Market Study on MEMS Oscillators: Smart Homes and Wearables Enter the Next Era: PMR Says MEMS Oscillators to Remain at the Heart of Seamless Integration Across Internet-enabled Devices!
Industry: Semiconductor Electronics
Published Date: May-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33473
The global MEMS oscillator market size is anticipated to cross a valuation of US$ 15.2 billion by 2032. It is projected to witness a CAGR of 35.1% from 2022 to 2032. The market is likely to top US$ 751.0 million by 2022.
Demand for micro-electro-mechanical systems (MEMS) oscillators is anticipated to witness significant expansion across various industries. In the mobile and consumer electronics sector, drive toward miniaturization continues to escalate.
Increasing use of MEMS oscillators in smartphones, wearables, and IoT applications is likely to propel growth. Modern consumers are set to incline toward these solutions due to their compact size and compatibility with space-constrained designs.
The automotive sector is another key driver of the expanding demand for MEMS oscillators. Installation of advanced driver assistance systems (ADAS), infotainment systems, and in-vehicle networking necessitates highly accurate timing components in vehicles.
High need for superior reliability and precision to enable seamless synchronization and communication within automotive systems is expected to boost growth. Automotive manufacturers are also looking for these oscillators as they require products that can withstand harsh environmental conditions. A few such conditions include temperature extremes and mechanical stress that vehicles are often put through.
A few other factors pushing MEMS oscillator sales:
| Attributes | Key Insights |
|---|---|
|
MEMS Oscillator Market Estimated Size (2022E) |
US$ 751.0 million |
|
Projected Market Valuation (2032F) |
US$ 15.2 billion |
|
Value-based CAGR (2022 to 2032) |
35.1% |
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United States Value-based CAGR (2022 to 2032) |
33.6% |
The global MEMS oscillator industry is projected to witness a CAGR of 35.1% from 2022 to 2032. In the historical period, it exhibited a CAGR of 45.5%.
With proliferation of smartphones, tablets, and wearable devices, there was a pressing need for smaller, power-efficient, and cost-effective solutions. MEMS oscillators provided a compelling alternative to traditional quartz crystal oscillators. Reduced power consumption, improved reliability, and need for miniaturization are set to align the requirements of mobile & consumer electronics manufacturers.
Advent of IoT brought about a surge in connected devices across various sectors such as smart homes, industrial automation, healthcare, and transportation. These applications demanded miniature timing components capable of operating in diverse environments.
Consumers have since preferred MEMS oscillators due to their small form factor, ruggedness, and tolerance to temperature fluctuations & vibrations.
Automotive sector witnessed increased demand for advanced driver assistance systems (ADAS), infotainment systems, and in-vehicle networking. These systems required highly accurate and reliable timing components to ensure precise synchronization and communication.
Automakers choose MEMS oscillators owing to their temperature stability and resistance to mechanical stress & vibrations.
Due to their low power consumption, MEMS oscillators are used in consumer electronics. Mobile device manufacturers nowadays prefer these oscillators as they consume much less power than quartz-based oscillators. They can also help extend the battery life of these devices, which would be beneficial for manufacturers.
MEMS oscillators offer high accuracy and stability in timing signals, which is important for multiple consumer electronics applications. With increasing demand for consumer electronics around the world, MEMS oscillator demand is projected to expand during the assessment period.
There were around 5.1 billion smartphone users in the world in 2018, which increased to around 6.6 billion in 2021. It is projected that the number of smartphone users in the world would reach around 7.7 billion by 2027.
Key smartphone companies are likely to opt for MEMs oscillators, and use them as timing sources for wireless communication, audio, video, and data processing. Surging number of smartphone users in the world is expected to propel MEMs oscillator sales by 2032.
MEMS oscillators are also being widely used in IoT devices. IoT device manufacturers are demanding low power consumption, which is a beneficial property present in MEMS oscillators. They are set to help manufacturers in providing new IoT devices with longer battery life.
Key manufacturers are focusing on developing compact and lightweight IoT devices, which would surge demand for MEMS oscillators. They are looking for high accuracy and stability in timing signals, which is significant for various IoT applications. This demand can be fulfilled by MEMS oscillators, thereby propelling their demand.
There were around 8.6 billion IoT-connected devices globally in 2019, which increased to around 13.14 billion in 2022. It is projected that by 2030, there will be about 23.14 billion IoT connected devices worldwide. With rising number of IoT devices in the world, MEMS oscillator sales are projected to increase.
Is There a Thriving Market for MEMS Oscillators in the United States?
The United States MEMS oscillator market is expected to be worth US$ 2.3 billion by 2032. It is estimated to create an absolute dollar growth of US$ 2.2 billion in the forecast period.
The United States exhibited considerable growth at a CAGR of 41.3% from 2017 to 2021. It is expected to surge at a CAGR of 33.6% from 2022 to 2032.
With its advanced technological landscape and robust industrial sectors, the country has emerged as a prominent hub for MEMS oscillator adoption & innovation. Various industries, including consumer electronics, automotive, aerospace, and industrial automation, contribute to the strong demand for MEMS oscillators in the United States market.
In the mobile and consumer electronics sector, which encompasses smartphones, wearables, and IoT devices, the United States is a leading consumer & producer. Need for compact, power-efficient, and cost-effective timing solutions would drive MEMS oscillator demand. The country's highly developed telecommunications infrastructure and presence of leading electronic device manufacturers might further fuel growth.
