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Timing Device Market Will Projected to Hold Majority Industry Share Via Consumer Electronics Segment Over the Coming Years

Author : Ronak Bora | Published Date : 2019-04-04 

Global Market Insights, Inc. has announced the launch of timing device market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Based on end-use, the timing device market is segmented into computing tools, consumer electronics, automotive sector, telecommunications, and industrial sector. The consumer electronics segment is expected to hold majority market share during the forecast period owing to the rising adoption of sophisticated gadgets. The demand from automotive sector is expected to grow fast owing to the increasing automation and increasing demand for Automotive Driver Assistance Systems (ADAS).

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Timing devices are used in industrial equipment including endoscopes and ultrasound equipment and security systems such as CCTV & IPCAM, CNC machine controls, programmable logic controllers, smart energy meters, machine vision equipment, and home automation. These are used in communication infrastructure including home routers & gateways, broadband CPE, LTE base stations, GPON & EPON, and VoIP phones.

The timing device market is segmented on the basis of material used, type, and end-use. Based on materials used, the market is segmented into ceramic, crystal, and silicon. The silicon-based types are expected to gain significant share during the forecast period. Silicon types are relatively insensitive to shock, vibration, and effects of electromagnetic interference (EMI). Furthermore, the adoption of high-end silicon oscillators based on MEMS technology is on a rise owing to the development of semiconductor process technology and circuitry integration. These materials are expected to completely replace conventional quartz oscillators as the source of frequency in most electronic appliances, thus propelling the timing device market growth.

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Increasing adoption of advanced automotive electronics and growing demand for mobile gadgets are expected to drive the timing device market growth. The adoption of smart grid technology will increase owing to the growing use of time-sensitive smart meters for grid frequency management. Constant technological optimization and demand for Integrated Circuits (ICs) are rising. This is expected to fuel timing device market growth, particularly in the semiconductor clocks segment.

The timing device market in Asia Pacific is anticipated to grow at a fast pace during the forecast timeframe owing to increase in developments in consumer electronics, automotive, and manufacturing sectors. Several countries including India, China, and Taiwan offer products such as micromechanical systems (MEMS) oscillators, and quartz crystal at affordable prices. Moreover, several medium and small-scale electronic equipment manufacturers in the region are integrating timing systems with their products.

Some of the key timing device market players include Seiko Epson Corporation, IQD Frequency Products Ltd., Nihon Dempa Kogyo Co., Ltd., Microchip Technology, Inc., TXC Corporation, Texas Instruments, Kyocera Corporation, Cypress Semiconductor Corporation, Murata Manufacturing Co., Ltd., Asahi Kasei Corporation, Rakon Ltd., Knowles Corporation, and Integrated Device Technology, Inc.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/timing-device-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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