Timing Devices Market - Forecast(2024 - 2030)

Report Code: ESR 59408 Report Format: PDF + Excel

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.

By Material : Ceramic, Crystal (Monocrystal, Polycrystal ), Silicon, Others.
By Application: Oscillators, Resonators, Micro Electromechanical systems (MEMS), Semiconductor Clocks, Jitter Attenuator, Clock Generator, Clock Distributors.
By End user :Healthcare, Consumer Electronics, IT & Telecommunication, Automotive, Aerospace and Defense, Industrial equipment, Power & Energy, Others.
By Geography: North America (U.S, Canada, Mexico), Europe(U.K, Germany, France, Italy, Spain, Others), APAC (China, Japan, South Korea, India, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa) 

Key Takeaways

  • The oscillator segment held the largest market share in the Timing Devices market segmented by application. This is owing to the growing wide range of frequency variation and cost-effective circuits 
  • The consumer electronics segment held the largest share in Timing Devices market by end-user, in 2021. This is attributed to increase in research of advanced electronics with Internet of things (IoT) enabled and growing miniaturization of devices
  • APAC (Asia-Pacific) market held the largest market share of 37%, in 2021. This is owing to the advent of 5G technology requiring accurate timing synchronization and increasing research in micro electromechanical system(MEMS) timing devices in Asian countries.
  • The factors such as increased research in new applications of timing devices in healthcare, automotive and other industries, increased research in micro electromechanical system applications and growing Internet of things and 5G network connectivity are propelling growth of timing devices market

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

Timing Devices Market 

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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.

Recent Developments:

  • In March 2022, SiTime® Corporation, a market leader in precision timing, announced the Elite X™ Super-TCXO® for edge networks such as data centers, 5G front haul, connected cars and industrial IoT. In these applications, Elite X solves critical timing problems and enables delivery of new services. Thus, a new innovative product using advanced tehnologies is predicted to gain a significant market share in timing devices market 
  • In May 2022, Sound, leading provider of micro-electro-mechanical systems (MEMS) loudspeakers for hearables and wearables, is on a rapid path to replacing balanced armature microspeakers with MEMS speakers in most portable consumer electronics by 2025. It is estimated that MEMS speakers will be dominating 50% of the market share within True Wireless Stereo (TWS) systems. Thus, timing market in speaker application is heavily dominated by the company. 
  • In April 2021, Murata Manufacturing Co., Ltd. announces the release of the CSTNE-VH5T series of ceramic resonators (CERALOCK) with improved frequency accuracy and support for CAN*1-FD*2. Murata ceramic resonators (CERALOCK) are widely used as timing devices in automotive applications due to their reliability, durability, and excellent balance between cost and performance. Thereby contributing to the advance of electronic systems for automobiles and gaining market share from the industry for timing devices 
  • In Dec 2020, Texas Instruments, using high-reliability (HiRel) semiconductor products are helping aerospace and defense companies quickly get the authentic TI products they need for their next-generation space-grade and military-grade designs. TI devices, such as the LMX2615-SP 40-MHz to 15-GHz wideband radio frequency synthesizer with phase synchronization and the new LMK04832-SP ultra-low noise clock jitter cleaner. They help to reduce design complexity and weight, while increasing system stability in satellite systems which is a unique solution available in timing device market. 

Relevant Report Titles:

