KUALA LUMPUR (Sept 11): The microelectromechanical system (MEMS) oscillator market was valued at US$129.325 million in 2017 and is projected to expand at a CAGR of 40.54% over the forecast period to reach US$709.061 million by 2022, according to technology-related ResearchAndMarkets.

In said this in its report for July 2017 released today.

MEMS oscillators are timing devices that generate highly stable reference frequencies, which can measure time. These reference frequencies may be used to sequence electronic systems, manage data transfer, define radio frequencies, and measure elapsed time.

This research study examines the MEMS oscillator market on the basis of various segments - by packaging, by type, by industry vertical, and by geography.

The report said major drivers, restraints, and opportunities have been mentioned to provide an exhaustive picture of the market.

“Furthermore, the current market trends related to the demand, supply, and sales, in addition to the recent developments, have been provided in this report.

The report also analyses key players in the MEMS oscillator market.

The report provides comprehensive forecast up to the period 2022 for various key segments, with 2016 as the base year.