In 2012 the MEMS (Micro Electrical Mechanical System) oscillator market grew 31% to $37.9 million. This represents less than one percent of the total timing market of $6.9 billion and promises to be a high growth market as MEMS oscillators continues to attract more vendors. There are currently eleven vendors shipping MEMS oscillators. One more, Sand9 has announced it will start shipping later in 2013. One new entrant, Silicon Labs has launched a single chip CMOS MEMS oscillator. Two companies, NXP and Murata, each have MEMS oscillator products on hold.