Global MEMS Oscillators Market to Reach $1.5 Billion by 2026

SAN FRANCISCO, Jan. 18, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "MEMS Oscillators - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: January 2022
Executive Pool: 487
Companies: 17 - Players covered include Daishinku Corporation; ILSI America LLC.; Iqd Frequency Products Limited; Jauch Quartz GmbH; Microchip Technology, Inc.; Raltron Electronics Corporation; SiTime Corporation; Vectron International, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Packaging (Surface-Mount Device Package, Chip-Scale Package); Band (MHz, kHz); General Circuitry (SPMO, VCMO, DCMO, TCMO, FSMO, SSMO)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global MEMS Oscillators Market to Reach US$1.5 Billion by the Year 2026
MEMS oscillators, also called silicon oscillators, features electromechanical resonating structure, supplementary electronics and sustaining amps for setting or adjusting output frequencies. Primarily, MEMS oscillators find applications in management of data transfer, radio frequencies and sequence electronic systems and generate exceptionally stable reference frequencies. In the last couple of years, the MEMS oscillator market experienced strong growth on account widespread adoption in different end-use segments as an alternative to legacy quartz crystal-based oscillator systems. The key benefits of MEMS oscillators include small size, easy integration, low cost and lower power consumption. Growth is also driven by increasing demand from the automotive industry, electronic wearable, mobile infrastructure and Internet of Things (IoT), growing trend towards electronic device miniaturization, increasing demand for advanced and higher functionality oscillators and growing use of MEMS oscillators in the area of aerospace, avionics, precision GNSS, field and satellite communications including industrial GPS satellites. Standardized supply chain, short lead-time and high ramp rate could also propel market growth. The cost-effectiveness of MEMS oscillators over other substitutes is expected to help drive adoption of MEMS oscillators in diverse applications.

Amid the COVID-19 crisis, the global market for MEMS Oscillators estimated at US$225.4 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2026, growing at a CAGR of 36.4% over the analysis period. Surface-Mount Device Package, one of the segments analyzed in the report, is projected to grow at a 33.5% CAGR to reach US$1.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Chip-Scale Package segment is readjusted to a revised 42.8% CAGR for the next 7-year period. This segment currently accounts for a 27% share of the global MEMS Oscillators market.

The U.S. Market is Estimated at $49.1 Million in 2021, While China is Forecast to Reach $492.6 Million by 2026
The MEMS Oscillators market in the U.S. is estimated at US$49.1 Million in the year 2021. The country currently accounts for a 17.4% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$492.6 Million in the year 2026 trailing a CAGR of 45.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28% and 31.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 28.6% CAGR while Rest of European market (as defined in the study) will reach US$88.6 Million by the end of the analysis period. North America is a major region in the global MEMS oscillators market, driven by the strong automotive, industrial and consumer electronics sectors. Further, the expansion of driverless and connected cars market and increasing use of IoT in the automotive segment is also expected to help drive demand for MEMS oscillators in the region. Asia-Pacific is poised to witness high growth due to the presence of leading automotive manufacturers and increasing use of wearable device technology and the trend is set to continue in the short to medium term. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.