This market study presents a detailed segmentation of the global semiconductor clock market by application (consumer electronic devices, computing devices, industrial devices, automotive applications, and telecommunications sector) and by geography (the Americas, APAC, and EMEA). The leading vendors analyzed in this global market research report are Epson, Maxim Integrated, NXP Semiconductors, Ricoh, STMicroelectronics, and Texas Instruments.
Technavio’s market research analysts estimate the global semiconductor clock market, to grow at a CAGR of around 13% between 2016 and 2020. A real time clock (RTC), or a semiconductor clock, is an IC that keeps track of the current time and also ensures the smooth functioning of electronic devices by maintaining a flow among the device components. The prospects for growth in this market will be driven by factors like the rising demand for new-age electronic devices like smartphones, smart TVs, electric vehicles, automated home appliances, and security systems. APAC accounts for 77% of the overall market share, owing to the recent shift of chip manufacturing units to the region.
The new market research report from Technavio provides a breakdown and analysis of the semiconductor clock segments by technology.
“Semiconductors play a critical role in the automation of automobiles, especially in terms of networked communication and driving automation. Since next-generation automobiles are expected to include functionalities like speech recognition, and video and image compatibilities, the demand for semiconductor content that will help the built-in artificial intelligence to drive optimally will increase significantly over the next few years,” says Asif Ghani, Lead Analyst, Semiconductor, Technavio Research
The consumer electronic devices segment dominates the global semiconductor clock market, accounting for more than 40% of the total market share by 2020. The consumer electronic devices segment includes essential electronic devices like smartphones, tablets, refrigerators, ACs, TVs, washing machines, cameras, and displays and wearable technology. Since most of these devices run on the basis of time-based information, the demand for semiconductor clocks in this market segment will increase significantly over the next four years.
Percentage application of semiconductor clocks end-devices 2020
Source: Technavio, 2016
The leading vendors in the global semiconductor clock market are Epson, Maxim Integrated, NXP Semiconductors, Ricoh, STMicroelectronics, and Texas Instruments. It is an extremely competitive market as it contains multiple local and multinational suppliers. The market is also differentiated by fast technological changes and continuous price fluctuations along with design improvisation and effective manufacturing of product chains. The vendors that have the capability to provide high quality, reliable products will gain a competitive edge over their peers.
A more detailed analysis is available in the Technavio report, Global Semiconductor Clock Market 2016-2020.
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