The North America Timing Devices Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.3% in the forecast period of 2021 to 2028 and expected to reach USD 4,859.18 million by 2028. Increasing adoption of smartphone devices across the region creates a need for adoption of timing devices and acts as a driving factor for the growth of the market.
Timing devices provide timing signals to transmit data at the right time and speed along with continuous synchronizing signals. A piece of electronic equipment may consist of thousands of components; however, these myriad components are never allowed to run free and need to work in concert with one another to create a certain harmony. The clock helps serve the role of a conductor, the source of which is a timing device. In other words, the electronic circuits operate concerning a clock signal. The clock signal offers timing cues to deliver their functions and coordinate or synchronize with the peripheral controller. Timing devices are used for generating such a reference signal that oscillates at a constant cycle. The timing devices are generally made of ceramics, crystal, or silicon.
The rising adoption of smartphone devices across the globe is creating higher demand for timing devices and acts as a driving factor for the market's growth. Moreover, enhancement and developments are being made in MEMS oscillators that provide several advantages such as vibration sensitivity, lower manufacturing cost, improved reliability, and others. MEMS oscillators aim to overcome the disadvantages of quartz-based devices that include manufacturing cost, longer procurement times, scalability, and susceptibility to shock damage; this leads to the increasing demand for MEMS oscillators. The increasing use of timing devices in automobiles is another factor acting as a significant growth factor for the timing devices market.
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Competitive Landscape and Timing Devices Market Share Analysis
Timing devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the timing devices market.
Some of the major players operating in the timing devices market are Infineon Technologies AG, TXC, KYOCERA Corporation, Murata Manufacturing Co., Ltd., Abracon, Seiko Epson Corp., Microchip Technology Inc., NXP Semiconductors, Rakon Limited,, NIHON DEMPA KOGYO CO., LTD., Silicon Laboratories, Analog Devices, Inc., Vishay Intertechnology, Inc., Asahi Kasei Microdevices Corporation (a subsidiary of Asahi Kasei Corporation), Würth Elektronik GmbH & Co. KG (a subsidiary of Adolf Würth GmbH & Co. KG), Masterclock, Inc., Renesas Electronics Corporation among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the timing devices market.
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North America Timing Devices Market Scope and Market Size
Timing devices market is segmented on the basis of type, mounting type, material and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the timing devices market has been segmented into oscillator, resonator, clock generator, clock buffer, and jitter attenuator. In 2021, oscillators dominate the market as it has much high Q factor than that of resonators which has a frequency of 10KHz – 100MHz. Oscillators' output is very high, which makes them more dominating than other in type segment.
On the basis of mounting type, the timing devices market has been segmented into surface mount and through hole. In 2021, surface mount is dominating the market as it is more accessible to smaller PCBs and more surface area. The surface mount also lowers cost and shorter manufacturing time as doesn’t require drilled holes which makes this segment more dominating in this market.
On the basis of material, the timing devices market has been segmented into silicon, crystal and ceramic. In 2021, silicon is the most dominant material which is used for the manufacturing of timing devices. The properties such as conducting electricity and acting as an insulator in some conditions make it more dominating in the market.
On the basis of end use, the timing devices market has been segmented into consumer electronics, industrial, medical and healthcare, automotive, telecommunications and datacenter, military and defense, and others. In 2021, consumer electronics is the most dominating segment in the market as the timing devices are majorly used in electronics such as mobile phones, consumer goods. The growth in the consumer industry is also boosting the market.
North America Timing Devices Market Country Level Analysis
Timing devices market is analysed and market size information is provided by country, type, mounting type, material and end use as referenced above.
The countries covered in North America timing devices market report are the U.S., Canada and Mexico.
The U.S. accounted for maximum share in the North America timing devices market, due to the presence of a large number of companies and rise in demand of timing devices for healthcare equipment acting as a driving factor for the growth of the market.
The country section of the timing devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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North America Timing Devices Market Report Answers the Following Questions:
What are the current trends and future projections for the North America Timing Devices Market?
What are the major drivers and challenges facing the North America Timing Devices Market?
How is the North America Timing Devices Market segmented by product type?
What is the market share of the leading players in the North America Timing Devices Market?
How has the COVID-19 pandemic impacted the North America Timing Devices Market?
What are the key distribution channels for timing devices in the global market?
How is the North America Timing Devices Market affected by the integration of new technologies?
What is the impact of regulations and standards on the North America Timing Devices Market?
How is the North America Timing Devices Market expected to evolve in the next five years?
What are the opportunities for new market participants in the North America Timing Devices Market?
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