The Worldwide Clock Buffer Industry is Expected to Reach $3.5 Billion by 2028
DUBLIN, Sept. 22, 2022 /PRNewswire/ -- The "Clock Buffer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and End-User" report has been added to ResearchAndMarkets.com's offering.
Furthermore, government policies for digitization in developed and developing countries increased the use of computerized and digital devices in industries. For example, the Indian government's Digital India policy encourages the use of digital products in one of the world's most populous countries, which influences the demand for clock buffers.
When multiple buffers are used, the device-to-device skew for the selected clock distribution buffers becomes important to synchronize the timing across various ADC devices. Clock buffers are one of the most common circuits found in every electronics system. Fanout buffers and clock dividers are general-purpose clock building-block devices that can be used in many applications. They are ideal for clock and signal distribution in various systems, from personal computers to consumer electronics or industrial systems and high-performance networking and communications systems. Thus, the increasing adoption of clock buffer in consumer electronics applications for device interfacing is driving the clock buffer market growth.
Impact of COVID-19 Pandemic on Clock Buffer Market
The COVID-19 pandemic has shaken several industries, such as manufacturing, consumer electronics, IT & telecommunication, and automotive. The COVID-19 crisis had slightly negatively impacted the electronics & semiconductors industry in 2020. According to Electronics Component Industry Association, the pandemic hindered the supply chain, cancelled trade events, delayed product releases, and disrupted many industry activities. Due to the containment norms, the electronics & semiconductors industry players had to halt their operations temporarily. Further, the manufacturers of various electronics and semiconductors products, such as clock buffers, had to experienced delays in lead time, which negatively impacted the clock buffer market in 2020 and 2021.
The clock buffer market in the US is anticipated to retain its robust growth outlook during the forecast period. In the US, the rising disposable income and improving standard of living are propelling the demand for consumer electronics in the country. The clock buffer provides advantages such as high drive strength and less delay. Thus, there is a high demand for clock buffers in consumers electronics applications, such as smart TVs, smart phones, and other computers devices and peripherals. The demand for miniature devices is high with the growing popularity of AI (Artificial Intelligence) and Industry 4.0.
The success of numerous new technologies will be required to transition to Industry 4.0. Factory automation and real-time control of equipment and tasks and digital twins of machines and processes will be needed to speed smart manufacturing. For instance, Ericsson's plant in Tallinn has shown that augmented reality troubleshooting can enhance production by up to 50% by reducing average problem detection time, improving ergonomics, and disseminating information faster.
Thus, there is a need for clock buffers for the integration of these digitization electronic systems for efficient parallel operation and timing synchronization. The US government has taken many initiatives to boost the consumer electronics industry.
For instance, on May 6, 2022, the US government proposed new bipartisan proposal in the US to fuel the country's printed circuit board (PCB) sector. Many established electronics manufacturing companies in the US have welcomed the proposal by the US government. The bill will support the CHIPS Act of 2021 and American Printed Circuit Boards Act of 2022. As a result, there are many lucrative opportunities for the key clock buffer market players.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Clock Buffer Market Landscape
5. Clock Buffer Market - Key Market Dynamics
6. Clock Buffer Market - Global Market Analysis
7. Clock Buffer Market Analysis - By Type
8. Clock Buffer Market Analysis - By End-User
9. Clock Buffer Market - Geographic Analysis
10. Clock Buffer Market - Covid-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
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