Market Research Report
Global MEMS Oscillator Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||555238|
|Published||Content info||190 Pages
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|Global MEMS Oscillator Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023|
|Published: August 9, 2017||Content info: 190 Pages||
Micro Electro Mechanical Systems (MEMS) oscillators are high stable reference frequencies generator, which are used to measure time in an electronic system. The global Micro Electro Mechanical oscillator market is expected to have a CAGR of 45% during the forecast period 2016-2023. The advantages of MEMS oscillator include more programmable features, high stability, low phase noise and jitter, more reliability and robustness over conventional quartz based crystals therefore enhancing the global MEMS oscillator market. However, high costs, low profit margins and usage of long established quartz technology are the factors restraining the growth of the global MEME oscillators market.
Geographically, North America accounted for the largest market share in terms of revenue in 2016 followed by Europe for the global MEMS oscillator market. The large market share in North America was observed due to the presence of major market players in the region. Asia pacific is expected to be the fastest growing region during the forecast period due to increasing demand for consumer electronics products such as smart phones, wearable electronic products etc. Also, increasing penetration of MEMS oscillators in growing applications such as wearable electronics, mobile devices and Internet of Things in Asia Pacific is expected to drive the market during the forecast period.
The growth in the global MEMS oscillator market is also influenced by the presence of major players such as Si Time Corporation (U.S.), Daishinku Corporation (Japan), Jaunch Quartz Gmbh (Germany), IQD Frequency Products Limited (U.K.), Ecliptek Corporation (U.S.) etc. Product launches, mergers & acquisitions etc. are some of the crucial strategies adopted by the major players to gain competitive advantage.
The global MEMS oscillator market is segmented into packaging, band, general circuitry and applications. Simple packaged MEMS oscillator (SPMO) held the largest share of the MEMS oscillator market in 2016. However, the market for temperature compensated MEMS oscillator (TCMO) is expected to grow at the highest rate during the forecast period. Increasing requirement for high precision components and small size of components with low cost for portable device applications is expected to drive the market for TCMO during the forecast period. Global MEMS oscillator market for wearable and Internet of Things is expected to hold the highest growth rate during the forecast period due to the intensive growth in interconnected devices and increasing adoption of wearable technology. In this sector, MEMS oscillator is a preferred timing component owing to its advantages such as small size, low power consumption, is expected to drive the global MEMS oscillator market during the forecast period.