According to a market report by Lucintel, the future of the timing device market looks promising with opportunities in the automotive, medical & healthcare, telecommunication & networking, military & defense, industrial, consumer electronics, and other industries. The global timing device market is expected to grow with a CAGR of 7% from 2021 to 2026. The major drivers for this market are increasing adoption of timing ICs in smartphones, tablets, healthcare, and medical equipment and increasing demand for advanced automotive electronics.
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In this market, different types of timing device, such as oscillators (MEMS oscillators and crystal oscillators), resonators, clock generators, clock buffers, and jitter attenuators, are used in a wide range of industries. Oscillators will remain the largest segment due to growing adoption in various applications, such as consumer electronics, advanced healthcare equipment, automotive, electronics, and telecommunication network.
Within the timing device market, the automotive application segment is expected to witness the highest growth during the forecast period due to increasing demand in car navigation systems, infotainment systems, advanced driver assistance systems, driving control systems, and safety control systems applications.
Asia Pacific will remain the largest region during the forecast period due to increasing demand in consumer electronics and increasing adoption of advanced automotive electronics in the region.
Texas Instruments Incorporated, Asahi Kasei Corporation, Rakon Limited, Cypress Semiconductor Corporation, IQD Frequency Products Ltd., TXC Corporation, and SEIKO Epson Corporation are among the major timing device manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global timing device market by type, material, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Timing Device Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global timing device market by type, material, end use industry, and region as follows:
By Type [$M shipment analysis for 2015 – 2026]:
Oscillators
MEMS Oscillators
SPMO
TCMO
VCMO
FSMO
DCMO
SSMO
Crystal Oscillators
SPXO
OCXO
FCXO
TCXO
VCXO
Others (SSXO, MCXO, and HiFlex Crystal Oscillators)
Resonators
Clock Generators
Clock Buffers
Jitter Attenuators
By Material [$M shipment analysis for 2015 – 2026]:
By End Use Industry [$M shipment analysis for 2015 – 2026]:
Consumer Electronics
Telecommunications and Networking
Automotive
Military and Defense
Industrial
Medical and Healthcare
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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