Global Timing Devices Market is expected to grow with the CAGR of 8.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:

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Global timing devices market is a fragmented market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global timing devices market are introducing strong range of product portfolio. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in September 2019, Infineon Technologies AG entered into a collaboration with Synopsys, Inc. to accelerate artificial intelligence in automotive applications. Under this collaboration, Infineon integrated their ext-generation AURIX microcontrollers with Synopsys’s AI accelerator called Parallel Processing Unit (PPU).

Murata Manufacturing Co., Ltd. is the dominating player in global timing devices market. The other key players existing in the timing devices market includes Texas Instruments Incorporated, Asahi Kasei Microdevices Corporation (a subsidiary of Asahi Kasei Corporation), Würth Elektronik GmbH & Co. KG (a subsidiary of Adolf Würth GmbH & Co. KG), LIHOM XTALS, Masterclock Inc., Renesas Electronics Corporation, Infineon Technologies AG, TXC, KYOCERA Corporation, Abracon, Seiko Epson Corporation, Microchip Technology Inc., NXP Semiconductors, Rakon Limited, NIHON DEMPA KOGYO CO., LTD., Silicon Laboratories, SiTime Corp., Analog Devices, Inc., Vishay Intertechnology, Inc. among others.

Murata Manufacturing Co., Ltd.:

Murata Manufacturing Co., Ltd. is headquartered in Kyoto, Japan which was founded in 1944. The company is engaged in designing and providing timing devices for various applications such as mobile phones, wearable devices and AV/PC. The company has multiple business segments namely components, modules and others out of which components is the market focused segment. The company has wide range of products under categories such as electronic components, solutions and other products out of which electronic components is the market focused category.

For instance,

• In October 2018, Murata Manufacturing Co., Ltd. launched the world's smallest 32.768 kHz MEMS resonator. This resonator was designed to reduce the size and power consumption of IoT devices, wearables and healthcare devices. These resonators were used in power sensitive applications to keep accurate time. This has helped the company to enhance their offerings in the market.

The company has presence in America, Europe and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Murata Power Solutions Inc. (U.S.), Kanazawa Murata Manufacturing CO. Ltd. (Japan), Peregrine Semiconductor (U.S.), TOKYO DENPA Co. Ltd. (Japan) and ATEL Inc. (U.S.) among others.                                                                        

Texas Instruments Incorporated:

Texas Instruments Incorporated is headquartered in Texas, U.S. and was founded in 1930. The company is engaged in designing, manufacturing, testing and selling of analog and embedded processing chips. The company has multiple business segments namely analog and embedded processing out of which analog is the market focused segment. The company has wide range of products under categories such as amplifiers, audio, clocks & timing, data converters, die & wafer services, DLP products, interface, isolation, logic, microcontrollers (MCUs) & processors, motor drivers, power management, RF & microwave, sensors, space & high reliability, switches & multiplexers and wireless connectivity out of which clocks & timing is the market focused category.

For instance,

• In December 2020, Texas Instruments Incorporated made the most of its high-reliability (HiRel) semiconductor products available for online purchase on TI.com. Through this, aerospace and defense companies could quickly get the authentic TI products. The company increased its online sales through the new step taken.

The company has presence in North America, Europe, Asia and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Schneider Texas Instruments Japan Ltd. (Japan), Texas Instruments Tucson Corp. (U.S.), Unitrode (U.S.), Texas Instruments Deutchland GmbH (Germany), Texas Instruments Israel Ltd. (Israel) among others.

Renesas Electronics Corporation:

Renesas Electronic Corporation is headquartered in Tokyo, Japan and was established in 2002. The company is engaged in providing voice recognition solutions that does not require any internet connection making the response faster. The company has multiple business segments namely automotive business and industrial/infrastructure/IoT business out of which automotive business is the market focused segment. The company has wide range of products under categories such as microcontrollers & microprocessors, automotive products, analog products, clocks & timing, interface & connectivity, memory & logic, power & power management, RF products, sensor products and space & harsh environment out of which clocks & timing is the market focused category.

For instance,

• In March 2021, Renesas Electronics Corporation announced the launch of three new ICs for its communication timing portfolio. The company launched 8V19N850 as its first fully-integrated 5G synchronization solution and featured a dual DPLL front-end architecture for any frequency translation. The company launched 8V19N880 and 8V19N882 are introduced as RF sampling clock generators and clock jitter attenuators that are focused on meeting timing requirements with respect to clock synchronization. The new timing devices are launched to help alleviate the burden of 5G timing constraints and increase the companies timing products portfolio for the emerging 5G market.

The company has global presence in North America, Asia and Europe. In addition, the company also generates revenue through the subsidiary such as Intersil (U.S.), Integrated Device Technology (U.S.), Renesas Electronics America Inc. (U.S.), Renesas Semiconductor Beijing Co. Ltd. (China), Renesas Semiconductor (Suzhou) Co. Ltd. (China) among others.