RTC (Real-time Clock) IC Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2022-2031

The global Real-Time Clock Integrated Circuit (RTC IC) market, valued at over US$ 3.5 billion in 2021, is projected to witness a steady growth at a CAGR of 4% from 2022 to 2031. The market is expected to surpass the US$ 5.2 billion mark by the end of 2031, driven by the increasing adoption of RTC ICs in various applications, including wearable devices, computers, IoT devices, digital cameras, battery management units, and automotive dashboards.

Request Your Sample Copy Now: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=59367&utm_source=Openpr&utm_campaign=Amit

Key Drivers and Trends
The growing use of RTC ICs in a wide range of devices is attributed to technological advancements, with manufacturers introducing new features such as embedded memory, alarms, timestamp recording, and watchdog functionalities. The demand for low-power applications, especially in IoT devices, has led to significant developments in real-time clock ICs, crucial for maintaining accurate time in the absence of a main power source.

The standalone RTC ICs are gaining traction in low-power IoT devices, offering extended battery lifetime and aiding businesses in minimizing manufacturing costs. Additionally, the surge in the installation of smart utility and energy meters worldwide, driven by initiatives to meet electricity demands and reduce carbon footprint, is contributing to the growth of the RTC IC market.

Interface and Mounting Type Insights
In terms of interface, the global RTC IC market is divided into I2C (Inter-Integrated Circuit) and SPI (Serial Peripheral Interface). The I2C segment holds a significant share of 71.68%, providing benefits such as a smaller footprint, lower IC costs, and reduced design complexity.

Surface mount RTC ICs dominate the market, holding an 86.45% share in 2021. These circuits offer high accuracy time stamping and reliability over a wide range of temperature variations, contributing to their popularity in various applications.

Regional Outlook
Asia Pacific leads the global RTC IC market with a share of 38.58%, driven by increased expenditure on industrial automation, consumer electronics manufacturing, and ongoing research and development activities. North America and Europe also contribute significantly, with large multinational corporations in these regions catering to end-users in consumer electronics, military and defense, automotive, and IT & telecom industries.

The Middle East and Africa are emerging as lucrative markets for RTC ICs, with rising internet penetration, smartphone adoption, and digitalization activities driving demand for consumer electronics devices and data center servers.

Key Players and Developments
The global RTC IC market is consolidated, with a few key players holding the majority of the market share. Prominent entities include ABLIC Inc., Abracon, LLC, Diodes Incorporated, Maxim Integrated Inc., Micro Crystal AG, NXP Semiconductors, Renesas Electronics Corporation, RICOH Electronic Devices Co., Ltd., ROHM CO., LTD., Seiko Epson Corp., STMicroelectronics, and Texas Instruments Incorporated.

Recent developments in the market include Micro Crystal AG's launch of the RV-3032-C7 RTC Module with world-leading time accuracy and Diode Incorporated's introduction of automotive-compliant versions of its low-power RTC solutions.

Market Segmentation

Interface
• I2C (Inter-Integrated Circuit)
• SPI (Serial Peripheral Interface)

Mounting Type
• Surface Mount
• Through Hole

Operating Voltage
• 1V - 2V
• 2.1V - 3.5V
• 3.6V - 6V

End-use Industry
• Energy & Utility
• Consumer Electronics
• Automotive
• Industrial
• IT & Telecommunication
• Others (Aerospace & Defense, Healthcare etc.)

Place an Order Copy of the Market Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=59367<ype=S&utm_source=Openpr&utm_campaign=Amit

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.