Timing Device Market Pit Falls, Present Scenario and Growth Prospects from 2017 to 2024: Global Market Insights Inc.
Drivers of timing device market growth including regional trends, factors driving multiple segments of timing device industry and companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc. Timing Device Market size is anticipated to witness growth during the forecast period owing to an increase in demand across applications such as healthcare and medical equipment. Crystal units are used in life-sustaining and implantable devices such as pacemakers. Oscillators are used in non-implantable and non-life sustaining gadgets. Increasing adoption of advanced automotive electronics and growing demand for mobile gadgets are expected to drive the timing device market growth. The adoption of smart grid technology will increase owing to the growing use of time-sensitive smart meters for grid frequency management. Constant technological optimization and demand for Integrated Circuits (ICs) are rising. This is expected to fuel timing device market growth, particularly in the semiconductor clocks segment.
The growing use of these devices in automotive electronics is expected to drive the timing device market over the forecast period. These are used in car navigation systems, in-vehicle audiovisual equipment, safety control systems, and driving control systems. These are also used in cloud big data applications owing to their capability to interface with commonly used storage ICs, better timing, and improved system optimization. Most of these devices are temperature-sensitive and hard to design. The timing device market is segmented on the basis of material used, type, and enduse. Based on materials used, the market is segmented into ceramic, crystal, and silicon. The silicon-based types are expected to gain significant share during the forecast period. Silicon types are relatively insensitive to shock, vibration, and effects of electromagnetic interference (EMI). Furthermore, the adoption of high-end silicon oscillators based on MEMS technology is on a rise owing to the development of semiconductor process technology and circuitry integration. These materials are expected to completely replace conventional quartz oscillators as the source of 1|Page