The report forecasts the global semiconductor clock market to grow at a CAGR of 13.22% during the period of 2016 to 2020.
Commenting on the report, an analyst from the research team said: One trend leading to the growth of this market is the advances in MEMS technology. Semiconductor clock manufacturers are introducing a number of innovative features such as new fabrication and packaging in MEMS oscillators due to continuous funding and increased focus of a number of investors on these oscillators. Oscillator manufacturers are constantly improving features such as noise jitter, frequency stability, and power consumption. Technological advances in MEMS oscillators make these devices cost effective, energy efficient, and faster.
According to the report, one driver that will facilitate growth in this market is the ability to maintain time with minimal power use. Almost every electronic device that is sold in the market is linked to a clock and needs to maintain the current time even when the device is switched off. One way of achieving this is through an integrated clock. However, the power consumption in integrated clocks is higher, which will eventually result in the device losing power completely within a short span. A semiconductor clock is able to perform the function of maintaining the current time for the device it is attached to while ensuring minimal power consumption.
Further, the report states that factors like poor accuracy and calibration will pose a significant challenge for the growth of this market. A semiconductor clock faces the issue of poor accuracy as these devices can only be updated per second and not within fractions of seconds. A time base oscillator, which is typically a 32.768 kHz crystal, determines the accuracy of the semiconductor clock. These crystals are very cheap but fall behind in terms of timekeeping, thereby affecting the accuracy of semiconductor clocks. In addition, these crystals are sensitive to temperature fluctuations due to poor calibration during their manufacturing.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?