Timing Devices Market to Grow by USD 2.07 Billion from 2024-2028, Fueled by Smartphone Adoption and AI-Powered Insights, Says Technavio

Barchart · 10/15 18:56

NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global timing devices market size is estimated to grow by USD 2.07 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 6.1% during the forecast period. Increased adoption of smartphones and tablets is driving market growth, with a trend towards growing miniaturization of crystal resonators. However, poor accuracy and calibration poses a challenge. Key market players include Abracon LLC, Adolf Wurth GmbH and Co. KG, Asahi Kasei Corp., Chroma ATE Inc., Corning Inc., Emerson Electric Co., HIOKI E.E. Corp., KYOCERA Corp., Meco Instruments Pvt. Ltd., Microchip Technology Inc., Milnec Interconnect Systems, Murata Manufacturing Co. Ltd., Sanwa Electric Instrument Co. Ltd., Seiko Epson Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., TXC Corp., and Yokogawa Electric Corp..

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