Global Timing Devices market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 7.3% during the forecast period.
Global Timing Devices Market
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Global Timing Devices market Definition
Timing devices are instruments which are used to measure elapsed time intervals in fraction of second, minutes and hours. Timing devices are the main components of the electronics devices. These devices provide continuous synchronizing signals and timing signals to transmit data at the precise speed and time.
Global Timing Devices market Dynamics
The global timing devices market has been seeing ample growth from the past decade. The demand for timing devices is primarily driven by a rising adoption of timing devices in electronics equipment to provide continuous clock signals for circuits and growing adoption in consumer, IoT, industrial and automotive applications. Increasing use of timing devices in mobile phones, tablets, computer and others, growing implementation of advanced automotive electronics, escalating demand for medical and healthcare equipments, advancements in technologies such as IoT and connected devices and rapid growth in 5G and LTE technology are expected to improve the growth of the market during the forecast period.
However, inaccuracy of some timers, increased development cost and complexity to achieve small form factors and customizations are the major restraining factors that could hamper the growth of the market.
Global Timing Devices Market: Segmentation Analysis
By type, the oscillator segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. A surge in the adoption of oscillators in various industries such as in consumer electronics, automotive, military and defense and healthcare is 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 expand growth of the market during the forecast period. However, resonators segment is projected to witness fast growth at a CAGR of XX% during the forecast period. The growth is majorly driven owing to its wide scale adoption in the automobile sector.
By application, the consumer electronics segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. A rising adoption of various timing devices in consumer electronics products such as high-end Smartphone, laptops, computers, tablets, smart TVs, wearable devices, cordless phones, and many others is attributed to the growth of the market.
Alternatively, the medical and healthcare segments are projected to witness fast growth at a CAGR of XX% during the forecast period. An increasing significance of timing devices in healthcare electronic devices such as sphygmomanometers, glucometers and more, rising demand for low power consumption devices and growing trend of miniaturization of healthcare and medical equipments is escalating the growth of the market.
Global Timing Devices Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. Countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing market for consumer electronics, automotive electronics, and wearable electronics industry across the region.
An increasing adoption of various timing ICs for electronics and automotive products, rising requirements for Crystal and MEMS oscillators in mobile phones and broadcast transmitters, increasing number of Smartphone users and high disposable income of the consumers are driving the growth of the market in APAC region.
The objective of the report is to present a comprehensive analysis of the Global Timing Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Timing Devices Market dynamics, structure by analyzing the market segments and projects the Global Timing Devices Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Timing Devices Market make the report investor’s guide.
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Global Timing Devices Market, By Type
o MEMS Oscillators
o Crystal Oscillators
• Clock Generators
• Clock Buffers
• Jitter Attenuators
Global Timing Devices Market, By Material
Global Timing Devices Market, By Application
• Consumer Electronics
• Telecommunications and Networking
• Military and Defense
• Medical and Healthcare
Global Timing Devices Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Timing Devices Market, Key Players
• Seiko Epson Corporation
• Nihon Dempa Kogyo Co., Ltd
• TXC Corporation
• Kyocera Corporation
• Murata Manufacturing Co., Ltd
• Rakon Limited
• Integrated Device Technology, Inc
• Knowles Corporation
• Asahi Kasei Corporation
• Cypress Semiconductor Corporation
• Texas Instruments
• Microchip Technology Inc
• IQD Frequency Products Ltd
• IBS Electronics Inc
• Mouser Electronics
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