Timing Devices Market by Type MEMS oscillators and crystal oscillators - 2022
The timing devices market is expected to reach USD 5.92 Billion by 2022, at a CAGR of 7.27% between 2017 and 2022. The growth of this market is propelled by the increasing demand for mobile devices, growing adoption of advanced automotive electronics, and rise in demand for healthcare and medical equipment. The market is further driven by the rapidly expanding consumer electronics industry.
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The competition in the timing devices market is high because of the presence of a large number of players. Some of the key players in the timing devices market are Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co., Ltd. (Japan), TXC Corporation (Taiwan), Kyocera Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Rakon Limited (New Zealand), Integrated Device Technology, Inc. (US), Knowles Corporation (Vectron International, US), Asahi Kasei Corporation (Japan), Cypress Semiconductor Corporation (US), Texas Instruments (US), Microchip Technology Inc. (US), and IQD Frequency Products Ltd. (UK).
Seiko Epson Corporation develops, manufactures, and sells information-related equipment, devices, and precision products. It mainly operates in three business segments: Printing Consolidated Solutions, Visual Communications, and Wearable and Industrial Products. The company’s majority of advanced R&D and product development is conducted in Japan, while manufacturing and sales activities are conducted around the world by Epson Group. The company offers timing devices, such as crystal oscillators, for various applications, such as wired network, measurement instrument, broadcasting and audio, and automotive. To remain competitive in the timing devices market, the company is willing to develop new products to accommodate the changing requirements of its clients. For instance, in 2016, the company introduced a new programmable crystal oscillator “SG-8101.” It has low current consumption, wide temperature range, and high frequency tolerance.
Nihon Dempa Kogyo Co., Ltd., also known as NDK, is a leading manufacturer of crystal oscillators. NDK is currently a major manufacturer and supplier of crystal devices used in car electronics, mobile phone base stations, audiovisual/office automation equipment, and smartphones; and a comprehensive manufacturer of frequency control devices used in sensors and other high-value-added products. The company’s portfolio of crystal devices includes crystal units and crystal oscillators. The company also focuses on R&D to develop and provide quality products, utilize resources optimally, and minimize manufacturing costs. To remain competitive in the timing devices market, the company is launching new products. For instance, in November 2016, NDK launched a new compact, multimode crystal oscillator of high precision with a wide frequency range and low jitter. This oscillator is suitable for high-speed serial communications applications such as SONET, SDH, Synchronous Ethernet, and other networking devices. In addition, the company intends to utilize the opportunity of increased demand for crystal oscillators with the rising demand for advanced driver assistance systems (ADAS) in automotive products. For this, it has launched various oscillators, including temperature-compensated crystal oscillators (TCXOs) and crystal clock oscillators (ICXOs).
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