Attractive Opportunities in the Timing Devices Market
[177 Pages Report] 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, and healthcare and medical equipment.
The growth of the timing devices market is majorly driven by the rise in the number of mobile devices, such as tablets, smartphones, and other consumer electronics equipment (mobile phones, personal digital assistants (PDAs), handheld game consoles, mobile media players, and digital cameras).
Timing devices are used in various high-end mobile phones, tablets, laptops, wearable devices, smart TVs, PCs, cordless phones, e-book readers, and other consumer electronics to generate control signals for stable frequency and time. For example, in a cell phone, the transmitter and receiver circuits contain oscillators that produce radio-frequency signals.
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“Oscillators expected to hold a major market share during the forecast period”
Oscillators are used in various fields, such as consumer electronics, military and defense, automotive, and healthcare. The rise in portable and wearable electronics is driving the need to reduce both the energy consumption and the footprint of all types of electronic components, including oscillators. Oscillators based on MEMS technology combine accurate frequency generation with low power consumption and are becoming increasingly popular in clock circuits. The market for oscillators is expected to grow at a significant rate in the coming years with the increasing adoption of the MEMS technology. This technology helps in the miniaturization of devices and energy saving, and has advantages such as high degree of stability and accuracy.
“Market for silicon material expected to grow at the highest rate between 2017 and 2022”
Developments in the semiconductor process technology, packaging, and integration of circuitry have enabled high-end silicon oscillators based on the MEMS technology, which is replacing the conventional quartz oscillator technology as the frequency source of choice in most electronic systems. Additionally, silicon-based timing devices are relatively insensitive to vibration, shock, and electromagnetic interference (EMI) effects.
“Market in APAC expected to grow at the highest rate during the forecast period”
Timing devices and other electronic components have a growing demand in APAC owing to the increasing focus of the region on the automotive, consumer electronics, and manufacturing sectors. In this study, the APAC market has been segmented into China, Japan, India, South Korea, and Rest of APAC. The North American region is one of the potential markets for the automotive, industrial, and manufacturing sectors as countries such as the US, Canada, and Mexico are actively trying to strengthen their position in these markets.
The major companies involved in the development of timing devices include 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).
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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