The global MEMS oscillator market was valued at USD 360.65 million in 2022 and is expected to reach USD 10924.53 million by 2031, at a CAGR of 46.08% between 2023 and 2031. A MEMS oscillator, commonly known as a microelectromechanical (MEMS) system, is a timing device that generates extremely stable frequencies in order to measure time elapsed.
These frequencies are used to control data transfer, sequence electronic systems, specify radio frequencies, and track time. For systems that require more than one reference frequency, these MEMS timing devices with numerous outputs are used.
MEMS oscillators are efficient and cost-effective alternatives for quartz crystal oscillators because they are more resistant to vibration, mechanical stress, and temperature variations. MEMS oscillators are compact, have a long battery life, and are simple to operate.
The Covid-19 pandemic affected the demand and supply of global MEMS oscillator market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
MEMS Oscillator Market Trends, Drivers, Restraints, and Opportunities
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Medical device manufacturers are increasingly incorporating MEMS oscillators into their machines as medical technology advances due to its low power consumption and compact form.
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The clock signal which is a key component of smart medical devices, manufacturers rely on a reliable system to supply accurate data, which drives demand for MEMS oscillators.
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Automobile manufacturers are adopting the new MEMS oscillator technology as the automotive sector grows fast due to the introduction of IoT technology.
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The availability of alternatives such as quartz crystal oscillators is projected to hinder the market.
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MEMS oscillators have superior phase noise and consume more power than crystal oscillators. As a result, these factors hamper the market growth.
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The MEMS oscillator market is being driven by the usage of MEMS oscillators in different networking applications, consumer electronic goods and gadgets such as mobile phones, tablets, wearables, data cards, and industrial GPS satellites.
MEMS Oscillator Market Scope
The report on the MEMS oscillator market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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MEMS Oscillator Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Packaging Types (Surface-mount Device Package and Chip-scale Package), Bands (MHz Band and kHz Band), Applications (Automotive, Consumer Electronics, Industrial, Mobile devices, Military & Aerospace, Networking, Server, Storage, Telecommunications, Wearable & Internet of Things, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, Divers, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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SiTime Corporation (U.S.), Microchip Technology Inc. (U.S.), Vectron International, Inc. (U.S.), Abracon Holdings, LLC (U.S.), Daishinku Corp. (Japan), Ecliptek Corporation (U.S.), Jauch Quartz GmbH (Germany), IQD Frequency Products Limited (U.K.), ILSI America LLC (U.S.), and Raltron Electronics Corporation (U.S.), Rakon ltd.
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MEMS Oscillator Market segment Insights
The surface-mount device segment is estimated to expand at a high CAGR
Based on packaging type, the market is bifurcated into surface-mount device and chip-scale package. The surface-mount device segment is anticipated to expand at a high CAGR. While the market for chip-scale package is likely to grow at the rapid rate during the forecast period.
The MHz segment is projected to hold significant market share
On the basis of band, the market is segregated into MHz and kHz. The MHz band segment held significant market share with a share of approximately 67.2 % in 2020, Because of their small size and high steady frequencies, MEMS oscillators are in high demand in the consumer electronics sector with the introduction of 5G technology.
In terms of applications, the market is fragmented into automotive, consumer electronics, industrial, mobile devices, military & aerospace, networking, server, storage, and telecommunications, wearable & internet of things, and others. The wearable & internet of things segments is projected to hold major market share during the forecast period.
The growth of market is attributed to explosive growth in linked devices and growing use of wearable technology, where MEMS oscillators are a favored timing component due to intrinsic benefits such as compact size, low power consumption, and high reliability.
North America is estimated to dominate the market during forecast period
Based on regions, the market is classified as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is estimated to dominate the market. In North America, the United States and Canada are the main contributors. Germany is one of Europe's most important contributors. In Asia Pacific, Japan and China are significant contributors to the region's rapidly growing market.
Segments
By Packaging Types
- Surface-mount Device Package
- Chip-scale Package
By Band
By Applications
- Automotive
- Consumer Electronics
- Industrial
- Mobile devices
- Military & Aerospace
- Networking
- Server, storage, & Telecommunications
- Wearables & internet of Things
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- SiTime Corporation (U.S.)
- Microchip Technology Inc. (U.S.)
- Vectron International, Inc. (U.S.)
- Abracon Holdings, LLC (U.S.)
- Daishinku Corp. (Japan)
- Ecliptek Corporation (U.S.)
- Jauch Quartz GmbH (Germany)
- IQD Frequency Products Limited (U.K.)
- ILSI America LLC (U.S.)
- Raltron Electronics Corporation (U.S.)
- Rakon ltd.
Competitive Landscape
Key players competing the market include SiTime Corporation (U.S.), Microchip Technology Inc. (U.S.), Vectron International, Inc. (U.S.), Abracon Holdings, LLC (U.S.), Daishinku Corp. (Japan), Ecliptek Corporation (U.S.), Jauch Quartz GmbH (Germany), IQD Frequency Products Limited (U.K.), ILSI America LLC (U.S.), and Raltron Electronics Corporation (U.S.), Rakon ltd.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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