Europe Timing Devices Market Size & Outlook, 2024-2030
Europe timing devices market highlights
- The Europe timing devices market generated a revenue of USD 1,366.1 million in 2023.
- The market is expected to grow at a CAGR of 5.3% 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.
Europe data book summary
| Market revenue in 2023 | USD 1,366.1 million |
| Market revenue in 2030 | USD 1,974.7 million |
| Growth rate | 5.3% (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, Europe 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 106.15% in 2023. Horizon Databook has segmented the Europe timing devices market based on oscillators covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of timing devices in AI servers across Europe is closely tied to the continent's increasing focus on technological advancements, particularly in AI. As the global AI race intensifies, Europe has emerged as a key player in AI infrastructure development.
European governments and companies are heavily investing in research, development, and data center infrastructure to support AI's growing demand for computational power. Moreover, Europe’s strong push towards digital sovereignty is encouraging the development of AI technologies within the region, reducing dependency on non-European AI providers.
The European Union (EU) has introduced initiatives like the Digital Compass and the Digital Strategy 2030 to foster AI growth and digital innovation. These strategies focus on enhancing Europe’s digital infrastructure, including AI servers and the precision timing devices that support them.
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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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