Middle East & Africa Timing Devices Market Size & Outlook
MEA timing devices market highlights
- The MEA timing devices market generated a revenue of USD 284.8 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, oscillators was the largest revenue generating type in 2023.
- Oscillators is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 284.8 million |
| Market revenue in 2030 | USD 532.4 million |
| Growth rate | 9.2% (CAGR from 2024 to 2030) |
| Largest segment | Oscillators |
| Fastest growing segment | Oscillators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oscillators |
| Key market players worldwide | Infineon Technologies AG, Abracon, Microchip Technology Inc, NXP Semiconductors NV, Kyocera Corp, Nihon Dempa Kogyo, Rakon, Renesas Electronics Corporation, Seiko, STMicroelectronics NV |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.9% of the global timing devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,816.8 million by 2030.
Oscillators was the largest segment with a revenue share of 110.11% in 2023. Horizon Databook has segmented the Middle East & Africa timing devices market based on oscillators covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for AI-driven technologies in the Middle East and Africa (MEA) is significantly influencing the growth of timing devices in AI servers. As industries such as telecommunications, healthcare, finance, and automotive increasingly rely on AI, the need for precise, synchronized timing in server infrastructure becomes more critical.
Timing devices, including clock generators, oscillators, and buffers, are crucial for maintaining the accuracy and performance of AI servers, especially when dealing with large-scale data processing and real-time applications. In the MEA region, technological advancements such as the rollout of 5G networks and the rise of connected devices are pushing the demand for high-performance AI servers.
These servers require highly reliable timing solutions to minimize latency and ensure data integrity across distributed systems. As more sectors embrace AI for automation and enhanced decision-making, the reliance on advanced timing mechanisms continues to grow, driving the expansion of the timing devices market.
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Timing Devices Market Scope
Timing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rakon | View profile | 1001-5000 | Auckland, Auckland, New Zealand, Oceania | http://www.rakon.com |
| Abracon | View profile | 11-50 | Irvine, California, United States, North America | http://www.abracon.com/ |
| Renesas Electronics Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.renesas.com |
| Nihon Dempa Kogyo | View profile | 501-1000 | Tokyo, Tokyo, Japan, Asia | https://www.ndk.com/ |
| Seiko | View profile | 501-1000 | Mahwah, New Jersey, United States, North America | https://www.seikowatches.com/global-en/company |
| Kyocera Corp | View profile | 81209 | 6, Takeda Tobadono-cho, Fushimi-ku, Kyoto, Japan, 612-8501 | http://www.kyocera.co.jp |
| Microchip Technology Inc | View profile | 22600 | 2355 West Chandler Boulevard, Chandler, AZ, United States, 85224-6199 | https://www.microchip.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
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