MEMS Electronic Oscillators Market is Expected to Register a Considerable Growth
Stratview Research has published a new report titled “MEMS Electronic Oscillators Market” which is segmented By Type (Simple Packaged MEMS Oscillator (SPMO), Temperature-Compensated MEMS Oscillator (TCMO), Voltage-Controlled MEMS Oscillator (VCMO), Frequency Select MEMS Oscillator (FSMO), Digital-Controlled MEMS Oscillator (DCMO), Spread-Spectrum MEMS Oscillator (SSMO), Others), By End Use (Telecommunication and Networking, Consumer Electronics, Automotive, Medical and Healthcare, Others), and Region.
As per the study, the MEMS Electronic Oscillators Market is estimated to grow from USD 92.8 million in 2020 to USD 387.5 million by 2026 at a healthy CAGR of 27.5% during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on end-use, the MEMS electronic oscillators market has been classified into telecommunication and networking, consumer electronics, automotive, medical and healthcare, and others. The consumer electronics segment accounted for the largest market share in 2020. The new launches of consumer electronics products are likely to propel the demand for MEMS-based oscillators. With applications across wearables and smartphones, the need to enable smaller, lower power IoT-enabled devices, further promulgate the segment growth.
By region, the Asia Pacific MEMS Electronic Oscillators market held a significant share in 2020 and is expected to grow at a significant CAGR during the review period. The MEMS electronic oscillators market growth is mainly propelled by growing economic growth, which was reflected in rising disposable incomes in countries like China and India. Also, the significant presence of semiconductor and consumer electronics companies in countries of Taiwan, China, South Korea, and Japan, further boosts the regional market growth.
The North America MEMS Electronic Oscillators market is expected to grow at a healthy CAGR during the review on account of the growth of the major end-use industries. The region is equipped with R&D support along with a huge financial backing for the development as well as strong adoption of advanced technologies across industries, and increasing sales of consumer electronics, which are likely to bolster the regional market growth.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the MEMS Electronic Oscillators Market:
· Maxim Integrated Products Inc. (US)
· Microchip Technology Inc. (US)
· Raltron Electronics (Rami Technology USA LLC) (US)
· Renesas Electronics Corporation (Japan)
· Abracon LLC (US)
· TXC Corporation (Taiwan)
· SiTime Corporation (US)
· Daishinku Corp. (Japan)
· Rakon Limited (New Zealand)
· Micrel (US)
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