PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1537689
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1537689
The Frequency Control And Timing Devices Market size is estimated at USD 6.09 billion in 2024, and is expected to reach USD 8.57 billion by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).
Frequency control and timing devices (FCTD) are electronic components that generate, control, and synchronize timing signals in various electronic systems. They are crucial in ensuring accurate timing, synchronization, and coordination of operations within these systems. Applying the principles of timing devices to quartz crystals, MEMS, and ceramic resonators makes it possible to generate oscillations with stable frequencies. These timing devices help to ensure the precise operation of devices in Zigbee, Bluetooth, and other wireless applications (such as smartphones), automobiles, and medical equipment.
* The surging popularity of printed circuit boards (PCBs) is a key driver for the growth of the frequency control and timing devices market. Modern PCBs are becoming increasingly complex, with higher component density and functionality packed into smaller spaces. This complexity necessitates precise timing and signal integrity to ensure proper operation. FCTDs are important in managing these complexities by providing stable reference frequencies and signal integrity.
* Industrial organizations' efforts to accelerate digital transformation drive the market's growth. This includes shifting to the "industry 4.0" concept, which governs a higher adoption of automation, robotics, and advanced solutions such as AI and IIoT in industrial setups.
* The growing adoption of 5G technology worldwide significantly drives the growth of frequency control and timing devices. 5G networks utilize higher frequency bands, including millimeter-wave frequencies (24GHz and above), which require exact frequency control devices to maintain signal integrity and performance. With the expanded bandwidth capabilities of 5G, precise timing is essential to handle large amounts of data being transmitted and received, necessitating advanced oscillators and clock generators.
* The frequency control and timing devices market is a critical segment within the electronics industry, providing essential components for various applications. However, the high costs associated with developing and producing frequency control and timing devices are challenging the market's growth.
* Several macroeconomic trends, like economic growth, inflation, government spending priorities, global trade, and geopolitical dynamics, affect the defense budgets of various countries. According to the US Congressional Budget Office, defense spending in the United States is predicted to increase yearly until 2033. Defense outlays in the United States amounted to USD 746 billion in 2023, and the forecast predicts an increase to USD 1.1 trillion in 2033.
The frequency control and timing devices market is fragmented and highly competitive. The market appears to be highly fragmented, with significant players adopting strategies like product innovation, new product launches, partnerships, collaborations, and mergers and acquisitions. Some of the major players in the market are Murata Manufacturing Co. Ltd, Kyocera Corporation, Rakon Limited, Microchip Technology Inc., and TXC Corporation.
* April 2024 - Kyocera Avx, a manufacturer of advanced electronic components, unveiled a new manufacturing and design center for high-quality, low-noise quartz crystal frequency control products under the name Kyocera Avx Components Corporation (Erie). The newly established production facility is expected to manufacture over 1.2 million patented and unparalleled low-power OCXO (oven-controlled crystal oscillators) and a range of TCXO (temperature-computed crystal oscillators) and VCXO (voltage-computed crystal oscillators).
* February 2024 - Rakon displays its initial extended holdover solution for modern radio networks and telecommunications data centers at MWC Barcelona 2024. The Error Exchange OCXO (MercuryXE2) is a version of Rakon's recently launched Mercury compact IC-OCXO. It improves the system's current synchronization abilities on a network synchronizer evaluation board by incorporating frequency error exchange processing and aging compensation, thereby increasing the holdover performance.