DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Timing Devices Market by Type, Material, Application, and Geography - Global Forecast to 2022" report to their offering.
The timing devices market is expected to be worth USD 5.92 billion by 2022, growing at a CAGR of 7.27% between 2017 and 2022
The key factors contributing to the growth of the timing devices market are the increasing demand for mobile devices, growing adoption of advanced automotive electronics, and rise in demand for healthcare and medical equipment. In addition, the market is driven by the rapidly expanding consumer electronics industry. However, constant development in the oscillator technology acts as a restraint for the growth of the timing devices market.
Consumer electronics applications are among the prominent end users of the timing devices followed by telecommunications and networking application. The proliferation of consumer electronic devices, especially smartphones, has revolutionized the consumer electronics industry. The growing demand for portable electronic gadgets such as smartphones, tablet PCs, and laptops has led to the rapid adoption of various supporting components, such as timing devices, in these gadgets. The reduction in the size of these devices owing to the advancements in MEMS technology, as well as factors such as reduced power consumption and low-cost solutions, has further increased the rate of adoption of the timing devices. Thus, this market is likely to witness increased growth between 2017 and 2022.
Timing devices market in APAC expected to grow at the highest rate during the forecast period
Leading timing devices manufacturing companies such as Seiko Epson Corporation (Japan), Nihon Dempa Kogyo Co., Ltd. (Japan), TXC Corporation (Taiwan), Kyocera Corporation (Japan), and Murata Manufacturing Co., Ltd. (Japan) are based in the APAC region.
The key market players profiled in the report are as follows:
- Seiko Epson Corporation (Japan)
- Nihon Dempa Kogyo Co., Ltd. (Japan)
- TXC Corporation (Taiwan)
- Kyocera Corporation (Japan)
- Murata Manufacturing Co., Ltd. (Japan)
- Rakon Limited (New Zealand)
- Integrated Device Technology, Inc. (US)
- Knowles Corporation (Vectron International, (US)
- Asahi Kasei Corporation (Japan)
- Cypress Semiconductor Corporation (US)
- Texas Instruments (US)
- Microchip Technology Inc. (US)
- IQD Frequency Products Ltd. (UK)
For more information about this report visit http://www.researchandmarkets.com/research/xfhqn6/timing_devices