Press release
Timing Device Market Global Analysis and Forecasts 2024 – Seiko Epson Corporation, Japan, Microchip Technology Inc., Texas Instruments, Cypress Semiconductor Corporation, Murata, Knowles Corporation, IDT - Integrated Device Technology, Inc.
Timing Device Market
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Increasing adoption of advanced automotive electronics and growing demand for mobile gadgets are expected to drive the timing device market growth. The adoption of smart grid technology will increase owing to the growing use of time-sensitive smart meters for grid frequency management. Constant technological optimization and demand for Integrated Circuits (ICs) are rising. This is expected to fuel timing device market growth, particularly in the semiconductor clocks segment.
Based on the product type, timing device market is classified as oscillators, clock generators, resonators, jitter attenuators, and clock buffers. The oscillators are classified as crystal oscillators and MEMS oscillators. Oscillators are anticipated to be the fastest growing segment owing to the growing use by the automotive and consumer electronics segment. The growth in wearable and portable electronics segment is expected to drive oscillator demand.
Based on end-use, the timing device market is segmented into computing tools, consumer electronics, automotive sector, telecommunications, and industrial sector. The consumer electronics segment is expected to hold majority market share during the forecast period owing to the rising adoption of sophisticated gadgets. The demand from automotive sector is expected to grow fast owing to the increasing automation and increasing demand for Automotive Driver Assistance Systems (ADAS).
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Timing devices are used in industrial equipment including endoscopes and ultrasound equipment and security systems such as CCTV & IPCAM, CNC machine controls, programmable logic controllers, smart energy meters, machine vision equipment, and home automation. These are used in communication infrastructure including home routers & gateways, broadband CPE, LTE base stations, GPON & EPON, and VoIP phones.
The growing use of these devices in automotive electronics is expected to drive the timing device market over the forecast period. These are used in car navigation systems, in-vehicle audiovisual equipment, safety control systems, and driving control systems. These are also used in cloud big data applications owing to their capability to interface with commonly used storage ICs, better timing, and improved system optimization. Most of these devices are temperature-sensitive and hard to design.
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Some of the key timing device market players include Seiko Epson Corporation, Japan, IQD Frequency Products Ltd, Nihon Dempa Kogyo Co. Ltd., Microchip Technology Inc., Txc, Texas Instruments, Kyocera International, Inc. (North America), Cypress Semiconductor Corporation, Murata, Asahi Kasei Corp, Rakon, Knowles Corporation, IDT - Integrated Device Technology, Inc.
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