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Timing Devices Market to Grow by USD 2.07 Billion from 2024-2028, Fueled by Smartphone Adoption and AI-Powered Insights, Says Technavio

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NEW YORK, Oct. 15, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global timing devices market size is estimated to grow by USD 2.07 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 6.1% during the forecast period. Increased adoption of smartphones and tablets is driving market growth, with a trend towards growing miniaturization of crystal resonators. However, poor accuracy and calibration poses a challenge. Key market players include Abracon LLC, Adolf Wurth GmbH and Co. KG, Asahi Kasei Corp., Chroma ATE Inc., Corning Inc., Emerson Electric Co., HIOKI E.E. Corp., KYOCERA Corp., Meco Instruments Pvt. Ltd., Microchip Technology Inc., Milnec Interconnect Systems, Murata Manufacturing Co. Ltd., Sanwa Electric Instrument Co. Ltd., Seiko Epson Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., TXC Corp., and Yokogawa Electric Corp..

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Timing Devices Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.1%

Market growth 2024-2028

USD 2067.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

China, US, Japan, Germany, and UK

Key companies profiled

Abracon LLC, Adolf Wurth GmbH and Co. KG, Asahi Kasei Corp., Chroma ATE Inc., Corning Inc., Emerson Electric Co., HIOKI E.E. Corp., KYOCERA Corp., Meco Instruments Pvt. Ltd., Microchip Technology Inc., Milnec Interconnect Systems, Murata Manufacturing Co. Ltd., Sanwa Electric Instrument Co. Ltd., Seiko Epson Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., TXC Corp., and Yokogawa Electric Corp.

 

Market Driver

The miniaturization of crystal resonators is a significant trend driving growth in the timing devices market. These resonators, which are commonly used in wireless applications, are being integrated into increasingly compact products. The need for miniaturization arises due to the size reduction of these products. The use of MEMS technology, which is the basis for miniaturization, facilitates the easy and efficient integration of crystal resonators into these compact devices. This trend is expected to positively impact the market growth of resonators globally during the forecast period. 

The Timing Devices Market is experiencing significant growth, driven by trends in Smart Wearables and advanced technologies like Semiconductor Clocks, Oscillators, Clock Buffers, and Clock Generators. Ceramic Resonators and both Surface Mount and Through Hole components are in high demand for various industries, including Computing Tools, Telecommunications, Industrial, Medical and Healthcare, Telecommunications and Datacenter, Military and Defense, Precision, Navigation Systems, and Aerospace. 5G Networks and Telecommunication Expansion are fueling the need for precise timing solutions. Intellectual Property and raw material shortages, as well as shipping delays, pose challenges. The market also caters to emerging technologies like Machine Learning, AR, VR, and IoT, requiring energy-efficient timing devices with minimal carbon footprints. High-precision timing devices are essential for communication, surveillance, medical devices, smart grids, and advanced timing solutions. The market serves various sectors, including Telecommunications, Industrial, Military and Defense, and Energy, with a focus on delivering reliable and efficient timing solutions. 

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 Market Challenges

ai_dominating_segment_factor_newThe Timing Devices Market is experiencing significant growth due to the increasing demand for precision timing solutions in various industries. AI and Artificial Intelligence are driving the need for synchronization in data processing. Oscillators, such as Crystal and Silicon, continue to be essential components in consumer electronics, from wearables to digital banking and cybersecurity. 5G infrastructure and autonomous driving require advanced timing technologies like Atomic clocks and GPS. Integration challenges arise with the adoption of 6G technologies, renewable energy sources, and smart city initiatives. Microwave Oscillators and MEMS play a crucial role in mobile devices, including smartphones. Precision timing solutions are vital for navigation satellite systems like Galileo and GPS. Signal integrity and electromagnetic interference are key concerns in high-density circuit designs for electronic devices. Health monitoring devices also rely on timing devices for accurate readings. Overall, the market faces integration challenges in various applications, including autonomous vehicles and mobile infrastructure.

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Segment Overview 

This timing devices market report extensively covers market segmentation by

End-user 1.1 Consumer electronics1.2 IT and telecom1.3 Automotive1.4 Aerospace and defense1.5 OthersType 2.1 Oscillators2.2 Resonators2.3 Clock generators2.4 Clock buffers2.5 Jitter attenuatorsGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Consumer electronics- The Timing Devices Market is experiencing steady growth due to increasing demand from various industries such as automotive, consumer electronics, and telecommunications. These devices enable precise time measurement and synchronization, enhancing efficiency and productivity. Major players in this market include Texas Instruments, Infineon Technologies, and Maxim Integrated. They invest in research and development to offer innovative solutions and expand their customer base. The market is expected to continue growing due to the rising trend of IoT and industrial automation applications.

