Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||913457|
|Published||Content info||179 Pages
Delivery time: 1-2 business days
|Published: April 1, 2021||Content info: 179 Pages||
Global MEMS Oscillators Market to Reach $2.4 Billion by 2027
Amid the COVID-19 crisis, the global market for MEMS Oscillators estimated at US$222.7 Million in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at aCAGR of 40.3% over the period 2020-2027. Surface-Mount Device Package, one of the segments analyzed in the report, is projected to record 38.5% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early 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 45.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $67.4 Million, While China is Forecast to Grow at 38.1% CAGR
The MEMS Oscillators market in the U.S. is estimated at US$67.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$381.8 Million by the year 2027 trailing a CAGR of 38.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36.4% and 34.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.5% CAGR.
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