Global Real-time Clock (RTC) IC Market: Introduction
Transparency Market Research delivers key insights on the
global real-time clock (RTC) IC market. In terms of revenue, the global
real-time clock IC market is
estimated to expand at a CAGR of ~4% during the forecast period,
owing to numerous factors, regarding which, TMR offers thorough insights and
forecasts in its report on the global real-time clock IC market.
A real-time clock IC is a type of IC that works as a clock
in various devices. Real-time clock ICs offer the time in terms of year
(including leap year), months, days, hours, minutes, and seconds. These ICs are
available in 12-hour and 24-hour time formats, with an AM/PM display. Real-time
clock ICs are low-current devices that can sustain for years on a single
lithium cell. RTC ICs run on a lithium cell that keeps a track of the time even
if it is disconnected from the main power. For example, IC DS1307 by Maxim
Integrated offers time in terms of decade (around 17 years). RTC ICs are used
in several applications such as wearable devices, computers, IoT (Internet of
Things) devices, digital cameras, battery management units, and vehicle
dashboards. In the healthcare sector, real-time clock ICs are applied in
fitness bands, medicine dispensers, glucometers, and other devices that need to
keep a track of time.
Major Key Players of
the Real-time Clock (RTC) IC Market are:
Maxim Integrated Products, Inc., Seiko Epson Corp., Integrated Device
Technology, Inc., STMicroelectronics International N.V., Microchip Technology
Inc., NXP Semiconductors N.V., Diodes Incorporated, Texas Instruments Incorporated,
Ricoh Semiconductor, Abracon LLC, ROHM CO., LTD, Cypress Semiconductor
Corporation, and ABLIC Inc.
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In this report, TMR proposes that, real-time clock ICs are
estimated to witness technological advancements in the near future. Rising
demand for standalone real-time clock ICs for use in low-power IoT devices is
the key factor driving the demand for real-time clock ICs across the globe.
Also, technological advancements in real-time clock ICs are expected to drive
the global real-time clock IC market from 2019 to 2027. Over the last few
years, the consumer electronics industry in prominent countries of Asia Pacific
and North America has witnessed significant demand for real-time clock ICs.
Tear-time clock IC market players are introducing advanced ICs that are
suitable for use in automotive, healthcare and industrial applications. In
addition to this, increasing demand in the healthcare sector for use in
patient-monitoring devices and fitness bands is expected to further drive the
global real-time clock IC market during the forecast period. However,
limitations in terms of accuracy in timekeeping are likely to adversely impact
the global real-time clock IC market in the next few years.
Global Real-time Clock IC Market: Segmentation
Real-time Clock IC Market by Interface
- I2C
- SPI
- Others
Real-time Clock IC Market by Mounting Type
- Surface
Mount
- Through
Hole
Real-time Clock IC Market by End-use Industry
- Consumer
Electronics
- Automotive
- Healthcare
- Industrial
- Industrial
Global Real-time Clock IC Market: Key Developments
Key manufacturers operating in the global real-time clock IC
market, such as Seiko Epson Corp. and STMicroelectronics, are increasing their
sales by increasing their production capacity. Some of the key developments in
the global RTC IC market are as follows:
- In
March 2018, Seiko Epson Corp. launched RA8804CE and
RX8804CE, two new modules of real-time clock ICs. These modules have
integral temperature compensated crystal oscillators. RA8804CE is designed
for use in automotive applications, whereas, RX8804CE is meant for
industrial applications.
- In
December 2018, STMicroelectronics announced to add STM32GO microcontrollers
(MCUs) to its STM32 family. The new series is based on
Arm Cortex-M0+ core, which ensures high performance of the device. This
device draws as low as 3 - 8 µA of electric current in
the stop mode with the real-time clock running, and just 500
nA of electric current in the standby mode with RTC (all at 3.0
V, 25°C).
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