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Research Analysis

The Timing Devices Market encompasses a range of precise timing solutions essential for various industries, including data centers and cloud computing, where real-time data processing is crucial. In aerospace and defense sectors, high-precision timing devices are indispensable for navigation and communication systems. Precision timing solutions are also vital in the communication, surveillance, medical devices, smart grids, and IoT sectors for synchronization and frequency generation. Mobile devices, such as smartphones, increasingly rely on timing devices for functions like GPS and network synchronization. Microwave oscillators, clock buffers, clock generators, resonators, and semiconductor clocks are some of the key components in this market. The market is witnessing significant growth due to the AI impact, autonomous vehicles, and the increasing use of electronic devices. Mounting types, such as surface mount and through-hole, offer flexibility in design and manufacturing.

Market Research Overview

The Timing Devices Market is experiencing significant growth due to the increasing demand for precise timing solutions in various sectors. Cloud computing, communication, surveillance, medical devices, smart grids, and advanced timing solutions are driving the market’s expansion. The aerospace and defense sectors require high-precision timing devices for navigation and synchronization, while the consumer electronics industry is integrating energy-efficient timing devices into wearables, digital banking, and mobile devices. The Internet of Things (IoT) and Artificial Intelligence (AI) are also fueling the market’s growth, with the need for synchronization and signal integrity in high-density circuit designs. The integration of 5G networks and autonomous vehicles is further expanding the market’s scope. Timing devices play a crucial role in various applications, including satellite navigation systems like GPS and Galileo, oscillators, atomic clocks, and crystal resonators. The market faces challenges in integration, particularly in high-reliability applications, but advancements in MEMS, microelectromechanical systems, and semiconductor clocks are addressing these challenges. The market encompasses various timing devices, including clock buffers, clock generators, resonators, surface mount, and through-hole, made of ceramic, silicon, and other materials. The market’s future growth is expected to be driven by the increasing demand for precise timing solutions in telecommunications, industrial, medical and healthcare, military and defense, and precision navigation systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userConsumer ElectronicsIT And TelecomAutomotiveAerospace And DefenseOthersTypeOscillatorsResonatorsClock GeneratorsClock BuffersJitter AttenuatorsGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Squirrel Ai Debuts S20 Tablet with TCL’s Advanced Display and Pioneering Adaptive Learning Technology at CES

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SHANGHAI, Oct. 16, 2024 /PRNewswire/ — TCL’s NXTPAPER display has been integrated into the latest flagship smart learning tablet, the Squirrel Ai S20, which made its debut at CES 2024. The collaboration between TCL and Squirrel Ai Learning builds on the success of the Squirrel Ai V12 series, further strengthening their partnership in artificial intelligence (AI) and smart education, while ushering in a new era of AI-enabled learning devices.

The Squirrel Ai S20, equipped with TCL’s NXTPAPER eye-care display, providing a paper-like reading experience that optimizes eye comfort. It also features posture-based distance reminders to safeguard ocular health. The tablet leverages AI and big data to introduce the world’s first adaptive large learning model, distancing itself from the traditional one-size-fits-all approach and embracing personalized learning. The development gives each student access to more individualized and intelligent learning solutions and experiences.

Powered by this large model, the S20 boasts comprehensive diagnostic and assessment capabilities, pinpointing student weaknesses and crafting tailored learning plans. Additionally, the system supports emotional interventions, analyzes children’s capabilities and skills, and provides positive feedback to encourage good learning habits, enhance emotional engagement, and help each child reach their full potential.

At CES, discussions between TCL and Squirrel Ai focused on the existing education ecosystem. Zhang Xin, CEO of TCL Communication, highlighted TCL’s leadership in display technology and the growing recognition of NXTPAPER technology among parents, teachers, journalists, and startups like Squirrel Ai. Derek Li, Chairman and Chief Education Technology Scientist of Squirrel Ai and Chairman of the IEEE Working Group for AI Education Large Model Standards, commented, “As China’s first tech unicorn in AI adaptive learning for education, our company has been engaged in technological development and product innovation in response to the country’s call, continuously leveraging technological advancements to support education. In collaboration with TCL, a prominent industry partner, the Squirrel Ai S20 places a priority on student eye health while also unveiling our first adaptive large learning model on a global scale. The pioneering solution merges adaptive technology with multi-modal large models, driving the AI and smart education revolution forward.”

