Semiconductor Clock Market
Semiconductor Clock Market Forecasts to 2028 - Global Analysis By Type (Real Time Clock (RTC) and Semiconductor Clock IC), Application (Telecommunications, Automotive, Industrial Devices, Computing Devices, Consumer Electronic Devices and Other Applications) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $2.98 BN |
|
Projected Year Value (2028) |
US $7.18 BN |
|
CAGR (2022 - 2028) |
15.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia-Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Semiconductor Clock Market is accounted for $2.98 billion in 2022 and is expected to reach $7.18 billion by 2028 growing at a CAGR of 15.8% during the forecast period. A clock signal is a repetitive electrical signal that serves as a timing reference for synchronizing various components within a system, ensuring proper coordination and timing of operations. Semiconductor clocks are essential in numerous electronic devices and systems, ranging from consumer electronics like smart phones and laptops to complex systems like computer servers, telecommunications equipment, automotive electronics, and industrial control systems. They provide precise timing and synchronization to ensure the reliable and accurate operation of these devices.
According to the Semiconductor Sector Association (SIA), global semiconductor industry sales increased rapidly in 2020 compared to 2019. The Semiconductor Industry Association (SIA) represents roughly two-thirds of non-US chip companies and 98% of the US semiconductor industry by revenue.
Market Dynamics:
Driver:
Essential Component & Technological Advancements
Semiconductor clocks are crucial components in various electronic devices and systems, providing precise timing and synchronization. Their importance in ensuring reliable and accurate operation gives them a strong market position. Additionally, the market benefits from continuous technological advancements, including higher clock speeds, improved accuracy, reduced power consumption, and integration with other components. These advancements drive market growth and innovation, which will accelerate market growth over the course of the forecast period.
Restraint:
Supply Chain Vulnerabilities
The semiconductor industry heavily relies on global supply chains to source raw materials, components, and manufacturing equipment. Any disruption in the supply chain, such as natural disasters, trade disputes, or logistical challenges, can lead to delays in production, shortages of critical components, and increased costs. This dependency on a complex global supply network makes the industry susceptible to vulnerabilities. Additionally, semiconductor manufacturers require a wide range of components and materials to produce their products. These components often have their own supply chains, and any disruption in those supply chains can lead to component shortages.
Opportunity:
Growing Demand for Consumer Electronics
Increased Adoption of Smart phones, Tablets, and Wearable’s Consumer electronics, such as smart phones, tablets, and wearable’s, have become essential devices in our daily lives. The demand for these devices continues to rise, driven by factors like technological advancements, increasing internet penetration, and changing consumer preferences. This increased adoption of consumer electronics leads to a higher demand for semiconductor components, including processors, memory chips, sensors, and power management ICs. Semiconductor manufacturers can capitalize on this trend by developing and supplying innovative, high-performance chips that cater to the evolving needs of consumer electronics manufacturers and end consumers.
Threat:
Economic Uncertainty
During periods of economic uncertainty, consumers tend to become more cautious with their spending. They may delay or reduce their purchases of electronic devices, including those that rely on semiconductor clocks. This decrease in consumer spending can result in lower demand for semiconductor clock products, affecting the overall market growth. Additionally, Economic uncertainty can lead to volatile market conditions, making it challenging for semiconductor clock manufacturers to predict and manage demand. Manufacturers may face difficulties in aligning their production capabilities with uncertain market demand, leading to potential overstocking or under stocking of products, which will impede market growth over the forecast period.
Covid-19 Impact:
The COVID-19 epidemic has had a substantial impact on the size of the semiconductor clock market. The global semiconductor industry, including the semiconductor clock market, experienced significant disruptions in the supply chain due to factory closures, restrictions on movement, and a reduced workforce during the initial phase of the pandemic. This led to delays in production, shortages of components, and logistical challenges, affecting the overall availability and delivery of semiconductor clocks. The COVID-19 pandemic initially created challenges in the semiconductor clock market due to disruptions in the supply chain and fluctuations in demand.