Report Code: ESR 0070 

Report Code: ESR 0315 

Report Code: ESR 0106 

For more Electronics related reports, please click here

1. Timing Devices Market Overview
    1.1 Definitions and Scope
2. Timing Devices Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Product Type
    2.3 Key trends segmented by Geography
3. Timing Devices Market– Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis(Comparison of General Price Offerings in the Market)
4. Timing Devices Market– Startup Company Scenario (Premium)
    4.1 Venture Capital and Funding Scenario
    4.2 Startup Company Analysis
5. Timing Devices Market– Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 Ease of Doing Business Index
    5.3 Case Studies
    5.4 Customer Analysis
6. Timing Devices Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Timing Devices Market– By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Timing Devices Market – By Material
    8.1 Ceramic
    8.2 Crystal
        8.2.1 Monocrystal
        8.2.2 Polycrystal
    8.3 Silicon
    8.4 Others
9. Timing Devices Market – By Application
    9.1 Oscillators
    9.2 Resonators
    9.3 Micro Electromechanical systems (MEMS)
    9.4 Semiconductor Clocks
    9.5 Jitter Attenuator
    9.6 Clock Generator
    9.7 Clock Distributors
10. Timing Devices Market– By End user
    10.1 Healthcare
    10.2 Consumer Electronics
    10.3 IT & Telecommunication
    10.4 Automotive
    10.5 Aerospace and Defense
    10.6 Industrial equipments
    10.7 Power & Energy
    10.8 Others
11. Timing Devices Market- By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 Germany
        11.2.2 France
        11.2.3 UK
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Others
    11.3 APAC
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia
        11.3.6 Others
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Others
    11.5 RoW
        11.5.1 Middle East
        11.5.2 Africa
12. Timing Devices Market- Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Timing Devices Market– Industry Competition Landscape (Premium)
    13.1 Market Share Global
    13.2 Market Share by Region
    13.3 Market Share By Product Type
14. Timing Devices Market– Key Company List by Country Premium (Premium)
15. Timing Devices Market- Company Analysis
    15.1 Texim Europe.
    15.2 TXC Corporation
    15.3 Abracon LLC
    15.4 Kyocera Corporation
    15.5 Murata Manufacturing Co. Ltd.
    15.6 Mouser Electronics Inc. 
    15.7 Epson US
    15.8 Samsung Co., Ltd.
    15.9 Toshiba Corporation
    15.10 LG Electronics, Inc
    15.11 Others 
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global Timing Devices Market By Type Market 2019-2024 ($M)
1.1 Oscillators Market 2019-2024 ($M) - Global Industry Research
1.1.1 MEMS Oscillators Market 2019-2024 ($M)
1.1.2 Crystal Oscillators Market 2019-2024 ($M)
1.2 Resonators Market 2019-2024 ($M) - Global Industry Research
1.3 Clock Generators Market 2019-2024 ($M) - Global Industry Research
1.4 Clock Buffers Market 2019-2024 ($M) - Global Industry Research
1.5 Jitter Attenuators Market 2019-2024 ($M) - Global Industry Research
2.Global Timing Devices Market By Type Market 2019-2024 (Volume/Units)
2.1 Oscillators Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 MEMS Oscillators Market 2019-2024 (Volume/Units)
2.1.2 Crystal Oscillators Market 2019-2024 (Volume/Units)
2.2 Resonators Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Clock Generators Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Clock Buffers Market 2019-2024 (Volume/Units) - Global Industry Research
2.5 Jitter Attenuators Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Timing Devices Market By Type Market 2019-2024 ($M)
3.1 Oscillators Market 2019-2024 ($M) - Regional Industry Research
3.1.1 MEMS Oscillators Market 2019-2024 ($M)
3.1.2 Crystal Oscillators Market 2019-2024 ($M)
3.2 Resonators Market 2019-2024 ($M) - Regional Industry Research
3.3 Clock Generators Market 2019-2024 ($M) - Regional Industry Research
3.4 Clock Buffers Market 2019-2024 ($M) - Regional Industry Research
3.5 Jitter Attenuators Market 2019-2024 ($M) - Regional Industry Research
