NEW YORK, Sept. 25, 2023 /PRNewswire/ -- The Timing Devices Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the timing devices market between 2022 and 2027 is USD 1.97 billion. The increasing adoption of smartphones and tablets drives market growth. The market is estimated to witness an increased use of micro-electromechanical systems (MEMS) in mobile devices to improve the performance and oscillation of RF components. This trend is increasing the portability of mobile devices as MEMS resonators require less space compared to conventional resonators made of quartz. Over the years, the number of smartphones shipped across the world has increased significantly. This is because of the availability of low-cost smartphones and the rapid penetration of the internet. With the increasing production of smartphones, the demand for resonators will also increase. Hence, such factors will drive the growth of global timing devices during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The timing devices market is segmented by End-user (Consumer electronics, IT and telecom, Automotive, Aerospace and defense, and Others), Type (Oscillators, Resonators, Clock generators, Clock buffers, and Jitter attenuators), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
Key Companies in the timing devices market:
Abracon LLC, Adolf Wurth GmbH and Co. KG, Asahi Kasei Corp., Chroma ATE Inc., Corning Inc., HIOKI E.E. Corp., KYOCERA Corp., Meco Instruments Pvt. Ltd., Microchip Technology Inc., Milnec Interconnect Systems, Murata Manufacturing Co. Ltd., National Instruments Corp., Sanwa Electric Instrument Co. Ltd., Seiko Epson Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., TXC Corp., Yokogawa Electric Corp.
The automotive dual variable valve timing market size is estimated to grow at a CAGR of 6.63% between 2022 and 2027. The market size is forecast to increase by USD 12,518.16 million. This automotive dual variable valve timing market report extensively covers market segmentation by application (passenger cars and commercial vehicles), type (hydraulic cam phaser and electric cam phaser), and geography (APAC, Europe, North America, Middle East and Africa, and South America). One of the key factors driving the automotive dual variable valve timing market growth is the increasing demand for fuel-efficient vehicles.
The automotive timing belt market size is expected to increase to USD 37.62 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.4%. Furthermore, this report extensively covers market segmentation by end-user (OEMs and automotive aftermarket), vehicle type (passenger vehicles and commercial vehicles), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The improvement in the aftermarket segment is notably driving the market growth.
Timing Devices Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.09%
Market growth 2023-2027
USD 1.97 billion
YoY growth 2022-2023 (%)
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 39%
US, China, Japan, Germany, and UK
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Abracon LLC, Adolf Wurth GmbH and Co. KG, Asahi Kasei Corp., Chroma ATE Inc., Corning Inc., HIOKI E.E. Corp., KYOCERA Corp., Meco Instruments Pvt. Ltd., Microchip Technology Inc., Milnec Interconnect Systems, Murata Manufacturing Co. Ltd., National Instruments Corp., Sanwa Electric Instrument Co. Ltd., Seiko Epson Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., TXC Corp., and Yokogawa Electric Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
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