Semiconductor Timing IC Market Scope

Global Semiconductor Timing IC Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global semiconductor timing IC market is estimated to garner a revenue of USD 12.0 Billion by the end of 2031 by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 7.0 Billion in the year 2021. The growth of the market can be attributed to the rising demand for electronic products. For instance, there is nearly 30 percent consumer electronics penetration in the year 2022 worldwide.

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A Semiconductor can be defined as a material that has the characteristics and ability to conduct a small amount of electrical current. Semiconductors have much lower resistance to the flow of electrical current in one direction than in another. Basic electronic components such as Diodes, transistors, and many photovoltaic cells contain semiconductive materials. When a semiconductor is used as an integrated circuit (IC) to generate, manipulate, distribute, or control a timing signal in an electronic system it is referred to as a semiconductor timing integrated circuit. In other words, they are programmable semiconductor circuits that generate or set the timing for electronic circuits. These chips. function as single or multi-function units. An IC timer working is based on an external capacitor for determining on and off intervals in the output pulse. An IC can function as an amplifier, oscillator, timer, counter, logic gate, computer memory, microcontroller, or microprocessor. An IC is the fundamental building block of all modern electronic devices. Therefore, increasing demand for electric vehicles is anticipated to surge the growth of the global semiconductor timing IC market. According to the International Energy Agency, the sale of electric vehicles across the globe surpassed 2.1 million in the year 2019

Global Semiconductor Timing IC Market: Growth Drivers and Challenges

Growth Drivers

• Surging IoT Devices– The Internet of Things (IoT) is driving a surge in customer demand for more applications. Thus there is an increasing demand for IoT devices. It was discovered that IoT connections increased by more than 8% in 2022, from 12.2 billion active endpoints in 2021 to a global total of more than 14 billion in 2022.

• Increase in the Number of Smartphone Users– The penetration rate of smartphones has been more than 75 percent across the globe in the year 2020.

• Growing Need for Ventilators – India had less than 50 percent of the ventilators required during the COVID-19 pandemic for the treatment of patients.

• Rising Demand for Portable Medical Equipment- According to the National Library of Medicine, nearly 2,00,000 peacemakers are implanted in the United States every year.

Challenges

• High Cost of the Semiconductor

• Ability to Handle Limited Amount of Power

• High Nose of Semiconductor Operation

The global semiconductor timing IC market is segmented and analyzed for demand and supply by applications in industrial, automotive, consumer electronics, telecommunication, medical, and others. Out of these, the automotive segment is anticipated to hold the largest share over the forecast period owing to the rise in the sale of electronic vehicles across the globe. According to the International Energy Agency, the sale of electric vehicles made a new record of 6.6 million in the year 2021.

Global Semiconductor Timing IC Market Regional Synopsis

Regionally, the global semiconductor timing IC market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2031 on the back of a rising export of electronic products, and an increasing number of smartphone users followed by a high percentage of the population. For instance, China’s exports of electronic, and electrical equipment accounted for nearly USD 900.0 Billion in the year 2021.

Market Segmentation

Our in-depth analysis of the global semiconductor timing IC market includes the following segments:

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Key Companies Dominating the Global Semiconductor Timing IC Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global semiconductor timing IC market that are included in our report are IDT, Microsemi, Texas Instruments, Silicon Labs, Maximum Integrated, Cypress Semiconductor, Torex Semiconductor, ROHM Semiconductor, Renesas Electronics, ON Semiconductor (Onsemi), Diodes Incorporated., and others.

Global Semiconductor Timing IC Market: Latest Developments

• 27th July 2022, Diodes Incorporated.: The Company has launched a new transistor array, called DIODES ULN62003A which will not only reduce overall power usage but also mitigates thermal issues and improves reliability. It also allows more devices to be controlled while still maintaining the desired die temperature. The product can be utilized in washing machines, dryers, microwave ovens, and air conditioning units.

• 11th August 2022, Onsemi: The Hudson Facility of the company which manufactures silicon carbide used in the production of semiconductors is expanding with investment coming in from the federal government. It was visited by US Commerce secretary, Gina Raimondo to attend a ribbon-cutting ceremony, days after President Joe Biden signed the CHIPS and Science Act, which invests $280 billion into the American semiconductor industry.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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