz crystal has increased in consumer electronics devices including smartphones, PCs, TVs, smart speakers, VR headsets, smartphone accessories, tablets, wearables, and game consoles.
• Crystal oscillators are necessary in almost every electronic system for the system to operate normally, due to its excellent performance and low cost. The key factor that makes crystal oscillators necessary in consumer electronic systems is time accuracy. For instance, a crystal oscillator is required to act as a clock signal when a microprocessor-based system issues or receives commands, stores or sends data, or communicates with other devices through external interfaces.t

Increase in Development of 5G Network

• Demand for quartz crystal is expected to rise substantially owing to a rise in rate of adoption of crystals in the telecommunication sector, especially for network communication applications. Increase in deployment of 5G network globally is one of the significant factors that is projected to drive the quartz crystal market size in the next few years. Furthermore, crystals are available in low and medium voltage, thus they are utilized in portable telephones, cellular phones, communications equipment, cellular radios, and in aerospace and two-way radio communications.

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Increased Demand for KHz Quartz Crystals from Diverse Industries

• In terms of frequency, the global quartz crystal market has been segregated into KHz and MHz. KHz frequency was one of the significant frequency types in the market in 2021, owing to an increase in demand from various sectors and industries such as IoT, wearables, metering, industrial, automotive, health care, portables, etc.
• Regular crystal oscillators can oscillate at frequencies ranging from about 40 kHz to well over 100 MHz, depending on their circuit design and the amplifier they employ. The cut of the crystal also affects how it would behave because some crystals vibrate at more than one frequency, producing additional oscillations.
• Micro Crystal AG provides CM8V-T1A 0.3 is a low frequency SMT Quartz Crystal Unit that incorporates a tuning fork Quartz Crystal Resonator. It runs in a vacuum inside a ceramic container that is hermetically sealed and has a metal lid. This device is used in applications in IoT, industrial, health care, smart cards, ultra-thin devices, wearables, and portables.

Regional Outlook of Global Quartz Crystal Market

• Asia Pacific held the highest share of 39.25% of the global quartz crystal market in 2021, owing to the presence of key market players, technological advancements, and countries, such as the China and Japan who are offering ample and lucrative opportunities for manufacturers on a long-term basis in the region. Furthermore, China is one of the important economies in Asia Pacific, and it holds the largest market share due to rise in investments in the consumer electronics industry in the country. Furthermore, North America held the second-largest share of the global market due to an increase in government initiatives and a rise in the demand for quartz crystals, especially from automotive, IT and telecommunication and healthcare industries. The U.S. accounted for a prominent share, in terms of value, of the North America.
• Middle East & Africa is a larger market for quartz crystal as compared to Latin America; however, the market in Latin America is estimated to expand at a rapid pace as compared to the market in Middle East & Africa.

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Analysis of Key Players in Global Quartz Market

• The global quartz crystal market is consolidated with a small number of large-scale vendors controlling the majority of the market share. A majority of the firms are spending significantly on comprehensive research and development, and new product development. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by key players. Abracon, ACTE A/S, Diodes Incorporated, DK Photonics, KYOCERA Crystal Device Corporation, Micro Crystal AG, Microchip Technology Inc., Nihon Dempa Kogyo Co., Ltd., RIVER ELETEC CORPORATION, Seiko Epson Corporation, SiTime Corporation, and TXC Corporation are the prominent entities operating in the market.

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