In the increasingly interconnected digital world, the MEMS-based oscillator market is experiencing a surge in growth due to the escalating demand for its products from diversified end-use industries globally. These essential timing devices are renowned for their construction of highly stable reference frequencies that are critical for managing information exchange, assessing timing, describing radio frequencies, and ordering electronic devices.
Significantly, MEMS and silicon-based technologies have a broad frequency range, reduced sensitivity to frequency jumps, and high resistance to mechanical shocks, vibrations, and temperature alterations. The integration of these components has resulted in the creation of compact yet robust, high-performing, and programmable timing solutions. However, the one drawback that hinders the market is the high costs associated with research and development, potentially limiting market entrants and the continued advancement of MEMS oscillators.
Facing such challenges head-on, established players continually innovate, refining their designs and developing cutting-edge silicon timing systems solutions. The MEMS-based oscillator market is undoubtedly a lucrative venture to explore for companies looking to capitalize on the growing demand for reliable, performant, and compact timing solutions in an ever-evolving technological landscape.
- MEMS oscillators are a class of timing apparatus that help create extremely stable reference frequencies that can measure moments. In order to manage information exchange, assess the timing, describe radio frequencies, and place orders for electronic devices, these comparison frequencies are frequently used.
- MEMS and silicon-based technologies also operate over a broad frequency range, are less sensitive to frequency jumps, and are highly resistant to mechanical shock, vibration, and temperature changes. As a result, this technology has been helpful for developing small-sized timing solutions that are also robust, high-performing, and programmable.
- For instance, the silicon MEMS-based oscillator DSC1001 from Microchip offers a broad range of supply voltages and temperatures, including 1MHz to 150MHz with supply voltages between 1.8 and 3.3 VDC and temperature ranges up to -40˚C to 105˚C. The device offers jitter and stability performance as low as 10ppm.
- The high R&D costs involved in the development of MEMS oscillator is poised to limit the number of companies operating in the market, which may lead to fewer developments of MEMS oscillators. The established players in the market put significant R&D efforts into designing and developing next-generation silicon timing systems solutions.
- The COVID-19 outbreak had a significant impact on the production of frequency control devices, causing delays in the shipping of finished goods across the automotive, consumer electronics, and aerospace industries. Due to the closure of well-known semiconductor factories, the supply chain was severely harmed. However, as microfluidics and pressure are connected to COVID-19, including respiratory diagnostics and other research tools to study COVID-19 patient monitoring, MEMS-based oscillator devices for medical monitoring applications have benefited.
MEMS-based Oscillator Market Trends
The Consumer Electronics Segment Holds Significant Market Share
- Oscillators are electronic circuits that develop an electrical signal of a particular frequency by utilizing the vibrating crystal’s (piezoelectric material) mechanical resonance. MEMS oscillators are complete timing systems based on a programmable architecture. It further witnesses significant demand aided by improved functionality, enhanced performance, and electronic device miniaturization. An oscillator works on the regulations of oscillation, a periodic fluctuation between two things based on energy changes. Computers, smartwatches, mobile systems, and many other devices use MEMS oscillators.
- The rise in portable and wearable electronics drives the need to reduce the energy consumption and footprint of all electronic components, especially oscillators. Oscillators based on Micro-Electro-Mechanical Systems (MEMS) technology combine accurate frequency generation with low power consumption and are becoming increasingly popular in clock circuits.
- MEMS oscillators offer an appealing combination of low power consumption, small size, high performance, and physical robustness, making them ideal for numerous applications, specifically in portable and wearable electronics. Further, cell phones, computers, watches, radios, and many other devices depend on their success on an electronic oscillator that delivers the output with a precise frequency to develop timing pulses and synchronize events.
- Moreover, in May 2022, TAITIEN launched ultra-low current crystal oscillators, OZ-D and OY-D, with current consumption of only 1.4μA, featuring a low power consumption design, small size, and high precision, that can be widely used in wearable gadgets and the Internet of Things (IoT) devices.
