Global Silicon Based Timing Device Market - 2023-2030

Overview

Global Silicon Based Timing Devices Market reached US$ 1.4 billion in 2022 and is expected to reach US$ 2.4 billion by 2030, growing with a CAGR of 6.6% during the forecast period 2023-2030.

Continuous advances in technology in the market have resulted in the development of very precise and compact silicon-based timing devices. The advancements are required to power the next generation of electronics, 5G networks and IoT devices. The key global players in U.S. region are focusing on the new product developments. For instance, in March 2023, Analog Devices, Inc. has announced the availability of an exceptionally low noise two output DC/DC Module regulator that incorporates proprietary silicon, layout and packaging advances.

The front-end of the LTM8080 is a high-efficiency synchronous Silent Switcher step-down regulator, which is followed by two different low noise, low dropout (LDO) regulators that function from up to 40 V input. To further reduce switching noise, the LTM8080's package includes an EMI barrier wall or shield. Therefore, U.S. is dominating the regional market with more than 80.1% of the country market shares.

Dynamics

Silicon Resonator Fabrication and Packaging Input Frequency Capable of LSI integration for Timing Device Application

In the electronics sector, miniaturization is a major trend. More than 70% of people preferred tiny and lightweight electronic devices in 2022. Its demand is met by incorporating silicon resonators into LSIs, which has resulted in a 30% reduction in the size of timing devices.

Leading semiconductor companies, such as Intel and TSMC, have committed more than US$1.5 billion in integrated timing research and development. The expenditures have resulted in the development of cutting-edge timing devices, which has fueled market growth.

For instance, energy efficiency is a primary goal for electronics. Timing devices' power consumption has been lowered by an average of 15% due to integrated silicon resonators, which is critical for battery-powered devices. It has aided in the widespread adoption of energy-efficient electrical equipment.

Micro-Electro-Mechanical Systems (MEMS) Based Timing Solutions

Small, power-efficient and precise timing solutions are critical to the expansion of IoT and edge computing devices. MEMS-based timing devices improve device performance by enabling real-time data processing and synchronization. Timing solutions based on MEMS are progressively being integrated into advanced driving assistance systems (ADAS), entertainment systems and in-vehicle networking.

The safety, convenience and infotainment elements that people demand from a smart, connected automobile are being redefined by automotive design. Automotive electronics is one of the fastest-growing semiconductor industries and electronic components utilized in diverse applications in ADAS and electric vehicles are among the many important drivers of this growth.

As per United States International Trade Commission (USITC) data, each gasoline-powered car has semiconductor devices worth 330 US$, whereas the value of semiconductor devices in each hybrid electric vehicle ranges from US$ 1,000 to US$ 3,500. Dating necessitates the use of 1,400 semiconductor devices that regulate everything from safety systems to powertrains.

Competition from Alternatives Like Quartz Crystal Oscillators (QCOs)

For many decades, QCOs have been a traditional and well-established technology for timing applications. It is widely known, trusted and used in a variety of industries. The bias toward QCOs can be a substantial impediment to silicon-based timing solutions acquiring market share.

Integrating silicon-based timing methods with QCO-specific devices can provide compatibility issues. Making outdated equipment and systems compatible with silicon-based technologies may necessitate new investments and resources. While silicon-based timing solutions may provide long-term benefits, the initial costs of migrating from QCOs may be prohibitive for some organizations, particularly small enterprises with limited budgets.

Higher Initial Cost

When exploring new technologies, businesses often analyze the return on investment (ROI). The initial cost of installing silicon-based timing solutions may raise concerns regarding whether the long-term benefits and savings will outweigh the initial outlay.

High initial prices may prevent silicon-based solutions from being adopted, resulting in a lesser market share compared to well-established alternatives such as Quartz Crystal Oscillators (QCOs). It has the potential to hinder overall market growth. Companies may postpone or limit expenditures on innovative technology during economic downturns or periods of uncertainty. It may prioritize cost-cutting tactics, such as postponing technological updates.