4.South America Timing Devices Market By Type Market 2019-2024 ($M)
4.1 Oscillators Market 2019-2024 ($M) - Regional Industry Research
4.1.1 MEMS Oscillators Market 2019-2024 ($M)
4.1.2 Crystal Oscillators Market 2019-2024 ($M)
4.2 Resonators Market 2019-2024 ($M) - Regional Industry Research
4.3 Clock Generators Market 2019-2024 ($M) - Regional Industry Research
4.4 Clock Buffers Market 2019-2024 ($M) - Regional Industry Research
4.5 Jitter Attenuators Market 2019-2024 ($M) - Regional Industry Research
5.Europe Timing Devices Market By Type Market 2019-2024 ($M)
5.1 Oscillators Market 2019-2024 ($M) - Regional Industry Research
5.1.1 MEMS Oscillators Market 2019-2024 ($M)
5.1.2 Crystal Oscillators Market 2019-2024 ($M)
5.2 Resonators Market 2019-2024 ($M) - Regional Industry Research
5.3 Clock Generators Market 2019-2024 ($M) - Regional Industry Research
5.4 Clock Buffers Market 2019-2024 ($M) - Regional Industry Research
5.5 Jitter Attenuators Market 2019-2024 ($M) - Regional Industry Research
6.APAC Timing Devices Market By Type Market 2019-2024 ($M)
6.1 Oscillators Market 2019-2024 ($M) - Regional Industry Research
6.1.1 MEMS Oscillators Market 2019-2024 ($M)
6.1.2 Crystal Oscillators Market 2019-2024 ($M)
6.2 Resonators Market 2019-2024 ($M) - Regional Industry Research
6.3 Clock Generators Market 2019-2024 ($M) - Regional Industry Research
6.4 Clock Buffers Market 2019-2024 ($M) - Regional Industry Research
6.5 Jitter Attenuators Market 2019-2024 ($M) - Regional Industry Research
7.MENA Timing Devices Market By Type Market 2019-2024 ($M)
7.1 Oscillators Market 2019-2024 ($M) - Regional Industry Research
7.1.1 MEMS Oscillators Market 2019-2024 ($M)
7.1.2 Crystal Oscillators Market 2019-2024 ($M)
7.2 Resonators Market 2019-2024 ($M) - Regional Industry Research
7.3 Clock Generators Market 2019-2024 ($M) - Regional Industry Research
7.4 Clock Buffers Market 2019-2024 ($M) - Regional Industry Research
7.5 Jitter Attenuators Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Timing Devices Market Revenue, 2019-2024 ($M)
2.Canada Timing Devices Market Revenue, 2019-2024 ($M)
3.Mexico Timing Devices Market Revenue, 2019-2024 ($M)
4.Brazil Timing Devices Market Revenue, 2019-2024 ($M)
5.Argentina Timing Devices Market Revenue, 2019-2024 ($M)
6.Peru Timing Devices Market Revenue, 2019-2024 ($M)
7.Colombia Timing Devices Market Revenue, 2019-2024 ($M)
8.Chile Timing Devices Market Revenue, 2019-2024 ($M)
9.Rest of South America Timing Devices Market Revenue, 2019-2024 ($M)
10.UK Timing Devices Market Revenue, 2019-2024 ($M)
11.Germany Timing Devices Market Revenue, 2019-2024 ($M)
12.France Timing Devices Market Revenue, 2019-2024 ($M)
13.Italy Timing Devices Market Revenue, 2019-2024 ($M)
14.Spain Timing Devices Market Revenue, 2019-2024 ($M)
15.Rest of Europe Timing Devices Market Revenue, 2019-2024 ($M)
16.China Timing Devices Market Revenue, 2019-2024 ($M)
17.India Timing Devices Market Revenue, 2019-2024 ($M)
18.Japan Timing Devices Market Revenue, 2019-2024 ($M)
19.South Korea Timing Devices Market Revenue, 2019-2024 ($M)
20.South Africa Timing Devices Market Revenue, 2019-2024 ($M)
21.North America Timing Devices By Application
22.South America Timing Devices By Application
23.Europe Timing Devices By Application
24.APAC Timing Devices By Application
25.MENA Timing Devices By Application
26.Seiko Epson Corp0ration, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.TXC Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Kyocera Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Rakon Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Knowles Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Asahi Kasei Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Cypress Semiconductor Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Texas Instruments Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Microchip Technology Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.IQD Frequency Products Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Key Innovators, Sales /Revenue, 2015-2018 ($Mn/$Bn)