(EMAILWIRE.COM, August 22, 2018 ) According to the forecast provided by MarketsandMarkets, the overall MEMS oscillator market was valued at USD 79.2 Million in 2016 and is expected to reach USD 802.8 Million by 2022, at a CAGR of 46.08% between 2017 and 2022. The growth of this market is driven by the rapid growth of electronic wearables, Internet of Things, and mobile infrastructure. Along with this, the rising need for electronic device miniaturization, improved performance, and increased functionality entails a growing demand for MEMS oscillators owing to their inherent advantages such as small size, high reliability, and low power consumption.

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This report segments the MEMS oscillator market on the basis of packaging type, band, general circuitry, application, and geography. In 2016, SPMOs held a major share of the market owing to their innumerable applications. However, the market for TCMOs is expected to grow at the highest rate between 2017 and 2022. This growth is attributed to their ability to solve deep-rooted timing problems in telecom and networking with their excellent dynamic performance under stressful environmental conditions; and their increasing penetration in applications that require higher accuracy and longer battery life, such as wearables and Internet of Things and mobile devices. Considering the market segmented on the basis of packaging type, surface-mount device package held the largest share of the market in 2016, while the market for chip-scale package is likely to grow at the highest rate during the forecast period.

The wearables and Internet of Things application is expected to hold the largest size of the MEMS oscillator market during the forecast period. Explosive growth in interconnected devices and increasing adoption of wearable technology where MEMS oscillator is a preferred timing component, owing to its inherent advantages such as small size, low power consumption, and high reliability, are expected to drive the MEMS oscillator market. However, the market for networking, server, storage, and telecommunications; and automotive applications is expected to grow at high rates during the forecast period.

“APAC expected to be the largest and fastest-growing market for MEMS oscillators during the forecast period”

The increasing penetration of MEMS oscillators in growing applications, such as wearables and Internet of Things and mobile devices, in APAC is expected to drive the market. This increasing penetration is mainly because of their inherent advantages such as small size, high reliability, and low power consumption. Along with this, the high growth of the market in APAC can be attributed to the relentless LTE activity in China and rapid growth of mobile infrastructure in APAC.

The major companies involved in the development of MEMS oscillators are SiTime Corporation (U.S.), Microchip Technology Inc. (U.S.), Vectron International, Inc. (U.S.), Abracon Holdings, LLC (U.S.), Daishinku Corp. (Japan), Ecliptek Corporation (U.S.), Jauch Quartz GmbH (Germany), IQD Frequency Products Limited (U.K.), ILSI America LLC (U.S.), and Raltron Electronics Corporation (U.S.), among others.

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