Squirrel Ai plans to launch an international version of its tablet by year’s end, catering to the needs of students globally and broadening the awareness of Chinese edtech brands on the world stage. Looking ahead, TCL and Squirrel Ai are teaming up to leverage their respective expertise to push for standardized AI education in China and provide a transformative boost to the global education industry.

About TCL Electronics

TCL Electronics (1070.HK) ranks among the world’s fastest-growing consumer electronics companies and is a global leader in the manufacturing of TVs and mobile devices, with TCL Communication as its wholly-owned subsidiary. For nearly four decades, TCL has operated manufacturing and R&D hubs worldwide, distributing products across 160+ countries and regions throughout the Americas, Europe, the Middle East, Africa, and Asia-Pacific. TCL specializes in the research, development and manufacturing of consumer electronics including TVs, mobile phones, audio devices, and smart home products. For more information about TCL’s mobile communication business, please visit: http://www.tcl.com/global/en.html.

TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners.

About Squirrel Ai Learning

Squirrel Ai Learning has established itself as a tech-savvy startup in China, pioneering the integration of AI adaptive learning with education. With nine-plus years dedicated to AI research, it has rolled out the globe’s first all-subject adaptive large learning model, marking China’s first-ever fusion of adaptive learning with multi-modal large models for education. An Ernst & Young report rates Squirrel Ai’s adaptive technology as achieving Level 5 autonomy in learning. Since 2021, the firm has shifted its focus to the mid-to-high-end smart learning device market, emphasizing L5 autonomy, with shipments surpassing 200,000 units. Squirrel Ai also provides adaptive teaching and learning SaaS systems to over 60,000 schools, reaching 24 million students. Its large model has collected and analyzed data from over 10 billion learning behaviors. Following extensive data training, Squirrel Ai has made significant advances in AI technologies, including recommendation algorithms and deep knowledge tracing. By leveraging its proprietary AI adaptive learning and teaching platform, Squirrel Ai is steadily expanding into the smart hardware domain. Its comprehensive suite includes AI-enhanced foundational skill development, intelligent diagnostic assessments, in-depth knowledge assessments, sequential learning, MCM learning strategies, skill mastery training, mistake analysis, spaced repetition, error tracking journals, performance feedback reports, and Level 5 AI-driven interactive teaching capabilities. The technology has earned widespread acclaim from parents, students, and educators alike. Currently, Squirrel Ai has a vast network of over 2,000 physical smart learning tablet stores nationwide, making it the largest AI learning device brand by retail footprint in China.

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SOURCE Squirrel Ai Learning

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Creating opportunities for Canadian industry through an enabling Canada-European Space Agency partnership

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LONGUEUIL, QC, Oct. 16, 2024 /CNW/ – Today, while representing Canada at the 2024 International Astronautical Congress (IAC), Canadian Space Agency (CSA) President Lisa Campbell announced that Toronto-based Kepler Communications Inc. has been selected as the prime contractor for the European Space Agency’s (ESA) HydRON-DS mission. 

Consisting of a ring of 10 satellites around Earth, HydRON-DS will use laser communications to provide high-performance Internet in space at unprecedented speeds for government and commercial users. This opportunity has been made possible thanks to Canada’s long-standing and fruitful partnership with ESA, that allows Canadian companies from the space sector to leverage their expertise and skills on the European market. Since 1979, Canada has held the privileged position of being the only non-European cooperating state of ESA. 

President Campbell also highlighted other concrete outcomes of this agreement for Canadian companies, such as:

Sherbrooke-based SBQuantum will assess the viability of its quantum diamond magnetometer in space. ESA will evaluate both the reliability and precision of the sensor, and explore its potential deployment on satellites for various purposes, like assisting in the monitoring of magnetic storms or mapping minerals under the surface of the Moon.C-CORE, based in St. John’s, Newfoundland, will design and build a calibration transponder for the Biomass mission, which will deliver crucial information about the state of the world’s forests and how they are changing, and further our knowledge of the role forests play in the carbon cycle.Québec-based ABB Analytical Business Unit in Canada will provide the Laser Unit for the interferometer of the Forum mission, ESA’s ninth Earth Explorer satellite mission. Data from the mission will be used to evaluate the role that the far-infrared part of the electromagnetic spectrum plays in shaping our climate.

