Mems-Based Oscillator Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The MEMS-based oscillator market is expected to register a CAGR of 17.5% in the forecast period. The MEMS oscillator market is accelerated due to increased demand for products from end-use industries worldwide.
Key HighlightsThe 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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