Global Timing Devices Market: Overview
The three broad segments of timing devices are semiconductor clocks, oscillators, and resonators. Timing devices are the semiconductor components bringing about timely performance of electronic products. Small timing devices are usually pocket instruments and wrist instruments and the larger ones are typically table and the panel-mounted units, which includes demonstrational timers.
Timing devices run on electricity and have a digital display. Akin to clocks and the watches, timers have a basic pattern of mechanical, electrical, and electronic movement for measuring time. They have a special type of mechanism for beginning, ending, and resetting the indicator hand, which allows the measurement of the elapsed time intervals.
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Global Timing Devices Market: Key Trends
Majorly boosting the global timing devices market is the soaring demand from the consumer electronics and automobile manufacturers. Rising uptake of timing integrated circuits (ICs) in smartphones and tablets has also been bolstering the market.
In the near future, the continued rise in need for microwave components in both the military and the civilian radar and in different communication applications is expected to push up demand for timing devices. Shipboard radars is also expected to stoke demand for timing ICs in the next couple of years, thereby catalyzing growth in the timing devices market.
One factor posing headwinds to the global market for timing devices is the cyclical nature of the semiconductor industry. Besides, MEMS oscillators synthesize the output frequency from a few MEMS resonator designs only. The presence of a PLL in between the MEMS resonator and the output prevents generating a good quality signal as the quartz based design. This is another factor dampening the growth of the timing devices market.
Global Timing Devices Market: Market Potential
The timing devices market can be divided depending upon the type of products into oscillators, clock generators, resonators, clock buffers, and jitter attenuators. Among them, oscillators form the most promising segment on account of its increased application in portable electronics and wearable electronics. Going forward, companies can also bet big on the resonators segment as it is slated to clock maximum growth as a result of miniaturization of electronic devices and soaring demand for semiconductor clocks in wearable devices.
Depending upon materials again, the timing devices market can be segregated into ceramic, crystal, and silicon. The main end users in the timing devices market are consumer electronics, automotive, industrial, healthcare, etc.
Global Timing Devices Market: Regional Outlook
Geographically, the key segments of the global timing devices market are North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific, among them, is a key market on account of a burgeoning consumer electronics and automotive industry which has substantially driven up demand of timing ICs. Besides, swiftly increasing demand of MEMS and Crystal Oscillators in broadcast transmitters and mobile phones is also predicted to drive the market exponentially. Going forward too, Asia Pacific is slated to maintain its dominant position, powered primarily by countries such as China, South Korea, and Japan, among others.
Global Timing Devices Markets: Competitive Analysis
To assess the competition prevailing in the global timing devices market, the report profiles prominent companies such as Texas Instruments Incorporated, Asahi Kasei Corporation, Rakon Limited, Cypress Semiconductor Corporation, IQD Frequency Products Ltd., TXC Corporation, and SEIKO Epson Corporation.
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