- Innovations across MEMS timing technology significantly contribute to physical space and power savings in wearable applications while improving reliability. Cost in such cases presents significant challenges as the segment falls into the consumer category. Further, with the advent of 5G network rollouts, particularly in consumer markets, the demand for compacter, higher frequency enabled, less timing slop-based MEMS oscillators for consumer electronics is expected to grow.
Asia-Pacific is Expected to be the Fastest Growing Market
- The Asia-Pacific is becoming a primary regional market, owing to the presence of countries such as China, Japan, India, and South Korea. The foundation of organizations based out of the region includes the rising demand for wearable technology such as fitness activities, smart watches, medical monitors/devices, etc. This factor indicates the considerable growth potential for the MEMS-based Oscillator Market in the Asia-Pacific region.
- In addition, intelligent wearables in the region are becoming fashionable as consumption upgrade is gaining momentum and tech-savvy consumers are willing to pay for such gadgets to embrace a more convenient and tech-driven life.
- The abundant availability of raw materials and the low establishment and labor costs have also helped companies launch their R&D and production centers in the region. For instance, Kyocera, a Kyoto, Japan-based electronics manufacturer, announced the construction of a new research and development center in January 2021 at its Kokubu campus in Kirishima City, Kagoshima, Japan.
- Players operating in the market have also adopted various growth strategies, such as acquisitions and integrations, new product offerings, collaborations, partnerships, and business expansions to accommodate the market's needs and expand their customer base.
MEMS-based Oscillator Market Competitor AnalysisThe MEMS-based oscillator market has large-scale vendors capable of backward and forward integration and significant revenue generation capabilities. The market studied is highly consolidated, and vendors increasingly spend on R&D to gain technological capabilities and a competitive edge over other enterprises. The vendors are competing on technology and quality but not on price. Also, there is significant competition for third-party foundry and assembly capacity as most manufacturers depend on this capacity's availability to manufacture and assemble their products.
In September 2022: SiTime Corporation unveiled a unique automotive oscillator series based on the company's sophisticated MEMS technology. The redesigned differential oscillators are ten times more durable and assure ADAS reliability in harsh driving conditions and temperatures. The debut of the newest automotive oscillator, AEC-Q100 SiT9396/7, extends the SiTime serviced available market (SAM) by USD 50 million.
In July 2022: Abracon LLC (Abracon) announced that Genstar Capital had acquired it. Genstar is a private equity firm focused on investments in targeted segments of the industrials, financial services, healthcare, and software industries.
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Table of Contents
1.2 Scope of the Study
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
4.5 Key Considerations for Adopting MEMS Oscillators
5.1.1 Advancement in Silicon-based Manufacturing and Packaging Techniques
5.2 Market Challenges
5.2.1 Complex Designs Leading to High R&D Costs
5.3 Market Opportunities
5.3.1 Emergence of 5G creating Demand for Better Timing Devices
6.1.1 Temperature Compensated Oscillator (TCXO)
6.1.2 Spread Spectrum Oscillator (SSXO)
6.1.3 Voltage Control Oscillator (VCXO)
6.1.4 Digitally Controlled Oscillator (DCXO)
6.1.5 Other Types
6.2 By End-user Industry
6.2.2 Aerospace and Defense
6.2.3 Consumer Electronics
6.2.4 IT and Telecom
6.2.5 Other End-user Industries
6.3 By Geography
6.3.1 North America
6.3.4 Rest of the World
7.1.1 Maxim Integrated Products Inc. (Analog Devices Inc.)
7.1.2 Microchip Technology Inc.
7.1.3 HMI Frequency Technology
7.1.4 Shenzhen Yangxing Technology Co. Ltd
7.1.5 Abracon LLC
7.1.6 TXC Corporation
7.1.7 SiTime Corporation
7.1.8 Daishinku Corporation
7.1.9 Rakon Limited
A selection of companies mentioned in this report includes:
- Maxim Integrated Products Inc. (Analog Devices Inc.)
- Microchip Technology Inc.
- HMI Frequency Technology
- Shenzhen Yangxing Technology Co. Ltd
- Abracon LLC
- TXC Corporation
- SiTime Corporation
- Daishinku Corporation
- Rakon Limited