The Consumer electronic devices segment is expected to be the largest during the forecast period
The consumer electronic devices segment is expected to hold the largest share in the automotive smart key market during the forecast period. The increased demand for new-age electronic products such as smart phones, smart TVs, electric vehicles, automated household appliances, and security systems will boost the market's growth prospects. For instance, with suppliers' increasing attention on the development of small-sized semiconductor clocks with increased performance and stability, as the majority of these electronic gadgets rely on time-based data, the semiconductor clocks market is expected to grow significantly throughout the projected period.
The Real time clock (RTC) segment is expected to have the highest CAGR during the forecast period
The Real Time Clock (RTC) segment is expected to have the highest CAGR during the forecast period in the semiconductor clock market. RTCs are designed to provide highly accurate timekeeping over long periods. They utilize quartz crystal oscillators or other high-precision timing elements to ensure precise timekeeping with minimal drift. This accuracy is crucial in various applications where maintaining the correct time is important, such as computers, industrial systems, and communication equipment. Furthermore, RTCs often incorporate a backup power source, such as a battery or super capacitor, to ensure continuous timekeeping even when the main power supply is interrupted. This allows the RTC to retain the time and date information during power outages or when the system is powered off.
Region with largest share:
The Asia-Pacific region has the largest share in the semiconductor clock market. The recent relocation of chip production units to APAC will drive this market's growth prospects. Many electronic device manufacturers, such as Micron Technology and Qualcomm, have begun to transfer their manufacturing units to APAC due to lower pay rates compared to other areas, which has contributed to the growth of the semiconductor clock market in Asia Pacific. Semiconductor clocks are essential components in these devices, providing precise timing for various functions and ensuring reliable operation. The high volume of consumer electronics production in the region contributes to the demand for semiconductor clocks.
Region with highest CAGR:
The North America region is anticipated to develop faster than other regions during the projected period in the market for semiconductor clock. North America is home to several prominent semiconductor companies, including Intel, Qualcomm, Texas Instruments, and AMD, among others. These companies play a vital role in the development and manufacturing of semiconductor clocks. Their innovation and market leadership contribute to the growth and competitiveness of the semiconductor clock market in North America. The market encompasses a wide range of sectors, including consumer electronics, automotive electronics, industrial automation, aerospace, and defense. Semiconductor clocks are essential components in these industries, ensuring precise timing and synchronization in various electronic systems. Therefore, it is anticipated that such factors will fuel growth in the Asia-Pacific market for semiconductor clocks.
Key players in the market:
Some of the key players in Semiconductor Clock Market include Epson, Maxim Integrated, NXP Semiconductors, Ricoh, STMicroelectronics, Texas Instruments, Abracon, Renesas Electronics Corporation, IQD, Daishinku, Kyocera, Murata, SiTime, TXC and Integrated Device Technology
Key Developments:
In May 2023, NXP Semiconductors announced the i.MX 91 applications processors for the next generation of Linux-based IoT and industrial applications.NXP said its i.MX 91 processors enable developers to create new Linux-based edge devices, such as home controllers, connected appliances, home entertainment, industrial scanning and printing, building control, EV chargers and medical platforms.
In April 2023, STMicroelectronics introduces a market-first waterproof MEMS pressure sensor with 10-year longevity for industrial IoT expansion. High accuracy and superior environmental robustness suitable for gas- and water-metering equipment, weather monitoring, air conditioning, and home appliances.
In January 2023, Kyocera Corporation has announced Forearth, a new inkjet textile printer that aims to eliminate virtually all water usage from fabric printing. We expect this printer to contribute to eliminating printing-related water pollution, which has long been an issue in the textile and apparel industries.
