Clock Buffer Market is expected to reach US$ 3,579.91 million by 2028 - Global Analysis By The Insight Partners

Clock Buffer Market: Key Insights

According to our latest study on "Clock Buffer Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the market is expected to grow from US$ 2,112.53 million in 2021 to US$ 3,579.91 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

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In recent years, the demand for cloud computing has been witnessing significant growth, which has surged the penetration of the internet. Therefore, many FDIs are investing massive capital in North America, which positively impacts cloud computing. The US government has taken many initiatives to boost the consumer electronics industry. For instance, on May 6, 2022, the US government proposed a new bipartisan proposal to fuel the country's printed circuit board (PCB) sector. Many established companies in the electronics manufacturing industry in the US have welcomed the proposal. The bill will support the CHIPS Act of 2021 and the American Printed Circuit Boards Act of 2022. As a result, the key operating players in the North American clock buffer market would experience lucrative opportunities in the coming years.

Furthermore, government policies for digitization in developed and developing countries are increasing the use of computerized and digital devices in industries. For instance, the Indian government's Digital India policy encourages the use of digital products from one of the world's most populous countries, which influences the demand for clock buffers. OpenForge is the Government of India's platform for open, collaborative development of e-governance applications. Through this platform, the government is promoting open-source software and sharing and reusing e-governance-related source code. Thus, increasing government support to increase the usage of electronic products is eventually driving the clock buffer market due to increasing adoption in various applications, such as automotive and networking, thereby driving the clock buffer market.

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The clock buffer market in Europe is segmented into France, Germany, Russia, the UK, and the rest of Europe. The emergence of smart home appliances, such as washing machines, air conditioners, safety and security cameras, and microwave ovens are further contributing to the growth of the clock buffer market. Consumers in Europe have improved their standard of living. Also, the rising penetration of Wi-Fi and Bluetooth has led to the procurement of electric household appliances. Thus, the demand for smart devices is high. The Google Nest Thermostat, the latest smart home appliance, uses a smartphone app that controls the HVAC system, and when a user moves near it, the device wakes up and activates the display. The demand for clock buffers will increase with the growth in consumer electronics.

Clock Buffer Market: Competitive Landscape and Key Developments

Analog Devices, Inc.; Infineon Technologies AG; Diodes Incorporated; Microchip Technology Inc.; Skyworks Solutions; Semiconductor Components Industries, LLC; Renesas Electronics Corporation; and Texas Instruments Incorporated are among the major companies operating in the clock buffer market players.

The clock buffer market players are mainly focused on the development of advanced and efficient products.

1. In 2021, Skyworks Solutions, Inc. entered into a definitive agreement with Silicon Laboratories Inc. for a smart, connected world, under which Skyworks will acquire the infrastructure and automotive business of Silicon Labs in an all-cash asset transaction valued at US$ 2.75 billion.

2. In 2022, Renesas Electronics Corporation introduced the first clock buffers and multiplexers that meet stringent PCIe Gen6 specifications. The new devices join Renesas' low jitter 9SQ440, 9FGV1002, and 9FGV1006 clock generators to provide clients with a complete PCIe Gen6 timing solution for the data center/cloud computing, networking, and high-speed industrial applications.

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