The micro-electro-mechanical systems (mems) oscillators global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Micro-Electro-Mechanical Systems (MEMS) Oscillators Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 in the historic period can be attributed to increasing need for high precision timing components, increasing electronic applications, increasing in need for electronic device miniaturization, rising number of devices, and increasing functionality based 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%. The growth in the forecast period can be attributed to increasing demand for wearable technology, increasingly popular in clock circuits, growing demand in consumer electronics industry, increasing use of smartwatches, and rising production of automotive micro-electro-mechanical systems (MEMS) oscillators. Major trends in the forecast period include developments in MEMS oscillator technology, rising demand for wearable technology, rising use of advanced driver assistance systems (ADAS) system for self-driving or autonomous cars, rising adoption in internet of things (IoT) devices, and increase with the introduction of 5G networks.
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Scope Of Micro-Electro-Mechanical Systems (MEMS) Oscillators Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Micro-Electro-Mechanical Systems (MEMS) Oscillators Market Overview
Market Drivers –
The growing demand in consumer electronics is expected to propel the growth of the micro-electro-mechanical systems (MEMS) oscillators market going forward. Consumer electronics are electronic devices intended for everyday use by individuals designed for personal entertainment, communication, and information management. The growing consumer electronics is fueled by connectivity, changing lifestyles, affordability, and the desire for enhanced entertainment and productivity solutions. Micro-electro-mechanical systems (MEMS) oscillators enhance consumer electronics’ performance, reliability, and efficiency, supporting the development of innovative and advanced products. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021. Further, this percentage is projected to increase to 93.8% in 2026. Therefore, the growing demand in the consumer electronics industry drives the micro-electro-mechanical systems (MEMS) oscillators market.
Market Trends –
Major companies operating in the micro-electro-mechanical systems (MEMS) oscillators market are focusing on developing innovative products such as clock-system-on-a-chip (ClkSoC) to enhance performance accuracy and stability across various environmental conditions. Clock-System-on-a-Chip (ClkSoC) products are integrated circuits incorporating comprehensive clocking solutions into a single chip. These products aim to provide highly integrated timing solutions that can serve as the central timing hub for various electronic systems, offering multiple advantages in performance, integration, and power consumption. For instance, in April 2024, SiTime, a US-based semiconductor company, launched a clock-system-on-a-chip portfolio for AI data center applications. The products are also up to half the size of traditional oscillators, have a reduced power consumption, and have a programable frequency range from 1 MHz to 700 MHz. This MEMS-based integration provides 10x higher performance than standalone oscillators and clocks while reducing board space by up to 50%.
The micro-electro-mechanical systems (MEMS) oscillators market covered in this report is segmented –
1) By Type: Temperature Compensated Oscillator (TCXO), Spread Spectrum Oscillator (SSXO), Voltage Control Oscillator (VCXO), Digitally Controlled Oscillator (DCXO), Other Types
2) By Packaging: Surface Mount Device, Chip Scale Packaging
3) By End-User: Automotive, Aerospace And Defense, Consumer Electronics, Information Technology And Telecom, Other End-User
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Micro-Electro-Mechanical Systems (MEMS) Oscillators Market Report Structure
3. Micro-Electro-Mechanical Systems (MEMS) Oscillators Market Trends And Strategies
4. Micro-Electro-Mechanical Systems (MEMS) Oscillators Market – Macro Economic Scenario
5. Micro-Electro-Mechanical Systems (MEMS) Oscillators Market Size And Growth
…..
27. Micro-Electro-Mechanical Systems (MEMS) Oscillators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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