The research study covers the present scenario and growth prospects of the global resonators market for 2017-2021. To determine the market size, the study considers revenue generated from crystal resonators and micro-electro-mechanical system (MEMS) resonators.
Crystal resonators dominate this market, responsible for generating over 86% of the total revenue in 2016. The MEMS resonators are forecast to increase their market penetration and sales, accounting for over 45% of the market by 2021. Smartphones manufacturers are the key adopted of crystal resonators, whereas MEMS resonators find utility in integrated circuit (IC) timing systems.
Resonators are a crucial component of any electronic device, and with the growing demand for new age electronic devices the demand for semiconductor resonators, especially for semiconductor clocks, is set to show an upward trend in the forecast period.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global resonators market:
- Increased adoption of smartphones and tablets
- Miniaturization of electronic devices
- Growing demand for semiconductor clocks
Increased adoption of smartphones and tablets
The global smartphone and tablet markets are growing with the increase in internet usage. The number of smartphones shipped globally increased from 1.3 billion in 2014 to about 1.4 billion in 2015. Tablets have also registered significant growth in their shipments from 72 million units in 2011 to 206 million in 2015. With this healthy growth, the resonators market has witnessed increased usage of MEMS resonators for applications in mobile devices such as improved device performance and better oscillation for radio-frequency (RF) components.
“With cellular devices becoming slim, the demand for MEMS resonators which are compact, is increasing. Cellular devices usually have three to five timing devices, which utilize resonators for oscillation. Also, the commonly known features of resonators, such as high-frequency stability, shock and vibration resistance, and low power consumption, are apt for resonators that are used in mobile devices,” says Sunil Kumar Singh, one of the lead analysts at Technavio for semiconductor equipment research.
Miniaturization of electronic devices
Important vendors such as Samsung and Apple are focusing on manufacturing miniaturized personal electronics, which consume less power while delivering a more enhanced performance. Technological advances have paved the way for miniaturization of electronic devices, leading to the development of compact semiconductor components. These devices employ small size resonators, especially MEMS-based resonators, which is extremely effective in maintaining the size constraint while delivering quality performance. Therefore, it is expected to drive the market for resonators in the forecast period.
Additionally, end-users of various products such as cell phones, computers, gaming consoles, and other computing devices are creating a demand for miniaturized versions of various products to increase portability and utility. This, in turn, has increased the demand for small-sized packages of MEMS resonators. The increasing demand for miniaturization is expected to increase the demand for MEMS resonators, thus driving the market forward.
Growing demand for semiconductor clocks
“Resonators are a key component in semiconductor clocks, which are used to maintain the flow electronic devices. Different components of a computer operate at different speed, and the semiconductor clock ensures smooth operation of the different systems. These resonators are mainly fitted with ceramic resonators that monitor the performance,” says Sunil.
The semiconductor clock matches the speeds of faster components such as processors run at an equal speed of the laggard components such as chips, and hence, the processor is made to pause briefly, thereby ensuring proper functioning of components in the electronic device. These pauses are known as wait states and helps the end-users to overcome device lagging related issues. Semiconductor clocks use resonators embedded into them to keep track of device performance timings.
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