Types Covered:
• Real Time Clock (RTC)
• Semiconductor Clock IC
Applications Covered:
• Telecommunications
• Automotive
• Industrial Devices
• Computing Devices
• Consumer Electronic Devices
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Semiconductor Clock Market, By Type
5.1 Introduction
5.2 Real Time Clock (RTC)
5.3 Semiconductor Clock IC
6 Global Semiconductor Clock Market, By Application
6.1 Introduction
6.2 Telecommunications
6.3 Automotive
6.4 Industrial Devices
6.5 Computing Devices
6.6 Consumer Electronic Devices
6.7 Other Applications
7 Global Semiconductor Clock Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Epson
9.2 Maxim Integrated
9.3 NXP Semiconductors
9.4 Ricoh
9.5 STMicroelectronics
9.6 Texas Instruments
9.7 Abracon
9.8 Renesas Electronics Corporation
9.9 IQD
9.10 Daishinku
9.11 Kyocera
9.12 Murata
9.13 SiTime
9.14 TXC
9.15 Integrated Device Technology
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List of Tables
1 Global Semiconductor Clock Market Outlook, By Region (2020-2028) ($MN)
2 Global Semiconductor Clock Market Outlook, By Type (2020-2028) ($MN)
3 Global Semiconductor Clock Market Outlook, By Real Time Clock (RTC) (2020-2028) ($MN)
4 Global Semiconductor Clock Market Outlook, By Semiconductor Clock IC (2020-2028) ($MN)
5 Global Semiconductor Clock Market Outlook, By Application (2020-2028) ($MN)
6 Global Semiconductor Clock Market Outlook, By Telecommunications (2020-2028) ($MN)
7 Global Semiconductor Clock Market Outlook, By Automotive (2020-2028) ($MN)
8 Global Semiconductor Clock Market Outlook, By Industrial Devices (2020-2028) ($MN)
9 Global Semiconductor Clock Market Outlook, By Computing Devices (2020-2028) ($MN)
10 Global Semiconductor Clock Market Outlook, By Consumer Electronic Devices (2020-2028) ($MN)
11 Global Semiconductor Clock Market Outlook, By Other Applications (2020-2028) ($MN)
12 North America Semiconductor Clock Market Outlook, By Country (2020-2028) ($MN)
13 North America Semiconductor Clock Market Outlook, By Type (2020-2028) ($MN)
14 North America Semiconductor Clock Market Outlook, By Real Time Clock (RTC) (2020-2028) ($MN)
15 North America Semiconductor Clock Market Outlook, By Semiconductor Clock IC (2020-2028) ($MN)
16 North America Semiconductor Clock Market Outlook, By Application (2020-2028) ($MN)
17 North America Semiconductor Clock Market Outlook, By Telecommunications (2020-2028) ($MN)
18 North America Semiconductor Clock Market Outlook, By Automotive (2020-2028) ($MN)
19 North America Semiconductor Clock Market Outlook, By Industrial Devices (2020-2028) ($MN)
20 North America Semiconductor Clock Market Outlook, By Computing Devices (2020-2028) ($MN)
21 North America Semiconductor Clock Market Outlook, By Consumer Electronic Devices (2020-2028) ($MN)
22 North America Semiconductor Clock Market Outlook, By Other Applications (2020-2028) ($MN)
23 Europe Semiconductor Clock Market Outlook, By Country (2020-2028) ($MN)
24 Europe Semiconductor Clock Market Outlook, By Type (2020-2028) ($MN)
25 Europe Semiconductor Clock Market Outlook, By Real Time Clock (RTC) (2020-2028) ($MN)
26 Europe Semiconductor Clock Market Outlook, By Semiconductor Clock IC (2020-2028) ($MN)
27 Europe Semiconductor Clock Market Outlook, By Application (2020-2028) ($MN)
28 Europe Semiconductor Clock Market Outlook, By Telecommunications (2020-2028) ($MN)
29 Europe Semiconductor Clock Market Outlook, By Automotive (2020-2028) ($MN)
