Asia Pacific Timing Devices Market Size & Outlook
Asia Pacific timing devices market highlights
- The Asia Pacific timing devices market generated a revenue of USD 1,362.4 million in 2023.
- The market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, oscillators was the largest revenue generating type in 2023.
- Oscillators is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,362.4 million |
| Market revenue in 2030 | USD 2,816.8 million |
| Growth rate | 10.8% (CAGR from 2024 to 2030) |
| Largest segment | Oscillators |
| Fastest growing segment | Oscillators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oscillators |
| Key market players worldwide | Infineon Technologies AG, Abracon, Microchip Technology Inc, NXP Semiconductors NV, Kyocera Corp, Nihon Dempa Kogyo, Rakon, Renesas Electronics Corporation, Seiko, STMicroelectronics NV |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.3% of the global timing devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,816.8 million by 2030.
Oscillators was the largest segment with a revenue share of 111.96% in 2023. Horizon Databook has segmented the Asia Pacific timing devices market based on oscillators covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive sector in Asia Pacific is undergoing significant changes with the rise of electric vehicles (EVs) and autonomous driving technologies. Timing devices are essential for synchronizing various systems within these vehicles, including communication networks and sensors.
Major automotive manufacturers in Japan and South Korea are integrating advanced timing solutions to meet the evolving requirements of next-generation vehicles. Moreover, the rapid adoption of Internet of Things (IoT) technologies across various industries is further propelling the demand for timing devices.
IoT applications require precise timing for coordinated operations and data exchange, leading to increased integration of timing solutions in smart manufacturing, agriculture, and smart city initiatives.
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Timing Devices Market Scope
Timing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rakon | View profile | 1001-5000 | Auckland, Auckland, New Zealand, Oceania | http://www.rakon.com |
| Abracon | View profile | 11-50 | Irvine, California, United States, North America | http://www.abracon.com/ |
| Renesas Electronics Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.renesas.com |
| Nihon Dempa Kogyo | View profile | 501-1000 | Tokyo, Tokyo, Japan, Asia | https://www.ndk.com/ |
| Seiko | View profile | 501-1000 | Mahwah, New Jersey, United States, North America | https://www.seikowatches.com/global-en/company |
| Kyocera Corp | View profile | 81209 | 6, Takeda Tobadono-cho, Fushimi-ku, Kyoto, Japan, 612-8501 | http://www.kyocera.co.jp |
| Microchip Technology Inc | View profile | 22600 | 2355 West Chandler Boulevard, Chandler, AZ, United States, 85224-6199 | https://www.microchip.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
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