d segments across different regions such as Europe, North America, Asia Pacific, Middle East and Africa and Latin America.

Some of the key factors which is responsible for the growth of this market is the growing demand for the oscillators and the increasing spending on the oscillators in consumer electronics, automotive and industrial segment. Increased adoption of timing ICs in smartphones and tablets are also one of the major reason for driving the demand for this market. Thus, the continuously growing need for the microwave components in both the military and the civilian radar and in different communication applications is the main factor estimated to act as a catalyst for the demand of various types of Timing devices during the forecast period from 2017 to 2025. In addition to that rapid growth of usage in the shipboard radar is also anticipated to increase the demand of Timing ICs in the upcoming years. In turn this is also expected to affect the Timing Devices market in a positive manner during the forecasted period of 2017-2025.

Cyclical nature of the semiconductor industry is acting as a restraining factor for the Timing Devices market from achieving its full potential. The biggest challenge that MEMS Oscillators are facing that they synthesize the output frequency from a few MEMS resonator designs only .The presence of a PLL in between the MEMS resonator and the output does not actually generate a good quality signal as the quartz based design. This is acting as a restraining factor in the growth of Timing Devices market.

By type of products, oscillators held the largest market share because of its growing usage in portable electronics and wearable electronics. However, resonators is projected to achieve exponential growth during the forecast period. Miniaturization of electronic devices and growing demand for the semiconductor clocks in wearable devices makes it the most appropriate choice for various end user segments.

Geographically, the Timing Devices market is being primarily driven by Asia Pacific region. Rising demand of Timing ICs in automotive and consumer electronics industry is driving the Asia Pacific region. Rapidly growing demand of MEMS and Crystal Oscillators in broadcast transmitters and mobile phones is expected to drive the Timing Devices market rapidly. This region is anticipated to maintain its dominance in the market during the forecasted period from 2017-2025 owing to the presence of huge number of consumer electronics equipment manufacturers in countries like China, South Korea and Japan among others.

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Some of the leading players operating in the Timing Devices market includes Texas Instruments Incorporated (The U.S.), Asahi Kasei Corporation (Japan), Rakon Limited (New Zealand) , Cypress Semiconductor Corporation (The U.S.), IQD Frequency Products Ltd. (The U.K.), TXC Corporation (Taiwan). SEIKO Epson Corporation (Japan) among others.

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