Worldwide Latest Market Research Report on “Global MEMS Based Oscillator Market - Segmented by Type (Screening and Scanning, Communications, Surveillance and Tracking), End-User, and Region - Growth, Trends and Forecasts (2018 - 2023) 2019-2023”
The Global MEMS Based Oscillator market will reach xxx Million USD in 2019 and CAGR XX% 2019-2023. The report begins from overview of Industry Chain structure, and describes the industry environment, then analyses market size and forecast of MEMS Based Oscillator by product, region, and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- SiTime Corporation
- Microchip Technology Inc.
- Vectron International
- Abracon Holdings
- Daishhinku Corporation
- TXC Corporation
- IOD Frequency Product Ltd.
- Silicon Laboratories
- Ecliptek Corporation
- ILSI America LLC
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Description of MEMS Based Oscillator Market: MEMS-based oscillator market was worth USD 138.51 billion in 2017 and is projected to grow to USD 1,286.71 billion by 2023, at a CAGR of 40.58% over 2018-2023 the (forecast period). The report discusses the type of oscillators deployed in various end-user industries. While the regions considered in the scope of the report include North America, Europe, APAC, Latin America, and MEA. Apart from this, the report also discusses how the growing demand for electronic device miniaturization and customization drives the market.
The MEMS-based oscillators have been making rapid progress and gaining a dominant share in the market. Advances in further developing quartz crystal-based oscillators have reached a plateau, while there has been an increase in demand for higher performance, size, and cost. The disruptive MEMS-based technology has challenged the predominant quartz crystal, by providing a viable alternative solution, which is highly affordable, and can perform in accordance to the requirements posed by the wide range of industrial applications. MEMS has witnessed a significantly high penetration across different applications, such as sensing pressure, motion, and acceleration.
Significant cost-reduction and a host of functional advantages have rendered MEMS-based oscillators fit to replace the quartz crystal oscillators in commercial applications. Critical technical issues, such as silicon’s frequency temperature coefficient and the drift caused, due to packaging contamination (which is evident in MEMS-based oscillators), have been major restricting factors for the wide-scale adoption of these oscillators.
Growing Demand of Smartphones and Wearables to Drive the Market
MEMS-based oscillator’s increasing penetration in applications that require higher accuracy and longer battery life, such as wearables, IoT, and mobile devices, is expected to drive the market. Wearables are expected to witness a double-digit growth, year-over-year this year, which encompasses a variety of device types and form factors, from smart watches to body-worn cameras and even head-mounted displays. Moreover, smartphones are also expected to witness a healthy growth, due to a surge in sales in countries, such as India and China. In addition, advent of technologies, such as 5G, is further expected to push the demand for smartphones, in turn, driving the MEMS-based oscillator market.
Increasing Demand for Automotive Applications to Augment Growth
Digitization and increasing automation have revolutionized the automotive sector. These factors give rise to several disruptive technology-driven trends in the automotive sector, diverse mobility, autonomous driving, electrification, and connectivity. Moreover, MEMS oscillators help in delivering the maximum performance and best robustness. They are designed for ASIL (Automotive Safety Integrity Level) compliant automotive applications, like electronic control units (ECUs), advanced driver assistance systems (ADAS), and in-vehicle Ethernet and powertrain.
Apart from this, the automotive industry is witnessing a massive transformation, with new features, such as advanced safety and driver assistance systems, electrification, automation, and real-time big data analytics. MEMS technologies play a significant role in this transformation, further driving the demand in the segment.
North America to have the Highest Market Share
North America accounts for the largest market for MEMS-based oscillators, reinforced by the presence of an established industrial sector and booming automotive and consumer electronics industries. The volume of automobile production in the region has witnessed a growth in the 2014-201 period. In addition, the growth of connected and driverless cars in the region and IoT applications in the automotive segment are also expected to drive the demand for MEMS-based oscillators. Moreover, the gradually increasing demand for smartphones in the region, specifically due to the local player Apple’s product, iPhone, is further expected to drive the demand for MEMS-based oscillators.
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The Global demand for MEMS Based Oscillator Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2019 and 2025 compared to a few years ago, signifying the rapid pace of change.
Global MEMS Based Oscillator Market highlights the following key factors:
- A complete informative analysis of MEMS Based Oscillator industry, which includes a valuation of the parental market.
- Emerging trends by sections and regional markets.
- Major developments in market dynamics & market overview.
- MEMS Based Oscillator Market shares and methods of key players in the MEMS Based Oscillator market.
- Current and predictable size of MEMS Based Oscillator market from the outlook of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the MEMS Based Oscillator market.
MEMS Based Oscillator Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major MEMS Based Oscillator Market players in detail. MEMS Based Oscillator Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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The growth of this market worldwide is subjected to various factors; including consumer world-class MEMS Based Oscillator Market of many MEMS Based Oscillator Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, MEMS Based Oscillator Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the MEMS Based Oscillator Market competitors.