MEMS oscillator, also known as microelectromechanical (MEMS) system, is employed as a timing device to generate highly stable frequencies to measure elapsed time. These frequencies are used to manage data transfer, sequence electronic systems, define various radio frequencies, and measure elapsed time. These are MEMS timing devices with multiple outputs for systems that require more than one reference frequency. MEMS oscillators are very good and efficient substitutes for quartz crystal oscillators that provide better resilience for vibration, mechanical shock, and are more reliable in terms of temperature variation. MEMS oscillators are lightweight, have long battery backup, and are user-friendly.
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In terms of construction, the MEMS oscillators market is segmented into surface mount and chip scale. In terms of frequency range, the market can be segmented into mega Hertz (MHz) and kilo Hertz (kHz). Moreover, in terms of control circuit, the market can be segmented into temperature-compensated (TCMO) MEMS oscillator, voltage-controlled (VCMO) MEMS oscillator, digital-controlled (DCMO) MEMS oscillator, spread-spectrum (SSMO) MEMS oscillator, and frequency select (FSMO) MEMS oscillator. Furthermore, in terms of end-user industry, the market can be segmented into consumer electronics, industrial, aerospace, defense and military, telecommunications, and IT hardware networking. In terms of geography, the market is segmented into Asia Pacific (APAC), Europe, North America, Latin America, and Middle East & Africa (MEA).
Technological advancement coupled with increase in demand for high-precision timing components with various customizations in sizes for portable gadgets are key factors that are estimated to expand the MEMS oscillator market. MEMS oscillators are offering tough competition to its substitutes due to their cost-effectiveness. This is increasing the demand for MEMS oscillators in the market. Increased adoption rate of MEMS oscillators in various applications of the networking industry, consumer electronic goods and gadgets such as mobile phones, tablets, wearables, data cards, and industrial GPS satellites among others is actually driving the MEMS Oscillator market.
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This trend is persuading manufacturers to explore new business opportunities in the MEMS Oscillators market, which, in turn, is driving the expansion of the market globally. Increased awareness and popularity of MEMS oscillators in the consumer electronics industry is a key factor that is fueling the expansion of the market. Moreover, increase in demand for wearable technology with high reliability and various others low-power consuming devices are contributing to the expansion of the MEMS oscillator market.
Rapid growth of electronic wearables, mobile infrastructure, rise in demand for improved performance, electronic device miniaturization, and increased functionality are notable factors that are fueling the expansion of the MEMS oscillator market. Standardized supply chain along with high ramp rate and short lead times have further fueled this expansion. Additionally, increased demand for LTE activity and rapid growth of mobile infrastructure are driving expansion of the market. Available substitutes such as crystal oscillator and quartz oscillator is a significant restraining factor for the MEMS oscillator market.
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