Global Real-Time Clocks (RTC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Real-Time Clocks (RTC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A real-time clock (RTC) is a computer clock, usually in the form of an integrated circuit, dedicated to timekeeping. RTCs can be found in personal computers, embedded systems, and servers, and are present in any electronic device that may require precise timing. The RTC must time accurately even when the device is off, as it is often used as a trigger to turn on the device or trigger an event such as an alarm clock.

Market Overview:

The latest research study on the global Real-Time Clocks (RTC) market finds that the global Real-Time Clocks (RTC) market reached a value of USD 1855.89 million in 2022. It’s expected that the market will achieve USD 2616.27 million by 2028, exhibiting a CAGR of 5.89% during the forecast period.

Impact of the COVID-19 crisis on long-term demand

Lockdowns imposed by governments around the world have changed consumer habits due to the impact of the pandemic. People around the world are experimenting with new ways of working, learning and communicating through videoconferencing and other technologies. Applications such as telecommuting and conferencing, and online education are widely accepted, promoting digital transformation in multiple industries. The corresponding network communication, artificial intelligence, and consumer electronics will also usher in a leap, and the Internet of Things is developing in a smarter, safer and more convenient direction. This trend could have a lasting impact on real-time clock demand and open up new possibilities for existing products and services. For example, with the growth of online collaboration, the demand market for TWS headsets, PC equipment, 5G mobile phones, and small home appliances has been driven. Under the influence of the epidemic, the society continues to digitize, and the demand for semiconductors in the fields of communication and information terminals is expanding.

Loose credit conditions

Since the onset of COVID-19, central banks around the world, along with fiscal authorities, have taken extraordinary measures to mitigate the economic impact and support the recovery. For example, support an initial recovery by keeping borrowing costs low. Massive monetary stimulus by global central banks means that credit conditions will remain very accommodative for the foreseeable future. This provides a good financial environment for real-time clock manufacturers.

Changes from the Related Industries

Before the Internet became commonplace, high-precision RTCs were essential for countless applications such as personal computers, digital watches, cameras, and vehicles. The RTC keeps track of the time even when the main power is turned off. Without RTC, users would need to set the time and date every time they turn on the device. Today's electronic devices can access the Internet or GPS. Once the device is connected, it can easily get the accurate time. For those devices with a constant internet connection, a high-precision RTC may seem unnecessary, but this benefit comes at the cost of high power consumption.

Substitutes Threat

For real-time clock (RTC) chips and modules, this product is widely used in communication, power management, Internet of Things, security, medical equipment, automotive electronics, industrial control, consumer electronics and many other fields. Due to its necessity, it can meet the requirements of any electronic device that requires precise timing. At the same time, real-time clock (RTC) manufacturers are not sitting still, but are constantly improving, driven by customer demands and regulations. For example, some manufacturers are making progress in power management, ultra-low power consumption, etc. The technological progress of the industry is conducive to the development of downstream industries. Therefore, there is less risk in substituting real-time clock (RTC) products.

Region Overview:

North America dominated the Real-Time Clocks (RTC) market in 2021, with a market share of 34.42%.

Company Overview:

STMicroelectronics is one of the major players operating in the Real-Time Clocks (RTC) market, holding a share of 40.37% in 2022.

STMicroelectronics

STMicroelectronics is an international semiconductor manufacturer for automotive systems and smart keys, power supplies for large machine tools and data centers, washing machines and hard drives, smartphones and toothbrushes.

Seiko Group

The Seiko Group consists of three core companies: Seiko Holdings (Seiko), Seiko Instruments (SII) and Seiko Epson (Epson).

Segmentation Overview:

Among different product types, I2C RTC segment is anticipated to contribute the largest market share in 2027.

Both I2C and SPI are bus protocols that allow users to make serial data transfers over short distances. I2C is basically a two-wire communication protocol. It communicates using only two wires. While SPI is a 3-wire interface, the main difference between them is that an address must be sent when using I2C.

Application Overview:

The market's largest segment by application is the segment Automotive Electronics, with a market share of 33.49% in 2021.

Key Companies in the global Real-Time Clocks (RTC) market covered in Chapter 3:

Abracon
Seiko Group
Cymbet
Micro Crystal AG
ABLIC Inc
DAPU TELECOM
NJR
Diodes
NXP
STMicroelectronics
TI
Renesas
Microchip
Maxim

In Chapter 4 and Chapter 14.2, on the basis of types, the Real-Time Clocks (RTC) market from 2018 to 2029 is primarily split into:

I2C RTC
SPI RTC

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Real-Time Clocks (RTC) market from 2018 to 2029 covers:

Industrial Instrument
Automotive Electronics
Consumer Goods
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)