Timing Devices Market - Forecast(2024 - 2030)

Timing Devices Market Overview

The global timing devices market size is forecast to reach US$8.4billion by 2027, growing at a CAGR of 6.2% from 2022 to 2027. Timing devices are found in nearly all electronic equipment, where they provide timing signals for transmitting data at the right time and speed and provide continuous synchronizing signals. Applying these principles to quartz crystals, micro electromechanical system (MEMs), clock generator and ceramic resonator makes it possible to generate oscillations with stable frequencies. Electric timers have a synchronous electric motors powered by an external alternating current (AC) power source. It is also used as oscillator, clock timer and many other applications. The driving factors for this market encompass growing research of micro electromechanical system devices, rise in wide range application of timing devices, need of low noise and power efficient timing devices and growing IoT and 5G technologies requiring accurate timing synchronization. Challenges in customization of timing devices and small form factor are the restraining factors of the market. 

Timing Devices Market Report Coverage

The report: “Timing Devices Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Timing Devices industry.

Key Takeaways

 Timing Devices Market Value Share, By Geography, 2021 (%) 

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Timing Devices Market Segment Analysis- By Application

The timing devices market by application of system has been segmented into oscillators, resonators, micro electromechanical systems (MEMS), semiconductor clocks, jitter attenuator, clock generator, clock distributors. The oscillator segment held the largest share of 45%, in 2021. This is owing to the increasing demand of low and stable power consumption, low phase jitter and cost effectiveness. The broad ranges of applications of oscillators include setting a frequency, audio applications and generating clock signal. Oscillators used are categorized for the application as voltage control Oscillator (VCXO), Temperature Compensated Oscillator (TCXO), Spread Spectrum Oscillator (SSXO), Frequency Select Oscillator (FSXO), Digitally Controlled Oscillator (DCXO) and others. The stable output results of crystal oscillators, need for low noise output for improved quality and rise in demand of programmable oscillators for custom output requirements are leading the growth of this segment. In September 2021, SiTime® Corporation, a market leader in micro electromechanical system (MEMS) timing devices, announced the SiT3901 µPower digitally controlled MEMS oscillator (DCXO) targeting power-sensitive and space-constrained mobile and IoT applications. The SiT3901 improves wireless charging speed by up to 25% while reducing the overall timing solution area by up to 90%. The micro electromechanical system (MEMS) oscillator is ideal for wireless devices such as smartwatches, activity trackers, hearing aids, and wearables. Thus, growth in the new micro electromechanical system (MEMS) oscillator timing device is contributing to the growth of this market. 

Timing Devices Market Segment Analysis- By End User

The timing devices market by end user has been segmented into healthcare, consumer electronics, it & telecommunication, automotive, aerospace and defense, industrial equipment, power & energy, others. The consumer electronics segment held the largest share of 28%, in 2021. Timing devices are widely applied in various electronic products, which provide regular clock signals for circuits and enable coordination or synchronization among devices. A timing device provide timing signals for transmitting data which has its application in consumer electronics such as smart phones, laptops, smart watches and other electronic wearable. Various timing devices such as oscillators, filters, resonators and others are used in electronic equipment. The need of compatibility with latest technologies such as Internet of Things and 5G technology and demand of wide range of temperature tolerant timing devices is growing the use of timing devices in consumer electronics and wearable significantly. In 2019, Amazon developed a dedicated timing device. Powered by a battery and pairing via Bluetooth with any other Echo, Echo Wall Clock lets you ask Alexa- the IoT control device to set alarms and timers, and displays a countdown. Thus, many such innovations and research are boosting the growth of timing devices in consumer electronics segment. 

Timing Devices Market Segment Analysis- By Geography

The Timing Devices market by geography is segmented into North America, Europe, Asia-Pacific (APAC), South America, and the rest of the world (RoW). APAC (Asia-Pacific) held the largest Timing Devices market share with 37%of total market size. This is attributed to increase in research of micro electromechanical system (MEMS) technology in timing devices, increase in used of Internet Protocol (IP) networks requiring precise timing synchronization and advent of 5G infrastructure in Asian countries. In December 2019, Integrated Device Technology, Inc.(IDT),announced that it is conducting two intelligent street lighting projects in Malaysia with the help of IDT's Malaysian office and the Collaborative Research in Engineering, Science and Technology (CREST).This is to validate the advantages of intelligent street lighting using comprehensive lines of sensor, wireless networking, power and timing devices allow adding intelligence to street lights to get done quickly, easily and at a low cost. Thus, there is a continuous growth in the Asian market with expansion and innovation of timing devices which helps in the growth of this market. 