Would the United Kingdom Exhibit Favorable Conditions for MEMS Oscillator Sales?
The United Kingdom MEMS oscillator industry is anticipated to surpass US$ 387.3 million in 2032. It is likely to create an incremental opportunity of US$ 365.0 million in the evaluation period.
The United Kingdom showcased astonishing growth at a CAGR of 39.5% from 2017 to 2021. It is expected to elevate at a CAGR of 33.1% from 2022 to 2032. With its strong industrial base, technological advancements, and thriving electronics sector, the country would offer a conducive environment for adoption of MEMS oscillators.
The United Kingdom's robust electronics sector, encompassing telecommunications, consumer electronics, and IoT, would also drive demand. The country has a vibrant sector for mobile devices, wearables, and smart home applications.
The applications require compact and reliable timing solutions. MEMS oscillators, with their small form factor, power efficiency, and reliability, align well with the needs of these industries.
Is There a Promising Opportunity for MEMS Oscillator Manufacturers in China?
China MEMS oscillator market is predicted to exceed a valuation of US$ 4.0 billion by 2032. It is set to create an absolute dollar opportunity of US$ 3.9 billion in the next ten years.
China showcased growth at a CAGR of 48.3% from 2017 to 2021. It is expected to surge at a CAGR of 36.9% from 2022 to 2032.
China's massive consumer electronics sector, including smartphones, tablets, and wearable devices, is estimated to create a substantial demand for MEMS oscillators. The country is set to be the world's largest consumer of these devices.
Continuous growth of its middle class is also expected to push demand for advanced electronic products. MEMS oscillators, with their compact size, power efficiency, and cost-effectiveness, would cater to the needs of this vast consumer base.
Which is the Highly Preferred Packaging Type Worldwide?
The surface mount device packaging segment witnessed growth at a CAGR of 45.0% from 2017 to 2021. It is expected to surge at a CAGR of 35.0% from 2022 to 2032.
As electronic devices continue to become smaller and more compact, there is a growing need for tinier and lighter components. Surface mount device (SMD) packages, being superior in miniaturization compared to through-hole packages, are set to be directly mounted on the surface. This is projected to help save space and enable the design of smaller & sleeker devices.
SMD packages offer improved electrical performance compared to through-hole packages. Companies are set to look for new SMD packages that can reduce parasitic capacitance and inductance. These would also help them to achieve better signal integrity and higher-speed operation. Applications such as high-frequency communication, data processing, and high-speed digital interfaces are projected to opt for these packages.
Which is the Dominant Application of MEMS Oscillators?
Based on application, the wearables and internet of things (IoT) segment exhibited growth at a CAGR of 44.5% from 2017 to 2021. It is estimated to surge at a CAGR of 34.9% from 2022 to 2032.
Wearable devices and IoT applications often require compact and lightweight components. Compact size of MEMS oscillators makes them highly suitable for wearable devices and IoT applications. With trend toward smaller and lighter devices, MEMS oscillators would provide a significant advantage by allowing seamless integration into these compact devices.
MEMS oscillators also offer a significant advantage in size reduction compared to traditional quartz crystal oscillators. Requirement for seamless integration into wearable devices and compact IoT devices without compromising on performance is set to boost demand.
MEMS oscillators are known for their low power consumption, which is critical for wearable devices and IoT applications. These devices typically operate on limited battery power and need to conserve energy for extended usage. MEMS oscillators consume minimal power while maintaining accurate timing, making them ideal for power-sensitive applications.
To stand out in a crowded market, MEMS oscillator providers are focusing on product differentiation. They are investing in research and development to enhance their product offerings with unique features, improved performance, and advanced functionalities. This strategy would allow them to cater to specific requirements and gain a competitive edge.
Given the increasing demand for smaller & more compact devices, MEMS oscillator manufacturers are prioritizing miniaturization and form factor optimization. They would strive to develop MEMS oscillators with smaller footprints and thinner profiles while maintaining high accuracy & performance. This strategy aligns with the trend toward miniaturized electronics in various sectors, including wearables, IoT, and mobile devices.
A few recent developments in the MEMS oscillator market are:
| Attribute | Details |
|---|---|
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Estimated Market Size (2022) |
US$ 751.0 million |
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Projected Market Valuation (2032) |
US$ 15.2 billion |
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Value-based CAGR (2022 to 2032) |
35.1% |
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Historical Data |
2017 to 2021 |
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Forecast Period |
2022 to 2032 |
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Quantitative Units |
Value (US$ billion) |
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Segments Covered |
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Regions Covered |
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Key Countries Covered |
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Key Companies Profiled |
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Report Coverage |
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By Packaging Type:
By Band:
By General Circuitry:
By Application:
By Region:
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The global MEMS oscillator industry was worth US$ 517.5 million in 2021.
The global MEMS oscillator industry topped a valuation of around US$ 751.0 million in 2022.
The global MEMS oscillator industry in 2032 is set to be valued at US$ 15.2 billion.
The global MEMS oscillator industry exhibited a CAGR of 45.5% over the last 4 years.
The global MEMS oscillator industry is anticipated to witness a CAGR of 35.1% from 2023 to 2032.
The wearables and internet of things segment in terms of application is projected to garner a significant value share by 2022.
Japan and South Korea MEMS oscillator industry is projected to witness CAGRs of 35.3% and 35.6%, respectively in the next ten years.
