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Global Timing Devices Market - Drivers and Forecast from TechnavioTechnavio analysts forecast the global timing devices market to grow to USD 12.52 billion by 2021, at a CAGR of more than 16% over the forecast period, according to their latest report. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170418005340/en/ 
Technavio has announced the release of their 'Global Timing Devices Market 2017-2021' report. (Graphic: Business Wire) The research study by Technavio on the global timing devices market for 2017-2021 provides detailed industry analysis based on end-users (consumer electronics, computing devices, industrial sector, automotive sector, and telecommunications), product type (oscillators, semiconductor clocks, and resonators), and geography (APAC, EMEA, and the Americas).
Request a sample report: https://www.technavio.com/request-a-sample?report=56174 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio analysts highlight the following three factors that are contributing to the growth of the global timing devices market:
Increased adoption of smartphones and tablets "The global timing devices market has observed an increased adoption of MEMS in mobile devices. This trend is driven by their ability to improve the device performance and provide better oscillation for radio-frequency components," says Sunil Kumar Singh, a lead analyst at Technavio for embedded systems research. The compact nature of MEMS timing devices also paves the way for slim cellular devices, which are attractive to a large demographic. Also, since a single cellular device uses 3-5 timing devices and the number of cellular devices is witnessing a rapid increase, the global market is set to grow swiftly through the forecast period. Miniaturization of electronic devices The miniaturization trend has taken over the consumer electronics segment of the global market. Major vendors such as Samsung (News - Alert) Electronics and Apple are involved in the manufacture of miniaturized electronics devices that consume less power while delivering effective performance. Compact semiconductors and small-sized resonators are very effective and provide efficient performance when size is a constraint. This trend of integrating compact MEMS resonators into consumer electronics will be an extremely important factor impacting the global timing devices market. Growth in smart grid technology Smart grid is a framework wherein a class of technology uses automation to integrate the actions of the user and deliver sustainable and secure electricity in the most efficient way by connecting to the electric infrastructure of the user and reducing wastage. "The smart grid technology makes use of integrated circuits and semiconductor clocks for its working. The extensive use of these two components in smart grids is likely to propel the global timing devices market over the forecast period," says Sunil. Browse Related Reports:
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