MEMS Electronic Oscillators Market Report
MEMS Electronic Oscillators Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
The MEMS Electronic Oscillators Market is estimated to grow from USD 118.78 million in 2021 to USD 639.05 million by 2028 at a healthy CAGR of 27.07% during the forecast period of 2022-2028.
The microelectromechanical system (MMES) electronic oscillators are timing equipment that generates highly stable reference frequencies that may evaluate the instant. These comparison frequencies can even be utilized to handle information exchange, describe radio frequencies, order electronic devices, and evaluate moments. These oscillators are electronic circuits that are employed to come up with an electrical signal of a specific frequency by using the vibrating crystal’s (piezoelectric material) mechanical resonance. MEMS oscillators are complete timing systems supported a programmable architecture.
The MEMS Electronic Oscillators market is mainly propelled by the rapid development of mobile infrastructure, IoT, and electronic wearables, which are some of the major factors driving the growth of the MEMS oscillators market. Also, the growing need for enhanced performance, electronic device shrinkage, and better-quality features are some others likely to bolster the industry growth in the coming years. Furthermore, MEMS-based oscillators exhibit high ruggedness, reliability, cost-effectiveness, and miniaturization, thus augmenting the market growth.
The outbreak of COVID-19 negatively affected the MEMS Electronic Oscillators industry. Due to the worldwide lockdown measures, the consumer electronics and automotive industries witnessed a huge loss in terms of production, thus affecting the market growth.
Key players operating in the MEMS Electronic Oscillators Market are-
The target audience of MEMS Electronic Oscillators Market includes-
Based on end-use, the MEMS electronic oscillators market has been classified into telecommunication and networking, consumer electronics, automotive, medical and healthcare, and others. The consumer electronics segment accounted for the largest market share in 2021. The new launches of consumer electronics products are likely to propel the demand for MEMS-based oscillators. With applications across wearables and smartphones, the need to enable smaller, lower power IoT-enabled devices, further promulgate the segment growth.
By region, the Asia Pacific MEMS Electronic Oscillators market held a significant share in 2021 and is expected to grow at a significant CAGR during the review period. The MEMS electronic oscillators market growth is mainly propelled by growing economic growth, which was reflected in rising disposable incomes in countries like China and India. Also, the significant presence of semiconductor and consumer electronics companies in countries of Taiwan, China, South Korea, and Japan, further boosts the regional market growth.
The North America MEMS Electronic Oscillators market is expected to grow at a healthy CAGR during the review on account of the growth of the major end-use industries. The region is equipped with R&D support along with a huge financial backing for the development as well as strong adoption of advanced technologies across industries, and increasing sales of consumer electronics, which are likely to bolster the regional market growth.
Figures & Tables
The market is segmented in the following ways:
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The MEMS electronic oscillators market is expected to witness an impressive growth of 27.07% CAGR in the coming years.
Maxim Integrated Products Inc. (US), Microchip Technology Inc. (US), Raltron Electronics (Rami Technology USA LLC) (US), Renesas Electronics Corporation (Japan), Abracon LLC (US), TXC Corporation (Taiwan), SiTime Corporation (US), Daishinku Corp. (Japan), Rakon Limited (New Zealand), Micrel (US) are among the key players in the MEMS electronic oscillators market.
The MEMS electronic oscillators market size is expected to reach USD 639.05 million in 2028.
The consumer electronics segment accounted for the largest share in the MEMs electronic Oscillators market in 2021.
Asia-pacific is expected to grow at a significant CAGR in the MEMS electronic oscillators market in the next five years.
MEMS Electronic Oscillators Vendors, MEMS Electronic Oscillators Manufacturers, MEMS Electronic Oscillators Distributors, Organizations, Government Bodies are the target audience in the MEMS electronic oscillators market.