A real-time clock IC is a component that works like a clock in various devices. Real-time clock ICs provide time in terms of year months, days, hours, minutes, and seconds and also including leap year. The real-time clock ICs are available in 24-hour and 12-hour time formats, including an AM/PM display. Real-time clock ICs are low-current devices that can withstand for years on a single lithium cell. The real-time clock ICs work on a lithium cell that keeps track of the time even if it is detached from the main power.
MARKET DYNAMICS
The increasing demand for standalone real-time clock ICs for practice in low-power IoT devices is one of the significant factors driving the growth of the global real-time clock (RTC) IC market. The introduction of the IoT and automation process requires high-performance real-time clock IC and is anticipated to boost the demand of real-time clock IC. However, the limitations in terms of accuracy in timekeeping are the major factor expected to restrain the growth of the global real-time clock IC market. The technological advancements in real-time clock ICs are expected to fuel the growth of the market during the forecast period
MARKET SCOPE
The "Global Real-Time Clock (RTC) IC Market Analysis to 2028" is a specialized and in-depth study of the real-time clock (RTC) IC market with a special focus on the global market trend analysis. The report aims to provide an overview of real-time clock (RTC) IC market with detailed market segmentation by interface, mounting type, end-user. The global real-time clock (RTC) IC market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading real-time clock (RTC) IC market players and offers key trends and opportunities in the real-time clock (RTC) IC market.
MARKET SEGMENTATION
The global real-time clock (RTC) IC market is segmented on the basis of interface, mounting type, end-user. On the basis of interface, the market is segmented as I2C, SPI, others. On the basis of mounting type, the market is segmented as surface mount, through hole. On the basis of end-user, the market is segmented as consumer electronics, automotive, healthcare, industrial, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global real-time clock (RTC) IC market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The real-time clock (RTC) IC market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting real-time clock (RTC) IC market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Real-time clock (RTC) IC market in these regions.
MARKET PLAYERS
The reports cover key developments in the real-time clock (RTC) IC market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from real-time clock (RTC) IC market are anticipated to lucrative growth opportunities in the future with the rising demand for real-time clock (RTC) IC market. Below mentioned is the list of few companies engaged in the real-time clock (RTC) IC market.
The report also includes the profiles of key real-time clock (RTC) IC market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABLIC Inc.
- Abracon
- Diodes Incorporated
- Integrated Device Technology, Inc.
- Maxim Integrated
- Microchip Technology Inc.
- NXP Semiconductors
- Seiko Epson Corp.
- STMicroelectronics
- Texas Instruments Incorporated
The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.