The MEMS Oscillators Market will exhibit a compound annual growth rate (CAGR) of 35.1% until 2032 as the trend towards miniaturization of devices continues worldwide – Persistence Market Research
NEW YORK, May 26, 2023 (GLOBE NEWSWIRE) — By 2032, the market for MEMS oscillators is estimated to reach $15.2 billion. From 2022 to 2032, a CAGR of 35.1% is expected. By 2022, the market is projected to reach $751.0 million.
Demand for microelectromechanical systems (MEMS) oscillators is forecast to increase significantly across a number of industries. Miniaturization efforts are increasing in the mobile and consumer electronics industry.
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MEMS oscillators are increasingly being used in mobile devices, wearable technology, and Internet of Things (IoT) applications. Modern consumers may prefer these solutions due to their small size and suitability for designs with limited space.
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Another important factor affecting the increasing demand for MEMS oscillators is the automotive sector. High-precision timing components are required in vehicles for the installation of advanced driver assistance systems (ADAS), entertainment systems and in-vehicle networking.
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Growth is expected to be fueled by the urgent need for greater reliability and precision to enable flawless synchronization and communication within automotive systems. These oscillators are particularly in demand in the automotive sector, which requires devices that can withstand demanding environmental conditions.
Examples of this are extreme temperatures and mechanical loads, which cars are often exposed to.
With the widespread use of smartphones, tablets and wearable technology, there is an urgent need for smaller, cheaper and more energy efficient solutions. MEMS oscillators are said to offer a convincing replacement for conventional quartz oscillators. The needs of mobile and consumer electronics manufacturers are balanced by lower power consumption, increased reliability and the need for shrinkage.
Key Findings from the MEMS Oscillator market study:
The global MEMS oscillator industry showed an annual growth rate of 45.5% in the historical period from 2017 to 2022. The US MEMS oscillator market is expected to be worth $2.3 billion by 2032. The MEMS Oscillator Industry in the UK is expected to create an opportunity of $365.0 million over the valuation period. The Chinese MEMS oscillator market is expected to exceed US$4.0 billion by 2032. The segment of surface mount device housings, by package type, witnessed an annual growth rate of 45.0% from 2017 to 2021.
“Small and lightweight components are often required for IoT applications and wearable technology. Because of their small size, MEMS oscillators are ideal for IoT and wearable technology applications. MEMS oscillators would offer a significant advantage as they would allow for smooth integration into these micro-devices, in line with the trend towards smaller and lighter devices.” – says a senior analyst at Persistence Market Research (PMR)
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Given the critical nature of timing in various applications, MEMS oscillator manufacturers value quality, reliability, and compliance with industry standards. There are trends to invest in robust quality control processes, rigorous testing and certification to ensure their products meet or exceed customer expectations. This strategy can help build trust with customers and establish their reputation as reliable suppliers.
To leverage complementary strengths and gain access to new technologies, MEMS oscillator companies could enter into strategic partnerships and collaborations. You can work together with other companies, research institutes or market associations.
Your goal would be to drive innovation, explore new markets and develop advanced solutions. Such partnerships can enhance their capabilities, broaden their product portfolio, and foster technological advances.
Based on its superior MEMS technology, SiTime Corporation introduced a new line of automotive oscillators in September 2022. These new differential oscillators are ten times more durable than previous variants. You can ensure ADAS reliability even in adverse weather and driving situations.
Get more exclusive insights into the MEMS Oscillators market study
Persistence Market Research (PMR) presents in its new offering an unbiased analysis of the MEMS Oscillator industry, presenting historical market data (2017-2021) and forecast statistics covering the period 2022-2032.
The study reveals extensive growth in the MEMS oscillator industry in terms of packaging type (surface mount device package, chip-scale package), by band (MHz band, kHz band) and general circuitry (single-packaged MEMS oscillator, temperature-compensated MEMS oscillator). , Voltage Controlled MEMS Oscillator, Frequency Selectable MEMS Oscillator, Digitally Controlled MEMS Oscillator, Spread Spectrum MEMS Oscillator), Application (Automotive, Consumer Electronics, Industrial, Mobile Devices, Military and Aerospace, Networking, Servers, Storage and telecommunications, wearables). & Internet of Things) and regions.
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About the Semiconductors and Electronics Division at Persistence Market Research (PMR)
Persistence Market Research (PMR)’s highly experienced semiconductor and electronics team supports companies around the world with their specific business intelligence needs through professional research, actionable insights and strategic recommendations. With a library of over a thousand searches and over 1 million data points, the team has spent over a decade analyzing the technology business in over 50 countries. From start to finish, the company offers unrivaled research and consulting services. Please contact us to find out how we can help you.
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