Lucintel Forecasts the Global Timing Device Market to Reach $8.1 billion by 2030
Lucintel Forecasts the Global Timing Device Market to Reach $8.1 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global timing device market looks promising with opportunities in the consumer electronics, telecommunications and networking, automotive, military and defense, industrial, and medical and healthcare markets. The global timing device market is expected to reach an estimated $8.1 billion by 2030 with a CAGR of 5.9% from 2024 to 2030. The major drivers for this market are increasing demand for timely and accurate data transmission, rising deployment of 5G technology, and growing demand for mobile devices.
A more than 150-page report to understand trends, opportunity and forecast in timing device market to 2030 by type (oscillators, resonators, semiconductor clocks,jitter attenuator, and clock buffers), material (crystal, ceramic, and silicon), application (consumer electronics, telecommunications and networking, automotive, military and defense, industrial, medical and healthcare), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that oscillators will remain the largest segment over the forecast period due to its wide range of frequency and affordable circuits.
Within this market, automotive will remain the largest segment as timing devices used as the premium audio systems, in-vehicle audiovisual equipment, car navigation systems, infotainment systems, advanced driver assistance systems, driving control systems, and safety control systems.
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APAC will remain the largest region over the forecast period due to growing demand for consumer electronics and the expansion of the automotive industries in the region.
Seiko Epson Corporation, IGD Frequency Products, Nihon Dempa Kogyo, TXC Corporation, Microchip Technology, Texas Instruments, Cypress Semiconductors, Kyocera Corporation, Murata Manufacturing, Rakon Limited are the major suppliers in the timing device market.
This unique 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 write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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