The timing devices market is projected to grow from USD 5.5 billion in 2023 and is projected to reach USD 8.9 billion by 2030; it is expected to grow at a CAGR of 7.1% from 2023 to 2030.
The growth of the timing devices market is driven by increasing adoption of advanced automotive electronics, rising adoption of timing devices in smartphones and smart wearables, rise in demand for healthcare and medical equipment.
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Key strategies adopted by the players in the timing devices market ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships and acquisitions.
For instance, in August 2022, Seiko Epson Corporation introduced the FC2012AN and FC3215AN, two new families of quartz crystal units that deliver very low equivalent series resistance (ESR) and extremely tight frequency tolerance in an ultra-compact form factor.
In July 2022, Nihon Dempa Kogyo Co., Ltd. developed the industry's first 2.0×1.6mm-sized (0.8mm height) temperature operable (+125deg.C) and high frequency output-compatible (100MHz) TCXO (temperature compensated crystal oscillator) for the automotive market.
Seiko Epson Corporation is among the leading innovators in the timing devices market. The company invests considerably in R&D to develop cost-competitive products and maintain its top position in the industry. The combination of various timing devices with seamless features and functionalities strengthens the product portfolio of the company and helps it to score high ratings on the breadth and depth of product offerings and product features and functionality. Seiko Epson Corporation is a customer-focused company; it has positioned itself as a global leader in the development of smart communications, power, transportation, and manufacturing systems with advanced and original quartz timing and sensing solutions and low-power semiconductor solutions. The company has adopted inorganic growth strategies to develop innovative technologies and target new markets. The company has a multidimensional business approach with both backward and forward integration. To remain competitive in the market, the company is willing to develop new products to accommodate the changing requirements of its clients. For instance, in 2020, the company collaborated with Rohde & Schwarz (Germany) for measuring power supply noise rejection to bring clarity and precision to real-world signal integrity design challenges.
Nihon Dempa Kogyo Co., Ltd. is one of the world’s leading quartz crystal companies, which focuses on enhancing and diversifying its product portfolio by launching new and innovative products. The demand for timing devices is high, and the company strives to cater to the continuing demand for storage by introducing new timing products. The company has made significant investments in R&D for the timing devices business. The company has sales offices in Japan, China, France, Germany, Italy, Malaysia, Singapore, the U.K., and the U.S. This has helped the company secure a geographically diversified revenue stream. NDK focuses on both organic and organic strategies to strengthen its market position. The company has been consistently introducing new products to the market with advanced functionalities. For example, in July 2022, Nihon Dempa Kogyo Co., Ltd. has developed the industry's first 2.0×1.6mm-sized (0.8mm height) temperature operable (+125deg.C) and high frequency output-compatible (100MHz) TCXO (temperature compensated crystal oscillator) for the automotive market.
Timing Devices Market by Type (Oscillators, Atomic Clocks, Clock Generators, Clock Buffers, Jitter Attenuators), Material (Crystal, Silicon, Ceramic), Vertical (Consumer Electronics, Automotive) and Region - Global Forecast to 2030
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