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Timing IC market to hit $3B by 2016

Posted: 11 Jul 2011 ?? ?Print Version ?Bookmark and Share

Keywords:timing IC? market? growth? has announced that the market for timing ICs will grow at an average of 11 percent annually, reaching $3 billion by 2016, according to Databeans' report titled "2011 Timing Devices".

The strong growth forecast for the marketcurrently valued at $1.7 billionis attributed to the increasing demand from communications, computing and CE industry. The crystal oscillator market is 68 percent of overall timing devices revenue while ICs make up 32 percent. Although the clock distribution market remains a large contributor to IC revenue, new clock generation ICs are driving overall growth as the devices continue to penetrate the crystal clock market, replacing traditional solutions with higher efficiency circuitry.

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