MEMS & Crystal Oscillators Market Size, Share, Growth, and Industry Analysis by Type (Crystal Oscillators & MEMS Oscillators), By Application (Industrial, Automobile, Wearable Equipment, Consumer Electronics, Communication Equipment & Others), Regional Forecast To 2032

Updated On: 22 April 2024

MEMS & Crystal Oscillators Market REPORT OVERVIEW

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global MEMS & Crystal Oscillators market size was USD 3562.2 million in 2022 and market is projected to touch 7206.39 Million By 2032, exhibiting a CAGR of 7.3% during the forecast period.

Micro-Electro-Mechanical Systems are referred to as MEMS. It speaks about a technique that microscopically blends mechanical and electronic parts. Integrated circuits (ICs) are often produced by utilizing semiconductor fabrication techniques, which are also commonly used to create MEMS & crystal oscillators devices. They are made up of electronic circuitry combined with miniature sensors, actuators, and other mechanical components. Automotive systems, consumer electronics, medical devices, telecommunications, aerospace, and many other industries use MEMS devices.

Accelerometers, gyroscopes, pressure sensors, microphones, micro-mirrors, and inkjet printer nozzles are a few typical examples of MEMS devices. On the other hand, crystal oscillators are electronic devices that produce steady and accurate electrical signals using the mechanical vibrations of a piezoelectric crystal. In electronic systems, these signals are frequently employed as time references. Quartz crystals are the most common type of crystal used in oscillators, however other crystals like lithium tantalate or lithium niobate can also be employed.

COVID-19 Impact

"Industry Shutdown Causes Market Distortion"

Manufacturers of semiconductors and electronics experienced issues as a result of the COVID-19 outbreak, including unstable markets, a decline in consumer confidence, and issues with import and export trade. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, labels, and other items has become challenging as a result of lockdowns. The markets for semiconductors were affected financially in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. To address this urgent situation, manufacturers of semiconductors and electronics are focusing on securing their staff, operational procedures, and supply chains. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall semiconductors and electronics industry. This has partially impacted the mems & crystal oscillators industry.

LATEST TRENDS

"Wireless Communication to Boost the Market Growth"

Wireless communication plays a crucial role in the MEMS and crystal oscillators industry. MEMS and crystal oscillators are essential components in wireless devices and infrastructure, enabling reliable and efficient communication. Mobile gadgets like smartphones, tablets, and wearables all depend on MEMS and crystal oscillators to function. They produce and manage the frequencies required by cellular, Wi-Fi, Bluetooth, and other wireless communication technologies in wireless transceivers. Crystal oscillators deliver precise timing signals for component synchronization. Wireless sensor networks and Internet of Things (IoT) devices frequently use MEMS sensors. They make it possible for sensors, actuators, and control systems to communicate wirelessly. Data is gathered using MEMS accelerometers, gyroscopes, pressure sensors, and temperature sensors and then wirelessly transferred utilizing Zigbee, Z-Wave, or Bluetooth Low Energy (BLE) protocols. This trend aids in highlighting the positive outlook of the industry. Thus, a key trend that is opening up potential for the industry to grow is the increased use of wireless communications. These new developments are mostly to blame for the market's overall growth.

MEMS & Crystal Oscillators Market SEGMENTATION

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• By Types 

Based on type, the market is classified into Crystal Oscillators & MEMS Oscillators.

• By Application

Based on the market is categorized into Industrial, Automobile, Wearable Equipment, Consumer Electronics, Communication Equipment & Others.

DRIVING FACTORS

"Consumer Electronics that Give the Market Extra Boost"

The increasing demand for consumer electronics has a significant impact on the market. Consumer electronics devices are becoming smaller and more compact, while offering increased functionality. MEMS-based oscillators and crystal oscillators are well-suited for these applications due to their small form factor and low power consumption. They provide accurate timing and frequency control in a compact size, enabling the integration of advanced features into consumer electronic devices. With the increasing demand for high-speed data transfer and processing in consumer electronics, there is a growing need for high-frequency oscillators. MEMS-based oscillators and crystal oscillators can operate at higher frequencies while maintaining high accuracy and stability. This enables the development of high-performance consumer electronics devices capable of handling data-intensive tasks. All these factors enhance the sales of the market. As a result, the growth, and the increasing demand for consumer electronics will boost the market. It will contribute to the expansion of the semiconductor & electronic industry and it will improve the overall mems & crystal oscillators market growth.

"Automotive Electronics to Encourage Market Expansion"

Advancements in automotive electronics have had a significant impact on the MEMS & Crystal Oscillators industry. The ADAS technology, which encompasses functions like lane departure warning, adaptive cruise control, automatic emergency braking, and blind-spot recognition, has undergone considerable developments in the automobile industry. These features are made possible by MEMS sensors, which provide accurate measurements of the dynamics of the vehicle and the surrounding environment. Examples of these sensors include accelerometers, gyroscopes, and pressure sensors. In ADAS systems, crystal oscillators offer precise time for data synchronization. The demand for cutting-edge MEMS sensors and crystal oscillators is being driven by the development of autonomous vehicles. The perception and control systems in autonomous vehicles depend on these sensors. They offer information on the area around the vehicle, such as object detection, localization, and mapping. Crystal oscillators ensure precise timing and synchronization of data between different sensors and systems in autonomous vehicles. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"High Investment to Impede Market Expansion"

High investment is the element limiting the market. MEMS & crystal oscillators frequently demand substantial capital investments to develop and manufacture. Small and medium-sized businesses may find it difficult to compete in the market due to this entry hurdle. The market sales are hampered by this. This obstacle prevents the market from growing. These limitations limit the market's overall growth. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

MEMS & Crystal Oscillators Market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for mems & Crystal oscillators in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the mems & crystal oscillators market share is the growing demand of product use in industrial, automobile, wearable equipment, consumer electronics, communication equipment is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Microchip (U.S.)
• On Semiconductor (U.S.)
•  Crystek (U.S.)
• Silicon Labs (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost mems & crystal oscillators industry share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.