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Timing Device Market in Consumer Electronics Segment is Projected to Hold Majority of Industry Share by 2024

Author : Ronak Bora | Published Date : 2019-04-17 

The demand for Global Timing Device Market is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

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.

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.

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The growing use of these devices in automotive electronics is expected to drive the timing device market over the forecast period. These are used in car navigation systems, in-vehicle audiovisual equipment, safety control systems, and driving control systems. These are also used in cloud big data applications owing to their capability to interface with commonly used storage ICs, better timing, and improved system optimization. Most of these devices are temperature-sensitive and hard to design.

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.

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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.

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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