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Introduction
This market analysis report offers comprehensive detail about the global Real Time Clock or semiconductor clock market. To come up with a nearly accurate market forecast, this report analyses the product’s market segmentation, regional segmentation, key trends, industry developments, and more. As per this market report, the global market for such a clock will grow at the highest Compound Annual Growth Rate during the forecast period. The primary reason behind this is the increasing usage of such clocks in various embedded systems and other electronic devices.
Talking about the Real Time Clock, it is a semiconductor clock. It records the current time and helps the electronic devices to operate quite smoothly. It does this by maintaining a perfect flow across the components of the devices. In this market report, the experts have stated that the growth of this market is expected to primarily drive by some significant factors, such as the increasing demand for advanced electronic devices, for example, electric vehicles, smart TVs, smartphones, different home appliances, and more.
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Key Players of Global Real Time Clock Market =>
AMS
Texas Instruments
Abracon
Microchip Technology
NXP
Seiko Instruments
STMicroelectronics
Intersil
Maxim
EPSON
Cymbet
NJR
Pericom
IDT
Furthermore, the key players are now focusing more on the development of powerful yet small semiconductor clocks. Even though the new clocks are quite small in size, they can significantly boost the stability and performance of the devices. On the other side, the increasing preference for automobile automation is expected to be a significant driving factor for the growth of this clock market during the forecast period. In automobile, automation, semiconductors play a considerable role and facilitate effective networked communication. So, they are used widely for this work. This will have a positive effect on the market.
Market Segmentation Overview
The global market for Real Time Clock is segmented on the basis of product type, its application, and geography. On the basis of product type, it is split into I2C, SPI, and others. The market experts have forecasted that the I2C product type segment will cover the maximum market share in the coming years. This is used in different types of electronic devices, for example, televisions, VCRs, monitors, and more. Based on the application, it is split into consumer electronic goods, industrial utilization, automotive applications, computing device, and more. The consumer electronics market segment is projected to grow at the highest rate and may cover around 45 percent of the global market by 2024.
Geographical Market Segmentation Overview
On the basis of region, the global Real Time Clock market is segmented into different key regions and countries. Now, coming to the region-based market segmentation, this covers Europe (Eastern Europe and Western Europe), South America, North America, Middle East, and Asia, and the Asia Pacific. Coming to the country-based segmentation of the global Real Time Clock Market, it covers India, China, Turkey, France, Brazil, Hong Kong, GCC Countries, Russia, Korea, Southeast Asia, the US, the UK, South Africa, Philippines and more. It is projected that the APAC or Asia Pacific region will dominate the global market, and the regional market is expected to drive by the shift of key players to this region.
Industry News
In September 2019, TI- Texas Instruments launched its newest addition to the Texas Instrument Robotics System Learning Kit. The new product name is TI- RSLK MAX. This is simple to build and test. As per the company, this product is perfect for the university classroom.
In June 2019, CYMBET Introduced a new product developed using EnerChip and a new semiconductor clock for low-powered applications.
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