Quotes

Canada’s continued participation in European Space Agency programs will further position our space sector for significant growth, generating highly skilled employment, and providing essential opportunities to access European markets. This collaboration allows us to engage in international space missions, while ensuring Canada’s space industry remains innovative, vibrant, and competitive in the fast-evolving global landscape.”

The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

“For 45 years now, Canada’s collaboration with ESA has resulted in opportunities to participate in European space program projects that would otherwise be out of reach. For Canadian companies, having this unique access to the European space market means commercialization prospects and concrete sales, job creation and knowledge-sharing, and international partnership opportunities. We look forward to continuing this partnership to further strengthen the synergies between our industrial, academic and government sectors as we advance space science and technology together.”

Lisa Campbell, President of the CSA

“ESA is proud of the HydRON project, which exemplifies the power of European and Canadian collaboration in advancing space technology. With its laser satellite network for lightning-fast Internet communications, HydRON has the potential to transform how we connect globally, bridging digital divides and enabling secure communications on Earth and beyond.”

Josef Aschbacher, ESA Director General

Quick facts

The Cooperation Agreement between Canada and ESA was first signed in 1979, most recently renewed in 2019.Europe is the second-largest trading partner for Canada’s space sector after the U.S. ESA is among the largest space agencies in the world and undertakes a wide range of space missions and activities that the Canadian space sector is well positioned to engage in.Between April 2018 and March 2022, 44 Canadian organizations received 125 contracts valued at approximately €59 million, which would otherwise not have been accessible without the Canada–ESA Cooperation Agreement.From October 14 to 18, the CSA is attending the 75th edition of the IAC organized in Milan, Italy. The IAC is the largest space-related conference worldwide offering the latest space information and developments in academia and industry, networking opportunities, contacts and potential partnerships.

Website: www.asc-csa.gc.ca
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SOURCE Canadian Space Agency

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Exyte completes acquisition of Kinetics

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Closing of transaction following the approval by all required regulatory bodiesAcquisition of industry leader in installation services, equipment, and technical facility management The company serves high-tech industries such as semiconductor, biopharma, and batteriesFurther strengthening of Exyte’s Technology & Services business

STUTTGART, Germany, Oct. 16, 2024 /PRNewswire/ — Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has completed the acquisition of Kinetics Group. The transaction, announced in April 2024, closed on October 15, 2024, following receipt of all required regulatory approvals.

Kinetics is a globally recognized leader in installation services, equipment, and technical facility management. The company’s expertise spans the biopharma, semiconductor, and high-tech industries, with operations across Asia, Europe, and North America. With the acquisition of Kinetics, Exyte significantly enhances the portfolio of its Technology & Services business area, reinforcing its position as a leader in high-tech facility solutions while also increasing its regional coverage.

“Through the acquisition of Kinetics, we are strengthening our capabilities and expanding our service offerings,” says Exyte CEO Dr. Wolfgang Büchele. “Kinetics is an ideal addition to Exyte, allowing us to capitalize on the ongoing investments in high-tech facilities. Together, we will leverage new opportunities and continue providing our clients with innovative solutions.”

With the transaction, Exyte also ventures into the field of technical facility management. Technical facility management services enable Exyte to extend its business activities beyond the engineering, planning, and construction phases, ensuring the continuity of its client relationships by offering services during operations.

Kinetics CEO Peter Maris adds: “Joining forces with Exyte provides Kinetics with a strategic partner committed to our sustained growth and excellence. Together, we will continue to serve our global clients with enhanced expertise and a broader range of high-tech solutions, ensuring ongoing success and innovation.”

Strategic expansion of Technology & Services

Kinetics will operate within Exyte’s business area Technology & Services, leveraging the combined strengths to foster innovation and growth. The business area consists of entities that provide cleanroom technology, installation services, and equipment for subsystems to their clients as well as off-site manufacturing (OSM). Exyte is currently pursuing its “Pathway to Ten” with the goal to achieve ten billion euros in sales by 2027. The business area Technology & Services is expected to contribute significantly to the company’s success in the coming years.

About Exyte

Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of complete solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2023, the company generated sales of €7.1 billion with around 9,900 employees worldwide. www.exyte.net 

More information about Kinetics can be found on www.kinetics.net.

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Contact
Samy Abdel Aal
Public Relations Manager

Phone: +49 711 88044696
Mobil: +49 172 840 33 01
samy.abdelaal@exyte.net 
www.exyte.net

 

 

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