Dubai, UAE, Nov. 01, 2023 (GLOBE NEWSWIRE) -- As per the report published by Kings Research, the Global Semiconductor Timing IC Market size was recorded at USD 7.21 billion in 2022 and is anticipated to grow to USD 12.62 billion by 2030, exhibiting a robust CAGR of 7.79% from 2023 to 2030. Advancements in semiconductor materials and manufacturing techniques that result in the creation of high-performance integrated circuits (ICs) are boosting market growth for semiconductor timing ICs. Additionally, the industry is experiencing substantial sales due to the increasing usage of cloud computing and big data analytics in the semiconductor industry.
Advancements in semiconductor technology and the growing need for faster and more efficient semiconductors in electronic systems have spurred the creation of cutting-edge timing ICs. These advanced ICs have been designed to meet the rigorous demands of contemporary electronic systems. Overall, semiconductor timing ICs are a vital part of electronic systems, and their continued development and acceptance will be essential for the development of technology in many industries, which is further projected to support market expansion.
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Competitive Landscape
The competitive landscape of the global semiconductor timing IC industry is consolidated. Prominent players are concentrating on several critical business tactics, including partnerships, mergers & acquisitions, product developments, and joint ventures, to enhance their market shares across various geographies and diversify their product offerings.
Expansion and investments across the industry cover a wide range of strategic objectives, such as funding for R&D projects, the construction of additional factories, and supply chain improvement.
Key players in the market include:
- Integrated DNA Technologies, Inc.
- Silicon Laboratories
- Microsemi
- Texas Instruments Incorporated
- Analog Devices, Inc.
- Infineon Technologies AG
- ROHM CO., LTD.
- Renesas Electronics Corporation.
- Semiconductor Components Industries, LLC
- Diodes Incorporated
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Trending Now: Accord Announces Volume Production of New GNSS Receiver ICs
In April 2023, GlobalFoundries (GF), a semiconductor manufacturing and design company, and Accord Software and Systems Pvt. Ltd., a software solutions company announced the start of the commercial manufacturing of their new line of GNSS receiver ICs, the AST-500 "Kaveri" series. A new generation of GNSS receiver ICs, the AST-500 "Kaveri" series, offers notable advancements over earlier generations in terms of performance, power efficiency, and compactness. The AST-500 "Kaveri" series will use timing ICs for improving the precision and efficacy of GNSS receivers, which is set to augment revenue.
Market Segmentation
By Application
- Consumer Electronics
- Network and Telecom
- Automotive
- Others
Extensive Use of Semiconductor Timing IC in Consumer Electronics to Fuel Sales
The consumer electronics segment led the global market with a valuation of USD 3.18 million in 2022 and is anticipated to continue its dominance through the projected period. Semiconductor timing ICs are extensively used in the application of consumer electronics, which is a prominent factor driving segmental growth.
These ICs are quite adaptable and may be programmed to handle a wide range of operations, including power management, timing, and counting, among others. They play in several varied crucial use cases, including communication systems, wearables, smartphones, and tablets. As a result, the market for semiconductor timing ICs is expanding due to the rise in demand for these electronic devices.
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By Product
- Clock Generators
- Real Time Clock
- Multiple Output Clock Generators
- Crystal Oscillators
- Synthesizers
- Jitter Attenuators
Stable and Precise Signals Generated by Clock Products to Gain Traction
The clock generators segment accrued the highest revenue share in 2022 and is foreseen to generate a CAGR of 9.49% through the forecasted period. The segmental growth is attributed to the production of stable and precise signals that synchronize with circuit functionalities.
Clock generators produce pulses at designated frequencies, tailored to meet the specific demands of diverse applications. For instance, in a digital audio device, a precisely calibrated clock generator produces accurate clock pulses at predetermined frequencies, thereby facilitating precise digital signal conversion. These generators are typically employed to ensure optimal functionality in devices that incorporate digital signal processing or communication systems.
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Growing IoT Device Adoption to Drive Semiconductor Timing IC Market Growth
The popularity of electronic devices that require precise timing and synchronization has increased dramatically as a result of the rising penetration of the Internet of Things (IoT). These devices span a variety of industries, including smart homes, healthcare, transportation, and industrial automation systems. Timing ICs are an essential part of enabling communication and coordination between sensors, CPUs, and other electronic devices; therefore, their demand has increased in tandem with the boom of IoT devices globally.
For instance, timing ICs are necessary to maintain the efficiency of an IoT-based smart house that automates routine operations such as turning off lights and locking doors. Similarly, an IoT-equipped manufacturing facility needs accurate scheduling to synchronize production operations seamlessly.
Widespread Use of Semiconductor Timing IC in the APAC Region to Fuel Growth
Asia Pacific dominated the global semiconductor timing IC market in 2022 with a valuation of USD 3.9 million. The region is slated to capture a revenue share of 8.89% from 2023 to 2030 to retain its dominance through the forecast timeframe.
The largest market on the globe for integrated circuits is in the Asia-Pacific area due to the increasing use of semiconductor timing IC in this region compared to other parts of the world.
Table of Content
Chapter 1 Introduction of The Global Semiconductor Timing IC Market
Chapter 2 Executive Summary
Chapter 3 Research Methodology
Chapter 4 Global Semiconductor Timing IC Market Outlook
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Semiconductor Timing IC Market, By Application
Chapter 7 Global Semiconductor Timing IC Market, By Product
Chapter 8 Global Semiconductor Timing IC Market, By Geography
Chapter 9 North America
Chapter 10 Europe
Chapter 11 Asia Pacific
Chapter 12 Middle East & Africa
Chapter 13 Latin America
Chapter 14 Global Semiconductor Timing IC Market Competitive Landscape
Chapter 15 Company Profiles
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