Timing Devices Market Drivers

There is a significant rise in innovative applications of timing devices in healthcare and automotive sectors which promotes the timing devices market growth.

Timing devices with precision reference clocks are essential in the modern automotive due growing functionalities. Automotive electronics are evolving innovative technologies like infotainment systems and advanced driver-assistance systems (ADAS). In this timing devices market, silicon-based timing solutions are preferred. Silicon-based timing devices can aid in meeting system safety-level goals by offering redundant primary and backup reference input capability, health-status monitoring features, and fault-detection. Also the electrification and adoption of hybrid and electric vehicles (EVs) indicator fuels the demand of timing devices. In health care electronic products like glucometers and sphygmomanometers, etc., timing devices have a critical influence on measurement precision. In addition, timing devices with an exquisite volume can also shrink the product size and reduce power consumption. Piezoelectric acoustic generators are used in beepers. In 2019, Murata Manufacturing Co. announced launch of SMD ceramic resonators are adopted in the CSTCR-G series (from 4 to 7.999 MHz) and CSTNE-G & CSTNE-V series (from 8 to 20 MHz), which achieves high density installation through small-scale package without any external load capacitor. It can also realize long-term stable supply by adopting a CERALOCK® base metal with metal electrode technology and without utilizing any precious metal (palladium). Thus, innovative solutions in automotive and healthcare sector is fueling the growth of timing devices market

The growth of essential network infrastructure such as LTE and 5G act as a driver for the growth of timing devices market.

Synchronization is essential for mobile network operation and enabling radio functions such as handovers and carrier aggregation to work properly. In 5G there will be many more radio locations, including small cells. Having a Global Navigation Satellite System (GNSS) receiver at each cell site to provide a timing source would be cost prohibitive, so there will be a need to have GNSS-based primary reference timing clocks distributed in their network.5G networks will be particularly dependent on the accuracy, stability and reliability of their clock sources. Traditional quartz timing devices used in 4G networks are faced with new challenges to support higher bandwidths and narrower channels of coming 5G networks. MEMS technology solves these problems, meeting all timing requirements while performing significantly better than quartz solutions in the presence of dynamic environmental stressors such as shock, vibration, and rapid temperature changes. The densification will subject 5G radios to a broad range of environmental conditions that demand a higher level of performance for timing devices. In March 2021, Renesas is approaching this problem with three new ICs in its communication timing portfolio—all aimed at 5G. The first of the three ICs is the 8V19N850, known as industry’s first fully-integrated 5G synchronization solution. The IC features a dual DPLL front-end architecture for any frequency translation. Renesas also explains that these devices use a 2-stage PLL to generate high-precision clocks with a selected VCO. These ICs are said to be an effective solution for low-power, high-precision clock synchronization.

Timing Devices Market Challenges

Challenges in technical issues under various external environments are inhibiting the growth of timing devices market.

The growing trend of miniaturization in electronic device, which is the major segment of application for timing devices has put forth many challenges for timing device circuits. There are a few common technical issues factors such as heat dissipation, noise in output frequency or power efficiency arising due to improper design or other external environment factors. Mainly in submicron range electronic devices, one of the major reliability problems is hot carrier degradation. This problem is related to the continuous increase of the electrical fields in both oxide and silicon. In some electronic devices, many simple, low speed applications may simply rely on a microcontroller’s internal RC oscillator to provide the necessary clock signal. However, internal oscillators may be too slow and noisy for some designs, or you may need multiple devices to share a single clock. Timing devices used in smartphones and other consumer electronics need to limit the power they consume. And unless timing devices are protected against temperature changes and vibrations, factories and cars can malfunction. Thus, many such technical issues are proving to be roadblock in the growth of timing devices market. 

Timing Devices Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Timing Devices industry. The Timing Devices top 10 companies include:

1. Texim Europe
   
2. TXC Corporation
   
3. Abracon LLC
   
4. Kyocera Corporation
   
5. Murata Manufacturing Co. Ltd.
   
6. Mouser Electronics Inc.
   
7. Epson US
   
8. Samsung Co., Ltd.
   
9. Toshiba Corporation
   
10. LG Electronics, Inc.
    

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