Segment Analysis

The global silicon based timing device market is segmented based on type, mounted type, input frequency, application and region.

Electronics Application Segment Drives Dominance of Silicon-Based Timing Devices in Global Market

Timing devices based on silicon are used in a wide range of electronic systems, including consumer electronics, industrial equipment and automotive systems. Market growth is being driven by the rising use of silicon-based timing solutions in these systems. Therefore, the electronics application segment dominates the global market with more than 1/4th of the market.

For instance, according to the Automotive Component Manufacturers Association of India (ACMA), electronics and information and communication technology (ICT) are changing the method that people perceive mobility. The auto electronics market was valued US$ 200 billion by 2020. The use of electronics in automobiles is the single most important driver of change in the industry; practically all automotive innovation originates directly or indirectly from electronic innovations.

Geographical Penetration

Owing to Higher Demand from Various Industries, North American Market is Growing

Timing devices based on silicon are critical components in many industries, including telecommunications, aerospace, automotive and consumer electronics. The industries' considerable presence in North America increases the demand for improved timing solutions. The aerospace and defense industries in North America rely on very accurate timing devices for applications such as navigation, communication and synchronization. The industry helps to drive the demand for improved timing technology. Therefore, the North American market is dominating the global market with nearly 1/3rd of the global market share.

COVID-19 Impact Analysis

During the pandemic, demand for silicon-based timing devices fluctuated across industries. While consumer electronics and communication equipment (e.g., laptops, cellphones and networking devices) experienced rising demand as remote work and digital connectivity rose, sectors such as automotive and aerospace saw reductions owing to lower production and travel limitations.

The uncertainty surrounding the pandemics duration and impact made it difficult for businesses to plan their output and investments. In reaction to the uncertain economic situation, several businesses delayed or reduced R&D projects and capital investments.

Russia-Ukraine War Impact Analysis

Timing devices based on silicon rely on a variety of raw materials and components. The war could cause shortages and price hikes by disrupting the availability of key materials. Geopolitical uncertainty can make it difficult for companies to plan and invest in production and development. Companies may postpone or reduce their expansion and research and development initiatives.

By Type

• Clock Generators
• Clock Buffers
• Jitter Attenuators

By Mounted Type

• Green Hydrogen
• Grey Hydrogen
• Blue Hydrogen
• Other Sources

By Input Frequency

• Above 200 MHZ
• 50 MHZ to 200 MHZ
• Up to 50 MHZ

By Application

• Electronics
• Data Centers
• Automotive
• Industrial
• Medical and Healthcare
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In March 2023, Analog Devices, Inc. has announced the availability of an exceptionally low noise two output DC/DC Module regulator that incorporates proprietary silicon, layout and packaging advances.
• In August 2022, Skyworks Solutions, Inc. introduced the NetSync clock integrated circuit devices Si551x and Si540x, as well as the AccuTime IEEE 1588 software. The developments meet the needs of mobile operators and equipment vendors in 5G networks.
• In February 2021, Renesas and Fixstars collaborated to develop a collection of tools for designing software for cars with advanced driving and safety features (AD and ADAS). The collaboration will assist the company in hastening the development of software that enables things like automated driving and vehicle safety systems.

Competitive Landscape

The major global players in the market include: Sitime Corp., Rohm Co., Ltd., Skyworks Solutions INC, Texas Instruments Incorporated, Renesas Electronics Corporation, Semicon Components Industries, LLC, Analog Devices, INC, Infinion and Torex Semiconductor Ltd.

Why Purchase the Report?

• To visualize the global silicon based timing device market segmentation based on type, mounted type, input frequency, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of silicon based timing device market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Hydrogen Source mapping available as excel consisting of key products of all the major players.

The global silicon based timing device market report would provide approximately 77 tables, 74 figures and 215 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies