MEMS Oscillator Market Forecast to Reach $794.2 Million by 2026

(IT-NEWSWIRE.COM, October 26, 2021 ) The global MEMS Oscillator Market is poised to reach $794.2 million by 2026, advancing at CAGR of 20.2% during the forecast period 2021-2026. MEMS Digitally Controlled Oscillators are used to sequence electronic system manage data transmission and define radio frequencies as well as measure elapsed time. The demand for MEMS temperature controlled Oscillators increased in recent years across various industries such as aerospace & defense, automotive, consumer electronics and so on, owing to its reliability, short lead times and small package sizes, which act as a major driver for the growth of the market. Moreover silicon based MEMS Spread Spectrum Oscillators are highly resistant to mechanical shocks, vibration and temperature changes, making it ideal for use in real time solutions. This acts as another factor for the growth of oscillators, especially Spread Spctrum and Voltage Control Oscillators adoption during the forecast period 2021-2026.

MEMS Oscillator Market Segment Analysis - by End-User

By End-User, the MEMS Oscillator Market is segmented into Automotive, IT & Telecommunications, Consumer Electronics, Aerospace & Defense, Healthcare & Medical and Others. Consumer Electronics in MEMS Oscillator segment is growing at a CAGR of 25.1% during the forecast period 2021-2026. MEMS Oscillators are used in mobile applications such as smart phones, wearable’s, tablets and so on. Growing demand for activity trackers is one of the factors that contribute for the growth of the market.

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MEMS Oscillator Market Segment Analysis - by Band

MHz MEMS Oscillators dominated the market in 2020 with a share of over 67.2%. With the advent of 5G technology in consumer electronics industry, the demand for MEMS Oscillators rises due to its compact size and high stable frequencies. As per IndustryArc recent studies, no of connected wearable devices is estimated to reach by more than 1 billion by 2022. These wearable devices incorporate MEMS technology to facilitate wireless connections as well as timing solutions which accelerate the adoption rate of MEMS Oscillators.

MEMS Oscillator Market Segment Analysis - by Geography

North America dominated the MEMS Oscillator Market by a market share of more than 35.1% in 2020, owing to surge in use of MEMS Oscillator across various industries. The factors that assist the growth of the market in this region are growing demand for autonomous driverless cars, wearable devices and deployment of IOT in automotive industry. As per Industry Arc recent studies, North America is one of the largest manufacturer and exporter of autonomous cars. Furthermore the growing demand for smart phones accelerates the demand for MEMS Oscillators as it requires small size and low power. The presence of Apple Inc as a top manufacturer of smart phone and watches increases the demand of MEMS Oscillators in this region. In July 2020, USA based, SiTime Corporation, an international pioneer in MEMS Timing, announced the launch of SiT9501 Differential MEMS Oscillator. It is based on newly launched 3RD Generation MEMS Technology and enables high performance optical and data communication for outdoor 5G Deployment.

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MEMS Oscillator Market Drivers

Adoption of MEMS Oscillator for medical applications

As medical technology is rapidly evolving, medical device manufacturers are using MEMS Oscillator to integrate into the machines due to its low power consumption and compact design. As clock signal is important component for smart medical devices, manufacturers rely on reliable system to deliver correct information, which in turn boost the demand for MEMS Oscillators. Presently, the demand for MEMS Oscillators are quite high on account of Covid19 as it is being incorporated in portable medical devices to diagnose and monitor respiratory problems in Covid patients. In April 2020, Raltron Electronics Corporation, leading provider of frequency management components and antenna products, supplied resources to assist medical equipment manufacturers during Covid19. Raltron’s products such as MEMS Oscillators, filters and resonators are used in portable medical devices such as ventilators, patient monitoring equipments and more to fight against current pandemic.

Growing adoption in automotive industry

As automotive industry is rapidly growing due to the advent of IoT technology, automobile manufacturers are adopting the new MEMS Oscillator technology. MEMS Oscillators provide better frequency stability, space saving, temperature and shock as well as vibration capabilities. With the emerging use of Advanced Driver Assistance System for autonomous self-driving cars, automobile manufacturers rely on MEMS Oscillators for precise timing for ADAS which includes on-board cameras, LiDAR, Ultrasonic sensing, in-vehicle network, infotainment and so on. In February 2021, SiTime Corporation, a leader in MEMS Timing, announced the launch of SiT5008 Temperature Compensated Silicon MEMS Oscillator (TCXO). It is ideal for connected consumer and IOT devices such as Internet Connected audio video, over the top streaming devices and other devices that use lower power wireless connectivity and can be used in ADAS.

MEMS Oscillator Market Challenges

Availability of Substitutes

Though there is no potential technical challenge but availability of substitutes such as Quartz Crystal oscillators is a major factor that could hinder the growth of the MEMS Oscillator Market. Crystal oscillators are being used in many industries owing to its compact size and low cost of crystals. Crystal Oscillators have better phase noise and lower power consumption than MEMS Oscillators. Hence these factors decelerate the market growth during the forecast period.

MEMS Oscillator Market Landscape

Partnership, Acquisitions, Collaboration, technology launches and R&D activities are key strategies adopted by players in the Large Format Printer. The top companies in the MEMS Oscillator Market are SiTime Corporation, Microchip Technology Inc, Vectron International Inc, Abracon Holdings LLC, Daishinku Corporation, Jauch Quartz GmbH, Raltron Electronics Corporation, IQD Frequency Products Limited, TXC Corporation and Renesas Electronic Corporation.

Acquisitions/Technology Launches

In December 2019, Abracon Holdings LLC, a leader in global manufacturer of frequency control, timing, connectivity and power component solutions, announced the successful acquisition of ILSI America LLC and its subsidiaries such as Ecliptek and Oscilent bands.

In February 2019, Jauch Quartz GmbH announced MEMS JSO15TR. It is ideal for real time clock applications which requires high accuracy such as mobile medical devices, health and wellness monitor.

Key Takeaways

The top companies in the MEMS Oscillator Market are SiTime Corporation, Microchip Technology Inc, Vectron International Inc, Abracon Holdings LLC, Daishinku Corporation, Jauch Quartz GmbH, Raltron Electronics Corporation, IQD Frequency Products Limited, TXC Corporation and Renesas Electronic Corporation.

Consumer Electronics is analyzed to hold highest share at CAGR of 25.1% during the forecast period 2021-2026, owing to wide range of applications.

North America dominated the MEMS Oscillator Market in 2020 with a share in excess of 36.2%, owing to rise in usage of MEMS Oscillators.

Related Reports

A.Next Generation Crystal Oscillators Market

https://www.industryarc.com/Report/31/global-crystal-oscillators-market-analysis.html

B.Micro-Electro Mechanical Systems (MEMS) Market

https://www.industryarc.com/Report/28/global-microelectromechanical-systems-mems-market.html

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MEMS Oscillator Market Forecast to Reach $794.2 Million by 2026