The clock buffer market size is projected to reach US$ 3,579.91 million by 2028 from US$ 2,112.53 million in 2021; it is expected to grow at a CAGR of 8.0% from 2022 to 2028.
The clock buffer market analysis is being influenced by several factors, including the demand for high-level data synchronization due to the emergence of binary data processors, competent drive strength, and optimal clock buffer delays. The increasing usage of digital devices such as smartphones, smart wearables, laptops, and robotics is also driving the market forward, necessitating the integration of clock buffers for device interfacing. Additionally, government policies promoting digitization in developed and developing countries have increased the usage of computerized and digital devices in various industries. For instance, India's Digital India policy, which encourages the use of digital products in one of the world's most populated countries, is a significant factor driving the demand for clock buffers.
Furthermore, government policies for digitization in expanded and expanding countries increased the use of computerized and digital devices in industries.
Clock buffers are frequently utilized to distribute clocks to Analog-to-Digital Convertor (ADCs) connected in parallel for achieving higher resolution. In this scenario, it is crucial to ensure that the channel-to-channel skew meets the allowable clock variation to comply with the ADC device aperture delay specifications. The synchronization of timing across multiple ADC devices becomes crucial when multiple buffers are used, necessitating the selection of clock distribution buffers with minimal device-to-device skew. Clock buffers are ubiquitous in every electronics system and can be used in a variety of applications, such as fanout buffers and clock dividers that serve as general-purpose clock building-block devices. They are ideal for distributing signals and clocks in various systems, ranging from personal computers and consumer electronics to industrial and high-performance networking and communications systems. As a result, the clock buffer market is being propelled by the growing adoption of clock buffers in consumer electronics applications for device interfacing.
Impact of COVID-19 Pandemic on Clock Buffer Market
Several industries, including manufacturing, consumer electronics, IT & telecommunications, and automotive, were affected by the COVID-19 pandemic. In 2020, the electronics & semiconductors industry also experienced a slight negative impact due to the crisis. According to the Electronics Component Industry Association, the pandemic disrupted industry activities, delayed product releases, and led to the cancellation of trade events, which hindered the supply chain. As a result of containment measures, electronics & semiconductors industry players had to temporarily halt their operations. In addition, clock buffer manufacturers and other electronics and semiconductor product manufacturers experienced lead time delays, which adversely affected the clock buffer market in 2020 and 2021.
The clock buffer market is expected to benefit from the growing demand for reliable and efficient data centers, driven by the exponential increase in data generation and consumption by individuals and organizations. The rise of work-from-home jobs has further amplified the need for data centers for enterprises and end-users as computational hubs. There is a surge in the construction and restoration of data centers globally to address the need for improved data center performance. This trend presents growth opportunities for the clock buffer market in the foreseeable future.
During the forecast period, the clock buffer market in the US is expected to continue its robust growth trajectory. The growing disposable income and improving standard of living in the country have led to an increase in demand for consumer electronics, including smart TVs, smartphones, and computer devices and peripherals. With the increasing popularity of Industry 4.0 and AI, the demand for miniature devices is also rising, and clock buffers are essential for the integration of these digitization electronic systems. The US government has launched several initiatives to boost the consumer electronics industry, such as the proposed bipartisan bill in May 2022 to support the country's printed circuit board (PCB) sector. This bill is expected to create many lucrative opportunities for key clock buffer market players. Additionally, clock buffers are required for real-time control of equipment and tasks and for timing synchronization to enable efficient parallel operation in smart manufacturing. For example, Ericsson's plant in Tallinn has shown that augmented reality troubleshooting can improve production by up to 50% by reducing the average problem detection time, improving ergonomics, and disseminating information faster.
This market study profiles several key players in the global clock buffer market, including Renesas Electronics Corporation, Infineon Technologies AG, Analog Devices, and Texas Instruments, among others.
The global clock buffer market size has been determined through a comprehensive research process, combining primary and secondary data sources. The secondary research involved an extensive review of internal and external sources in obtaining qualitative and quantitative information on the clock buffer market. This approach provided an overview and forecast of the market growth across all segments. Additionally, primary interviews were conducted with various industry experts and commentators, including VPs, business development managers, market intelligence managers, national sales managers, valuation experts, research analysts, and key opinion leaders with a specialization in the clock buffer market, to validate the data and obtain further analytical insights.