PUBLISHER: The Business Research Company | PRODUCT CODE: 1566730
PUBLISHER: The Business Research Company | PRODUCT CODE: 1566730
Micro-electro-mechanical systems (MEMS) oscillators are compact devices designed to produce accurate frequency signals for electronic systems. They combine mechanical resonators with electronic circuits on a single silicon chip, utilizing both microelectronics and micromechanics principles.
The MEMS oscillators market includes several main types of temperature compensated oscillators (TCXO), spread spectrum oscillators (SSXO), voltage control oscillators (VCXO), digitally controlled oscillators (DCXO), and others. A temperature-compensated oscillator (TCXO) is known for its precision and stability across a broad temperature range. The oscillators come in various packages, such as surface mount devices and chip scale packaging. They are utilized across diverse sectors including automotive, aerospace and defense, consumer electronics, IT and telecom, among others.
The micro-electro-mechanical systems (MEMS) oscillators market research report is one of a series of new reports from The Business Research Company that provides micro-electro-mechanical systems (MEMS) oscillators market statistics, including MEMS oscillator industry global market size, regional shares, competitors with a micro-electro-mechanical systems (MEMS) oscillators market share, detailed micro-electro-mechanical systems (MEMS) oscillators market segments, market trends, and opportunities, and any further data you may need to thrive in the MEMS oscillator industry. This micro-electro-mechanical systems (MEMS) oscillators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The micro-electro-mechanical systems (MEMS) oscillators market size has grown rapidly in recent years. It will grow from $190.44 billion in 2023 to $219.61 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth observed in the past can be linked to a rising demand for high-precision timing components, a surge in electronic applications, a greater need for miniaturization of electronic devices, an increase in the number of devices, and growing functionality in oscillators.
The micro-electro-mechanical systems (MEMS) oscillators market size is expected to see rapid growth in the next few years. It will grow to $392.88 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. Future growth can be attributed to the rising demand for wearable technology, its growing popularity in clock circuits, an increasing need in the consumer electronics sector, a higher use of smartwatches, and an uptick in the production of automotive micro-electro-mechanical systems (MEMS) oscillators. Key trends for the forecast period include advancements in MEMS oscillator technology, increased demand for wearable technology, a rise in the use of advanced driver assistance systems (ADAS) for autonomous vehicles, greater adoption in Internet of Things (IoT) devices, and growth driven by the rollout of 5G networks.
The rising demand for consumer electronics is expected to drive the growth of the micro-electro-mechanical systems (MEMS) oscillators market in the future. Consumer electronics, which include devices designed for personal entertainment, communication, and information management, are experiencing increased demand due to enhanced connectivity, evolving lifestyles, affordability, and a desire for improved entertainment and productivity solutions. MEMS oscillators contribute to the performance, reliability, and efficiency of consumer electronics, facilitating the creation of more innovative and advanced products. For example, a Cybercrew report published in March 2023 indicated that 91.43% of UK households used smartphones in 2021, with this figure projected to rise to 93.8% by 2026. Consequently, the growing consumer electronics market is driving the demand for MEMS oscillators.
Leading companies in the MEMS oscillators market are concentrating on developing innovative products, such as clock-system-on-a-chip (ClkSoC), to improve performance accuracy and stability under various environmental conditions. ClkSoC products are integrated circuits that consolidate comprehensive clocking solutions into a single chip. These solutions aim to deliver highly integrated timing systems that act as central timing hubs for various electronic systems, offering significant benefits in performance, integration, and power consumption. For instance, in April 2024, SiTime, a US-based semiconductor firm, introduced a clock-system-on-a-chip portfolio designed for AI data center applications. These new products are up to 50% smaller than traditional oscillators, consume less power, and feature a programmable frequency range of 1 MHz to 700 MHz. This MEMS-based integration delivers ten times the performance of standalone oscillators and clocks while reducing board space by up to 50%.
In July 2022, Genstar Capital, a US-based private equity firm, acquired Abracon LLC for an undisclosed sum. The acquisition was intended to bolster Abracon's growth strategy by leveraging Genstar's expertise in the industrial, financial services, healthcare, and software sectors. Abracon LLC, based in the US, specializes in manufacturing MEMS oscillators.
Major companies operating in the micro-electro-mechanical systems (MEMS) oscillators market are NXP Semiconductors N.V., EPSON, Microchip Technology Inc., Maxim Integrated Products Inc., Integrated Device Technology Inc., CTS Corporation, TXC Corporation, Nihon Dempa Kogyo Co. Ltd. (NDK), SiTime Corporation, Rakon Limited, Abracon, Vectron International Ltd., Silicon Laboratories Inc., Ecliptek Corporation, Crystek Corporation, Cardinal Components Inc., Sand 9 Inc., Pletronics Inc., IQD Frequency Products Ltd., Pericom Semiconductor Corporation, Jauch Quartz GmbH, Euroquartz Limited, KDS Daishinku Corporation
Asia-Pacific was the largest region in the micro-electro-mechanical systems (MEMS) oscillators Market in 2024. Asia-Pacific is expected to be the largest -growing region in the forecast period. The regions covered in the micro-electro-mechanical systems (MEMS) oscillators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the micro-electro-mechanical systems (MEMS) oscillators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The micro-electro-mechanical systems (MEMS) oscillators market consist of revenues earned by entities through training and education, supply chain management, customization services, design support, and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The micro-electro-mechanical systems (MEMS) oscillators market also consists of sales of MEMS resonators, clock generators, and frequency control products. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Micro-Electro-Mechanical Systems (MEMS) Oscillators Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on micro-electro-mechanical systems (MEMS) oscillators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for micro-electro-mechanical systems (MEMS) oscillators ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The micro-electro-mechanical systems (MEMS) oscillators market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.