North America is expected to hold the significant share in the timing devices market by 2030

The timing devices market is projected to grow from USD 5.5  billion in 2023 to reach USD 8.9 billion by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.1% from 2023 to 2030.The growth of the timing devices market is driven by increasing adoption of advanced automotive electronics, rising adoption of timing devices in smartphones and smart wearables, rise in demand for healthcare and medical equipment.

By type, the oscillators  are projected to hold the largest share of the timing devices market during the forecast period.

The oscillators held the larger market share in 2022 and are expected to exhibit a significant growth during the forecast period. A surge in the adoption of oscillators in numerous industries like in consumer electronics, automotive, military and defense and healthcare are attributed to the growth of the market. Increasing adoption of oscillator in many common applications such as watches, clocks, computers, radios and mobile phones, rising demand for silicon oscillators, rapid growth in wearable and portable electronics, growing advancements in MEMS technology and rising implementation of programmable oscillators in circuits with complex design are anticipated to augment growth of the market during the forecast period.

 

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=121133929

 

By material, crystal segment is projected to account for the largest share of the timing devices market during the forecast period.

The market for crystals held the largest share in 2022 and is expected to retain its dominant position throughout the forecast period. Crystals provide high reliability and long-term stability, and exhibit the piezoelectric effect, which makes them highly suitable for various components of timing devices and applications. Crystals are known for their high level of accuracy and stability in generating frequencies. The well-defined and consistent vibration characteristics of crystals make them reliable timekeeping references, which is crucial for applications that require precise timing. Crystals produce low phase noise, which is important in applications like communication systems, where clean and stable frequency signals are necessary to minimize signal distortion and interference.

North America is expected to hold the significant share in the market by 2030.

The North American region is expected to hold the second-largest share of the timing devices market during the forecast period.  The growth of the timing devices market in this region is attributed to the dominance of the US with the presence of a large number of timing devices manufacturers in the country. Micron Technology, Inc (U.S.), Connor-Winfield Corporation (US), Crystek Corporation (US), ON Semiconductor (US), Diodes Incorporated (US), are among a few manufactures offering timing devices in the US. The government has provided a supportive environment for research and innovation in terms of new and improved technologies in this region. The increasing R&D capabilities are broadening the application areas of timing devices in different industries such as consumer electronics, automotive, and healthcare. Thus, the demand for timing devices in North America is likely to increase in the near future.

The report profiles key players in the timing devices market with their respective market ranking analysis. Prominent players profiled in this report include Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co., Ltd. (Japan), TXC Corporation (Taiwan), Kyocera Corporation (Japan), Rakon Limited (New Zealand), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), Microchip Technology Inc. (US), Texas Instruments (US), Abracon (US), IQD Frequency Products Ltd.  (UK), NXP Semiconductors N.V. (Netherlands), STMicroelectronics (Switzerland)

 

Know more In-depth Analysis @

https://www.marketsandmarkets.com/Market-Reports/timing-device-market-121133929.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441