The EMEA Frequency Control And Timing Devices Market size is estimated at USD 1.97 billion in 2024, and is expected to reach USD 2.65 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).
The frequency control and timing device market faced significant disruptions due to the Russo-Ukraine conflict and an economic slowdown. Rising inflation and interest rates curtailed consumer spending, dampened semiconductor demand, and slowed the growth of FCTDs. In response to the conflict, Europe has shifted its focus toward the defense and aerospace sectors, leading to heightened demand for these components and opening up new growth avenues.
The EMEA Frequency Control And Timing Devices Market is fragmented with the presence of key players like Murata Manufacturing Co. Ltd, Kyocera Corporation, Rakon Limited, Microchip Technology Inc., and TXC Corporation. Key players in the market are adopting strategies such as acquisitions and partnerships to enhance their product offerings and gain sustainable competitive advantage.
• In April 2024, KYOCERA AVX, a manufacturer of advanced electronic components, unveiled a new manufacturing and design center for high-quality, low-noise quartz crystal frequency control products under the name KYOCERA AVX Components Corporation (Erie). The newly established production facility could manufacture over 1.2 million patented and unparalleled low-power OCXO (oven-controlled crystal oscillators). It would produce a range of TCXO (temperature-computed crystal oscillators) and VCXO (voltage-computed crystal oscillators).
• In February 2024, the Error Exchange OCXO (MercuryXE2) is a version of Rakon's recently launched Mercury compact IC-OCXO. It improves the system's current synchronization abilities on a network synchronizer evaluation board by incorporating frequency error exchange processing and aging compensation, thereby increasing the holdover performance.
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