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The MEMs oscillators market share is expected to increase by USD 1.46 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 44.06%.
This MEMs oscillators market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers MEMs oscillators market segmentation by end-user (computing, mobile devices, consumer electronics, industrial, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The MEMs oscillators market report also offers information on several market vendors, including Abracon, Analog Devices Inc., Daishinku Corp., IQD Frequency Products Ltd., Jauch Quartz GmbH, Microchip Technology Inc., Murata Manufacturing Co. Ltd., Rakon Ltd., RAMI Technology Group, Renesas Electronics Corp, SiTime Corp., and TXC Corp. among others.
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The increasing demand for IoT devices is notably driving the MEMs oscillators market growth, although factors such as available substitutes such as crystal oscillators may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the MEMs oscillators industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key MEMs Oscillators Market Driver
The increasing demand for IoT devices is a major factor driving the global MEMs oscillators market share growth. The global MEMs oscillators market will exhibit growth with the increasing adoption of MEMs oscillators in IoT devices. IoT devices are small, low-cost, ubiquitous smart devices connected to a network that enables them to carry out data sensing and communication functions without human intervention. IoT devices include devices used at an individual scale, such as smart wearables, smart homes, and smart energy meters, to those used for creating large-scale networks for smart cities and Industry 4.0. The wearable tech market is another application area of IoT, which will contribute significantly to the growth of the technology. Wearable technologies are expected to witness significant growth momentum during the forecast period due to their adoption by consumers. Also, there has been an increase in focus on the reduction of size, power consumption, and improvements for the scalability of IoT devices to facilitate widespread adoption. Thus, with the increasing focus on the size reduction and utilization of radio frequency (RF) technology for IoT devices, the demand for MEMs oscillators will rise during the forecast period. Factors such as the increasing demand for IoT devices will lead to the growth of the global MEMs oscillators market during the forecast period.
Key MEMs Oscillators Market Trend
The increased demand for miniaturization is another factor supporting the global MEMs oscillators market share growth. With the advances in technology and the emergence of compact electronics, including wearable devices (fitness trackers, smart watches, and glucose monitors), tablets, and smartphones, the demand for miniaturized micro components is increasing. Owing to miniaturization, vendors update their offerings with micro components that consist of highly advanced and compact circuitry. Vendors are investing heavily in the development of MEMs oscillators to meet the latest requirements. Rapid technological advances are compelling vendors to invest in the manufacture of intelligent systems, which require high-end and high-powered specific oscillators. This is positively impacting the profitability of vendors leading to the growth of the global MEMs oscillators market during the forecast period.
Key MEMs Oscillators Market Challenge
The available substitutes such as crystal oscillators will be a major challenge for the global MEMs oscillators market share growth during the forecast period. Crystal oscillators find applications in a wide range of products in various domains, including military and aerospace, industrial, automotive, research and measurement, and consumer products. The growth rates of these domains majorly determine the growth rate of substitutes. Consumer products, including television sets, radios, cellular phones, cordless phones, computers, and pagers, have been witnessing growth for decades. The latest healthcare products, such as pacemakers, also require crystal oscillators. Research and development (R&D) in certain fields requires the use of a variety of measuring instruments. Crystal oscillators are extensively used in such instruments. Hence, the availability of substitutes may hinder the growth of the global MEMs oscillators market during the forecast period.
This MEMs oscillators market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global MEMs oscillators market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the MEMs oscillators market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the MEMs oscillators market encompasses successful business strategies deployed by the key vendors. The MEMs oscillators market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The MEMs oscillators market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the MEMs oscillators market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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31% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for MEMs oscillators market in North America. Market growth in this region will be faster than the growth of the market in Europe.
The rising production of automobiles, the growing consumer electronics, and increasing investments in satellite communication will facilitate the MEMs oscillators market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted the regional MEMs oscillators market. Governments of various countries in the region, such as the US, Canada, and Mexico, imposed stringent COVID-19-related restrictions and nationwide lockdowns to curb the spread of the disease. Sales in the regional automotive industry declined in 2020 due to lower consumer demand.
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The MEMs oscillators market share growth by the computing segment will be significant during the forecast period. The increasing adoption of computing systems by major laboratories, firms, and top educational institutes around the world. These buyers require complete control over the hardware and software and therefore prefer on-premises computing systems.
This report provides an accurate prediction of the contribution of all the segments to the growth of the MEMs oscillators market size and actionable market insights on post COVID-19 impact on each segment.
MEMs Oscillators Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 44.06% |
Market growth 2022-2026 |
$ 1.46 billion |
Market structure |
Concentrated |
YoY growth (%) |
43.3 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 31% |
Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Abracon, Analog Devices Inc., Daishinku Corp., IQD Frequency Products Ltd., Jauch Quartz GmbH, Microchip Technology Inc., Murata Manufacturing Co. Ltd., Rakon Ltd., RAMI Technology Group, Renesas Electronics Corp, SiTime Corp., and TXC Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, and future consumer dynamics and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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