Global Semiconductor Clock Market size was valued US$ XX Mn. in 2019 and is expected to grow at a CAGR of 14.10% over 2020-2026, to account for US$ XX Mn. in 2026.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Semiconductor Clock Market
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Global Semiconductor Clock Market Overview:
Semiconductor clock is integrated into an electronic device that involves accurate time-keeping. This clock provides low power consumption for time-critical tasks.
The global market for semiconductor clock is expected to gain market growth from 2020 to 2026 thanks to growing demand for new-age electronic devices such as smart TVs, smartphones, automated home appliances, security systems and electric vehicles. Developments in the MEMS technologies is also fueling the semiconductor clock market globally. Moreover, the retailers’ rising focus on the development of small-sized semiconductor clocks that have improved stability and performance.
Semiconductor Industry Sales 2020:
As per the Semiconductor Industry Association (SIA) report, the worldwide semiconductor industry sales were US$ 439.0 Bn. in 2020, an upsurge of 6.5% compared to the 2019 total of US$ 412.3 Bn. In December 2020, Global semiconductor industry sales were US$ 39.2 Bn, an upsurge of 8.3% compared to the December 2019 total. The Semiconductor Industry Association (SIA) represents 98% of the US semiconductor industry by revenue and approximately two-thirds of non-US chip firms.
On a regional basis, in 2020 sales into the American semiconductor market stood out, increasing annually by 19.8%. China remained the largest individual semiconductors market, with sales there totaling US$151.7 Bn. in 2020, a rise of 5.0%. Yearly sales also increased in 2020 across APAC/All other 5.3% and Japan 1.0% but decreased in Europe -6.0%.
Global Semiconductor Clock Market Segmentation:
The MMR report covers all the segments in the semiconductor clock market such as type and applications. By application, the consumer electronic devices segment dominated the global semiconductor clock market in 2019, accounting for a share of XX.12%. Consumer electronic devices include essential electronic devices such as smartphones, TVs, refrigerators, tablets, ACs, wearable technology and washing machines. Most of these electronics devices run based on time-based information hence the demand for the semiconductor clocks market will upsurge significantly over the forecast period.
The developed and developing economies like the U.S., U.K., China, Japan, India, Germany, Australia, and Canada are expected to see a growing demand for these devices. With some of the prominent players concentrating on emerging these technologies, the consumer electronics segment is expected to grow at a significant rate during 2020-2026.
Global Semiconductor Clock Market Regional analysis:
Geographically, Asia-Pacific dominated the market, with market size of US$ XX Mn. in 2019 and reach US$ XX Mn by 2026, with a CAGR of 15%. This growth is attributed to recent shift of chip manufacturing units to Asia. Since APAC region has lower wage rates compared to other regions, various electronic device manufacturers such as Qualcomm and Micron Technology have started to shift their manufacturing units to Asia.
Key Development:
In recent years, major players in the semiconductor clock market have taken several strategic measures, like a new product launch, facility expansions and partnerships. Such as, In Dec 2018, STMicroelectronics announced to add STM-32GO microcontrollers (MCUs) to its STM3-2 family. The new series is based on Arm Cortex-M0+ core, which confirms high performance of the device. This device inducements as low as 3 - 8 µA of electric existing in the stop mode with the real-time clock running, and just 500 nA of electric current in the reserve mode with RTC (all at 3.0 V, 25°C).
Global Semiconductor Clock Market Share (%), by Key Players
Global Semiconductor Clock Market by chart
The objective of the report is to present a comprehensive analysis of the Global Semiconductor Clock Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Semiconductor Clock Market dynamics, structure by analyzing the market segments and projects the Global Semiconductor Clock Market size. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Semiconductor Clock Market the report investor’s guide.
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Global Semiconductor Clock Market table
Global Semiconductor Clock Market, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Global Semiconductor Clock Market Key Players
• Epson
• Maxim Integrated
• NXP Semiconductors
• Ricoh
• STMicroelectronics
• Texas Instruments
• Abracon
• Integrated Device Technology
• IQD
• Daishinku
• Kyocera
• Murata
• SiTime
• TXC
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