MEMS Oscillator Market to Soar at 46.08% CAGR During 2016 to 2022 Dominated by APAC
MEMS oscillator market is expected to reach USD 802.8 million by 2022, at a CAGR of 46.08% between 2017 and 2022 the while market for the wearables and Internet of Things application is expected to grow at the highest rate during the forecast period.
Pune, India – February 28, 2017 /MarketersMedia/ —
The rapid growth of mobile infrastructure, electronic wearables, and Internet of Things; and the rising need for electronic device miniaturization, improved performance, and increased functionality are the factors driving the growth of the MEMS oscillator market. However, high R&D costs and low profit margins act as restraints for the market.
Complete report on global MEMS oscillator market spread across 152 pages, profiling 10 companies and supported with 67 tables and 61 figures is now available at http://www.rnrmarketresearch.com/mems-oscillator-market-by-packaging-type-surface-mount-device-package-and-chip-scale-package-band-mhz-and-khz-general-circuitry-spmo-tcmo-vcmo-fsmo-dcmo-and-ssmo-application-and-geography-global-for-st-to-2022-market-report.html .
The increasing adoption of TCMOs, especially for products that require higher accuracy and longer battery life such as wearables, smart energy applications, mobile phones, tablets, and data cards, is expected to drive the market for TCMOs during the forecast period. In addition, TCMOs, with their excellent dynamic performance under stressful environmental conditions, are able to solve the deep-rooted timing problems in telecom and networking.
The market for the wearables and Internet of Things application is expected to grow at the highest rate during the forecast period, owing to the increasing penetration of MEMS oscillators in wearables and Internet of Things where legacy quartz technology is no longer used due to its technological limitations in size for low-frequency products. Along with this, explosive growth in Internet-connected 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.
The key market players profiled in this report such as SiTime Corporation (U.S.) , Microchip Technology Inc. (U.S.), Vectron International, Inc. (U.S.), Abracon Holdings, LLC (U.S.), Daishhinku 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.). Order a copy of MEMS Oscillator Market by Packaging Type (Surface-Mount Device Package and Chip-Scale Package), Band (MHz and kHz), General Circuitry (SPMO, TCMO, VCMO, FSMO, DCMO, and SSMO), Application, and Geography – Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=894314 .
The market in APAC is expected to grow at the highest rate during the forecast period. The market in APAC is further subsegmented into China, Japan, Taiwan, South Korea, and Rest of APAC. The increased demand for MEMS oscillators in wearables and Internet of Things and the rapid growth of Internet of Things in APAC are the two crucial factors encouraging the market growth in this region.
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