Global MEMS Oscillators Market to Reach $1.5 Billion by 2026
SAN FRANCISCO, Jan. 18, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "MEMS Oscillators - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Global MEMS Oscillators Market to Reach US$1.5 Billion by the Year 2026
Amid the COVID-19 crisis, the global market for MEMS Oscillators estimated at US$225.4 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2026, growing at a CAGR of 36.4% over the analysis period. Surface-Mount Device Package, one of the segments analyzed in the report, is projected to grow at a 33.5% CAGR to reach US$1.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Chip-Scale Package segment is readjusted to a revised 42.8% CAGR for the next 7-year period. This segment currently accounts for a 27% share of the global MEMS Oscillators market.
The U.S. Market is Estimated at $49.1 Million in 2021, While China is Forecast to Reach $492.6 Million by 2026
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SOURCE Global Industry Analysts, Inc.
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