30 Europe Semiconductor Clock Market Outlook, By Industrial Devices (2020-2028) ($MN)
31 Europe Semiconductor Clock Market Outlook, By Computing Devices (2020-2028) ($MN)
32 Europe Semiconductor Clock Market Outlook, By Consumer Electronic Devices (2020-2028) ($MN)
33 Europe Semiconductor Clock Market Outlook, By Other Applications (2020-2028) ($MN)
34 Asia Pacific Semiconductor Clock Market Outlook, By Country (2020-2028) ($MN)
35 Asia Pacific Semiconductor Clock Market Outlook, By Type (2020-2028) ($MN)
36 Asia Pacific Semiconductor Clock Market Outlook, By Real Time Clock (RTC) (2020-2028) ($MN)
37 Asia Pacific Semiconductor Clock Market Outlook, By Semiconductor Clock IC (2020-2028) ($MN)
38 Asia Pacific Semiconductor Clock Market Outlook, By Application (2020-2028) ($MN)
39 Asia Pacific Semiconductor Clock Market Outlook, By Telecommunications (2020-2028) ($MN)
40 Asia Pacific Semiconductor Clock Market Outlook, By Automotive (2020-2028) ($MN)
41 Asia Pacific Semiconductor Clock Market Outlook, By Industrial Devices (2020-2028) ($MN)
42 Asia Pacific Semiconductor Clock Market Outlook, By Computing Devices (2020-2028) ($MN)
43 Asia Pacific Semiconductor Clock Market Outlook, By Consumer Electronic Devices (2020-2028) ($MN)
44 Asia Pacific Semiconductor Clock Market Outlook, By Other Applications (2020-2028) ($MN)
45 South America Semiconductor Clock Market Outlook, By Country (2020-2028) ($MN)
46 South America Semiconductor Clock Market Outlook, By Type (2020-2028) ($MN)
47 South America Semiconductor Clock Market Outlook, By Real Time Clock (RTC) (2020-2028) ($MN)
48 South America Semiconductor Clock Market Outlook, By Semiconductor Clock IC (2020-2028) ($MN)
49 South America Semiconductor Clock Market Outlook, By Application (2020-2028) ($MN)
50 South America Semiconductor Clock Market Outlook, By Telecommunications (2020-2028) ($MN)
51 South America Semiconductor Clock Market Outlook, By Automotive (2020-2028) ($MN)
52 South America Semiconductor Clock Market Outlook, By Industrial Devices (2020-2028) ($MN)
53 South America Semiconductor Clock Market Outlook, By Computing Devices (2020-2028) ($MN)
54 South America Semiconductor Clock Market Outlook, By Consumer Electronic Devices (2020-2028) ($MN)
55 South America Semiconductor Clock Market Outlook, By Other Applications (2020-2028) ($MN)
56 Middle East & Africa Semiconductor Clock Market Outlook, By Country (2020-2028) ($MN)
57 Middle East & Africa Semiconductor Clock Market Outlook, By Type (2020-2028) ($MN)
58 Middle East & Africa Semiconductor Clock Market Outlook, By Real Time Clock (RTC) (2020-2028) ($MN)
59 Middle East & Africa Semiconductor Clock Market Outlook, By Semiconductor Clock IC (2020-2028) ($MN)
60 Middle East & Africa Semiconductor Clock Market Outlook, By Application (2020-2028) ($MN)
61 Middle East & Africa Semiconductor Clock Market Outlook, By Telecommunications (2020-2028) ($MN)
62 Middle East & Africa Semiconductor Clock Market Outlook, By Automotive (2020-2028) ($MN)
63 Middle East & Africa Semiconductor Clock Market Outlook, By Industrial Devices (2020-2028) ($MN)
64 Middle East & Africa Semiconductor Clock Market Outlook, By Computing Devices (2020-2028) ($MN)
65 Middle East & Africa Semiconductor Clock Market Outlook, By Consumer Electronic Devices (2020-2028) ($MN)
66 Middle East & Africa Semiconductor Clock Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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