Global Timing Devices Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Timing Devices Market is estimated to be USD 6.72 Bn in 2023 and is expected to reach USD 9.56 Bn by 2028 growing at a CAGR of 7.3%

Market Dynamics

The Global Timing Devices Market is driving due to increasing adoption by various industries such as automotive, telecommunication and networking, consumer electronics, military and defense, industrial, medical, and healthcare equipment, which are fuelling the market's growth. Additionally, growing Internet of Things (IoT) and connected devices applications, and rising demand for mobile devices such as tablets, laptops, smart TVs, wearables devices, personal digital assistants, smartphones, game consoles, digital cameras, etc., are driving the growth of the market. On the other hand, the high cost of product development restricts the market's growth.

Furthermore, developing 5G and LTE technologies and the evolution of MEME-Based Oscillators will create potential opportunities for the market to grow in the forecasted period. Moreover, difficulties in product customization and small form factor are significant challenges that may negatively affect the market’s growth.

Market Segmentation

• The Global Timing Devices Market is segmented further based on Type, Material Type, Industry Vertical Type, and Geography.
• By Type, the market is classified into Oscillators, Resonators, Clock Generators, Clock Buffers, and Jitter Attenuators.
• By Material Type, the Timing Devices market is classified into Crystal, Ceramic, and Silicon.
• By Industry Vertical Type, the Timing Devices market is classified into Automotive, Medical and Healthcare, Consumer Electronics, Telecommunications and Networking, Industrial, and Military and Defence.
• By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. LG Electronics, Inc acquired Cybellum to enhance its cybersecurity capabilities and accelerate its efforts towards Innovation Partner for Future Mobility- September 23, 2021
2. Digi-Key Electronics partnership with Siemens AG to offer a wide range of automation and control products- September 15, 2021
3. Rakon Limited released RTH7050PA, a high-performance Hybrid TCXO with features of temperature compensation and heated element for making resonator constant-September 9, 2021

Company Profiles

Some of the companies covered in this report are Digi-Key Electronics, Future Electronics, Institute of Electrical and Electronics Engineers, Kyocera Corporation, Massachusetts Institute of Technology, Mouser Electronics, Inc, NIHON DEMPA KOGYO CO LTD, Northeastern University, Seiko Epson Corporation, and TXC Corporation, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Timing Devices Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market